Articles

16 Feb 2013

Business value – Managing risk

Most businesses, no matter how successful, if unprepared, can be adversely impacted by unexpected events. Whilst it would be great to run a business where nothing ever went…

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16 Feb 2013

Business value – Reporting for decision making

Effective financial reporting enhances your ability to make timely decisions based on quantitative evidence. What information do you need to run your business effectively? Are you getting the…

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16 Feb 2013

Business value – Cash flow and finance

All businesses need initial and ongoing funding to build and support growth. Do you understand how your business is currently funded? What is your reliance on internal/external funding?…

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16 Feb 2013

Business value – Business drivers

Each business has crucial drivers that determine the success of that business. It is very important to identify and understand the key drivers. Ensure that your team also…

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16 Feb 2013

Business value – Get the right advice

It can be lonely in business. But the issues that you face are quite possibly the same as many others in similar circumstances. So get the right advice.…

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16 Feb 2013

Business value – Develop a succession plan

A succession strategy is crucial to release the value of your business. There are quite a few options when it comes time to relinquish your business. Intergenerational baton…

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07 Feb 2013

FocusOn – Key controls – Payroll

The payroll cycle broadly covers seven key functions: Hiring employees Authorising payroll rates and deductions etc. Time and attendance recording Processing payroll Payment of payroll Remittance of various…

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02 Feb 2013

FocusOn – Key controls – General journals

The general journal cycle is a unique system which differs significantly from the revenue, expenses and payroll cycles. How these cycles function will determine the transactions which will…

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06 Jan 2013

Don’t give up your day job

Most small business owners start out in salaried employment and then pursue an idea or opportunity that arises. As a result, there can be a fast transition from…

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06 Jan 2013

Think twice about buying that BMW

Many small business owners seek to buy a prestige vehicle as a reward for their hard work and to show that they have been successful. Buying a motor…

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