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Financial Performance
Why do businesses fail – ego or ignorance?
03/11/16 - Financial Performance, Growth
The start of the new calendar year has brought with it a never-ending number of corporate collapses with the likes of Dick Smith, Laura…
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My magnificent seven tips to improve Return on Capital Employed (ROCE)
06/10/16 - Financial Performance
So often we read or hear in the media about the latest fast-growing business. Everyone seems to focus on the growth of the business but what is the real measure of business success? When I review the financial performance of a business, the primary measure I look at is Return on Capital Employed (ROCE). Generally, if this rate of return isn’t high enough it is usually a sign that some things aren’t quite right in the business.
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How to add thousands to your bottom line
06/10/16 - Financial Performance
Just like in our own household, waste costs the average family business tens if not thousands. However, the business owner doesn’t just incur the yearly cost, but the multiple of that cost when a business is sold.
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Three reasons businesses don’t have cash
06/10/16 - Financial Performance
There's an old saying - profit is opinion, cash is fact. That's because despite making a profit, some businesses still don't have enough cash to pay the bills. At the end of the day, a lack of cash will kill a business.
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Use your customers to fund your business growth: debtor financing explained
06/10/16 - Financial Performance
Traditionally thought of as a lender of last resort, debtor finance companies should not be overlooked as a source of funding for growing businesses, provided the business is profitable.
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Funding options available for innovative businesses
06/10/16 - Financial Performance, Growth, Innovation
The Federal Government has indicated that they are very keen to support innovative businesses. There are a number of funding options available by way of government grants for businesses that can meet the Government qualification requirements.
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Cash: can a business have too much?
06/10/16 - Financial Performance
I was recently asked by a client whether they were holding too much cash in the business. My answer was – it depends. It depends on a number of things as well as the reasons for the cash build up. There are economic, commercial, financial and structural issues to be considered.
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Three key ratios for business success
06/10/16 - Financial Performance
I'm often asked by business clients whether a certain dollar profit is good. My answer is always the same - it depends. The fact is, no one can tell you whether a specific dollar profit figure in isolation is a good result or not. It's just like asking someone whether the $1,000 in interest you received from the bank is a good return. You can't answer the question until you know how much they had invested in the bank - and so too it is with a business. I use three main ratios in which to assess the financial performance of a business.
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Key lessons for business owners from the Dick Smith saga
06/10/16 - Financial Performance, Growth
The recent collapse of the Dick Smith chain highlights the fact that no business is immune from potential catastrophe. But it begs the obvious question – how can a company as big as this and turning over $1.3 billion – a listed company – fail? No doubt we'll hear more in the months ahead as the receivers get to work. However, the lessons are the same for every business - from the corner store, to family businesses, to listed companies.
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Cash is king – 7 strategies to manage your cash flow
06/10/16 - Financial Performance
We've all heard the saying before: Cash Is King! But what does it mean and why is it so important? Cash is essentially the blood that pumps through the veins of a business and keeps it alive. In most businesses, both small and large, problems occur when their cash flows are managed poorly and cause both owners and their employees' significant stress. So in these more uncertain economic times, how does a business manage its cash flow to ensure its continued success?
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