Helping small businesses on the Sunshine Coast to fulfill their true potential
By BMN
Experience at PwC suggests that there is a huge gap between the wealth and the health of many families running family businesses. The following article discusses what makes a truly successful family business: http://www.afr.com/news/special-reports/the-aspire-series/money-not-only-measure-of-family-business-success-pwcs-david-smorgon-20160311-gngoqk
This article was suggested by our mentor David Metherell
By BMN
As your business grows and matures, opportunities arise to become more efficient and to reduce costs…and that’s a good thing!
During these times (and particularly when growth is slowing) the temptation can arise to trim costs in areas which affect the product or the customer in ways which can have a detrimental impact longer term. This article offers some helpful guidance in this area : http://www.earlytorise.com/the-secret-of-incremental-degradation/
This article was suggested by our mentor David Metherell
By BMN
The majority of small to medium sized businesses (SMEs) are not sale ready to take advantage of maximising the sale price when they sell. The following article provides five tips to consider prior to selling a business: http://www.dynamicbusiness.com.au/featured/smes-are-not-sale-ready.html
This article was suggested by our mentor Julien Cahn
By BMN
One of the most telling findings from the latest Scottish Pacific SME Growth Index report was that only one in five small business owners review their lending requirements on a regular basis and one in two have not reviewed their primary bank relationship for some years. Read the following article to find out four tips to take control of your banking destiny: http://www.smartcompany.com.au/finance/48530-four-tips-for-small-businesses-to-take-control-of-their-banking-destiny.html
This article was suggested by our mentor Stephen Lovegrove
By BMN
If a business is not strategic about implementing cost reduction measures, and recklessly downsizes its product offerings or processes, it could damage relationships with clients, reduce productivity and drive down revenue. Most businesses can, however, improve profit margins without having an adverse effect on the business, through focusing on operating efficiency, reducing unused capacity and getting rid of services that customers don’t value. Read more in the following article: http://www.smartcompany.com.au/sponsored/48268-maximising-profits-without-the-slash-and-burn-approach.html
This article was suggested by our mentor Stephen Lovegrove