Business Wisdom

Cash Is King – Video

Thumbnail image for Cash Is King – Video by Arnold Shields 24 January 2012

As the economic conditions change improving your cashflow will become vitally important for all businesses. The speed at which you convert profits into cash will determine whether businesses will survive in the tough economic conditions ahead. The crisis in Europe and the structural changes in the Australian economy brought about by the mining boom and the high Australian dollar will [...]

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What You Can Measure, You Can Manage for Lawyers and Business Owners

Thumbnail image for What You Can Measure, You Can Manage for Lawyers and Business Owners by Adam Giliberti 18 January 2012

One of the difficulties I have as a business advisor is to persuade business owners to spend less time working in their business and more time working on it. This can be a scary proposition for many business owners, particularly those with deep expertise and experience in the product, market or industry they operate in as they feel that no [...]

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Cash Is King – Improving your Cashflow – Webinar

Thumbnail image for Cash Is King – Improving your Cashflow – Webinar by Arnold Shields 18 November 2011

Join us for a Webinar on November 24 This month, we are going to discuss the main topic on every business owners mind – cashflow and how to get it in your bank. With the uncertain economic times ahead – who knows what will happen in Europe – managing your cashflow is going to vitally important for every business. In [...]

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Interest Rate Cut by Reserve Bank

Thumbnail image for Interest Rate Cut by Reserve Bank by Kara Peachey 4 November 2011

The Reserve Bank’s decision to lower the cash rate by 25 basis points to 4.5% aims ‘to deliver an added boost to confidence’. Why was there a rate cut? Global financial markets have recovered somewhat from the turmoil of recent months. Australia’s terms of trade have now peaked and will decline somewhat in the near term, but they remain very [...]

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What is Small Business?

Thumbnail image for What is Small Business? by Arnold Shields 24 October 2011

Whilst there are many definitions of small business, one of the most appropriate definitions and one that resounds with small business owners themselves is: “a business in which all the critical management decisions are made by one or two people without the aid of internal specialists” Many academic papers and research in an attempt to distinguish between small and medium [...]

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Debtors Days Explained – Video

Thumbnail image for Debtors Days Explained – Video by ArnoldAdmin 19 October 2011

A quick Dolman Bateman Business Tip. Debtors Days is an important accounting ratio and   key performance indicator (KPI) that provides you with an easy to understand statistic of how many days your debtors are outstanding. So the quick calculation is trade debtors divided by sales x number of days eg 365. If you are measuring annual sales then the [...]

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Oz Online Retail To Reach $37 billion – Is Your Business Online?

Thumbnail image for Oz Online Retail To Reach $37 billion – Is Your Business Online? by Arnold Shields 18 October 2011

A recent report commissioned by Paypal has forecast that online retail will reach $37 billion in Australia by 2013 and the forecast growth rate is 12.5% per annum. There are tremendous opportunities for traditional retailers to expand their traditional markets from beyond their geographic area to throughout Australia and even export markets. A successful online business is more than just [...]

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