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Tag: Financial Management

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Financial Mistakes Businesses Make

Privately owned businesses are not renowned for their astute financial management … and that is really quite absurd given that it is one of the fundamental reasons for being in business in the first place. This article looks at six big mistakes privately owned businesses make on the finance side of the business and why they make them … in order to help prevent them in future.

28th August 2017
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What’s Wrong With Stretch Budgets?

What’s wrong with stretch budgets? Some businesses think it’s a good idea to set a stretch budget as their main/only budget. That is completely wrong. This article explains why.

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1st May 2017
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Discussions Businesses Must Have, March to Early June

There are some extremely important discussions every business must have during March to early June, to make astute decisions and choices, in order to enter the new financial year well planned and ready for implementation. There are four requirements for each of the discussions listed below: All people within the business who have involvement with […]

20th March 2017
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Report Against Your Budgets

Every business / key person should report, in detail, against budgets, on a monthly basis. This Success Action outlines how it should occur.

6th April 2016
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Prepare Your Budgets

This action is applicable to EVERY business, irrespective of size, industry, ownership, financial expertise or anything else. If you have been someone who, in the past, has not seen the value in preparing and reporting against budgets, we urge you to think again and engage the process we will outline for you. Thinking such as ‘we can’t predict income in our business or industry’, ‘there is too much change going on to predict numbers’, ‘we are too small to budget’, ‘we don’t know how to budget’, ‘we don’t have time to budget’, or even ‘our accountant has never told us to budget’, are all flawed. Businesses fail and succeed on profit and cashflow, so not attempting to accurately predict financials is absurd and will also lead to a lack of planning and internal discipline. Even if you’re not convinced by that, at least try it for a year in the ways we will outline and coach for you, to experience the process and then evaluate the benefits.

1st April 2016
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What’s A Business Really Worth?

Business owners too often delude themselves by what they think their business is worth, without knowing the reality. The answer is ‘what someone’s prepared to pay for it’ and that is only known when it’s actually tested. This article outlines key considerations for business value.

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18th February 2016
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Changing Roles in Business (Audio)

Alan Rodway discusses the changing roles in business today

8th February 2016
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Changing Roles in Business

With broad and rapid change affecting industries and business more than ever before, one crucial aspect to be aware of is the changing roles in business. Some roles are becoming more important, some less important, some are changing, some are springing up and some are becoming redundant. This has implications for both businesses and individuals in their careers.

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3rd February 2016
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Don’t Waste Your Income (Audio)

Too many people work for years to earn significant incomes, only to never enjoy the benefits of the money. Alan Rodway outlines some of the key ways to manage income and wealth to best enjoy life.

23rd December 2015
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Don’t Waste Your Income

Too many people work extremely hard (and well) to earn significant incomes over many years, to not ever enjoy the fruits of their labour ... because they mismanage their wealth along the way. This article looks at how to be better at this.

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22nd December 2015
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