What does Root Canal treatment and Virtual CFO have in common? image

What does Root Canal treatment and Virtual CFO have in common?

Nobody WANTS to get a root canal treatment. Until you’ve NEEDED root canal treatment you can’t possibly imagine the pain you experience prior to getting it done.    What starts as a tooth being sensitive to high and low temperatures or pain when chewing qui...

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Profit Metrics - Free download image

Profit Metrics - Free download

Profit Metrics is a must read for business owners looking to build foundations to grow a solid, sustainable, predictable business to 7 figures and beyond. Follow the journey of school-boy Billy Laker, from floor sweeper at Poppy’s bakery shop, to the worlds’ best pie make...

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3-Levers – Essential guide for increasing Profit $ image

3-Levers – Essential guide for increasing Profit $

July 15, 2020 - Ever wondered what expert Company Directors see in the financial statements that others can’t? How do they use a report full of numbers to dissect the performance of a business? They start with a quick look at the ‘result’, i.e. the Profit/(loss) then...

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Ongoing oversight to maintain high standards image

Ongoing oversight to maintain high standards

July 10, 2020 - Without anything or anybody to hold people accountable for maintaining high standards in an organisation, people will naturally gravitate towards things that they enjoy doing and are good at. (usually these two go hand in glove). The yard stick of productivity,...

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Revenue is vanity, profit is sanity but cash is KING image

Revenue is vanity, profit is sanity but cash is KING

June 26, 2020 - Cash flow management is where the current financial position, future performance and sustainability of a business all converge. It’s also the area that ‘exposes the rocks when the tide goes out, or put another way, it’s where the accumulation of problems th...

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Forecasting predicts (a) future image

Forecasting predicts (a) future

A rolling 12-month revenue forecast becomes one of the key leading indicators of the future, because fluctuations in profitability usually directly correlate with fluctuations in revenue. Given the high level of dependence on a forecast then, make sure you evaluate strategic d...

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Why bother with Budgeting? image

Why bother with Budgeting?

June 25, 2020 - A budget is your businesses future focused plan or projection of how to control costs and earnings, based on what you know – now. It maps out the expectations of what the company aims to achieve and is recorded in a document or documents. It encourages business ...

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There is more to strategy than just talk image

There is more to strategy than just talk

June 24, 2020 - When discussing strategy, an un-costed idea is just that – an un-costed ideas. Until you have put the effort into building a financial model to show the financial outcome (as a discounted cash flow calculation) of the ideas, then you cannot call it a complete st...

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The Business of Architecture image

The Business of Architecture

The essence of managing a successful architectural project is delivering what the client expects, on schedule and within budget. Essentially profitable firms all need to manage people, projects and profit well to succeed –this is my ‘take’ of the 3 big issues within the ...

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Reporting gives you feedback on strategy image

Reporting gives you feedback on strategy

Strategy starts at the top with a vision and that comes from the founders. You cannot buy a vision from off the shelf and too often, people confuse thinking tactically with thinking strategically. The two terms are not interchangeable. Strategy rolls downhill from the Vision and ...

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Strategy brings a lot of businesses unstuck image

Strategy brings a lot of businesses unstuck

June 22, 2020 - You cannot be all things to all people. By adopting a strategic position, deciding to be either a cost leader or to differentiating yourself, the aim is to emerge with a sustainable competitive advantage over other competitors in your sector. I think many busin...

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Reporting is the foundation of Reliability image

Reporting is the foundation of Reliability

June 18, 2020 - Every owner wants peace of mind from having a reliable and predictable business. Reporting is the foundation of the – reliability element of business management. Reliability in reporting means routinely being accurate, verifiable and complete. Reporting i...

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The 1-Page Management Report image

The 1-Page Management Report

I have always worked on the principal with management reporting, that if I was down to my very last sheet of paper and my life depended on it, how would I convey the right message to the decision makers. In this respect reporting is highly creative. Management reporting, t...

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When will it be safe to ‘return’ to work image

When will it be safe to ‘return’ to work

May 8, 2020 - Wondering when we are going safely ‘back to work’ is on everyone’s mind and people are having mixed feelings. For many the fear and trepidation of catching COVID 19 is paralysing, whilst others are really missing the interaction as the novelty of WFR wears off...

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Who’s going to make next-Gen ‘job ready’? image

Who’s going to make next-Gen ‘job ready’?

April 28, 2020 - This topic about getting our next generation of accountants ‘job ready’ always generates some great debate. There’s never a shortage of comments from within the accounting industry, the professional bodies and the universities with a view of who’s resp...

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Nothing ever goes to plan image

Nothing ever goes to plan

Your Budget is a plan. The thing about plans, everyone knows is……. nothing ever goes to plan. I’ve heard people say “We spent a bunch of time doing a budget up – surely that’s good enough?” I say, “Only if each step of the way things remains identical to t...

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Revenue Forecasting image

Revenue Forecasting

April 14, 2020 - Service businesses have a high proportion of fixed and non-discretionary running costs. Because if this a rolling 12-month revenue forecast becomes the key leading indicator of the future, because fluctuations in profitability usually directly correlate with f...

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Survival and starting again image

Survival and starting again

April 14, 2020 - As the twin crisis takes it’s grip on SME business, desperate owners are turning to their trusted advisors. Broadly, there are 2 separate problems they want answers for: How to survive and how to start again. For many immediate survival is centred around...

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<div>Tough times call for tough action – do you need to cut your CFO back to P/T?</div> image

Tough times call for tough action – do you need to cut your CFO back to P/T?

March 23, 2020 - Let’s face it, if you are operating a business that all of a sudden has found itself in a struggling industry, the only way you will survive is to mitigate by drastically cutting costs. Miti-gate or close-the-gate. There is no magic wand. Your CFO isn’t go...

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The Ultimate in validation for virtual working image

The Ultimate in validation for virtual working

In the midst of the news of the federal and state government’s dramatic social distancing measures to reduce the infection trajectory of the COVID-19 curve, remote working has become the new norm. Now every CFO is now operating as a Virtual CFO. I understand too well how sad...

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Trevor the Truckie and the benefits of a Virtual CFO image

Trevor the Truckie and the benefits of a Virtual CFO

March 18, 2020 - Training Wheels Trevor had a love of trucks going right back to when he was a small child. His family had grown up in a small country town located about halfway between 2 capital cities on a main interstate highway. The town was better known as a change-over...

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Harry the Architect and the benefits of a Virtual CFO image

Harry the Architect and the benefits of a Virtual CFO

March 18, 2020 - Everyone starts somewhere Harry was a very talented young architect. His fascination with drawing buildings started as a kid. Throughout school he continued his passion and did very well at tech-drawing. This led him to enroll in Architecture at University. ...

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