Insights
The problem with only speaking to your accountant when you pick up your tax return
As a business owner, when was the last time you spoke to your accountant? If it was the day you picked up your tax return in March, your relationship with your accountant is a lost opportunity. Historically, accountants are publicly perceived as the ‘tax guy’ or auditors & only consulted… Read More
Why Your Business Needs a Revenue Plan
Any successful business owner will advise ‘you need a plan’; a business plan, a marketing plan & even a revenue plan. A revenue plan will be the foundation for your businesses other planning efforts.  In its simplest form a revenue plan is, ‘what do I need to sell to generate… Read More
The reality of cutting costs versus developing a revenue plan
The ‘Gut’ reaction when a business isn’t profitable is to cut costs. The unintended results of cost cutting may be reduced product or service quality, cash flow shortages or further erosion of profits & margin. Let’s take a ‘widget maker’ with two or three employees. He is looking for a… Read More
Are you getting your critical business information in real time? Part 2
Every successful business has its finger on the pulse of its financial information. Business owners need to know their key numbers, revenue, closed deals, cost of goods sold & not the numbers in last year’s tax return & financial statements. Last year’s information is out of date. Businesses need today’s… Read More
Are you getting your critical business information in real time? Part 1
Every successful business has its finger on the pulse of its financial information. Business owners need to know their key numbers, revenue, closed deals, cost of goods sold & not the numbers in last year’s tax return & financial statements. Last year’s information is out of date. Businesses need today’s… Read More
Starting a Business requires more than an idea, you need a business plan.
Starting a business requires more than an idea, you need a plan. You may have invented this century’s post-it note, but if you can’t figure out how to get it into your customers hand & make a profit at the same time, what’s the point! The last time I wrote… Read More
Surprises of Starting a New Business
Starting a business isn't easy. I found that out quickly over the last six months as I ramped up for the day I rolled out my new venture Bodhi Business Advisors. Read More