Improving Your Business

As we near the end of another year, it is a great time to start thinking about your ‘Strategies’ and how you will ‘implement’ your strategies in 2024. Let’s start with these questions… How is your business going? Are you happy with the profit...

Welcome to “IMPROVING YOUR BUSINESS” a message from Peter Towers, Managing Director Towers Business Development Pty Ltd an experienced Accountant, Chief Financial Officer, Company Director, Company Secretary, and Business Coach.  Details of t...

Welcome to “Improving Your Business” a message from Peter Towers, Managing Director Towers Business Development Pty Ltd an experienced Accountant, Chief Financial Officer, Company Director, Company Secretary, Business Coach. In this edition we co...

Welcome to “Improving Your Business” a message from Peter Towers. In this edition we discuss three of the key components of “Creating Value” for a business, company, charity, Not-for-Profit or sporting organisations: Goals “Assets” “Metrics”...

Cash Flow – Projected Balance Sheets – Forecast Modifications during the Year (Rolling Forecast) are all part of the PREDICTIVE ACCOUNTING PROCESS. In Part Two of “Budgeting Is Important For Businesses, Charities And Not For Profits”  we com...

Unfortunately, many business operators do not have a Budget. There is a fairly common complaint that accounting firms do not prepare Budgets for clients.  However, there are accountants and consultants who are happy to prepare Budgets for SME...

Think About The Entire Process  Many SMEs set out with a vision to develop a product, process, service or some other business activity. Unfortunately, some people have not considered the entire process in their initial thinking. An appropria...

Creating Effective Foundations Unfortunately, some businesses commence with a great flurry of activity and quickly build up to turnover above $30 million and about 70 employees, then things seem to go wrong. Why? Running a business is not a spri...

A Research project normally starts with an ‘idea’.  Someone has a yarn to the manager and asks why something could not be done differently. If management thinks that the idea might have some value, a small team may be formed to undertake som...

CROWD SOURCED FUNDING ASSISTS ORGANISED COMPANIES Crowd Sourced Funding Equity Raising is a great way to raise funds for a company, if the Directors and Leadership Team have developed a vision that can be articulated within the Business Plan and ...

INNOVATION REQUIRES BUDGETING Budgeting is part of the “Predictive Accounting Process”, which is very important for all business operators, particularly businesses that are contemplating undertaking the “Innovation Journey”. Why? Business opera...

Thomson Reuters has released an interesting White Paper, Leading Australian SMEs in 2023s Changing Economy, which has some interesting information for all business people. “Throughout our interviews, a number of ominous words were used to describ...

Business Plans are like maps for tourists – if you don’t know where you are going how are you going to know when you get there? Last week we commenced discussing some of the subject headings that could be included in a Business Plan for an establ...

Business Plans are like maps for tourists – if you don’t know where you are going how are you going to know when you get there? The purpose of a Business Plan is to take some time out from the normal day-to-day activities of a business and to sit...

As more SMEs set their sights on “scaling up” their business operations to increase turnover, profitability and the value of their business, there will be an increasing awareness of the benefits that experienced accountants, performing virtual Chi...

Queensland Regional Small Businesses Grant Sure To Be Popular! Applications for the “Business Basics Grant” targeted at small businesses operating in regional Queensland with turnovers under $300,000 in 2020/21, opens on Wednesday 8th September 2...