Towers Business News, Blogs & Posts

As we near the end of another year, it’s 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? ...

Innovation is very important for all businesses, however it is also important that it is planned, researched and that funding is available. Many SMEs set out with a vision to develop a product, process, service or some other business activity. Un...

This is the second segment of the ‘Industry Growth Program’ that the Federal Government announced a few days ago. The ‘Commercialisation and Growth Projects’ can attract a government grant of $100,000 – $5million on a 50-50 basis. These grants ar...

Funding for Early-Stage Commercialisation will normally relate to activities beyond the initial R&D activities will be able to be applied for by companies with turnovers less than $20million, as part of the ‘Industry Growth Program’. Projects...

The ‘Industry Growth Program’, which replaces the ‘Accelerating Commercialisation Program’, was launched yesterday. The grant supports innovative SMEs, with turnovers under $20million, undertaking commercialisation and or growth projects within t...

A “Scaling Up Company” is a fast-growing business which requires a leadership team accepting responsibility for the implementation of the “strategies” that have been authorised by the CEO. It is not a job for one person! CEOs need to ensure that ...

“Scaling up” a company is very difficult. Verne Harnish indicated in his excellent book “Scaling Up” that creating a “truly differentiated strategy” is one of the four key items that the directors and CEO need to ensure has been implemented within...

Fast-growing companies that are “scaling up” are exciting, however they can encounter “tough reality checks” along the way. These types of companies are the subject of an excellent book “Scaling Up” by Verne Harnish. In “Scaling Up”, Harnish mad...

Best practice – prompt accounts! If your company’s vision is to “scale up” operations, one important practice that you should adopt is to ensure that the company’s financial accounts are prepared promptly at the end of the financial year. Our re...

All businesses that are “scaling up” need to ensure that accurate financial accounts are prepared each month, fully reviewed by the leadership team and then submitted to the Board of Directors or Board of Advice for consideration. At the end of e...

It’s very difficult for “one man or woman” to effectively run a fast-growing company. Systems which are often known as “drivers” need to be put in place, to ensure that everything does not depend on one individual. It all starts with the labour ...

Well-managed businesses plan and budget, for sales, expenses, R&D, patent applications, cash flow and growth. Unfortunately, a large number of businesses do not plan for succession. There are many reasons why succession should not be ignored...

Venture capital is a form of private equity financing, where investors provide funding to start-up companies and small businesses that exhibit long-term growth potential. Venture capital generally comes from well off investors, investment banks a...

If your company is attempting to raise capital, you need to be able to demonstrate the potential to generate the revenue and profit levels shown in your budgets. A compelling offer includes commentary on a range of issues: Identifiable customers...

A company seeking to raise capital needs to have developed strategies relating to: …development of the business model and as far as possible proving that model. …a solid business value execution plan which is incorporated within the Business Pla...

The BUSINESS PLAN is the first document that a potential investor reads as part of the company’s capital raising process. This means that the business plan has to contain all of the key information that enables the reader to understand the Direct...