How do you find out what your compeitor is doing?

Calculation of debtors days is the first step to improving your cash flow. Go through the formalea to calcualte the debtors days.

A novated lease is a good option for employers to offer their employees.

Creditors are important, pay them within their terms of trade

Imagine you knew exactly who your prospective clients are, where to go to find them and exactly what it is they want.Imagine having a highly responsive list of prospective clients who were hungry, ready and able to pay for your services.

Customers that receive good service will tell a couple, while customers that receive bad serivce will tell at least seven people.

Employee Review

Regular employee reviews are an essential part of human resource management. They provide an open forum for both the manager and employee to air concerns, review current performances and set new targets for the future.

Employee reviews do not always have to be pay reviews, but rather can be a review on performance and future directions.

Failing to plan is planning to fail.

Succession Planning

The average age of small business owners is increasing. According to the April 2004 CPA Report "Small Business Succession and Exits", 30% of small business owners are now over 50 and this percentage is increasing every year.

As increasing numbers of small business owners reach retirement age, succession planning is gaining prevalence and owners in their early 50's should start considering appropriate strategies for their exit.

Some business owner's exit strategies include trade sale, passing the business on to family members, liquidation or sale to management or staff. However, the most popular strategy for business exit is to advertise the business for sale without identifying a buyer.