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TIMES ARE TOUGH: BUT IS IT YOU OR THE ECONOMY THAT'S THE PROBLEM?

The latest ASIC figures on company failures show a progressive ten year increase in the number of reported insolvencies. Over the 2014/15 year 20,018 companies in Australia were declared insolvent. While this was down from the 2013/14 figure of 22,600, reported insolvencies in the Northern Territory actually increased 52% from 57 to 87. Lots of […]

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BUSINESS PLANNING: HOW TO GET IT ALL ON A PAGE

One of the biggest failures in planning is not the quality of the strategies or actions developed but the lack of effective implementation. One page plans can solve this problem and the good news is they are not hard to do. One page plans can be developed in minutes and can be updated just as […]

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WHEN MARKETING SHOULD NOT BE YOUR PRIORITY

About a year ago I had a meeting with a business owner in the hospitality sector. Revenue was down, profits were down, debt was up and cashflow was negative. This person had reviewed and cut costs, entered into payment arrangements with suppliers and believed that the answer to the problems lay in better marketing because […]

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NOW - WHERE - HOW: A SIMPLE BUSINESS PLANNING TOOL

Planning for anything in your business can be a daunting process but it needn’t be. The NOW - WHERE - HOW process follows three simple steps that can guide you towards putting together a strategy to do almost anything from a simple action plan to a comprehensive business plan. Step 1: Start by asking where […]

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