Business

14 Aug 26

Why Lifestyle Businesses Often Lead To Financial Stress

The Underlying Causes of Lifestyle Business Financial Stress Many small businesses begin as lifestyle ventures. Owners may start a café, salon, retail store, fitness studio or trade business because they enjoy the work, value independence and want greater control over their lifestyle. For many entrepreneurs, this approach offers personal satisfaction…

20 May 26

Cashflow vs Profit: Why Many Business Owners Confuse the Two

Many small business owners assume that if their business is profitable, everything must be financially healthy.However, one of the most common causes of financial stress in small businesses is confusion between profit and cashflow. A business can appear profitable on paper while still experiencing serious cashflow problems. What is Profit?…

21 Apr 26

The Hidden Cashflow Trap That Kills Growing Businesses

The Hidden Cashflow Trap That Kills Growing Businesses Growth is often seen as a sign of success. When demand increases, new customers come on board and revenue begins to rise, many business owners assume the future is secure. After all, more sales should mean more money in the bank. Unfortunately,…

09 Aug 24

Billson’s Brewery – what went wrong?

John and I first visited Billson’s Brewery in Beechworth just after Christmas in 2018. We were on a day trip to Beechworth with family from Albury. The sign to the brewery caught our eye, we left the main street and a couple of blocks away we found the brewery. We…

17 Jul 24

Unravelling the Epidemic: Why are so many Australian Businesses Failing?

In the vibrant tapestry of Australia’s economic landscape, a troubling trend has emerged – the steady decline of business health. Despite our reasonably robust economy and entrepreneurial spirit, an alarming number of businesses are succumbing to insolvency. From small startups to established corporations, the spectre of failure looms large, leaving…

21 Jun 24

ATO – what to do if you have a debt to the ATO?

Small and medium businesses have done it tough over the last 5 years. If you’ve made it through COVID, its likely you are still feeling the pinch. The current state of the economy isn’t helping SMEs, costs are skyrocketing and sales are going in the opposite direction. When things are…

12 Feb 24

The 10 Early Warning Signs a Business Is in Financial Trouble

Most businesses do not fail overnight. In many cases, the warning signs of financial trouble in a business appear months or even years before serious problems develop. Unfortunately, many small business owners are so focused on running the day-to-day operations of their business that these early signals are easy to…