Early Warning Signs & Symptoms of Bad Debt from Inside Your Business (Part 1)

 ‘It is health that is real wealth and not pieces of gold and silver” – Mahatma Gandhi

So, you want to find out if your business is healthy and successful?    A look at the Balance Sheet and the Profit and Loss Statement at the EFY can certainly provide us with a good overall view of what is happening in our business. But there are other tell-tell signs which would warn us sooner of impending cash flow and debt problems!  Unless, we specifically look for these signs they are hard to recognise.  It turns out, that by proactively monitoring and analysing information related to your unpaid debt and by recognising early bed debt symptoms; you will be doing one of the best self diagnosis of the health of your business.  Continue reading

Credit Reporting Important Updates

For all businesses and consumers in Australia, this is a very important update regarding credit reporting changes and new regulations. 

From 12 March 2014  new information can be included on your credit report as part of changes to Australia’s credit reporting system. This new system, known as comprehensive credit reporting, is good news as it will give Australians more power to demonstrate their credit worthiness and manage their credit profile.

What new information can be included on my credit report?

Information about credit accounts you have with credit providers including: Continue reading

Christmas Joke

 

Wising you a Merry Christmas and a joyful festive season! 

At a monastery high in the mountains, the monks have a rigid vow of silence.  Only at Christmas, and only by one monk, and only with one sentence, is the vow allowed to be broken.

One Christmas, Brother Thomas is allowed to speak and he says, “I like the mashed potatoes we have with the Christmas turkey!” and he sits down. Silence ensues for 365 days. Continue reading

Business Communication Jokes

“You can have brilliant ideas, but if you can’t get them across, your ideas won’t get you anywhere” – Lee Iacocca 

This is a very funny story about business communication.  We thought you might like it too.

Memo from CEO to Manager:


Today at 11 o’clock there will be a total eclipse of the sun. Continue reading

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26 MARCH – 30 MARCH 2013 (USA Pacific Time) Continue reading

Joke of the Day: How to Make More Money in Your Business?

“Do not take life too seriously – You will never get out of it alive!” –  Elbert Hubbard 

 JOKE OF THE DAY:

When the expensive photocopier in the office began to print black lines on every page, the office manager called a local repair shop where a friendly man informed him that the unit probably only needed to be cleaned. Because the store charged $100 for such a service, he said, the manager might try reading the manual and doing the job himself.

Pleasantly surprised by his candor, the office manager asked, “Does your boss know that you discourage business?” Continue reading

#1 Secret of Every Success – Self Motivation!

What to do when everything you do seems to be  failing? 

#1 Secret of Every Success is  Self- Motivation!

We all experience times of adversities and big challenges.  The difference between a great fall and a great success is the amount of motivation you find in yourself and build it up to take over the challenge!

Motivation gives us clarity and empowers us.  I would like to share this little video with you – I find it inspirational.   If they can overcome it and excel – so can you!

Find How Your Business Really Compares to Others?

“Whenever you find yourself on the side of the majority, it is time to pause and reflect.” – Mark Twain     

‘Good Bad Ugly Business Fitness’ research is one of the largest and longest running study and provides invaluable benchmarking data about the Australian businesses. Each year it is read by thousands of businesses and is used by many as a key reference document in their strategic planning process. It contains a list of average key performance indicators for businesses that is extremely useful to find out how your business compares to others and what your current overall business fitness is.

From 2011 business study it is well-documented that effects of the Global Financial Crisis have continued to impact all businesses on some lever of their operations. Continue reading

Debt – Fastest Way To Get Out Of Debt – Attitude!

“Don’t be afraid to give your best to what seemingly are small jobs. Every time you conquer one it makes you that much stronger. If you do the little jobs well, the big ones will tend to take care of themselves.” – Dale Carnegie 

Are you searching how to solve your debt problems?  By now I guess, you are startin to realise that your debt problems are connected to your other problems?  … The common thing in all that is … YOU!

The secret in overcoming any obstacle is in the right mindset and attitude.  I would like to share below some of the beautiful and empowering quotes that I find inspirational when I am facing big challenges.  I hope they inspire and empower you too! Continue reading