WE HELP BUSINESSES GROW STRONG

Accounts

Sales and Accounts – Divided by Common Language

It won’t help to speak louder and slower to the accounts team, it will not help at all. You need to be …

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Make sure your spreadsheets don’t add up to a hill of beans

Have you ever been shocked by your credit card statement? Surely you didn’t use it that much? How did three cheap lunches, …

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Is it all in your head?

Trying to keep on top of everything is hard enough at the best of times but Covid has made it even harder. …

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How To Do A Cash Flow Forecast

A weekly cash flow forecast is one of the most important tasks you can do in your business. Lots of businesses have …

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WE HELP BUSINESSES GROW STRONG

Will There Be a Lot More Doggie Day Cares?

I have always said that once you get to be an outside cat it’s very difficult to go back to being an …

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Xero Is Great Software: Not A Magic 8 Ball: You Need to Forecast

“No HAL 9000 Series Computer has ever made a mistake..” 2001 A Space Odyssey is a great movie to revisit if you …

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Talking to the Tax Man about Poetry – Why you should buy a business

There is an old saying that if you listened to your accountant you would never buy a business but also never sell …

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Who Gets Options? Just The People WIth Other Options?

If you have ever gone down the employee share option plan (ESOP) rabbit hole you might never want to again. Everyone you …

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Not Every Problem Is A Job Vacancy

“To the man who only has a hammer, everything he encounters begins to look like a nail.” Maslow. I imagine one of …

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Will Employment As We Know It Cease To Exist?

When television first took off in America it was widely assumed that radio and newspapers would die out. In the 1990s the …

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A Smooth Sea Never Made A Skilled Sailor

One of my clients is talking about putting a new hire on hold because of the Sydney lockdown, not the only one …

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Too Many People In Accounts?

Everyone always talks about the rent, perhaps because it’s a big percentage for individual households, but for most office based businesses it’s …

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If It Ain’t Broke Don’t Fix It – And Other Rules of Thumb

In a previous blog I asked you to think about what sort of car your business was, I imagine you didn’t say …

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Margins Are King Makers – Cash is the Consequence

The origin of “cash is king” is not clear. It was used in 1988, after the global stock market crash in 1987, …

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The Future Is Always Uncertain

Your management reports need to be an accurate insight into the performance and health of your business but they also need to …

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What Sort Of Car Is Your Business?

Even if you are bored by cars this is a great question marketing people ask to find out how a brand is …

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You Need Belts and Braces When You Stop Eating Pies

If you want your business to be lean and mean make sure it’s pants don’t fall down.  You have probably heard the …

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How To Cross The Business Desert

A shout out to our mates on the other side of this desert country. Hopefully we get to see you all soon. …

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Your Business Shell Should Grow With You

When your business is just starting out it can grow fast in different ways. If you are used to working for a …

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Bakers and Candlestick Makers Are All Niche These Days

There is a vegan butcher in Newtown Sydney. I love that. For a while now retail has been splitting between cheap bulk …

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Where Does The Money Go?

Cash comes and goes without much of it going to you. Sound familiar? Most businesses focus on profit, as well they should, …

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3 Reasons Why HR Should Manage Payroll

A while ago I wrote about how employee utilisation is an HR problem not an accounts problem and it got me thinking about …

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Don’t Wear Shorts – Study Hard at School – Get A Good Job

The golden years for employees and thier families was after WW2. Most workers in the developed world earned enough to raise a …

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Don’t cut out the middle man

People are told to “cut out the middle man” like its a good thing, but specialisation is what allowed us to stop …

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How many lead guitarists does it take to change a lightbulb?

  ….. One, but I could have done it better”.   Most accountants think they are good at management reports, and that’s …

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Everyone Blames The Boss

You have a million important things to do, and keep getting interrupted, it’s almost lunchtime already, and then an employee wants to …

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Why Some People Are Doing Well Right Now

One of the reasons the Victorian English were annoyed by Charles Darwin is because he challenged their idilic view of the countryside; …

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Get The Jump On Next Year

Everyone is so bloody exhausted by 2020, it makes it very hard to think ahead, but the holiday break is a great …

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How To Swing From Vine To Vine

It’s been a rough couple of years, when is the best time to put someone on? Even before COVID things were not …

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Do This if You Want to Keep Working From Home

The reason some bosses hate the idea of you working from home is they think you are going to slack off. Being …

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Timesheets Are Even More Important Now

One of the best things about working in the city is being able to get out for a run at lunchtime. A …

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Reduce The Number Of Moving Parts

A 4WD enthusiast told me that he wouldn’t trust a fancy new electric ute. What if it broke down in the outback?   …

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People Are Your Biggest Possibility

My Octopus Teacher on Netflix blew me away. It is so beautiful, I absolutely recommend it. It’s a lovely view of lessons from …

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A Lifestyle Business Should Not Be Difficult

It seems everyone wants to grow their business at all costs, to be the next Atlassian. But trying to do that can …

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Old Ideas About Admin Work Are History

Even today people continue to talk about the difference between strategy and housekeeping in business. I catch myself doing it sometimes and …

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How Do I Know When Can I Employ Someone?

Anyone who runs a service business knows the feeling, a constant concern about balancing the amount of work on and knowing when …

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Living With Constant Disruption……

It wasn’t that long ago that we were discussing the end of jobs for life. How we would need to retrain a …

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How Much Money Are You Really Making From SaaS Sales?

How do you know if you’re making money from your SaaS sales? It’s easy right? If you sell it for more than …

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Why You Don’t Need Accounts Staff Anymore

If you have to spend money on compliance, try to get some value from it. Bookkeeping and tax definitely fall into that …

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How To Do What You Love And What’s Good For You

There is no end of advice out about how to be more productive, to get more things done in your day. But …

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No One Eats Just Cake – Have Your Cake On Top

Do Not Only Eat Cake It’s absolutely fine to put high-value, time-based, consulting work on top of your standard products. That suits …

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Which Income Stream Is Making You Money?

We often recommend better management reporting, but also, the equally important, regular time put aside each month to review and interpret the …

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Is Your Business Lumpy? Is It Going Downhill?

Is your business really lumpy? Or is it just the accounts? And if so, is it, beneath all that distortion, having problems? …

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Beware The Budget Loch Ness Monster

In last week’s blog entry I talked about how what might appear to be a lumpy business is more often just lumpy …

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Who’s Who In Your Business Zoo?

Most people only have a limited number of different tasks to perform each day. If they are delivering work for clients, their …

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Do You Know Where The Day Goes?

Time flies – but it can also sink you. So how do you better control it? Usually only people that bill by …

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Strategy Vs Housekeeping

Some things have to get done – else they will come back to bite you later – but they won’t necessarily grow …

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How To Write A Budget Paper

If you have to present a budget paper to your Board and/or investors it’s a good idea to provide a document explaining …

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Design The Life You Love

Check out “Design The Life You Love” by Ayse Birsel. This is a great read for business owners. Especially the consideration of …

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Why It’s Better To Be Slightly Resource Constrained

Human beings work better with constraints and we are usually not very good at restraint. Constraints drive better creative solutions, plus we get …

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Podcast Interview With Leigh Dunsford @ Waddle Loans

I recently did a podcast interview with the very cool Leigh Dunsfield from Waddle Loans Check it out https://soundcloud.com/waddlepodcast/thomas-taylor-t2-consult-podcast

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Focus On The Large And Variable – Not The Small And Predictable

If you have a 30 June year end you’re probably putting the finishing touches on your annual budget. If you are, it’s …

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How Will Automation Affect Your Clients?

We mostly work with businesses that have really big clients, it seems to be the thing that defines us. And most knowledge …

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It’s What’s Up Front That Counts

There is that old saying that “if you what to improve something, first measure it”. And if you really want to know …

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Should You Keep Staff Salaries Secret?

I remember being told at my first university economics lecture that we have to assume human beings always make rational choices. That …

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Should You Sell To One Of The Big Guys?

Is running your own show is the best way for you to grow? One option might be to join up with a bigger …

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Why Overdrafts Are Rubbish

A while ago I wrote about why you should bootstrap for as long as you can noting… “Apart from the obvious benefits of having …

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You Should Probably Charge More

The world seems to be splitting into extremes. Amazon and the like are wiping out traditional retail, luxury retailers are doing fine, …

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What Usually Happens To A Small Business As It Gets Bigger

There is something that I think happens at a particular stage in every growing company. The time you realise you don’t know …

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How To Separate Strategy And Housekeeping

Those mountains aren’t going to climb themselves and you need a good base camp or your best-laid plans will fail. Absolutely make it …

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How To Cherry-Pick Good Ideas From Big Corporates

We all know about economies of scale for big businesses, and of course, there are major diseconomies too. Otherwise small business would …

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Back To Basics – A Checklist

Does your billing/front office system equal the accounts each month? If not you might have a black hole. Regardless, you won’t know …

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It Will Be The End Of The Year Before You Know It

These years just keep getting faster… Right now you’ve hopefully had a lovely break and thinking that getting stuck in can probably …

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You Should Have Your Numbers On The First Day Of The Month

If you’re doing all the cool things like continuous billing, accruing and prepaying expenses, twice monthly salaries, something like ReceiptBank for automated accounts payable …

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Why You Should Outsource Your Bookkeeping

One of the best ways to waste time and/or money is to do your own bookkeeping in-house. But we all do things …

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Where Your Sales Come From

There are four ways to grow B2B sales. New Clients from Inbound Marketing A lot of people think that businesses that don’t …

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Think Broadly About Solving Problems

We often put up with sub-optimum solutions. Things we’ve always done a particular way; ways that mostly just waste time and cause …

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How To Set A Growth Target For Your Business

We all know that we need goals, and unless you measure something it won’t improve, but don’t get too stressed out about …

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It’s Time To Change Your Old MYOB Files To XERO Before 30 June

Give us a shout if you need a hand getting ready to change over to Xero at 30 June.   It’s good …

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Our Growth Almost Killed Us

I had a great question put to me the other day. You often hear of companies saying “our growth almost killed us” …

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How To Make Your Business Sustainable

When we assess a business for financial security and sustainability the following is what we look for. The big one is recurring …

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What I Learnt Working In A Hotel

Hotels have a magic number that they all aim for. That number is 80% occupancy. The percentage of available rooms occupied each …

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Add Sensible Spinach To Your Smashed Avocado

Add Sensible Spinach To Your Smashed Avocado Thomas Taylor – Monday, May 21, 2018 We’ve changed our name. We are now Green Spinach …

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Accounts Not Getting Important Things Done? Are They Overworked Or Overwhelmed?

Accounts staff will often tell you they’re too busy when you ask them to do something new. I get it thats annoying …

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Exit Stage Left

There might be 50 ways to leave a lover, but not many ways to leave a company that you have built. And …

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You Need Meat And Gravy

These days, for most businesses, it’s all about recurring revenue. A lot of Real estate agents aim to fund their basic operating …

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Are You An Industry Player, Or A Market Player?

Guest Post by Raz Chorez In over a decade of consulting, I’ve learned to take nothing for granted. I don’t assume as much …

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Are You Bundling Services?

These days smart firms are forming their service offerings into bundled products that better align with and meet client needs. Once upon …

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How To Manage Margins In Professional Services

To manage your firm, you need to know the most important ratios. Utilisation is by far the most important for most, but …

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Are You Eligible For A Small Business Grant?

The NSW government is giving small businesses in NSW a grant of $2000 if they employ new full-time, part-time and casual workers …

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How Will Automation Effect Your Business?

Remember when cruise control was just on flash cars? When a Mercedes stunt to demonstrate automatic emergency braking went terribly wrong and …

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Reduce Risk During Rough Times

Humans have an innate tendency to take more risks when we are under pressure. Put what’s left on a horse race, kick …

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Your Time Sheet Needs To Add Up To A Whole Day

This is for all the people that use timesheets. There is an old accounting saying that if something is out by only …

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Can All This Technological Disruption Work In Your Favour?

All those trend setters, not following traditional business models, have the opportunity to build a modern, agile and flexible businesses unimpeded by …

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You Own The Profit

Happy New Year all. I hope you had a great holiday if you managed one. Fresh for a new year and, like …

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Why You Should Have An Advisory Board Meeting Every Two Months

The most successful businesses I’ve worked with have all had one thing in common, they all had some sort of advisory board. …

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Do You Have Enough Cash For January?

I know everyone is flat out right now but it’s a really good time to do a cash flow forecast and make sure …

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The Debit Is Near The Window

That’s an old accounts joke. It’s only funny if you’ve ever struggled with an accounting course. And everyone does when they first …

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Competitive Advantage Is Being Good At Things Other People Think Are Too Hard

The Dalai Lama said “It is under the greatest adversity that there exists the greatest potential for doing good, both for oneself …

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Why Businesses Fail

We like saying we are no smarter than anyone else but we get to see inside a lot of businesses at the …

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You Should Plan For Blue Sky Too

Scenario planning is something that makes perfect sense but a bit daunting to tackle for a lot of people. An easy way …

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How A CFO Adds Value To Your Business

Have you noticed that there seems to be a bunch of new Outsourced CFOs about? This is a great thing, I think …

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Why Finance Dashboards Never Work

Leaders do vision, they are responsible for the strategy, and then they facilitate the actions everyone needs to take to make the …

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The 3 Reports You Need To Run Your Business

I’m writing this on a public holiday, the sun is shining and, after this, the dog and I are going for a …

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Suzzie Used To Be A Chef – She Helped A Friend With A Dinner Party

It was years ago now, and before I met her, but Suzzie M told me a great story about how she helped …

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How Many People Do You Need In Accounts?

We’ve all heard it before … “there are too many people in accounts”….. but first a detour via refrigerators. Hang in there, …

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Why Middle Office Is Probably Holding You Back

You’ve most probably heard of middle office and decided it was a banking thing designed to try to stop dealers going off …

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Never Outsource Your Future

We are huge fans of outsourcing repetitive processes for SMEs, particularly processes that respond well to economies of scale. Things that get …

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Welcome Results Both Good And Bad

Thomas Taylor – Sunday, August 04, 2019 The other day I heard a scientist say there is no such thing as a …

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Accounts Can’t Fix Utilisation – Its A People Problem

I keep banging on about how people send things to accounts just because it has something to do with adding up numbers. …

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