Blog
“How much profit should I make?”
Making a profit is one of the fundamental elements of running a business. It means the business is sustainable in its own right, can provide employment, which allows employees to earn a living and pursue their own dreams and aspirations. But the question is often asked about the level of profit and whether it is sufficient. This article addresses this question and considers alternative methods to assess the appropriateness of profitability.
“Should I buy an IGA Supermarket?”
This article focuses on the key issues to consider if you are looking to buy an IGA Supermarket franchise business. This is an important decision so you should carefully do your due diligence and review the numbers of the business before you buy.
Choosing your business hours - surely it’s easy?
Sounds amazing! But are there any bad moves you could be making and not even being aware of it? How about being the caffeine hit for your local area, and closing on a Monday?! Read on to find out why this is a terrible business move.
Is a ‘Bonus Gift Card’ better than a Discount?
There is nothing good about a discount. It hurts your Gross Profit - it robs you of cash! A Bonus Gift Card on the other hand... sends a totally different message AND keeps the money in your pocket!
A reflection on 2020…
But more than simply looking back, it's equally important to set the sights on the year ahead. Because, if there’s one thing we should learn from 2020, it’s this: something is surely to happen that will take us by surprise. But that’s not the important bit... It’s how we prepare for it and deal with it that matters!
Hospitality can be tough.
We speak to Anja Carruthers, virtual CFO for hospitality businesses to understand a little bit more about the industry here in Australia and back in Austria where she is from.
Real life example of how new business owners are dealing with the next 12 months.
Setting a plan for your COVID recovery is a great way to prepare for the future. Knowing the steps to take for re building your business allows you to build a solid foundation on which to grow and develop your business.
How to assess the best franchise for you
It is important to assess the franchise you are considering before you invest. Assessing how well a franchise franchise suits you is just as important as assessing the financial performance and the opportunity it provides. If you’re not sure how to decide on which franchise to buy, this checklist assessment checklist will take you through the issues to consider.