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Where to Find the Cash You Need

Where to Find the Cash You Need

A lack of cash can not only stall your company’s growth but also place its very existence under threat.

It doesn’t matter how profitable the business may be; cash flow problems can place it under severe pressure, according to the CFO Centre’s Chairman Colin Mills in his book ‘Scaling Up How to Take Your Business to the Next Level Without Losing Control and Running Out of Cash’.

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How to Avoid Sleeping Like a Baby (And Why You Should)

How to Avoid Sleeping Like a Baby (And Why You Should)

Babies, as any hollow-eyed new parent will tell you, often sleep for just a few hours at a time which is why ‘sleeping like a baby’ is a practice best avoided if you have a growing business to run and need to be on top of your game during working hours.

Instead, sleep experts recommend you look for ways to get between seven and nine unbroken hours of night-time sleep.

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Santa: Why I Was Ghosted by Elon Musk & Faced an AI-Inspired Rebellion

Guest Blog from Santa 

Santa: Why I Was Ghosted by Elon Musk & Faced an AI-Inspired Rebellion

Phew, just back from a sleigh test flight and nearly had a collision with one of those Space X rockets as it plunged to Earth!

Talking of Elon Musk, my offhand comment back in August  about the high cost of keeping my reindeers in shape resulted in a flurry of late-night tweets from the boss of Tesla.

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Why and How You Should Scale Up Your Business

Why and How You Should Scale Up Your Business

If you consider what sets companies like eBay, Alibaba, Netflix, Google, Starbucks, Apple, Cisco and Dell apart from other companies, their ability to continuously innovate and create high growth will probably come high on your list.

So should the fact they’ve all successfully transitioned from start up to scale up status without losing their ability to be dynamic and entrepreneurial.

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8 Guaranteed Profit Drivers for WA Legal firms – Part 3

8 Guaranteed Profit Drivers for WA Legal firms

Over the last 2 weeks we have explored these 4 Profit Drivers;

Keeping Costs as Low as Possible
Highly Structured and Efficient Billing and Debt Collection
Marketing and Business Development Activities
Strong Cashflow Management

This week – let’s look at;

Retaining Quality Staff
Strong Financial Management

RETAINING QUALITY STAFF 

In an ideal world, you would like to have the best quality staff all around in every dept in your practice.

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8 Guaranteed Profit Drivers for WA Legal firms – Part 2

Last week we explored

Keeping Costs as Low as Possible
Highly Structured and Efficient Billing and Debt Collection

This week let’s look at

Marketing and Business Development Activities
Strong Cashflow Management

MARKETING AND BUSINESS DEVELOPMENT ACTIVITIES

Generally, this function is considered a soft skill – and not something you may consider a “finance” area of focus. But as you know every area of business has some impact on the money,

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8  Guaranteed Profit Drivers for WA Legal firms

8  Guaranteed Profit Drivers for WA Legal firms

Overall, WA legal firms have had a slow and disappointing recovery from our mining boom days.  Legal practices Australia wide have shown signs of industry pressure in areas such as automation, outsourcing and the continual client pressure to adjust billing models, while still maintaining revenues and the pressure to improve profit.

With the average revenue growth spanning anything from 18% in Queensland and 10% in NSW,

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What to Expect from a Part-Time CFO

What to Expect from a Part-Time CFO

The idea of hiring even a part-time CFO may seem to some SMEs a bit OTT—like paying Quentin Tarantino to make a 90-second home page video or booking Wembley Stadium for the company’s five-a-side friendly football match.

But for companies whose ambition is to get into and survive the coveted scale-up phase, hiring a part-time CFO makes perfect sense. They know that they’re getting a finance veteran,

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What A Finance Director Can Do for Your Company

What A Finance Director Can Do for Your Company

You might think a Finance Director’s role is confined to traditional finance activities, but today’s CFO can do so much more than count beans.

In the past, an CFO’s responsibilities might have been confined to high-level accounting such as providing timely financial statements and monthly management reports, managing investments and expenses, monitoring cash flow, and managing risk. But as the business landscape has become more complex over the past decade,

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Why Hollywood Actors Should Get Training from FDs

Why Hollywood Actors Should Get Training from FDs

You shouldn’t be surprised to discover that Meryl Streep, Robert De Niro, Hugh Jackman, Gary Oldman among many other Oscar-winning actors and actresses bear a grudge against Finance Directors.

It’s easy to understand why. For although the likes of Streep and Oldman have achieved fame, fortune and critical acclaim, they can usually only inhabit one role at a time. They take it on for a few months and then move on to the next.

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