Level 1, 322 Hay Street
Subiaco
Western Australia 6008
Australia
PO BOX 1310
Subiaco
Western Australia 6904
Australia
Fax: (08) 9388 9755
Email: info@mgiparkinson.com.au
22/11/16 - Exit Planning
A successful exit strategy is dependent on numerous elements, from what industry you work in to the nature of your business and of course, the…
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07/11/16 - Financial Performance
If you are considering selling your business, either now or in the future, it’s important that you understand how to value a business. The…
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03/11/16 - Financial Performance, Growth
The start of the new calendar year has brought with it a never-ending number of corporate collapses with the likes of Dick Smith, Laura…
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10/10/16 - Growth
In my view there are two major problems facing small business when it comes to strategic planning. The first is not knowing where they're going and the second is failure to implement. Businesses adopting the “Now-Where-How” process manage to overcome this issue.
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06/10/16 - Financial Performance
So often we read or hear in the media about the latest fast-growing business. Everyone seems to focus on the growth of the business but what is the real measure of business success? When I review the financial performance of a business, the primary measure I look at is Return on Capital Employed (ROCE). Generally, if this rate of return isn’t high enough it is usually a sign that some things aren’t quite right in the business.
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06/10/16 - Exit Planning
I was recently asked what I thought were the secrets to good business succession for a family-owned business. As in most things in life what it really boils down to is effective communication.
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06/10/16 - Exit Planning, Family Business
In over thirty years advising family businesses, the most successful succession plans I’ve seen have been the ones where there was solid stakeholder engagement – in other words – good communication within the family. Even if you think everyone is aware of what is going on and generally on the same page, don’t leave things to chance for people to fill in the blank spaces. Fill them in for them.
View Article06/10/16 - Financial Performance
Just like in our own household, waste costs the average family business tens if not thousands. However, the business owner doesn’t just incur the yearly cost, but the multiple of that cost when a business is sold.
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06/10/16 - Financial Performance
There's an old saying - profit is opinion, cash is fact. That's because despite making a profit, some businesses still don't have enough cash to pay the bills. At the end of the day, a lack of cash will kill a business.
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06/10/16 - Personal Wealth
For many business owners, superannuation can be a confusing and complicated place. This needn’t be the case.
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