Tips & strategies to help your business grow

The cost of everything is going up. When wages, inflation, interest rates are increasing what does this mean to your profit and what do you need to increase your prices by just to make the same profit?

Business is all about leverage. Leveraging other people's (employees) time, leveraging other people’s (investors, banks) money, leveraging systems and processes and leveraging assets (property, machines, software etc).

More profit for no extra work? Sounds great right? All the increased revenue goes straight to increasing your net profit as you've not added any costs - it's pure profit.

Do you want to know how smart businesses use one simple strategy to massively increase their profits?

I’ve got an easy question for you: How much money do you want to make?

No, we’re not launching a marketing service, so what do we know about making more sales? Apart from growing Watson & Watt from nothing to something in the last 7 years I know that more sales is actually business strategy, not marketing and sales.

Business cash flow can be tricky. Especially when you’re starting out. You see money come into the bank account, you start thinking what you can do with that. Then there’s wages to pay, suppliers you owe, your accountant has reminded you that super and BAS are due, and you need put money away for income tax for next year. Seems like everyone gets paid before you.

Every business owner needs to be more than familiar with their numbers. They need to know them truly madly deeply.