Systems
Keeping Track of How Much You’re Owed
Meeting Bookkeeping Deadlines
Chapter 17: Understanding Financial Statements
Discovering What Reports You Need (and When)
Telling a Story with Your Profit & Loss Report
Taking a Snapshot with Your Balance Sheet
Why Profit Doesn’t Always Mean Cash
Budgeting As If You Mean It
Looking at Cashflow
Chapter 18: Taming the Tax Tyrant
Getting a Grip on GST
Growing Some Recordkeeping Smarts
Planning Ahead
Staying Out of Trouble
Budgeting for Tax
10 Part 6: The Part of Tens Chapter 19: Ten Things to Do If You Hit Hard Times Work Out How Bad Things Really Are Get Breathing Space Innovate! Slash Those Expenses Pull Back Personal Spending Get Rid of Dead Weight Chase Up Overdue Accounts Run Special Offers Re-Jig Your Margins Don’t Be a Shag on a Rock Chapter 20: Ten Tips for Selling Your Business Start with a Game Plan Prepare Well in Advance Give Your Financials a Make-Over Get a Professional Valuation Go for the Max Plan for a Few Bills Woo the Buyer Do Due Diligence in Advance Be Straight Up with Employees Spread the Word
11 Index
List of Tables
1 Chapter 2TABLE 2-1 Rating Businesses According to Potential Strategic AdvantageTABLE 2-2 Rating Head-to-Head Competitors
2 Chapter 4TABLE 4-1 Moving from a Small Business to a Big Business
3 Chapter 5TABLE 5-1 Industry Analysis — Regional Accounting FirmTABLE 5-2 Summarising Opportunities and Threats
4 Chapter 6TABLE 6-1 Customer Analysis — Fit and Fun Personal Training
5 Chapter 7TABLE 7-1 Summary of Different Business Structures
6 Chapter 8TABLE 8-1 Calculating Maximum Billable Hours per YearTABLE 8-2 Examples of Sales Estimates for Different Business Types
7 Chapter 9TABLE 9-1 Variable Costs Examples for Service BusinessesTABLE 9-2 Cost of Producing One Bottle of Pickle
8 Chapter 11TABLE 11-1 Example Competitor AnalysisTABLE 11-2 Supporting Sales Goals with Strategies
9 Chapter 12TABLE 12-1 How Many Complaints Have You Received This Year?
10 Chapter 13TABLE 13-1 When You Have to Pay Super (and When You Don’t)
11 Chapter 15TABLE 15-1 First Four-Week Budget for Retail BusinessTABLE 15-2 Start-up Expenses versus First Four Weeks of Operating Expenses
List of Illustrations
1 Chapter 2FIGURE 2-1: Using your strategic advantage, competitor analysis and competitive...
2 Chapter 3FIGURE 3-1: Calculating average profit (also known as EBIT).FIGURE 3-2: Your total start-up costs involve much more than the initial purcha...
3 Chapter 5FIGURE 5-1: Rating your business on key areas of performance.FIGURE 5-2: The principles of a SWOT analysis.FIGURE 5-3: Plotting business strategy using a SWOT analysis.
4 Chapter 6FIGURE 6-1: A mission statement.
5 Chapter 7FIGURE 7-1: Digging around for names in the ASIC business names register.FIGURE 7-2: Check the Australian Trade Mark Search for relevant trademarks.
6 Chapter 8FIGURE 8-1: Building a 12-month sales forecast in Excel for a service business.FIGURE 8-2: Building a 12-month sales forecast in Excel for a business selling ...
7 Chapter 9FIGURE 9-1: Start by estimating an amount for each expense, along with how ofte...FIGURE 9-2: Forecasting expenses for the months ahead.FIGURE 9-3: Building a gross profit projection for a service with employees or ...FIGURE 9-4: Building a gross profit projection for a business selling products,...FIGURE 9-5: Compiling a monthly profit projection.
8 Chapter 10FIGURE 10-1: Calculating business break-even point.FIGURE 10-2: Calculating break-even point to cover both business and personal e...FIGURE 10-3: Understanding your break-even point enables you to plan ahead for ...FIGURE 10-4: Calculating what you
