Business Tips: Using forecasting to help your decision-making
Good-quality forecasting can be just as useful, giving you an informed view of the future of your business and finances. Read More…
By Andrea Bradley
The importance of planning ahead for the unexpected.
In light of the recent spate of natural disasters, it is critical to look at how you and your business would recover if it happened to you.
Ask yourself:
What would happen if a key person is unavailable?
What would happen if a flood or fire ravaged your business premises?
How quickly could you rebuild your business?
Developing a recovery plan gives you a chance to consider how you will get your business back on track if you do experience a crisis. A recovery plan should include the following:
Designate a recovery team
Review your emergency kit and contact lists
Maintain external communications
Identify alternative suppliers, facilities and equipment
Keep your business operating
It is important to remember that, as much as we all don’t want to consider that a disaster can happen to us, it is reality and it does
happen so it is better to be prepared, even if it never happens.
Director
Business Tips: Using forecasting to help your decision-making
Good-quality forecasting can be just as useful, giving you an informed view of the future of your business and finances. Read More…
Deductions for Primary Producers
If you're a primary producer in Australia, you probably know that most capital expenses—like farm buildings, equipment, and infrastructure—are depreciated over multiple years. Read More…
How to optimise your business: Build on those customer relationships.
Customers are the bedrock of your business, and building better relationships with your customers is a keyway to optimise your business for the future Read More…