Access Accounting
 Or 
Access Superannuation
 Or 
Email your enquiry
How would you like us to contact you? *
Would you like to recieve our monthly updates? *
Please supply all fields above marked with *
Prefer to call?
Cnr Dollery & Old Cleveland Rd
Capalaba, Qld 4157
Telephone 07 3245 9966
11 Montague St
Stones Corner, Qld 4120
Telephone 07 3847 9499
Image
Why your survival means evolving your business?
August 2016

It’s been some time since you started your business. Many business owners have mixed emotions as they experience the highs and lows of owning and running a small business. Very few small business owners take the time to sit back and analyse the changes taking place in their business and business operating environment and then consider how these changes impact on their current and future business situation.

Consider how any or all of the following impact on your business:

  • Greater use of technology
  • Increasing costs of supply, especially gas
  • Rising interest rates
  • Climate change
  • Increasing use of imports to meet customer demand for cheaper goods
  • Greater pressure on profit margins from national competitors
  • Little sense of customer loyalty
  • Demographic shift with ageing business owners (including supplier businesses)
  • Higher employment costs with fewer staff
  • More businesses for sale with fewer buyers.

 

Small business owners need to continually evolve the way they do business if they are to survive and thrive. Completing a business SWOT analysis is an essential first step in any effective business planning process with the aim of successfully evolving the business to counter existing weaknesses and threats, bolster strengths and take advantage of opportunities as they arise.
SWOT Analysis (Strengths, Weaknesses, Opportunities and Threats)
Planning is the key to your future success. Successful small business owners are able to spend less time working in their business, with more time spent planning their future. Take the time to find out what’s happening in your industry, how you compare with your peers (benchmarking) and establish a picture of what your business will look like in the future. Invest in planning days with your most trusted Advisers (Accountant and Financial Adviser) so you can get independent and objective advice on how your business is performing.

For more information please get in contact with us
More News
Copyright 4Front © 2016


meritwealth
Liability limited by a scheme approved under Professional Standards Legislation.

4Front Accountants Pty Ltd (ASIC No. 33911) ABN 46 166 598 876 is a Corporate Authorised
Representative of Merit Wealth Pty Ltd ABN 89 125 557 002, Australian Financial Services Licence Number 409361.
Carmine Decorso (ASIC No.148577) is a Limited Authorised Representative of Merit Wealth Pty Ltd
ABN 89 125 557 002, Australian Financial Services Licence Number 409361.
Garry Johnston (ASIC No.1270713) is a Limited Authorised Representative of Merit Wealth Pty Ltd
ABN 89 125 557 002, Australian Financial Services Licence Number 409361.
www.meritwealth.com.au |
Privacy Statement
|
FSG (Financial Services Guide)