Something the Pollies forgot to mention...........

James Law’s - Etesian Group

You can find the Etesian Group at www.etesiangroup.com.au

Contact James Law on 0409 199 547

I can also be found on Twitter and Linkedin

Location – Perth Western Australia

Client base includes Western Australia, South Australia and Northern Territory.

Confused ……….you're not alone!!

“Know your numbers’ is a fundamental precept of business” - Bill Gates

Let’s face it Gates should know. Here’s a sobering fact…………

ASIC figures show corporate insolvencies remain high

By Australian Government | 10/05/2012 | 

This release was originally published by the Australian Government

According to figures released by ASIC today, the March 2012 quarter is the third consecutive quarter in the current financial year in which external administrations exceeded 2,500 per quarter.

ASIC’s Senior Executive Leader of the Insolvency Practitioners team, Adrian Brown, said the quarterly results show external administrator appointments remain at historically high levels.

The first quarter of the 2012 calendar year saw external administrations (EXADs) increase by 16.7 per cent  compared to the same quarter in 2011 and is a rise of 2.5 per cent over the previous quarter, Mr Brown said.

You won’t find the pollies telling you that! The reality is that times are very tough, and many businesses are struggling. Now is the time to make sure you are doing everything you should be doing to run your business as efficiently as possible.

Know your numbers!

• Do you know what your cash flow is doing, and why? Now and in the coming weeks.
• Do you have timely and meaningful financial reporting?
• Are your reports aimed at helping you into the future, or are they historical and of benefit only to the ATO?
• Do you understand what the numbers are telling you?
• Is your future planning based on real knowledge or wishful thinking?
• Is your planning realistic?
• Do you have professional budgets and business plans?
• Are you getting warning signs? If so act now, don’t wait until it’s too late.

Yes, consultants do cost money, but unless you have strong financial credentials we are a lot cheaper than the alternatives!

Cheers

James Law

0409 199 547

Are your results truly meaningful????????

James Law’s - Etesian Group

You can find the Etesian Group at www.etesiangroup.com.au

Contact James Law on 0409 199 547

I can also be found on Twitter and Linkedin

Location – Perth Western Australia

Client base includes Western Australia, South Australia and Northern Territory.

Why is it?????????

Why is it that so many managers / directors concentrate on increasing sales, when in reality they do not really understand their businesses current performance? Most businesses do not receive regular, timely monthly profit and loss reports. Of those that do, most P & L’s are poorly laid out and do not provide management with a proper understanding of the businesses underlying performance.

The profit and loss is not the be all and end all of reporting, however it is the pinnacle report which brings everything together. As such it is the most valuable report. The P & L is not merely a historical document. In its most common guise the only people really interested in the P & L are your bankers and the tax man. Used properly a businesses report, especially the P & L can become a valuable tool for helping understand past performance and with that information clearly defined future performance is unlocked, understandable and capable of being guided to extract the best possible result.

Turnover alone is not the key to greater profit. Many companies I have done turnarounds on have performed better with lower sales volumes, but more targeted performance. This has resulted from in depth analysis of the businesses operations and better quality reporting.

Do you understand the fundamentals behind your businesses results? Are your businesses reports meaningful? Are you getting the best possible reports that help management maximise performance?

Respectfully, for most of you………..I doubt it. Give me a ring and set up a free appointment. Let’s see what can be done to truly put you in control of your own destiny.

Cheers

James Law

0409 199 547