Articles

Business Awards partner Hayes Knight is providing a series of articles and Q & A's with Director Greg Hayes exclusive to our nominees. Greg is an expert commentator on business and taxation issues, and regularly appears in The Australian Financial Review and other publications.

How much is my business worth?

For many small business owners, their business is their largest asset and for many, one that is expected to help fund their retirement. Hayes Knight accountants and advisers take a look at what your business is really worth and what sets a high value business apart.

Read the full article here.

Growing out of cash

This week Greg outlines the details on how to establish the right financial model for your business.

Every year some great businesses, run by great entrepreneurs, fail because they outgrew themselves.

The good news is that there are predictors that determine if your business is at risk. Create the right financial modelling and you will know in advance how much cash you will need to fund your growth. This knowledge helps to put you back in control of your business and able to manage your funding requirements.

To read the full article, click here.

Is good cash flow management enough to save you?

This week, Greg Hayes, Director of Hayes Knight accountants and business advisers looks at why cash flow might not be enough to keep your business alive.

Like never before, business is being encouraged to actively manage their cash flow. The global financial crisis has put cash management under the spotlight as companies, large and small, fail. In the SME sector, cash flow issues are the most common cause of failure.

Similarly, fast growth businesses often find themselves under pressure to manage cash flow. Rapid growth and the extra demands it places on working capital will put the business under pressure.

While cash flow management is important, the question remains, is it enough? And the answer is no. Click to find out why here.

10 secrets of winning businesses

by Greg Hayes, Hayes Knight accountants and advisers.

The first article in our series looks at the 10 secrets of winning businesses. Every day business owners ask the question ‘what makes a great business and what do I need to do to move from good to great?’

The reality is that great businesses are in the minority. They stand out not only for what they acheive, but also because they are different from the rest of the market.

Click here to read the full article.