When you own and/or run a business you are a leader. The strongest lessons you will teach your staff are by example.
To grow a business, you need to have some way of seeing its future success. This means you must have a business plan. You need to put your growth plans on paper to test their viability.
To get an edge on your rivals, you must pursue training, consult experts and research what winners on the cutting edge are up to.
Implement best practice and quality control methods and systemise your business. Systems also give certainty to your staff. It makes them more accountable.
The bigger your business grows the more you will need to have a sound taxation strategy. Sensible tax planning means setting aside time to work through these issues with your accountant and/or financial controller.
Have a risk management strategy for both yourself and the business.
You must market your business and this requires having a sound marketing plan to accompany your business plan.
Please visit our website and “Business Acceleration” Services for more information on any of these topics or contact our office on 9388 2532 or info@tacticapartners.com.au.
Excerpt from article in Tax Practice magazine by Peter Switzer.
