Category: Wealth Esteem

  • Casual Leasing

    I’ve decided to turn some of my old stock into cash. I found a shopping centre that had a vacancy before Christmas in their centre court. So for the next seven days I’ll be liquidating ceramic pots at Royal Randwick Shopping Centre. Drop by and say hi and share a capuccino. Interestingly I am quite…

  • Refocusing

    I have been looking very intensely at my business model recently. We’ve been doing business the same way for the last 10 years. I see my market has changed, but suspect we could soldier on for a while as smart and efficient operators. However is that the best use of my capital and time? Shouldn’t…

  • End-of-Year Planning

    My accountant called me a week or so ago. He’s great and asked me a bunch of questions about my end-of-year planning. I told him I’d considered it all and was up to speed. It’s amazing how much I’d overlooked, I really should use more checklists. I took care of paying all my staff superannuation…

  • Cashflow mayhem

    MYOB sucks! Alternatively, my MYOB skills are severely challenged ;). The company is coming out of its traditional New Year’s cashflow crunch. Our sales in January and February normally represent about 6% of annual sales. As a result I’ve been monitoring our cashflow more closely than normal. Making payroll and paying suppliers is a good…

  • New Wealth Esteem Category

    I’ve decided to create the new category where I’ll blog about the stuff that fills, wastes and fulfills my workday. Stay tuned for: Succession Wars; Distributor disputes; Cashflow mayhem; Empowering staff to build a great company. There is also: Tantrums and hissy-fits; My failed clean-desk policy. And that was just today!

  • General Update

    It turns out some of my friends check this blog to see if I’m still ok. Taking over the company and turning it around has consumed most of my waking hours. However I will probably go to the Somersoft forum lunch at Phillips Foote in the Rocks this Sunday. So I’m thinking of documenting my…