Archive by Author
Current rent roll valuations
There seems to be a growing requirement for rent rolls in the Melbourne real estate market. Many rent rolls are being enquirer about by brokers and associates of my clients. So what is the current range of multiples, what is the retention requirement and what are the factors that effect rent roll values. What are [...]
Full StoryShould you borrow more money?
At Bentley we pride ourselves on our ability to assist our clients to obtain the funding requirements that they require to grow and manage their businesses. We have extensive relationships with people capable of assisting them to get what they need. But the one question that they often fail to ask themselves is “Do I [...]
Full StoryPlanning – fun or not so fun
Yes you have probably heard it all before and you are going to hear it again. Businesses don’t plan to fail they fail because they don’t plan. I could also run through the alarming statistics around business failures in Australia but that would be simply pushing the boundaries a little too far. In a recent [...]
Full StoryBudget – the Key Business Tool
A business that does not prepare a budget is flying blind – literally. Your budget is the most significant business tool that you have a your disposal. It establishes the KPI’s that your business should be targeting thus ensuring that you have a point of reference to compare against. It ensures that you make decisions [...]
Full StoryWhen Fair is Not Fair
Today I had confirmed the incompetence of the ATO. The Australian Taxation Office is a fully fledged ASS. That probably puts me directly onto the radar of the their inspectors however it is about time that their practices are addressed. I have two different clients: Client no.1 – good small business who through no real [...]
Full StoryDo you know where you are going?
One of the most asked questions that I get from my clients is: How do I……………… Invariably this is followed with a specific question about their business and wanting to understand exactly how they can achieve their goals. Obviously we are all in business because we want to achieve something and this is a question [...]
Full StoryProtecting What’s Important
It occurred to me today that sometimes good people don’t always win – and too often bad people do. We were introduced to a new client at the start of February this year. His greatest problem was that he was naive to business and trusted the wrong people. He trusted that his accountant would provide [...]
Full StoryYear End Wrap
Why is the year end the most difficult time for small business? It really is a question that has plagued me. And I think I have the answer – too many small business owners are worried about their tax position rather than concentrating on the real goal – running their businesses. I have said many [...]
Full StoryThe Trouble with Bookkeepers
Today I experienced the misnomer that is bookkeeping. I have a client who due to wanting to reduce costs has his daughter perform the bookkeeping for his business. He pays her a small wage and she performs the bookkeeping to the best of her ability. She takes around 30 hours a week to trundle through [...]
Full StoryOwning Multiple Locations
With an extensive background in franchising I have some very solid beliefs about owners and running before they can crawl. All too often I see small business owners who have very good success in one location in a very short time and think to themselves: How easy is this – I am going to open [...]
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