CFO

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Advisory

Why Your Business Needs a Budget

Budgeting (or forecasting) is vital to the ongoing success of your business. It helps ensure that, no matter what the world throws at you or your business, you’ll be well placed to negotiate the challenges you are presented with. In addition, it will assist you in setting business goals and KPIs, evaluate performance, predicts cashflow, provide invaluable data when making important business decisions and make your business more nimble when opportunities arise. So why, according to this survey from the US, are only 55% of small businesses bothering to do it? I suspect it’s to do with finite time and resources.

Lauren Evans January 14, 2024
Inline Three Directors
Accounting

What’s in the 2022 Budget for small businesses?

It’s no secret that small businesses have been doing it tough over the past two years. With ongoing lockdowns and restrictions in place throughout 2020 and 2021 due the COVID-19 pandemic, many small businesses have been on the brink of collapse. However, the Federal Budget 2022, which was delivered on Tuesday March 29, has detailed some relief for small businesses, particularly those who are looking to invest in new technologies and training courses to upskill staff. Here’s what is on offer: Technology Investment Boost and staff training courses Small businesses that spend money on either new technologies or training courses for

Inline Partners April 8, 2022
Accounting

Three ways to help your small business become profitable

From tech unicorns to online retail stores that have gone global, we all hear about the businesses that have managed to make millions or even billions within a few short years of launching. Yet, for most of the 2.3 million small businesses in Australia, the reality is very different. In fact, for many businesses, it actually takes years before they turn a profit. Profitability According to IBISWorld the most profitable industries in Australia in 2022 are Superannuation Funds with $137.7 billion total profit and Iron Ore Mining with $56.1 billion total profit. Profitability is just one way to measure success. There

Inline Partners March 1, 2022
Budgeting

How Benchmarking Improves Budgeting for Small Business

As the new year begins, How Benchmarking improves Budgeting for Small Business is the perfect start for success in FY22.  It is best practice for every business owner to review their financial budget at least annually. Budgeting is a daunting task, especially for small businesses, but it doesn’t have to be difficult! There are plenty of ways to make the process more streamlined, and benchmarking is one of the best ways to do that. If you’re looking for some clarity among the mayhem that comes with budgeting, this blog will give you some insight into the benefits of benchmarking for small

Inline Partners June 14, 2021
CFO

Virtual CFO Services

Have you ever wondered “What is a Virtual CFO?”  As a business owner, have you asked yourself any of the following questions: What is my profit this month or year to date?  How does my profit compare to last year or last month? I have made a profit, but why is there no cash in the bank?  How can I create a budget for my business?  I want to grow my business, where do I start?  How can I get a better understanding of my business cash flow?  What are the best Key Performance Indicators for the business and how can I measure and track them? 

Inline Partners April 28, 2021

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