by Affinity | Nov 1, 2011 | Business eNews
Businesses need to ensure that there is ongoing education of their team on the lifetime value of a new customer. Lifetime customers represent repeat business and repeat business equals profit. If you assume that the lifetime value of a customer is about 7 –...
by Affinity | Oct 1, 2011 | Business eNews
Development priorities – this is where you list what you are going to achieve over the next 3, 6 or 12 months, as part of a business plan. Business plans for businesses are just as important as maps for tourists. How are you going to know when you get...
by Affinity | Oct 1, 2011 | Business eNews
Gearing Gearing represents the level of borrowings, expressed as a percentage, on the value of assets: Example: Assets worth – $540,000 Borrowings – $286,000 Gearing: $286,000 x 100 $540,000 1 = ...
by Affinity | Oct 1, 2011 | Business eNews
It has been proven, time and time again, that the setting of a budget is the same as setting a “goal”. The fact that you have sat down with your accountant in some “isolation planning” and thought about the issues relating to your business and, from that process, have...
by Affinity | Oct 1, 2011 | Business eNews
The Australian government and the various State governments have agreed to establish a National Register of Personal Property Securities which will commence early in 2012. Personal property to be recorded in the register is any form of property other than land,...
by Affinity | Oct 1, 2011 | Business eNews
Organisational Matters When preparing a business plan, the Questionnaire on Organisational Matters, asks the business proprietor to think about a wide range of matters relative to the business including: Who opens the business premises? Is there a...
