Articles

feedback loop secret

Discover the Feedback Loop Secret

Feedback loops are seen everywhere, from biological systems where they are used to achieve a stable environment to sports where performance is measured and used to make enhancements. No matter the application, the process is simple: production occurs, measurements are taken and the information is used to make improvements. The surprising thing is that despite [...]
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significance of the numbers

Give me the numbers… now give me the significance of the numbers

The Italian mathematician Luca Pacioli was the first to publish the Venetian method of bookkeeping over 500 years ago, and this has been the primary source of modern accounting ever since. You can see the relevance of his work by looking at some of the accounting terms and principles still used today, which include: double [...]
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Net Profit per Owner Benchmark Calculation

Net Profit per Owner Benchmark Calculation

How it’s calculated Net Profit per Owner can be calculated before owner’s salary (bos) is removed or after owner’s salary (aos) is removed.   Net Profit (bos) per Owner is calculated as: Net Profit (bos)  / Full Time Equivalent (FTE) Owners   Net Profit (aos) per Owner is calculated as: Net Profit (aos) / Full […]

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ATO Benchmarks Small Business Benchmarks

ATO Small Business Benchmarks Explained

The Australian Tax Office (ATO) provides a high-level benchmark tool for business owners to compare their company’s performance to a wider range of similar businesses. There are essentially three purposes behind the ATO Small Business Benchmark Tool. These are: encourage business owners to perform annual health checks to see if their costs are above or [...]
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Increasing Franchisor Transparency

Increasing Franchisor Transparency and Accountability in Australia

Franchises are often considered, and sold as, a win-win business-model by both franchisors and franchisees. However, the recent Fairness in Franchising Report by the Federal Parliamentary Joint Committee on Corporations and Financial Services, released in March 2019, highlighted that franchisors are currently winning at the expense of their own franchisees. The scathing report has recommended [...]
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