Located in Brisbane, Queensland, CFL Financial is a highly professional financial planning firm specialising in strategic and investment advice for pre-retirees and retirees looking to get the most out of their retirement.
Running a business comes with its share of challenges and uncertainties. While entrepreneurs strive for success and growth, it’s crucial to remain vigilant and recognise the warning signs of potential collapse. Ignoring these signs can lead to financial ruin and the eventual demise of the business. Here are some key warning signs that indicate a…
Starting and running a business is an exhilarating journey filled with opportunities for growth and success. However, along the way, entrepreneurs inevitably encounter trials and tribulations that test their resilience and determination. From economic downturns to unexpected setbacks, here are some common challenges businesses face and strategies for overcoming them: Economic Uncertainty: Economic downturns, market…
Invoicing is a fundamental aspect of running a business, yet it can often become a time-consuming and tedious task. From creating and sending invoices to tracking payments and managing overdue accounts, the invoicing process can pose significant challenges for businesses of all sizes. However, with the right strategies and tools, businesses can streamline their invoicing…
With business operations underway, a new calendar year presents a perfect opportunity for entrepreneurs and business professionals to reflect on the past and set the stage for future success. Crafting a meaningful business resolution is not just about setting lofty goals; it’s about creating a plan that resonates with your unique aspirations and challenges. So,…
The ability to adapt and leverage technology is not just an advantage—it’s a necessity for business survival and growth. As a business owner, navigating the digital transformation journey can seem daunting, but the rewards are substantial. Let’s explore the key components of digital transformation and its impact on business operations, and provide a practical guide…
As the calendar year draws to a close, businesses often find themselves in a familiar but often challenging position – chasing invoices. A healthy cash flow is the lifeblood of any business, providing the necessary resources for day-to-day operations, expansion, and resilience in the face of unforeseen challenges. Timely invoice collection at the end of…
The ATO’s lodgment penalty amnesty has been extended, providing thousands of eligible enterprises a chance to rectify overdue income tax returns, business activity statements (BAS), and fringe benefit tax (FBT) returns without incurring penalties. The window of opportunity, however, is closing soon – businesses must act before the 31st of December to take advantage of…
Determining the value of your business is a critical step when contemplating a sale. Unfortunately, a significant number of business owners are unaware of the monetary worth of their enterprises. The process of ascertaining the financial value of your business is not a straightforward formula but rather a nuanced assessment involving several key factors. Additionally,…
Successful businesses are not built solely on the strength of their products or services but on the capabilities of their people. Developing staff is an investment that pays significant dividends and is crucial for success. So, how can you capitalise on this? Enhancing Skills and Competencies: One of the most evident benefits of staff development…
Have you ever wondered about the origin story of your business? What drove you to start it in the first place? It’s a question that often gets overshadowed by the day-to-day hustle and bustle of entrepreneurship. Many entrepreneurs set out on their journey to build a better future, pursue a passion, or gain financial independence.…