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Only Value Is What You Can Charge For

Most days, I go for a walk along Wollongong’s Blue Mile around lunchtime. As well as taking time out of the office to reset (which we might talk about in a future article), it also gives me pause to reflect on how fortunate we are to have this asset on our doorstep. The walk itself…

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One Slip Can Be Costly

Josh and Katie have put their house on the market, not because they want to, but because they have to. They are moving in with Katie’s parents with their twin boys Jye and Jack and their dogs. It’s going to be a long year. Josh is a chippy, a carpenter who built their house with his…

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You’re Not Selling Time

In many service-based businesses, in the trades, in the professions, or in any business where the labour of a human is involved in the delivery of the service, there is often the notion that the person delivering the service is being paid for their time. This is simply not the case, what they are being…

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You’re Not Charging Enough!

“What do you know?” I hear you say, “You don’t know anything about my business.” This is true of course, I don’t know your business, but nearly every business that I have heard of or had anything to do with has had fear about raising their charges. This ranges from electrical contractors in regional towns…

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Life After Business

I was talking to my mate Derek the other day (if you haven’t met Derek, I first introduced him here) Like me, Derek has been in business for himself for most of his working life. We were discussing what we might do once we retired, and to be honest, both of us were struggling to…

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Can I Afford To Retire?

“Client: “Can I afford to retire?” Me: “How Much will you need to live on in retirement?” Client: “Dunno, how much do other people need?” Me: “I’ve heard everything from $40,000 p.a. to $200,000 p.a.” Setting realistic retirement goals is one of the hardest parts of planning for retirement, but is something you can’t take…

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A Simple Wealth Accumulation Strategy

In my role as a financial adviser, perhaps the most common question I am asked is ”what do I need to do?” My inevitable reply is usually something like – “To achieve what?”. “Why, to get rich of course” “What does Rich mean to you?” And so it goes. Of course, what is normally being…

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Legacy

Over the years I have had the great good fortune to see live performances by many of my musical heroes. Springsteen, Elton John, Neil Diamond, America, Rod Stewart, The Rolling Stones, The Eagles, Dire Straits, Status Quo, Deep Purple, James Taylor, Carole King, are just a few of the foreign acts, and of course Cold…

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The Other Person In The Room

When you have a conversation with a business owner, it is vital to consider the other person in the room – the business.   The business is a very demanding person, both of me as an adviser, and as a life partner of the “real” people in the room. I always think of her as…

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9 Things Business Owners Forget But Shouldn’t

In business we all get very tied up in the moment, in pursuing the next sale or delivering the next order. It is very easy for us to forget at times (or choose to forget) some simple truths which remembering will help us to focus on what is important. Here are a few of my…

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