Are you prepared for the expected?

The worst storm for some time hit our place on the evening of 14th October 2014, with heavy rain, strong winds and just generally miserable conditions. It was cold also, the Blue Mountains experienced snow storms which cut the rail line in October, almost exactly a year since devastating bushfires had ravaged the area. So…

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Why most business plans are Crap!

In recent years there has been much written about the need for detailed business plans, and in fact a whole industry has sprung up built on developing business plans at great expense to the business owner, who has somehow become convinced that this is an essential ingredient for success.

What is Real Advice?

I was sitting in my dentist’s chair the other day, after my umpteenth visit, yet another root canal over, when he suggested I had some other problems that he needed to discuss with me. Once I had mentally checked my bank balance and contemplated another series of hours staring at his ceiling I agreed to…

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What exactly is superannuation?

I don’t know how many times I have had people say to me “Superannuation is a lousy investment” or “I don’t believe in Superannuation”. Statements like these come about because the person making them doesn’t really understand what superannuation is. Simply put superannuation is not an investment at all, much less a lousy one, it…

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Keep it Separate, Keep it Safe

All of us in business know that it is an activity with an inflated level of risk. There are many external factors which can impact upon the performance of the business over which we have no control. I have written elsewhere about the 4 C’s of business ownership. Control over our destiny is certainly one…

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Now IS the right time

“There is no right time to do the right thing, the only time to do the right thing is now”. As a financial adviser, I don’t know how many times I have heard “This is just not a good time right now”, but if not now when? When you get back from holidays, or when…

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A Spectator or a Competitor?

“The road to financial success is lined by those who were always going to, but never did”. I love the Tour De France. Each July my bleary eyes pay tribute to long nights in front of the telly (on an exercise bike if you were wondering) watching the lycra clad heroes tooling around the French…

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The Four Cs of Business Ownership

Why Do We Go into business? This is a question I ask myself often, particularly during those difficult times (and we all have them don’t we?). On reflection, I’ve actually gone into business three times, each time for different reasons, though all underpinned by my “Why”. For most business owners the reason can boil down…

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Budget 2014 – My Take

For the first time that I can remember, the Australian Government has delivered a budget which pretty closely matched what they were saying in the lead up. This is a tough budget as budgets in the first year of a government’s term tend to be, and particularly in an environment where the government budget is…

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Bad Advice is still Bad Advice even if there is a short term positive outcome

In a recent post, I got fairly fired up about a 4 Corners episode which had explored the shortcomings of Commonwealth Financial planning and in particular one of its advisers. There had been little debate over the episode in any of the forums which I visit regularly, so I thought maybe I was out of…

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