Planning

Arabon Small Business Accountants data analytics

Four common mistakes SMEs make with their data and how they can be avoided

Australian businesses are behind their international counterparts in employing data analytics, but this isn’t because they don’t want to.  The unspoken problem is the lack of information provided informing businesses about how they can use their data correctly. Sadly, it isn’t as simple as analysing customer numbers, sales or demographics data.  While this information is …

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Arabon Business Accounting cyber security for small business

Ways to transform your business

Transformation of your business is more than just developing a strategy for growth or improvement; it’s about completely rethinking how you conduct business. The need to transform your business can be driven by changes in the industry, technological improvements, changes in regulations or responding to competitive pressures. Any innovation or transformation involves a marked shift …

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Arabon Business Accounting Family Business

Generational succession: Do your kids really want to take over your business?

Generational succession – handing your business across to your kids or family – sounds simple enough. But, many families end up in dispute right at the point when the parents, business, and children are most vulnerable. It’s important that generational succession is managed as closely and diligently as if you were selling your business to a stranger to avoid misunderstandings and disputes – you need to make sure that everyone understands what the transition will mean and everyone is aware of their role and responsibilities.