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Enhancing Profitability in Trades: A Balanced Look at Charging for Consultations

Enhancing Profitability in Trades: A Balanced Look at Charging for Consultations

by Zoltan Szentirmay | Jun 5, 2025 | Business Building, Construction

In the competitive landscape of trade services, finding the right balance between customer service and achieving a sustainable profit margin often necessitates reevaluating operational and pricing strategies. A common practice identified among tradespeople is the...
Hesitant to Raise Prices? Here’s How It Could Impact Your Business

Hesitant to Raise Prices? Here’s How It Could Impact Your Business

by Zoltan Szentirmay | May 26, 2025 | Business Building, Pricing, Small v Big Buisness

Pricing is a business’s most powerful tool for impacting profitability and customer behaviour. While price increases can be a sensitive issue, minor and carefully timed adjustments are often not only accepted by customers but also significantly boost a...
Balancing the Books: Understanding the Role of Collection Days in Managing Receivables

Balancing the Books: Understanding the Role of Collection Days in Managing Receivables

by Zoltan Szentirmay | Feb 6, 2025 | Costing, Business Building

In the world of business finance, cash flow is king. A company’s ability to efficiently manage its receivables essentially governs its operational fluidity, sustainability, and potential for growth. Among the various metrics and strategies crucial to this...
Assessing Your Business Health in The Current Year: A Guide for Australian Entrepreneurs

Assessing Your Business Health in The Current Year: A Guide for Australian Entrepreneurs

by Zoltan Szentirmay | Dec 12, 2024 | Business Building

In the ever-evolving Australian market landscape, assessing your business’s health is crucial. As we navigate through the ebb and flow of economic conditions, it’s imperative to periodically take stock of where your business stands. Below are some key areas to...
How do we Value WIP in a Project Environment?

How do we Value WIP in a Project Environment?

by Zoltan Szentirmay | Dec 9, 2024 | Accounting, Construction, Costing, Project Management

In the realm of project management, understanding how to effectively value Work in Progress (WIP) is pivotal for maintaining budget control and ensuring a project progresses on schedule and within its financial bounds. WIP, an integral aspect of the managerial...
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Recent Posts

  • Is Your Business on the Right Track? Key Financial Metrics Every Entrepreneur Must Know
  • Top 10 Common Tax Compliance Mistakes (and How to Avoid Them)
  • Addressing Common Operational Problems Faced By Australian Businesses
  • Enhancing Profitability in Trades: A Balanced Look at Charging for Consultations
  • Hesitant to Raise Prices? Here’s How It Could Impact Your Business

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