iBamcy Consulting in Joondalup | Financial consultant

iBamcy Consulting

Locality: Joondalup

Phone: +61 8 9256 3788

Address: 89 Winton Rd 6027 Joondalup, WA, Australia

Website: http://www.ibamcy.com.au

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21.01.2022 Key strategy: Understanding your fixed cost structure and how it affects your product or service offering pricing. Why?... Because it is critical to your business profit margins. Heres a question: Do you understand what your business break square position is and what the factors are that influence it? For a confidential discussion on how to improve your business profit position, email us on [email protected] or call 08 9256 3788

20.01.2022 Cash is king. Every business should have a cash flow forecast so that it can determine the amount of money coming into the business and the amount of money leaving the business. This will help you to identify highs and lows in your finances. ... Used effectively it is a valuable tool for your business. Along with that is a clear understanding of gross margin. If the gross margin is too low, there is simply not enough cash to pay operating expenses. The bottom line? Know your numbers. #numbers #profit #value

20.01.2022 Before you carry on reading, let me warn you that the content of this article is going to be confronting. As a scenario you and your business partner own the shares in your trading company. Lets assume it is correctly structured. However, one key element has been overlooked. There is no written and documented buy sell agreement.... Your business partner passes away and once the funeral is over, their estate has been settled and the reality has set in, that persons spouse walks into your office and says: Hi, I am your new business partner. Dumbfounded, you think: How is that possible? Reading your thoughts, he | she says: My spouse left the shares in the business to me in the will. Is that really what the intention was? How are you going to manage that new relationship? Maybe its fine. But on the other hand, maybe it isnt. What can you do to plan for the unexpected? http://www.cwmm.com.au/your-end-game/

19.01.2022 Business Value Maximisation - Meet Bob!

18.01.2022 What is your business growth strategy? How will you measure it? More importantly - how will you manage it?... https://ibamcy.com.au/contact-us/

18.01.2022 Dont just like this post. Use an engaging emoji like a As a business owner, when you conduct meetings, do you take it seriously?... Or are you laid back, like the guy in the video? Tips for a good meeting: Prepare Listen to others Keep to the agenda Dont interrupt Have an objective Make decisions Dont: Waffle Ignore others Go overtime Avoid decisions If you want to know more about chairing meetings or boards, contact us - [email protected]

13.01.2022 Maximising the value of your business could be one of the most important planning decisions youll ever make.

13.01.2022 Business Risks - Address them

12.01.2022 There was an old farmer who grew excellent quality corn. Every year he won the award for the best-grown corn. One year a news reporter interviewed him and learned something interesting about how he grew it. The reporter discovered that the farmer shared his seed corn with his neighbours. How can you afford to share your best seed corn with your neighbours when they are entering corn in competition with yours each year? the reporter asked.... Why sir, said the farmer, Didnt you know? The wind picks up pollen from the ripening corn and swirls it from field to field. If my neighbours grow inferior corn, cross-pollination will steadily degrade the quality of my corn. If I am to grow good corn, I must help my neighbours grow good corn. So is with our lives Those who want to live meaningfully & well must help enrich the lives of others, for the value of a life is measured by the lives it touches. And those who choose to be happy must help others find happiness, for the welfare of each, is bound up with the welfare of all. -Call it the power of collectivity -Call it a principle of success -Call it a law of life. The fact is, none of us truly wins until we all win!! See more

10.01.2022 Strategy is one thing. Is "Failure to Implement" the single biggest factor hampering your business growth? Have you clearly defined your strategy?... Have you mapped out your implementation plan? Do you know what the key profit drivers are for your business? For a confidential discussion contact us on https://ibamcy.com.au/contact-us/

10.01.2022 Looking to Exit Your Business? When making the decision to think about Exiting Your Business or planning to put it under management , have you ever wondered what you need to be thinking about? Here is a checklist of some of the items to think about. Whilst the list is not exhaustive, it does cover the key areas.... 1. Valuation Expectations 2. Personal Expectations 3. Shareholder Goals 4. Payment Considerations 5. Value Readiness 6. Credibility and Justification 7. Brand Issues 8. Marketing Documentation & Systems 9. Employee and Management Issues 10. Financials 11. Management Systems and Forecasts 12. Company Documentation 13. Intellectual Property 14. Customer Contracts 15. Expense Contracts 16. Personal Knowledge 17. Systems Processes 18. Compliance Issues 19. Profit Improvement 20. Government Grants 21. Revenue Drivers 22. Product Strategies If you would like to know more about where your business is positioned in these areas, feel free to contact us at [email protected] for a confidential discussion.

09.01.2022 Understanding the numbers in your business is really key.

08.01.2022 Outstanding article written by Kylie De Klerk. Please take the time to read it. https://medium.com//from-working-parent-to-home-school-par

08.01.2022 A ship engine failed and no one could fix it. Then they brought in a chap with 40 yrs. on the job. He inspected the engine very carefully, top to bottom. After looking things over, the guy reached into his bag and pulled out a small hammer. He gently tapped something. Instantly, the engine lurched into life. ... The engine was fixed! 7 Days later the owners got his bill for $10,000 What?! the owners said You hardly did anything.Send us an itemized bill. The reply simply said: Tapping with a hammer. $2 Knowing where to tap? $9,998 Dont Ever Underestimate Experience.

06.01.2022 Want to create a high performance business where your staff think like business owners? An Employee Share Option Plan can be a tax-efficient way to create an equity ladder for your employees, giving them skin in the game. The benefits? ... Boosts performance Engages employees Reward and retain talent Interested in creating a thriving business and a high performance team environment? Contact us: https://ibamcy.com.au/contact-us/

06.01.2022 Want to create a high performance business where your staff think like business owners? An Employee Share Option Plan can be a tax-efficient way to create an equity ladder for your employees, giving them skin in the game. The benefits?... Boosts performance Engages employees Reward and retain talent Interested in creating a thriving business and a high performance team environment? Contact us: https://ibamcy.com.au/contact-us/

05.01.2022 Before you plan your next financial move in your business, make certain that you know those who you are negotiating with, as this story (not originally ours) well illustrates. Little Johnny had just passed his driving test and inquired of his father as to when they could discuss his use of the car. His father said hed make a deal with his son, You bring your grades up from a C to a B average, study your Bible a little, and get your hair cut. Then well talk about the car.... The Little Johnny thought about that for a moment, decided hed settle for the offer, and they agreed on it. After about six weeks his father said, Son, youve brought your grades up and Ive observed that you have been studying your Bible, but Im disappointed you havent had your hair cut. The Little Johnny said, You know, Dad, Ive been thinking about that and Ive noticed in my studies of the Bible that Samson had long hair, John the Baptist had long hair, Moses had long hair, and theres even strong evidence that Jesus had long hair. (Youre going to love Dads reply!) Did you also notice they all walked everywhere they went. See more

05.01.2022 In unpredictable and unprecedented times, its articles like this that are well worth reading and putting into an action plan. Written by someone I highly respect. Craig West is a leading Business Advisor and someone worth following. Business Continuity plan roadtest -bought to you by COVID-19... https://www.linkedin.com//business-continuity-plan-roadtes

02.01.2022 If you like this post, use the heart emoji. Today was a Difficult Day, said Pooh. There was a pause. Do you want to talk about it? asked Piglet.... No, said Pooh after a bit. No, I dont think I do. Thats okay, said Piglet, and he came and sat beside his friend. What are you doing? asked Pooh. Nothing, really, said Piglet. Only, I know what Difficult Days are like. I quite often dont feel like talking about it on my Difficult Days either. But goodness, continued Piglet, Difficult Days are so much easier when you know youve got someone there for you. And Ill always be here for you, Pooh. And as Pooh sat there, working through in his head his Difficult Day, while the solid, reliable Piglet sat next to him quietly, swinging his little legshe thought that his best friend had never been more right. Sending thoughts to those having a Difficult Day today and hope you have your own Piglet to sit beside you. See more