Hills Business Advisory Services

23/10/2022

An unbeaten 82 from Virat Kohli led India to a stunning last-ball win over Pakistan to supercharge their bid for a first T20 World Cup crown since 2007 at the Melbourne Cricket Ground

25/01/2019

Wishing all our friends and clients Happy Australia Day and Happy Indian Republic Day

09/11/2018

Hills Business Advisors is a niche business which empowers small and medium business owners with knowledge and strategies to improve their cash flow and maintain regular profits. No one-size-fits-all approach - we customise our solutions based on each business we work with. Want to get some cash back in your system? Call Hills Business Advisors on 02 8814 7344

05/11/2018

3 P's of Success

There are hundreds of rules, Do’s & Don’ts and principles of running a business. While most of them are lessons learned by business owners across the years and generously shared by them with the world, it does become a challenge to decide which of these learnings to follow. Every business has its own unique journey, influenced by the team running it and many seemingly universal lessons tend to fall short when it comes to practical application.

However, there are some lessons or learnings which transcend all barriers – cultural, geographic or even personal. These key points are critical to the success of any business regardless of its stage, industry or location.

PRIORITIZE
There is a situation familiar to all business owners. They often feel overwhelmed by the amount of work they have to do.They tend to miss deadlines or just forget to do something important. Result – constantly racing against time and not knowing when to stop. Not the best way to go about work, you’d agree. But what is the solution?

Prioritize – albeit it is easier said than done. So, let us break it down.

The first step is to make a list of all the tasks or items you need to complete. For large projects, identify individual tasks that move the project forward. The key to identifying individual tasks is that you should be able to estimate the amount of time they’d require to be completed. It may be a few hours or days or even weeks but it would help to know how long you’d need to complete them.

Next step is to assess their value – how important is each of the tasks to your business, and in how many ways? This will enable you to successfully choose the most critical ones to attack first.

Once you have made a start with the list, make sure you adhere to it while factoring in unforeseen issues which are part of every business. A good combination of discipline and flexibility will see you work down the list with good speed and success.

PROSPECT
No matter which business you are in, you cannot achieve more success, earn more money, or anything of the sort if you don't seek out the opportunities and then grab them! There is a ton of prospecting for you to do from now and until you retire. Prospecting can come in many forms, you can do it small scale and seek out clients locally and on online forums who need services or products that you can offer them. Or, it can be done on a larger scale where you look to interface with them directly through seminars and workshops.

Prospecting can land you one extra deal this year, or it can land you 1,000 extra deals! How's that for increasing your profits? Even if you successfully obtain one client or make only one sale as a direct result of your extra 'prospecting' you will enhance your business and increase your profits.

Remember, it is all about your business and while you may not able to take time out for prospecting too often, but do it whenever possible. Any time is a good time to update, upgrade and take your business to the next level.

PACE
We all know things are a-changing, but we don’t know how fast and in how many thousands of ways!

Running a business can be a very intensely involving process, leaving little bandwidth to keep an eye on the fast changing world around you.

Difficult as it may be, but you have to keep pace with the world. There is no other way to survive and succeed. New opportunities, and indeed threats, will come out of the changing landscape around you – in the field of IT, communication technology or even better insights into human behavior.

Go out there and see what's hot -- and what people are looking at, falling in love with and buying.How can artificial intelligence affect your business, or the lives of those who buy from you? It's very easy to stick with what you already know and are routinely doing on a daily or weekly basis. But, if you take the time to look around and take in the new stuff, it will certainly benefit the way you approach your business.

Prioritize, Prospect and Pace. Make them part of your business philosophy. Your bottom line will thank you for it.

21/10/2018

THE ENTREPRENEURIAL MINDSET Much before people know what it takes to become an entrepreneur, they know they want to become one. Success stories of big entrepreneurs from around the world, their jet-setting lifestyle all contribute towards creating a glamorous image of the world of entrepreneurs.
All that may be true of course and each one has to chart their own journey. But the truth is that becoming an entrepreneur is a process, not an event or a decision. It is a long-term process with many stages that demand discipline, courage, innovation and self-belief. While every story may differ, there is one universal fact about becoming an entrepreneur anywhere in the world.It all begins in the mind.Among the hardest transitions for individuals is to move from the employee to the entrepreneur mentality. The idea of getting on your own, getting your own business is fantastic.It's the desire of a lot of individuals to leave their jobs and get to be successful business owners. However, is there a transition that has to be made from the employee mentality to the entrepreneur mentality?

Let’s start at the beginning, as they say, and look at some very basic differences between an entrepreneur and an employee. It is a bit light-hearted but these insights are seriously accurate. To read more click here

There are hundreds of rules, Do’s & Don’ts and principles of running a business. While most of them are lessons learned by business owners across the years and generously shared by them with the world, it does become a challenge to decide which of these learnings to follow. Every business has it...

21/10/2018

BUSINESS ACCOUNTING : KEY TO GROWTH AND BETTER MANAGEMENT
Can you successfully run a business without managing your accounts well? The truth is, so many businesses keep trying to march forward while their accounting holds them back.
Running your own business is not a simple task, and perhaps one of the most difficult parts is dealing with the finances -- money coming in, money going out, taxes, payroll, compliance, reports…it’s a long list.

We can help. Call Hills Business Advisors on 02 8814 7344 for a no-obligation chat on how to manage your accounts better and achieve growth in your business.

21/10/2018

BUSINESS PLANNING - IT'S NEVER TOO LATE : Every business owner starts with the aim to achieve certain goals. But very few actually have a road map to get there. We set the goals,but fail to plan.

A business plan is a very important strategic tool for entrepreneurs. A good business plan not only helps entrepreneurs to focus on the specific steps necessary for their to make business ideas succeed, but it also helps them to achieve both their short-term and long-term objectives.

Call Hills Business Advisors on 02 8814 7344 for a no-obligation chat on how to plan for growth in your business.