Profit First Professionals Australia · Blog

The 4 Essentials That Make a Business Sustainable and Profitable

SMEs (small to medium enterprises) are vital to the Australian economy. They contribute to 57% of Australia’s GDP (gross domestic product). And as we know, going into business has a very high failure rate. In fact, over 50% of Australian SMEs have only been in business for 10 years or less. Further to this, only […]

Setting Up a Profitable Small Business: The 4 Key Structures You Need in Place

Running a small business is no easy feat. There’s always something else on your never-ending list of responsibilities and when you’re forever slogging away in your business for little to no return it’s easy to wonder if it’s all worth it. If this is where you’re at, it’s time for you to review whether you […]

Is Profit First right for your business? Here’s how to tell

If you’re a small business owner, you already know the ugly figure that haunts new businesses: two to three years. That’s how long it takes the average new business to start seeing a profit. It makes sense: running a business is expensive. Nearly every new business is founded already in debt, and it takes a […]

How Much Are Debt Repayments Really Costing Your Business?

Quick question: how much money does your small business spend on debt repayments every month? Is that number higher than you’d like it to be? You’re not alone. Unless you’re independently wealthy or have the backing of an angel investor, your small business probably needed a loan to get off of the ground. On top […]

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