Edition 148

As May draws to a close and we look toward the final stretch of the financial year, it’s the perfect time to pause and reflect. How well do you really understand the numbers that drive your business?

In this edition, we’re turning our attention to something small but powerful: understanding the basic financial concepts that can transform the way you manage and grow your business.

Edition 147

Welcome to part two of our Co-operative series. This focuses on the Dumbleyung Co-operative, which would be described as a service-based Co-operative.

When the only general store in Dumbleyung faced closure, locals acted. With guidance from experienced advisors, including our own team at Lincolns, the town launched a service-based Co-op, reopening the store and restoring a vital hub for the community.

Edition 146

As we move forward into the year, we're focusing on a vital aspect of business management that impacts every industry: retaining your top talent.

From creating a positive workplace culture to implementing flexible work policies, our article unpacks the essentials of employee retention.

Edition 145

In this issue, we explore the dynamic world of co-operatives, a business model that champions mutual assistance and community empowerment. It is part 1 of a 4-part series.

Co-operatives operate on principles of collective ownership and democratic decision-making, offering members control and direct benefits.

Edition 144

Throughout the past year, we’ve explored critical milestones in the journey of running and growing a business, highlighting key strategies and practical steps to support your goals. This summary brings all those insights together, offering a roadmap for business owners at every stage of their journey.

Find on this article the timeline of your business needs.

Edition 143

Life has a way of moving in phases, each with its own milestones and accomplishments. We start by growing up, going through school, and learning the skills we need to navigate the world. Then comes the work—a lot of work. As we settle into our careers, we devote years, often decades, to building not just a livelihood, but a foundation for our future. Along the way, we accumulate assets, achieve goals, and, with a little luck, build wealth.

Edition 142

Originally crafted for manufacturing settings, the 5S methodology has broadened its reach, proving invaluable across various industries. This straightforward system encompasses five key principles—Sort, Set in Order, Shine, Standardise, and Sustain—each designed to improve productivity, boost morale, and enhance safety.

Edition 141

Owning a successful business is an incredible journey, yet securing your future through an effective business exit planning is just as crucial. At Lincolns, we often see business owners postpone this strategy, which can lead to diminished business value and increased stress.

Edition 140

Embarking on the journey of starting your own business is an exhilarating ride. Whether you're dreaming of launching a new product, opening a storefront or offering services, getting everything right from the get-go is key. Let’s break down the essential steps in a friendly, easy-to-digest format to ensure you're on the right path!

Edition 139

As advances in technology and medicine continue to push the boundaries of what's possible, living a longer and healthier life is becoming more than just a dream of the past. But longevity doesn't just happen; it requires thoughtful, proactive planning.

In this issue, we explore essential strategies to ensure that you are not only prepared for a longer life but are also able to enjoy it with quality and purpose.

Edition 138

Business risk is an inevitable part of running a company but understanding and mitigating these risks can make all the difference. From employee injuries and customer disputes to cyber threats and financial downturns, the potential hazards are numerous. Our latest article explores how having the right business structure and adequate insurance can safeguard against these risks.

Edition 137

Last week the Federal Treasurer, Jim Chalmers, handed down the government’s annual budget. As a viewing spectacle it’s not exactly riveting telly (trust me, I watched it) but it is very informative. Each year the government sets out its economic agenda and forecasts. We have summarised the items in this Budget which are the most relevant for our clients.