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Secrets To Financial Success Series

Miles Management Consulting Financial Success

Here is Tim’s 5 part series where he  shares the secrets to financial success for business owners.

Have you ever stopped to think what it is that separates a high performing business from one that struggles? A good idea, a detailed business plan, or maybe just a case of sheer good luck?

People go into business because they are technical experts in their field of expertise and they are sick of making money for other people and believe they can do it better i.e. they have entrepreneurial drive.  Business owners aren’t normal.  If we were normal we would be working for someone else for a wage without the hard work, stress and heartache associated with owning a business.

However, very few business owners have a qualification in business and I have found that many are overwhelmed by the finances of their business.

I constantly hear from business owners that ‘I am just a … (concreter, plumber, truck driver, travel agent, etc.) … and I don’t understand numbers.’ The accounting profession has made an art out of complicating a process that in essence is very simple.

5 Secrets to Financial Success Series:

About the Author

Tim Miles
Tim Miles is the co-founder of Miles Management Consulting which supports business owners and leaders to drive better business performance.

Tim has vast experience in the strategic and financial management of businesses with a particular focus on cash flow and profit improvement, strategic thinking and performance reporting.  He has extensive knowledge of business start-ups and acquisitions as well as exit and succession planning.  Tim is an adviser with Supertrac, a corporate advisory firm specialising in business divestments, mergers and acquisitions.

Tim is a Fellow of the Institute of Chartered Accountants (FCA), Graduate of the Australian Institute of Company Directors (GAICD) and a Certified Exit Planning Advisor (CEPA) with the Exit Planning Institute (EPI).

If you have any specific questions or would like to suggest future blog topics, please do not hesitate to contact Tim on tim.miles@milesconsulting.com.au.

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