Build it and the money will come: The 5 secrets to a successful building and property development business

Build it and the money will come: The 5 secrets to a successful building and property development business

by Tony Dimitriadis

Paperback

$17.95
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Overview

Are you frustrated with your financial position? Do you have the most tax-efficient structure for your business? Do you want more control over your business and your life?

Finally there is a book for ambitious business owners in the building and construction industry to help them avoid financial pitfalls, increase their profits and take control of their businesses and their lives.

Build It and the Money Will Come demystifies financial management in a simple and practical way. This is a book that focuses on the real issues facing businesses and targets those issues in a simple, five-step framework any business owner can implement.

Mastering the five secrets will ensure you have a plan for the future, be structured appropriately, meet all your commitments, and have the best systems in place for building a financially rewarding, tax-efficient, lifestyle business.

This book does exactly that and will give you all the financial tools to master your business completely.

Product Details

ISBN-13: 9780995445314
Publisher: Grammar Factory Pty. Ltd.
Publication date: 05/24/2017
Pages: 204
Product dimensions: 5.83(w) x 8.27(h) x 0.43(d)

Table of Contents

Contents

Introduction 8

Build it and the money will come 10

Who am I? 11

Keep it simple, stupid 12

Chapter 1: Strategy 13

Where are you going? 14

Defining your mission statement 14

Creating a vision statement 17

Defining your values 18

Setting your one- to three-year goals 21

Where are you now? 23

Profit and loss statement 24

Balance sheet 26

Statement of cash flow 29

Putting it all together 30

How will you get there? 32

Business benchmarks 32

Key performance indictors 34

Taking action 36

Measuring your progress 37

Chapter 2: Structure 38

What are the options? 38

What should you be thinking about? 41

Asset protection 41

Tax minimisation 44

Control 46

Active or passive income 48

Cost 48

Ease of administration 49

Ability to adapt 50

Succession planning 51

Chapter 3: Statutory 53

Compliance requirements 54

Tax 54

Superannuation 55

Workers’ compensation 56

Payroll tax 57

Land tax 57

Stamp duty 60

Chapter 4: Systems 63

Managing cash flow 63

Creating a cash flow forecast 64

Maximising your working capital 66

Managing payments to suppliers 67

Managing work in progress 68

Managing debtors 69

Managing finance 70

Getting the most out of debt finance 72

Refinancing 75

Troubleshooting 76

Chapter 5: Support 79

Working with a virtual CFO versus doing it yourself 82

What are the different ways a virtual CFO can help you and your business? 83

How do you choose a virtual CFO? 84

Conclusion 87

Appendices 89

Appendix A: Taxation issues for property developments

Appendix B: Structuring your property development

Appendix C: Property development and GST

Appendix D: The Small Business Restructure Rollover

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