Change in business the 7 essential principles...& more on our Newsletter Summer Edition 2014

18-Dec-2014

Inside this issue

- Paul's Introduction
- Rish’s Fearless Predictions
- Change in business the 7 essential principles 
- Cooking with Candice

Paul's Introduction

With 2014 coming to an end, I’m extremely delighted to share with you that 2014 has been another productive year for Simeoni. During the year we’ve strived to improve by building relationships both domestically and internationally, by further developing our financial planning division and by also implementing cloud accounting software options in order to get timely and accurate information ensuring the resources necessary to meet our client’s needs are up to date.

We are again very proud of some of the great achievements accomplished by our clients who’ve attained rapid growth and became leaders in their respective industries. Seeing them achieving their goals, gives us a huge sense of pride as we have been able to contribute in a small way.

I would like to thank our committed and dedicated staff and most of all our dearest clients without whose support it would not have been possible to continuously improve our services, efficiencies and turnover.

With this summer edition it is also time to present my popular fearless predictions for next year. However, as 2014 only saw 1 out of 10 correct predictions, Rish has taken charge of this assignment and has predicted the following:

Rish 's predictions for 2015 are...

1)

South Africa to win ICC Cricket World Cup 2015

2)

NSW will win State of Origin again in 2015

3)

Sea Eagles to win NRL Premiership 2015

4)

Interest rates to receive further cuts 25 to 50 basis points in 2015

5)

Julie Bishop would step down as Minister of Foreign Affairs

6)

Japan to win ASIA Cup

7) 

Mike Baird will win NSW state election 2015

8)

 Andy Murray will win the 2015 Australian open

9)

Brad Haddin will retire from test cricket in 2015

10)

 Australian Dollar to fall below $ 0.75 USD

We’ve enjoyed working with you throughout 2014 and look forward to helping you achieve your personal and business goals in the New Year.

The team at Simeoni would like to wish you a wonderful, safe and happy Christmas and a prosperous New Year! Enjoy our newsletter. 

Our office will be closed from: Wednesday 24th December 2014 and the team will return Monday 12th January 2015. If you have any urgent queries during this period, please email us on: simeonico@simeoni.com.au.

 "Tomorrow, is the first blank page of a 365 page book. Write a good one.” 
― Brad Paisle

Change in business - the 7 essential principles I have learnt

1) Decisions aren't permanent.
Never take too long on making big decisions otherwise you will end up missing out on other opportunities. Once your decision is made, stick with it until you realize that it is not working anymore, and then change it. There is no unwritten rule in business stating that you have to stick with a decision just because you’re the CEO.

2) Fail fast.
Failure is the last thing you want to experience, however, sometimes failing at a business endeavor the faster the better. Failing quickly can be a crucial stepping stone on the way to eventual success. It’s best to fail inexpensively and have room to pivot than when your money has run out.

3) Get your first customer fast.
Even when you have nothing to sell, you should know whether or not people will buy your product or service and whether or not you can sell it. If someone is willing to pay because they believe your product or service is great! If you can’t get your first customer quickly enough you then need to rethink about your product, strategy, sales model etc.

4) Take advice. 
While the business is growing challenges becomes inevitable and, to overcome hurdles, it is highly suggested to seek for professional advice. Find a trustworthy practice able to assist you in creating a solid foundation for financial and operational success.

5) Focus on business fundamentals not frills. 
Start by focusing on your core business such as your fundamental business operations and logistics, your strategy and business model and, if your model isn’t profitable or serviceable, look for a model that is.
Don’t start by solely concentrating on building a brand, a name, a logo or marketing material, after all  you start from scratch and there is no trust established yet, no track record and you've barely got a voice. Therefore, focusing first on producing and distributing products or services cost effectively is paramount.

6) When people don’t work out change them. 
One of the most difficult tasks is firing employees, sitting down with someone you've shared hopes with and long hours of toil and tell them it’s time for them to go it’s the part of the job that most people dread. You should not fire anyone unless you are absolutely certain that it is deserved, however, you should not put it off. Deal with it and move forward, it’s best for both of you, even when they might not feel the same. 
If you have provided clear expectations, and have implemented the associated steps and tips on how to best perform, you will be justified in the decision and it should come as no shock to the employee who breaks the rules or is not performing.

7) Paralysis by analysis. 
At some point, we have all found ourselves in the overwhelming grip of this dreaded condition where we simply can’t make a decision no matter how much we want to get to the end zone. It’s better to make the wrong decision than stand still and do nothing. The wrong decision might make you step backwards but you’ll ultimately learn from it and move forward.

Cooking with Candice - Enjoy!

Let It be a hands-off approach to risotto! 

INGREDIENTS:

  • 2 tablespoons olive oil
  • 1 small onion, finely minced
  • 1 garlic clove, finely minced
  • 1 cup arborio rice
  • ⅓ cup dry white wine
  • 3 cups chicken or vegetable broth
  • 4 tablespoons unsalted butter
  • ½ cup grated Parmesan cheese
  • Salt and freshly ground black pepper, to taste
  • Sautéed mushrooms, optional (see Finishing Touches)

METHOD:

1. In a medium pot, heat the olive oil over medium heat. Add the onion and garlic, and cook until the onion is translucent, 4 to 5 minutes.
2. Add the rice and stir to combine, 1 minute. Add the wine and bring to a simmer over medium-low heat. Simmer until the liquid is nearly absorbed, about 6 to 8 minutes.
3. Add the broth 1 cup at a time. Bring the first cup to a simmer and cook until the rice has nearly absorbed all the liquid, 10 to 12 minutes. Then add another cup of broth and let simmer until nearly absorbed. Repeat a third time so that all the broth has been added and absorbed.
4. Add the butter and stir vigorously until the mixture is combined and the butter is melted. (The vigorous stirring brings out the natural starches in the rice, which makes the risotto creamy.)
5. Add the cheese and mix well to combine. Season the risotto with salt and pepper to taste. To serve, spoon the risotto onto plates and top with sautéed mushrooms, if using. Serve immediately.

Contact us now to see how our accounting experts can help.


Share:

Please wait... loading