HughFromAlice's video: Free Calculator How Much Money Can We Take Out Money Story: Indigenous Village Small Businesses

http://littlefish.com.au Instruction vid for your calculator. Mainstream small business version available. You don't need to be an accounting expert. Calculator is free! Contact us ...ツ For Indigenous Stores. Just input a few easy to understand targets & out comes the Funds Available total. A high level of risk management is built in. This is a transparent and straightforward to work out how much money can be released as profit when community store owners ask you. Calculator integrated into the Money Story ® system. Many small business owners fall into the trap of thinking that if their business has made a profit or if there is 'lots' of money in the bank, then they can automatically take money out. It can be very confusing. The calculator does all the hard work for you and can help you avoid such pitfalls. As we said, you don't need to be an accounting expert. Just follow the simple rules and input a few easy to understand targets. The calculator is a great help to managerial staff -- like store managers - who don't have an in depth accounting background. When they see how the calculator operates (and for big organization's how your finance department worked out how much funds could be made available) they will be able to give a much clearer explanation to store owners about why 'cash profit' to owners is available or not. Every small business owner wants a clear explanation of how their business is going and if they have enough Funds Available to reinvest or draw out of the business as cash. When an owner asked this question and an answer is given that does not seem clear and explicit to them, then this is fertile ground for mistrust to grow Clear transparent understandable explanations are part of the foundation of moving Indigenous owners -- community members and committee members - away from depending on experts and outsiders towards genuine control of their own businesses. ------------------------------------------------------------------------------ The Australian Commonwealth Government, through the Department of Families, Housing, Community Services and Indigenous Affairs (FaHCSIA) has been putting in a lot of funding over the last few years - and is continuing to do so over at least the next 2 or 3 years - supporting community stores so that they are well run and provide food security to people living on Indigenous Communities. The key thing to remember is, that on most communities, the people are the owners of their store. They have key questions about their businesses that are the same as small business owners anywhere. Questions like - Does my business fit in with my life style? If I have a manager managing it for me, I am really in the know and in control? Is my business making a profit? If it is, then how much money can I take out of my business for my family holiday or to do something special? Long experience of working in this field has led both Little Fish - and Little Fish's partner company, OT3 - to the firm conclusion that a great many people on Indigenous communities are proud of their stores, would like to see a local Indigenous person be able to manage their store effectively and would like to be in full control of their own business. We hope that this video provides one step forward on that journey. In main stream it is clearly understood that if the owners of a small business are not highly motivated to support it then it is at high risk of failure. Why should Indigenous businesses be any different?