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Latest RTO/VET News & Resources
Board and Management Reporting
If you are unsure of the health of your RTO/CRICOS you are setting yourself up for failure. Businesses that are aware of their business performance metrics and have clear visibility of potential opportunities and risks are much more likely to succeed. Regular...
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Managing cash flow over Christmas
Previously, we’ve addressed the issue of cash flow and the fact that many RTOs are experiencing difficulties with this area of business operations. Christmas is a tricky time for any business when it comes to cash flow. It is particularly challenging for RTOs, who...
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Need help completing your FVRA tool? You’re not alone!
The Australian Skills Quality Authority (ASQA) recently released its Annual Report for the 2017-18 period. Once again, the figures contained within indicate that ASQA is getting tougher in its approach to compliance, particularly for new entrants to the sector. In the...
read moreCase Study: CRICOS Financial Viability Issues
This case study deals with an RTO who was having difficulty with the financial viability risk assessment as part of their CRICOS application to ASQA.
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Cash flow problems and solutions
Over the last few years there have been some changes to the RTO landscape that have significantly impacted cash flow. It is a problem for many businesses in the Australian market, particularly RTOs that have been operational for some time. Cash flow is the movement or...
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Regional VET still overlooked
Earlier this month, the new-look Coalition Government made its first big pledge in relation to tertiary education. In a joint announcement from new Minister for Small and Family Business, Skills and Vocational Education, Michaelia Cash, and Minister for Education, Dan...
read moreCase Study: Getting the finance department basics right
The client: The college had recently appointed a new CEO and their work was starting to have an impact as student numbers were on the increase again. Profitability was also seemingly increasing, although the accounting department was a mess; suppliers and employees...
read moreCase Study: Structuring advice for a growing RTO business
The client: Our client was the owner of an RTO that was growing rapidly, from $500k in revenue in the first year, to $4m and then $8m the year after. The growth in student numbers, revenue and the high net profit was testament to the client’s hard work. However, the...
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Can I set up a Not-for-Profit for my business?
The not-for-profit sector in Australia is booming, growing at 8% per year, as organisations and individuals see the potential for operating through a structure that receives significant tax and other concessions. With Australia’s charitable organisations generating...
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How healthy is your RTO?
No matter what market you are in, if you don’t know the health of your business, you are setting yourself up for failure. Business owners who are aware of their business performance metrics and have clear visibility of potential opportunities and risks are much more...
read moreFor more information or to book a consultation, click below. Alternatively call us on 1300 724 608 or via email [email protected]