--- title: How healthy is your business? description: How healthy is your business? image: https://www.altusfinancial.com.au/hubfs/Page_Banners/altus-blog.jpg --- [![Logo](https://www.altusfinancial.com.au/hubfs/Logo.svg "Logo")](https://www.altusfinancial.com.au/) - [![](https://www.altusfinancial.com.au/hubfs/1.%202017%20Assets/Dark_Phone.svg)](tel:+61289083444) [![Talk with us](https://no-cache.hubspot.com/cta/default/512115/6a87cb2e-17ae-43a1-93c7-da9582e08c36.png)](https://cta-redirect.hubspot.com/cta/redirect/512115/6a87cb2e-17ae-43a1-93c7-da9582e08c36) ##### Accounting & Business Services ##### Wealth Services ##### Lending Sources ##### [Need Real-life Advice?](https://www.altusfinancial.com.au/request-a-consultation) [![Talk with us](https://no-cache.hubspot.com/cta/default/512115/6a87cb2e-17ae-43a1-93c7-da9582e08c36.png)](https://cta-redirect.hubspot.com/cta/redirect/512115/6a87cb2e-17ae-43a1-93c7-da9582e08c36) [![page-1 (5)](https://www.altusfinancial.com.au/hubfs/page-1%20(5).svg "page-1 (5)")](https://www.altusfinancial.com.au) - ![](https://www.altusfinancial.com.au/hubfs/Assets%20Jan%202019/Images/group-14%20(1).svg)![](https://www.altusfinancial.com.au/hubfs/Assets%20Jan%202019/Images/group-17%20(1).svg) - ##### MENU - [![](https://www.altusfinancial.com.au/hubfs/Assets%20Jan%202019/Images/phone-call%20(6).svg)![](https://www.altusfinancial.com.au/hubfs/Assets%20Jan%202019/Images/phone-call-2.svg)](tel:1300832962) - ##### MENU [![Talk With Us](https://no-cache.hubspot.com/cta/default/512115/11099956-4246-4311-83f2-64fc6560f370.png)](https://cta-redirect.hubspot.com/cta/redirect/512115/11099956-4246-4311-83f2-64fc6560f370) - [![](https://www.altusfinancial.com.au/hubfs/Assets%20Jan%202019/Images/phone-call-2%20(1).svg)](tel:+61%202%208908%203444) - ![](https://www.altusfinancial.com.au/hubfs/close.svg) CLOSE - [Instagram](https://www.instagram.com/altus_financial/) - [LinkedIn](https://www.linkedin.com/company/2339369/admin/) - [Facebook](https://www.facebook.com/AltusFinancial/) - [Business (242)](https://www.altusfinancial.com.au/blog/topic/business) - [Strategy (150)](https://www.altusfinancial.com.au/blog/topic/strategy) - [Wealth (142)](https://www.altusfinancial.com.au/blog/topic/wealth) - [Super (56)](https://www.altusfinancial.com.au/blog/topic/super) - [CFO (48)](https://www.altusfinancial.com.au/blog/topic/cfo) - [Growth (38)](https://www.altusfinancial.com.au/blog/topic/growth) - [Business Succession (25)](https://www.altusfinancial.com.au/blog/topic/business-succession) [![Helpful Resources](https://no-cache.hubspot.com/cta/default/512115/11b7293b-309b-4f1b-af85-27ec1dd19a35.png)](https://cta-redirect.hubspot.com/cta/redirect/512115/11b7293b-309b-4f1b-af85-27ec1dd19a35) Request a Consultation - Close![](https://www.altusfinancial.com.au/hubfs/Assets%20Jan%202019/Images/close%20(3).svg) ## Request a Consultation - [Wealth](https://www.altusfinancial.com.au/blog/topic/wealth) - [Super](https://www.altusfinancial.com.au/blog/topic/super) - [Tax](https://www.altusfinancial.com.au/blog/topic/tax) # [Division 296 tax: what high-balance super members need to do now](https://www.altusfinancial.com.au/blog/division-296-tax-what-high-balance-super-members-need-to-do-now) From 1 July 2026, Division 296 will introduce additional tax on superannuation balances above $3 million. For many Australians, this will be a marginal change. For high-balance super members, it’s something more significant — a shift that could reshape how sup..... ###### Altus Team #### Latest Posts [Wealth](https://www.altusfinancial.com.au/blog/topic/wealth), [Super](https://www.altusfinancial.com.au/blog/topic/super), [Tax](https://www.altusfinancial.com.au/blog/topic/tax) ##### [Division 296 tax: what high-balance super members need to do now](https://www.altusfinancial.com.au/blog/division-296-tax-what-high-balance-super-members-need-to-do-now) [Business](https://www.altusfinancial.com.au/blog/topic/business), [FBT](https://www.altusfinancial.com.au/blog/topic/fbt), [Accounting](https://www.altusfinancial.com.au/blog/topic/accounting) ##### [Common FBT Questions and Answers](https://www.altusfinancial.com.au/blog/common-fbt-questions-and-answers) [Super](https://www.altusfinancial.com.au/blog/topic/super), [Business](https://www.altusfinancial.com.au/blog/topic/business) ##### [Pay Day Super Is Coming: What SMEs Should Be Doing Now](https://www.altusfinancial.com.au/blog/pay-day-super-is-coming-what-smes-should-be-doing-now) [Lending](https://www.altusfinancial.com.au/blog/topic/lending) ##### [Supporting the Next Generation into Property](https://www.altusfinancial.com.au/blog/supporting-the-next-generation-into-property) [Wealth](https://www.altusfinancial.com.au/blog/topic/wealth), [Budget](https://www.altusfinancial.com.au/blog/topic/budget), [Risk](https://www.altusfinancial.com.au/blog/topic/risk) ##### [Rising Insurance Premiums: What’s Really Going On, and What You Can Do About It](https://www.altusfinancial.com.au/blog/rising-insurance-premiums) [Business](https://www.altusfinancial.com.au/blog/topic/business) - 4 min read ## [How healthy is your business?](https://www.altusfinancial.com.au/blog/how-healthy-is-your-business/) ###### Roy Ditmarsch - SHARE: - [**](http://www.linkedin.com/shareArticle?mini=true&url=https://www.altusfinancial.com.au/blog/how-healthy-is-your-business/) - [**](https://www.twitter.com/share?url=https%3A%2F%2Fwww.altusfinancial.com.au%2Fblog%2Fhow-healthy-is-your-business%2F) - [**](https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fwww.altusfinancial.com.au%2Fblog%2Fhow-healthy-is-your-business%2F) At Altus, we are constantly surprised that a large proportion of small business owners don’t invest in the health of their business in the same way they would their own personal health and well-being. We say “surprised” as ultimately it’s their business that provides them with the means to lead a healthy life.  It begs the question as to what does “healthy” mean? The answer of course is that it means different things to different people. That being said, we live in a world that is fairly regulated and benchmarked which creates precedents as to what is generally accepted as being healthy. For those of us that see our GP and have a regular medical, we are typically informed about our blood pressure, cholesterol and so forth and how we compare to what is generally accepted. Typically we hear that we should drink less, eat better and exercise more and do that on a regular and consistent basis - which of course is all great advice. Those that follow that advice are more than likely to be “healthier”. So, when we crazily decide to come off the bench and participate in the office touch footy competition, it’s probable we will feel marginally better than if we didn’t follow such advice. Our experience with SME’s is that the health check-up is not at the front of their minds and as consequence, they are generally not that healthy. Their touch footy experience usually comes in the form of something happening in their business - such as the need for finance, the entry of a business partner, or the sale of the business and it is during these events that their health is never more sorely tested. Typically, the unhealthy SME is forced into boot camp to get fit very quickly, otherwise it simply cannot respond and keep up with the issue at hand. (Now for those of you that have been to boot camp will recall, it’s tough, demanding, time consuming and distracting and the smart ones amongst us learn from that and commit to remaining a little healthier. But irrespective, you either get fit or fail to achieve the outcome). So, why would you run a business at sub potential all your business life? Being consistently healthier means you are more in control, hitting more objectives and making it look and feel easier. Plus it’s more profitable along the way! Why are businesses often unhealthy? ... Lack of education, lack of motivation and not wanting to spend the money getting fit are some of the reasons that spring to mind. At some stage your business is going to need to be healthy otherwise it won’t realise its true potential and value and eventually you will need to make the necessary investment. We all know what it feels like to be unhealthy and similarly, we know what it takes to be really healthy – which one do you prefer? ![Altus-Financial-your-healthy-business](https://www.altusfinancial.com.au/hs-fs/hubfs/Blog-images/Altus-Financial-your-healthy-business.jpg?width=415&name=Altus-Financial-your-healthy-business.jpg) ### Is your business healthy? Take our test to find out 1. Does your business financial performance reflect your strategy? If not, why? 2. Do you understand the financial metrics and trends of your business and are you able to articulate them? 3. Are the business's legal affairs in order? 4. Do you know and understand who your top 20 clients are and which market sector they belong to? 5. Are your business assets insured and its Intellectual Property protected? 6. Are all your compliance matters completely up to date? 7. Are the business's banking arrangements inside their covenants and have any been breached in the past? If so why? 8. Can you display a growing and profitable financial performance trend? If not, why? 9. What steps are you taking to ensure your business is innovating to stay competitive? 10. Do you have the right people, “on the bus”, doing the right thing? Answered no to any of these? We'd like to help. Call or email [Roy Ditmarsch](mailto:roy.ditmarsch@altusfinancial.com.au) or your Altus Adviser. [![Do you remember what it looks and feels like to have a healthy business?](https://no-cache.hubspot.com/cta/default/512115/98289be6-71b5-4cdd-b398-2a3753881c52.png)](https://cta-redirect.hubspot.com/cta/redirect/512115/98289be6-71b5-4cdd-b398-2a3753881c52) ### **Could Your Business Benefit from an Outsourced CFO?** Set your business on the right path with this simple guide. [Access the Guide](https://www.altusfinancial.com.au/cfo-landing-page) ![Could Your Business Benefit From an Outsources CFO_Resources](https://www.altusfinancial.com.au/hs-fs/hubfs/1.Offers/Could%20Your%20Business%20Benefit%20From%20an%20Outsourced%20CFO/Could%20Your%20Business%20Benefit%20From%20an%20Outsources%20CFO_Resources.jpg?width=582&height=386&name=Could%20Your%20Business%20Benefit%20From%20an%20Outsources%20CFO_Resources.jpg) ## Financial insights you won’t delete. 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[Access the Checklist](https://www.altusfinancial.com.au/prospective-business-owner-succession) ![Business Owner - Succession Checklist_Resources](https://www.altusfinancial.com.au/hs-fs/hubfs/1.Offers/Business%20Owner%20-%20Succession%20Checklist/Business%20Owner%20-%20Succession%20Checklist_Resources.jpg?width=581&height=386&name=Business%20Owner%20-%20Succession%20Checklist_Resources.jpg) #### Featured authors [Adam Montana](https://www.altusfinancial.com.au/blog/author/adam-montana) [See all articles](https://www.altusfinancial.com.au/blog/author/adam-montana) [Alex Bouris](https://www.altusfinancial.com.au/blog/author/alex-bouris) [See all articles](https://www.altusfinancial.com.au/blog/author/alex-bouris) [Alex Thomaschuetz](https://www.altusfinancial.com.au/blog/author/alex-thomaschuetz) [See all articles](https://www.altusfinancial.com.au/blog/author/alex-thomaschuetz) [Altus Team](https://www.altusfinancial.com.au/blog/author/altus-team) [See all articles](https://www.altusfinancial.com.au/blog/author/altus-team) ###### Have a question for Roy Ditmarsch? 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[Send a message](mailto:roy.ditmarsch@altusfinancial.com.au) ![close (1)](https://www.altusfinancial.com.au/hubfs/Altus_LP_Images/close%20(1).svg) #### Related Insights [Business](https://www.altusfinancial.com.au/blog/topic/business), [FBT](https://www.altusfinancial.com.au/blog/topic/fbt), [Accounting](https://www.altusfinancial.com.au/blog/topic/accounting) - 7 min read ##### [Common FBT Questions and Answers](https://www.altusfinancial.com.au/blog/common-fbt-questions-and-answers) [Super](https://www.altusfinancial.com.au/blog/topic/super), [Business](https://www.altusfinancial.com.au/blog/topic/business) - 2 min read ##### [Pay Day Super Is Coming: What SMEs Should Be Doing Now](https://www.altusfinancial.com.au/blog/pay-day-super-is-coming-what-smes-should-be-doing-now) [Business](https://www.altusfinancial.com.au/blog/topic/business), [Real Estate](https://www.altusfinancial.com.au/blog/topic/real-estate) - 3 min read ##### [The New Power Partnership: Why Agents and Accountants Are the Real Deal-Making Force in Property](https://www.altusfinancial.com.au/blog/the-new-power-partnership-why-agents-and-accountants-are-the-real-deal-making-force-in-property) [Business](https://www.altusfinancial.com.au/blog/topic/business), [FBT](https://www.altusfinancial.com.au/blog/topic/fbt), [Accounting](https://www.altusfinancial.com.au/blog/topic/accounting) - 6 min read ##### [Everything You Need to Know About Fringe Benefits Tax (FBT)](https://www.altusfinancial.com.au/blog/everything-you-need-to-know-about-fringe-benefits-tax-fbt) ## Financial insights you won’t delete. 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