Blogs + Articles

Finance thoughts for non-finance people.

Blogs + Articles

Finance thoughts for non-finance people.

© 2020 Justice. All Rights Reserved

© 2020 Justice. All Rights Reserved

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The Fundamentals Of A Successful Business

August 07, 20232 min read

Running a successful business requires a deep understanding of three key pillars: Purpose, Money, and Mindset.

By gaining clarity in these areas, you can lay a solid foundation for your business's growth and success.

“When you don't put energy into the foundations, it's like building on uneven or moving ground.”

Continuously evaluate and refine these pillars to ensure your business's long-term success. Achieving growth or being able to scale your business without them is like building a house on rocky foundations.

Let Your Purpose Guide Your Decisions

Having a clear sense of purpose is essential for any business. It acts as your guiding compass, providing direction and motivation. Your purpose defines why your business exists and the impact it aims to make.

I believe purpose is one of the fundamental guardrails that keeps you moving forward towards you end goals. 

Take a moment to reflect on your business's purpose. Does it resonate with you? Is it aligned with your values and passions? Your purpose should inspire both you and your team, as well as resonate with your target audience.

Money Is The Lifeblood Of Your Business

Financial management is a critical aspect of running a successful business. Understanding your cash flow, profit margins, and expenses is crucial for making informed decisions and ensuring long-term sustainability.

Assess your financial literacy. Do you have a solid understanding of your business's financial health? Are you tracking your revenue and expenses diligently? Consider seeking professional help if managing finances is not your strong suit.

The Key To Success Is Mindset

Your mindset plays a vital role in your business's growth and overcoming challenges. A growth mindset, characterised by resilience, adaptability, and a willingness to learn, is crucial for navigating the ever-changing business landscape.

Take a moment to reflect on your mindset. Are you open to new ideas and willing to embrace change? Do you view failures as learning opportunities? Cultivating a positive and growth-oriented mindset can significantly impact your business's success.

By gaining clarity in these core, foundational areas of your business will help you make informed decisions and lay a solid foundation for growth. When you don't put energy into the foundations, it's like building on rocky or uneven ground. Conversely when you take the time to ensure the basis of your business is constantly and consistently strong and well supported your business has a solid place to grow from.

blog author image

Vanessa Bamford

With over a decade of experience as an Accountant and Business Strategist in independent business, social enterprise, and within the no-for-profit sector, Vanessa has a unique understanding of all the moving parts of the business ecosystem including; people and culture, systems and processes, as well as a passion for human behaviour and business development.

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blog image

The Fundamentals Of A Successful Business

August 07, 20232 min read

Running a successful business requires a deep understanding of three key pillars: Purpose, Money, and Mindset.

By gaining clarity in these areas, you can lay a solid foundation for your business's growth and success.

“When you don't put energy into the foundations, it's like building on uneven or moving ground.”

Continuously evaluate and refine these pillars to ensure your business's long-term success. Achieving growth or being able to scale your business without them is like building a house on rocky foundations.

Let Your Purpose Guide Your Decisions

Having a clear sense of purpose is essential for any business. It acts as your guiding compass, providing direction and motivation. Your purpose defines why your business exists and the impact it aims to make.

I believe purpose is one of the fundamental guardrails that keeps you moving forward towards you end goals. 

Take a moment to reflect on your business's purpose. Does it resonate with you? Is it aligned with your values and passions? Your purpose should inspire both you and your team, as well as resonate with your target audience.

Money Is The Lifeblood Of Your Business

Financial management is a critical aspect of running a successful business. Understanding your cash flow, profit margins, and expenses is crucial for making informed decisions and ensuring long-term sustainability.

Assess your financial literacy. Do you have a solid understanding of your business's financial health? Are you tracking your revenue and expenses diligently? Consider seeking professional help if managing finances is not your strong suit.

The Key To Success Is Mindset

Your mindset plays a vital role in your business's growth and overcoming challenges. A growth mindset, characterised by resilience, adaptability, and a willingness to learn, is crucial for navigating the ever-changing business landscape.

Take a moment to reflect on your mindset. Are you open to new ideas and willing to embrace change? Do you view failures as learning opportunities? Cultivating a positive and growth-oriented mindset can significantly impact your business's success.

By gaining clarity in these core, foundational areas of your business will help you make informed decisions and lay a solid foundation for growth. When you don't put energy into the foundations, it's like building on rocky or uneven ground. Conversely when you take the time to ensure the basis of your business is constantly and consistently strong and well supported your business has a solid place to grow from.

blog author image

Vanessa Bamford

With over a decade of experience as an Accountant and Business Strategist in independent business, social enterprise, and within the no-for-profit sector, Vanessa has a unique understanding of all the moving parts of the business ecosystem including; people and culture, systems and processes, as well as a passion for human behaviour and business development.

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Sarah Stiles

client account manager

Sarah has vast experience in bookkeeping, payroll, Xero, and cloud software set up. She's currently growing her qualifications studying a Diploma of Accounting.


With a passion for working with not-for-profit organisations and business that are making a difference in our community, Sarah loves helping others achieve their goals using her accounting smarts.


Three fun facts about me...

I spent 4 years of my childhood living in remote Northern Territory

I love food, especially chocolate

I am a dance mum and love watching my daughter dance more than anything

Sarah Stiles

client account manager

Sarah has vast experience in bookkeeping, payroll, Xero, and cloud software set up. She's currently growing her qualifications studying a Diploma of Accounting.


With a passion for working with not-for-profit organisations and business that are making a difference in our community, Sarah loves helping others achieve their goals using her accounting smarts.

Three fun facts about me...

☞ I spent 4 years of my childhood living in remote Northern Territory


☞ I love food, especially chocolate


☞ I am a dance mum and love watching my daughter dance more than anything

Rhedyn Lemaire

client account assistant

client services administrator

Rhedyn is our resident customer service queen. She's passionate about empowering her clients with next level account management services and will quickly become a trusted part of your virtual finance team.


A life long learner, Rhedyn is currently studying a Diploma of Payroll Services and Cert IV Bookkeeping and Accounting.


Away from work she's an experienced debater and commanding public speaker.

Three fun facts about me...

I'll happily speak in front of hundreds of people - but don't ask me to sing in public!

I love reading and writing book reviews.

I'm an animal lover and have had many different types of pets over the years.

Rhedyn Lemaire

client account assistant

client services administrator

Rhedyn is our resident customer service queen. She's passionate about empowering her clients with next level account management services and will quickly become a trusted part of your virtual finance team.


A life long learner, Rhedyn is currently studying a Diploma of Payroll Services and Cert IV Bookkeeping and Accounting.


Away from work she's an experienced debater and commanding public speaker.

Three fun facts about me...

☞ I'll happily speak in front of hundreds of people - but don't ask me to sing in public!

☞ I love reading and writing book reviews.

☞ I'm an animal lover and have had many different types of pets over the years.

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