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Tools & insight

Worth ten minutes.

Tools, opinion and reading. Free, no sign-up, published one at a time.

Worth knowing

Numbers worth a minute each.

One data point at a time — each one relevant to any owner-led business, with the source attached. Added as they earn it.

$29,000

What being paid late costs the average Australian SME per year — cash funding your customers’ businesses instead of yours.OneBook SME Cash Flow Report, 2026

$35.9b

What small business owed the ATO at 30 June 2025 — two thirds of every dollar the Tax Office is chasing, and up 118% in six years. Collection stopped being patient some time ago.ANAO, Auditor-General Report No. 45 of 2025–26

$26,800

The average tax debt carried by each of the 1.3 million small businesses that owe one. This is not a handful of large failures. It is the ordinary business, quietly behind.ANAO, Auditor-General Report No. 45 of 2025–26

90%

The share of SMEs using their adviser mainly for compliance and admin — not strategy or growth. The tax return tells you what happened last year; nobody is paid to say what should happen next quarter.Findex SME Growth Index, 2026

375,331

Australian businesses that closed in the year to June 2026 — more than a thousand a day, and close to one in seven of everything trading. More opened than closed, so this is churn rather than collapse. It is still a lot of owners finding out late.ABS, Counts of Australian Businesses, released 18 August 2026

Balfene Signals · weekly

Four numbers that matter to your business. Every Monday.

One subject a week, told through four numbers that build on each other — what they mean, and the questions to ask of your own business. Every figure sourced. Free, and one email.

One email a week. Unsubscribe any time.

Balfene Signals issue 01: Busy is not the same as okay. Four numbers: 375,331 businesses stopped trading; $35.9 billion owed to the ATO; a $26,800 average debt; invoices paid six days late.
Issue 01 · Busy is not the same as okay
Favourite reads

The shelf I actually go back to.

Eight books that changed how I price risk, judge management, read a cycle, keep changing, and stay calm through all of it.

William Thorndike

The Outsiders

Eight unconventional CEOs who beat the market by treating capital allocation — not operations — as the CEO’s real job. The best short course on what a great owner actually does.

Goodreads ↗
Carmen Reinhart & Kenneth Rogoff

This Time Is Different

Eight centuries of financial crises, and the same four words spoken before every one of them. The reason I hold cash discipline above growth stories.

Goodreads ↗
Thomas Piketty

Capital in the Twenty-First Century

Two centuries of data on one quiet law: when the return on capital outruns growth, wealth compounds to the owners of assets, not the earners of wages. The strongest case ever assembled for owning the business rather than just working in one.

Goodreads ↗
Daniel Kahneman

Thinking, Fast and Slow

Why smart people make predictable mistakes with numbers — anchoring, overconfidence, loss aversion. Every negotiation I sit in is this book, live.

Goodreads ↗
Mihaly Csikszentmihalyi

Flow

Decades of research on when life actually feels best — and it is never leisure. It is absorbed, stretching effort with a clear goal and instant feedback. Meaning lives in the doing, not the finishing.

Goodreads ↗
Norman Doidge

The Brain That Changes Itself

Case studies of brains rewiring themselves at every age — they read like fiction and are not. The reason I don’t believe in fixed people, fixed habits, or fixed businesses.

Goodreads ↗
Viktor Frankl

Man’s Search for Meaning

A psychiatrist in the camps discovers the last human freedom: choosing your response. The deepest answer to what actually makes people change — not pressure, a reason.

Goodreads ↗
Marcus Aurelius

Meditations

Private notes from a man running an empire, never meant to be published. Two thousand years old and still the best manual for staying calm while everything demands a reaction — control what you can, let the rest pass.

Goodreads ↗
No pitch, no obligation

Prefer to just talk it through?

Tell me what you are trying to work out and we will run through it together — you will get a straight answer either way, including if the answer is that you do not need me.

About thirty minutes · phone, video or coffee