Now that your wild end of financial year celebrations are winding down (okay, maybe only accountants do that), it is time to take stock of your business' current financial position and review your business plan. Over 2,500 years ago, the Greek philosopher Heraclitus was credited with penning the quotation "The only thing that is constant is change." Looking to the 2017-2018 financial year, it is not just the taxi industry that has had to adapt as new competitors and ways of doing business enter the market. Retailers in Australia have the expansion of Amazon. Hoteliers have the rise of sites like Air BnB. Within smaller regional areas, even the opening of a new competitor to the market (e.g. coffee shop, restaurant, mechanic, IT consultant, medical practice) can significantly impact on existing businesses. Only businesses that are nimble, in touch with what their customers want, and financially sound will continue to grow and prosper.  Over the coming weeks I'm going to be posting advice on how you can review your current operations to give yourself the best chance of success this financial year.