Double‑entry bookkeeping, explained simply for Aussie small businesses (and why it matters)
Double‑entry bookkeeping can feel like a foreign language when you’re juggling everything in your small business. But getting it right means your cash flow stays healthy, your BAS and GST […]
Monthly KPIs that matter and how to track them in MYOB and Xero
Most small business owners miss the key monthly business KPIs that could spot trouble early and boost profits. If tracking figures in MYOB or Xero feels like a chore, you’re […]
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How to track job and project profitability more effectively
For service-based and project-driven businesses, success isn’t just about landing work, it’s about making each job profitable. Too often, business owners don’t know how much profit (or loss) they made […]
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Competing and pricing confidently in a cost-pressured market
Rising costs, tighter budgets, and more price-sensitive customers are challenging every business. When material, people and supply chain expenses keep climbing, and customers hesitate to pay more, the solution isn’t […]
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7 step strategy to increase sales
If you want to increase sales as quickly as you can, you’re going to need an efficient marketing plan and a highly targeted sales strategy. Step 1. Sell more to […]
How to retain your best employees
Employees are the face of your brand, guardians of your intellectual property and ideas, and the biggest driver of business growth. Not only is employee turnover disruptive, stressful and time-consuming, […]
Identifying when it’s time to hire your first employee
Hiring an employee is a significant milestone for any business. Not only are you expanding your team, but you’re freeing up time so you can focus on growing and building […]
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Collecting your money faster
Credit limits are designed to prevent debt from escalating out of control. Put a credit limit on all customer accounts and then put an automatic ‘stop credit’ on any overdue […]
Lessons learned from global disruption and looking ahead
While it may be challenging to predict what the future holds, history shows us that economies will eventually recover from major disruptions. It’s useful to reflect on how your business […]
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Tips to improve your profit margin
Increasing sales might make more profit for your business but consider increasing profit margins, especially if there is limited opportunity to increase sales. Growing your business can be achieved by […]
Tactics to avoid running out of money
A business can survive for a short time without sales or profits, but not without cash. It is cash which pays the bills and allows trading to continue. If you […]
Metrics to measure business progress
Here are 5 important metrics to pay attention to when it comes to the success of your business, including ways you can improve them. 1. Gross margin Gross margin is […]
What to do if you have a cash crisis
Dealing with a sudden cash flow crisis, even if you’re working hard to avoid shortfalls, is hugely distracting. A formerly reliable customer might take much longer to pay than anticipated […]
Your social responsibility to employees
Businesses are increasingly aware of their impact on society as much as for their products and services. How businesses treat their employees directly influences public perception and attractiveness to skilled […]
A guide for effective cash flow management
An up-to-date business cash flow forecast can help you manage your business more efficiently. It’s an estimate of the amount of money you expect to flow in and out of […]
Pricing mistakes that cost your business more than you think
Pricing can make or break a business. Yet for many small business owners, setting the right price is more guesswork than strategy. Whether you’re undercharging, reacting to competitors, or failing […]
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Deciding when to raise your prices
Raising prices can feel risky. You may worry about losing loyal customers or damaging your reputation. But if your costs are rising, your services are expanding, or your margins are […]
Stay alert from ATO scams
Criminals are impersonating the ATO to steal identities, access bank accounts, and defraud Australians, often using highly convincing emails, SMS messages, and phone calls. There has been a dramatic increase […]
Raising equity capital
Equity capital involves selling a portion of your business in exchange for cash. It’s often ideal for startups or businesses in high-growth phases that need significant funding for expansion. There […]
ATO tax debt to become more expensive from July 2025
If you currently owe money to the ATO, it’s about to get more costly. From 1 July 2025, the two most common interest charges the ATO applies to late or […]
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