Resolution – the quality of being determined or resolute So what are your new financial year resolutions for your business in 2021/22? Are you determined to make a change this year and move forward with confidence and fresh ways of looking at your business? Is it my imagination or does each financial year end seem to come around quicker than the last? Here we are once again at the start… Read more
The Federal Budget was released on Tuesday 6th October. This article has a good summary of the “Winners and Losers” of the Budget. You’ll also find a recap of the key points below. Key Points: This budget is based on economic assumptions including that there will be a COVID-19 vaccine rolled out by the end of 2021. Tax cuts for workers – more money in pockets for more Australians. JobMaker… Read more
The Single Touch Payroll deadline is here! If you have employees you need to be ready for Single Touch Payroll! You’ve probably heard about Single Touch Payroll by now. It’s a pretty big deal for any business that has employees. So…what do you need to know and how does it affect you? Hint: Contact us! Keep reading to find out more. What is Single Touch Payroll? Single Touch Payroll (STP)… Read more
Understanding and controlling your debtor days is the key to ensure a steady, reliable cash flow which is crucial for the survival of your business – so taking steps to ensure your customers pay promptly should be a priority. When your clients consistently pay on time, you’ll avoid the dreaded “feast or famine” cycle. You’ll be able to pay your vendors, suppliers, and employees on time – and not least… Read more
An advisory board is an informal group of mentors whose collective business expertise—and objectivity—can help you make better, more informed decisions, thereby accelerating growth. Many remarkable entrepreneurs, including Warren Buffet, Sheryl Sandberg, and Richard Branson, have credited their success, in part, to the advice of their mentors. A good advisory board can kick you out of your comfort zone and propel you into space where “the magic happens”. … Read more
Networking can spark mutually beneficial partnerships, lead to new opportunities, and attract more customers through word of mouth. Making a few good local business connections can go a long way helping your business grow. Small business owners may believe networking isn’t valuable in the age of social media. On the contrary, it’s still vital for people to get to know your face in the community. And fellow business owners are… Read more
As a small business owner it’s hard to juggle your work and outside responsibilities. It’s important to run your business effectively and still have a life outside the office. You need a good balance between work and play for your health and well-being. Small business owners often fall into the trap of working too hard, ending up exhausted from the constant work demands associated with self-employment. So as we say… Read more
Take A Journey with me to Loving Your Numbers? Before we begin on the journey to Loving Your Numbers, let me tell you I love numbers, numbers tell stories, great stories and nightmares. Understanding your numbers story and what it is telling you about your business is a key factor to success and growth, so that’s my business, that’s my passion. Let me also take a moment to introduce you… Read more
Many small-business operators are struggling with paperwork and are making significant personal sacrifices over and above running their day-to-day business. While it’s easy to put the extra work on the backburner, there are several actions small business owners can take to ensure they aren’t caught out at tax time. By starting early as well as seeking out help from their advisers or using accounting software and good bookkeeping routines, SMEs can save a great deal of personal time and stress further down the track.
Benchmarking – the process of comparing business processes & performance metrics to industry standards & best practices from other companies
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Value can be defined as the quality (positive or negative) that renders something desirable or valuable Value is a word which cannot be defined easily in an economic situation. It is intangible and often different according to whom you talk. Ask three completely different people about the “value” attached to a $30.00 shirt and you may well get three entirely different responses which could be:- Great! only $30.00 and look… Read more