What to look out for when buying a business
Buying an established business is a great way to enter the business world, or to expand your existing business empire. But purchasing a company isn’t something to enter into lightly. Becoming the prospective owner of a new business means doing your homework, researching the business you plan to acquire and working closely with a team […]
Small Business Skills and Training Boost 2023
The Small Business Skills and Training Boost was announced on 29 March 2022 and became law on 23 June 2023. This initiative provides small businesses with a bonus tax deduction to help them train new staff and upskill existing staff. What do you get? Additional Tax deductions. Who is this for? Small businesses, check if […]
Can business automation streamline your business?
How can business automation streamline your business? Business automation uses technology to streamline and simplify all the repetitive manual tasks, processes and workflows that are part of the everyday running of your business. Instead of spending hours of business time doing everything manually, automated systems can take on most of the heavy lifting. You can […]
How much should you pay yourself?
Being the boss means you get to make all the big decisions about your business – including how much to pay yourself in wages, salary, or drawings. As the owner, you might need to underpay yourself in the early stages of building your business, so you can reinvest the profits. But your time is valuable […]
Should you buy a building for your business?
Tired of paying rent for your commercial premises and considering buying a premises for your business? Owning a building works best if your business is well-established, you have money to invest, and you’re taking a long-term approach – it can take many years for this decision to pay for itself. The advantages of owning a […]
FoMO or JoMO? Give your business decisions (and yourself) a chance to breathe
In reviews of buyer trends and marketing reports, the term FoMO often pops up. It stands for the fear of missing out. It’s the feeling that, whatever you’re doing, you’re missing out on something happening somewhere else, a product or experience you just must have. In your marketing campaigns, it’s your friend. Let customers and […]
Small Business Technology Boost 2023
The Small Business Technology Investment Boost was announced on 29 March 2022 and became law on 23 June 2023. This initiative allows eligible small businesses to claim a 20% bonus deduction on technology expenditure to help digitise their business. What do you get? Additional Tax deductions. Who is this for? Small businesses, check the ATO […]
What makes you a good entrepreneur?
Do you dream about starting your own business? And can anyone become an entrepreneur? When you look at the research, there are certain aptitudes, personality traits and business skills that tend to make you a more successful entrepreneur. But can you learn these skills? Or are these innate abilities that some entrepreneurial people are just […]
Plain English guide to cashflow
Why is cashflow so central to good financial management? Here’s our plain English guide. What is cashflow? Cashflow refers to the movement of money into and out of your business over a specific period. In the most basic terms, cashflow is the process of cash moving out of the business (cash outflows), and cash coming […]
How running a lean business model improves your cashflow and efficiency
Keeping your operational expenses under control, while also remaining efficient and meeting customer demand can be a challenge – one that can catch out many new business owners. This is why running your enterprise using a lean business model is such a good idea. By keeping operations, stock and processes to a minimum, you reduce […]
