Making data meaningful in your business
Raw data represents the information and figures that a business generates each day. Over time, organisations accumulate significant amounts of data; however, it only becomes meaningful once it has been processed and given context, relevance, and purpose. For instance, a restaurant records every customer order. While reviewing each order individually may offer little insight, analysing […]
Do you know the environmental impacts of your business?
The Federal Government has recently announced an ambitious climate target for 2035, committing Australia to reduce greenhouse gas emissions by between 62% and 70% below 2005 levels. Achieving this goal will require coordinated action across all sectors of the economy — from major corporations through to small and medium-sized enterprises. As environmental accountability becomes increasingly […]
Your 101 guide to Environmental, Social and Governance (ESG)
Every business, regardless of its size or industry, affects the environment and the communities in which it operates. Responsible business ownership requires understanding these impacts and establishing practical measures to minimise negative outcomes. Incorporating Environmental, Social and Governance (ESG) principles into your strategic planning provides a structured way to manage these responsibilities effectively. What Are […]
Save your business time and money using cloud accounting
Maintaining accurate and up-to-date accounts is essential to running a successful and profitable business. However, you don’t want to spend all your time managing bookkeeping and compliance tasks, particularly when that time could be better invested in building customer relationships or developing new products and services. So, how can you maintain control of your finances […]
3 cloud accounting tips to save your business time and money
Efficient accounting is essential for any successful business. But managing your books shouldn’t consume valuable time that could be spent growing your business or improving customer relationships. Here’s how to keep your finances in order — without the heavy admin load. Move your accounting to the cloud: Cloud-based accounting tools such as Xero, QuickBooks, MYOB […]
Borrowing is on the up: how to apply for a business loan
Recent figures from Equifax show a 3.9% rise in demand for business loans among Australian businesses. It’s a clear sign that more business owners are seeking finance to fund growth, new projects or scale-up opportunities. If you’re planning to access extra capital, understanding how to prepare and apply for funding can make all the difference. […]
Accessing funding for your female-led businesses
Access to business funding remains a significant challenge for female entrepreneurs. In 2024, research by the Founders Forum Group revealed that only 2% of global venture capital funding was provided to female-only founding teams. The World Economic Forum estimates the global finance gap for women in business at $1.7 trillion, with male-led enterprises continuing to […]
10 ways to improve business performance
Ten key strategies to help maintain focus, vision, and the determination needed to drive each business quarter forward and achieve sustainable growth.
The benefits of having a diverse workforce
Promoting diversity and inclusion is more than an ethical stance – it is a strategic business decision that delivers measurable financial and operational benefits. Understanding diversity and inclusion: A workforce that mirrors the diversity of its community contributes to stronger organisational resilience, improved competitiveness and greater capacity for innovation. Commercial benefits: Practical measures to implement: […]
Measuring the health of your business with ratio measures
When managing a business, it is easy to become absorbed in day-to-day operations and lose sight of the broader strategic picture. Periodically reviewing the financial health of your business is essential. Understanding your current position enables more effective planning, early identification of potential issues, and better navigation toward long-term success. Key financial ratios provide a […]