5 signs you’re undercharging
Many business owners and contractors hesitate to adjust their pricing, even when costs are increasing. However, charging appropriately is essential to maintaining profitability and ensuring your services are valued at the right level. Common signs your pricing may be too low include: Finding the right balance requires a review of both your cost base and […]
Increasing your mental health support for employees
While safeguarding physical health and safety is an established employer obligation, the mental health and wellbeing of employees warrants equal attention. A recent Peninsula survey of 79,000 small to medium-sized enterprises globally — including 30,500 respondents in Australia and New Zealand — revealed concerning trends: These findings highlight a clear gap between need and action. […]
Business credit: using loans to grow your business
Regardless of where you are in your business journey, additional working capital can provide the resources needed to fund your next phase of growth. Borrowing strategically – and managing debt effectively – can make expansion achievable without compromising financial stability. A critical element in securing finance is your credit profile. Lenders rely on this to […]
Understanding your revenue drivers
Profitability begins with revenue. Without sufficient income flowing into the business, covering costs and turning a profit becomes increasingly difficult. Revenue is generated through your core business activity – whether that’s through sales, invoicing, or direct customer payments. Improving how you attract, serve, and convert customers will have a direct impact on your top line. […]
Creating more jobs for Australian workers
In the face of ongoing cost-of-living pressures, Australian small business owners have a unique opportunity to contribute to community stability through job creation. Despite this, CPA Australia’s 2024 Asia-Pacific Small Business Survey reports that only 9% of Australian SMEs created new positions last year, compared to 33% of businesses in the broader Asia-Pacific region. Given […]
Don’t end up paying tax on uncollected debtors!
Many business owners are unaware that income tax is payable on sales revenue, regardless of whether the related invoices have been paid. In other words, unless you’re reporting on a cash basis, you may be taxed on outstanding debtors — even if the cash hasn’t hit your bank account. To reduce the risk of paying […]
Do you have an Ideal Customer Profile?
Gaining a deep understanding of your ideal customer is critical to the success and sustainability of your business. However, many small and micro businesses overlook the importance of defining a detailed Ideal Customer Profile (ICP) as part of their sales and marketing strategy. What Is an Ideal Customer Profile? An Ideal Customer Profile (ICP) outlines […]
6 Powerful Reasons to Watch Your Financial Reports
Taking the time to review your financial reports monthly is a critical discipline for any business owner. If you’ve been overlooking this step—perhaps due to time constraints or uncertainty around interpreting the figures—here are six key reasons, we strongly recommend making it a regular habit. First, Which Reports Should You Be Reviewing? At a minimum, […]
Are you growing mushrooms or roses? Why you should lead like a gardener, not a grower
The way you lead your team directly impacts whether your business operates as a high-performing, sustainable enterprise or remains stuck in reactive, short-term thinking. So, ask yourself: Are you leading like a mushroom grower or a rose grower? Mushroom Leadership: Operating in the Dark In nature, mushrooms grow in the dark and are fed sporadically. […]
Protecting you and your business: using trusts
As a business owner, protecting your personal assets from business risk is a fundamental part of sound financial planning. In this series, we explore key asset protection strategies — including trusts, insurance, and risk management frameworks. In this article, we focus on how trust structures can be used to protect personal assets and safeguard long-term […]