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Crafting the ideal successor for your business

Crafting the ideal successor for your business When you’re busy running and growing your business, it’s generally not a priority to think about who will take over when you can’t …

Mastering the basics: A guide to accounting principles for small business owners

As a small business owner, you know that managing your finances is crucial to the success of your business. But with so many accounting principles and practices out there, it …

Managing underperforming staff

Underperformance means an employee is not carrying out their work to the required standard or in accordance with business policies and procedures. That non-compliance with policy can also amount to …

Business Update – 31 May 2023

Welcome to our Weekly Digest – stay in the know with recent news updates relevant to business and the economy. ‘Most significant’ scam targeting Aussies Scammers have taken advantage of …

How depreciation works for small businesses

Depreciation is basically a reduction in the value of an asset over time. What this means for your business is that if you buy a substantial asset like a computer …

What to do if your business is operating at a loss

Operating at a loss simply means you’re spending more money than you’re making. And while it’s not uncommon, especially for new businesses, it’s still not an ideal situation and one …

ATO is targeting side hustles

YouTubers, Uber drivers and influencers earning extra or running a business will be picked up by data analytics and the reporting regime, the Tax Office warns. These types of side …

Ten marketing priorities for businesses

1. Build credibility quickly Why should people buy from your business? Your first challenge is to overcome their doubts by building trust and credibility quickly. Some tips: Promote your skills …

Key Skills to Grow Your Business

Most small business owners start out with a good business idea but little concept of what it takes to manage and grow a business. But you can learn and improve …

Top Tips to Prepare for the End of Financial Year

As the end of the financial year (EOFY) approaches, it is important for businesses to prepare themselves to achieve the best outcomes. It’s time for businesses to reconcile their accounts, …

Business Update – 24 May 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. First Aussie social media platform for business owners launched …

Business Update – 17 May 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. The good, bad and indifferent of the Federal Budget: …

How to improve psychological safety at work.

Feeling safe and secure is a basic and innate human need; We all have this! And without it, we can feel seriously out of whack. We might feel depressed, perpetually …

What happens if something happens to you? Why you need to have an EPOA.

As the population of older Australians increases, it is a sad reality that more Australians will lose capacity in their final years due to chronic illness and disorders such as dementia. …

What the 2023 Federal Budget means for you

The Australian Government unveiled its annual budget this week, which aims to stimulate economic growth, address long-term challenges, and improve social services. The budget is focused on helping with the …

Business Update – 10 May 2023

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Australia to deliver first budget surplus in 15 years …

How small start-ups can level the playing field against established competitors

Starting a small business is both exciting and daunting. While the entrepreneurial spirit may drive you to take the leap of faith, the reality is that you may be entering …

Business Update – 3 May 2023

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. AFL appoints Andrew Dillon as CEO Andrew Dillon has …

Managing Debt and Creating a Debt Repayment System

Debt can be a significant burden on one’s financial life. It can cause stress, anxiety, and make it difficult to achieve financial goals. However, with a little planning and dedication, …

Business Update – 26 April 2023

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Why the RBA should not use interest rates to …