By Steve Burnham A general law partnership is formed when two or more people (and up to, but no more than, 20 people) go into business together. Partnerships are generally set up so that all partners are equally responsible for the management of the business, but each also has liability for the debts that business may […]
By Andrew Jewell Small businesses and startups face as much risk in employment as larger enterprises but they are often less well-equipped to address these issues. When working in a small business, people tend to form strong personal relationships and employers plan to retain staff. Sometimes, however, businesses need to dismiss staff for a number of reasons. […]
By Dynamic Business When running a business, it is more than likely that at some point you will need a loan. This may be a short-term solution to cash-flow, a means to buy new equipment, to fund the expansion of your business or to break into new markets, or to refurbish parts of your business. […]
BY PETER LANGHAM What are the attributes of an SME that is growing, and how do they differ from a business with static or declining revenue? Twice a year, when more than 1200 owners or leaders of SME businesses are interviewed for our SME Growth Index, one of the first questions researchers East & Partners ask […]
BY TANYA TITMAN Running a small business has many rewards, but it has never been an endeavour for the faint-hearted. One of the most common yet avoidable areas of stress for SME owners is the ability to manage and maintain sufficient cashflow. [Editor’s note: This is the fifth in a 12-part series, by accountant and serial […]
By Max Newnham Successive federal governments have recognised the importance of the small business sector to the Australian economy. As a result a number of income tax and capital gains tax incentives have been introduced to assist small businesses. The definition of a small business has changed over the years, and now there are effectively three […]
BY URSULA HOGBEN Recently, Matt Berriman – the co-founder of fast-growth adtech startup Unlockd – wrote an open letter explaining why he was stepping aside as CEO. This shone the media spotlight on the intensity of co-founding a fast-growth company and started a valuable conversation about issues and solutions. This article discusses how to lay strong legal foundations for […]
By ORACLE+NETSUITE Cashflow management may be one of the main reasons small businesses fail, but budgets and finances are the next two down the list. Balancing the books isn’t easy, nor is budgeting and forecasting what your ongoing costs will be at any time. One of the big problems businesses run into when they start getting […]
BY GERARD HOLLAND There is a stigma about having an unsuccessful startup as it can quickly go from excitedly telling others about your idea to explaining why you have moved back in with your parents. But failing a startup shouldn’t be viewed so negatively by those in the business world or by others. Many budding entrepreneurs […]
By Alan Manly Startups with good a business plan give comfort to entrepreneurs and investors in part because the plan details the objectives, strategies and tactics along with the anticipated profits. There is however a wide variation in business plans. Some are voluminous demonstrations of thorough research, while some exist as a mere template borrowed from the internet to meet the […]
