By: Luke Hally Yesterday Kate Carnell, the Small Business and Family Enterprise Ombudsman, took on the fight against late payments for small business. “Currently, there’s billions of dollars owing to small businesses as a result of outstanding invoices. This money needs to be freed-up so mum-and-dad operators can get on with the job of simply running […]
BY: GARETH BENSON You wouldn’t drive a car without a registration licence – so why are your driving your business without registering your most visible asset, your brand? One of the most valuable assets a business owner can own is their brand. Business owners should consider protecting their logo (visual features), name (brand identity) and tagline […]
Having a good working relationship with your suppliers is vital to ensure your business runs smoothly. Although it’s likely you’ve taken the time to find the right suppliers for your business and build up a good supplier relationship with them, it’s still important to know what to do if any issues arise. How to […]
With End of Financial Year upon us, here are five tips to help you remain on top of your business finances at tax time. At the End of Financial Year for small to medium enterprises (SMEs), business owners can be forgiven for never wanting to pick up a calculator again, with stocktakes, tax declarations […]
BY: DYNAMIC BUSINESS The first few years are crucial for any new business. This is the make or break time that so many start-ups fail to make it through as they look to find their feet. In fact, the Australian Bureau of Statistics says that more than 60 per cent of small businesses shut within three […]
By: DENHAM SADLER The first email you send to a potential investor is one the most important things you’ll do as a startup founder, and also one of the most difficult. The email pitch needs to draw the investor in quickly, concisely explain your company and be attractive enough to score an actual meeting. 500 Startups […]
BY CLAUDE BROWN For long-term success in business, organisations must be open to the idea of reinventing themselves in order to stay relevant in today’s rapidly evolving marketplace. One of the biggest mistakes any business owner can make is to remain stagnant and resistant to change as they fear the idea of losing their original […]
BY CHRIS SLACK Whether you are starting out or your business has been established for many years, maintaining appropriate cash flow is a critical success factor. Here are some home truths when seeking business finance that once accepted will allow you to better understand and preserve your cash for the time you need it most. […]
By: business.gov.au Change in your business can be helpful, but it’s important to manage it well… Change is a normal and essential part of business. It’s an important step in improving your staff performance, enhancing goods or services and expanding. Causes of change in business The need for change can arise from sources both inside or […]
By: Max Newnham Advice for when a business is operated through a family trust and family members work in the business. When the owners of a business want the flexibility of distributing income to family members, to reduce the impact of income tax on net business income, a discretionary family trust with a company acting as […]
