By: Cynthia Dearin As an SME leader, your top priority is to grow your company. You understand that building a pipeline of work, securing recurring revenue and scaling your business depends upon identifying opportunities and being prepared to capitalise on them. What you may not have realised is the “next big thing” for your company — […]
By: Max Newnham When it comes to tax effectiveness the simpler a business structure is the less tax effective it is. Family discretionary trusts and companies are more complex structures, cost more to set up, are often more costly for accounting services and fees, but can provide flexibility and deliver tax savings over the long-term. Discretionary […]
By: Eddy Addicks As a soloist you can’t afford to overlook legal risk. Put a plan in place to protect your family home and personal wealth before a claim is made against you. Once you are being sued, it’s already too late. In 2012 the High Court awarded a shopper $580,000 for slipping on a greasy […]
By: Yanir Yakutiel Running your own business brings with it a unique set of challenges, especially once you grow from sole trader to employer. The biggest of these challenges is managing cashflow. A 2016 survey by East & Partners found that more than six out of 10 Australians regularly or occasionally draw upon personal finances, like […]
By: Emma Koehn Australian businesses are keen to take on growth projects, particularly when it comes to integrating new technology, but concerns around cashflow and late payments continue to dominate. This month preliminary findings from the Australian Small Business and Family Ombudsman’s (ASBFEO) inquiry into payment times found big business and some government sectors continue to drag their feet on […]
By: Marian Mouttet Why would you leave a secure job at the age of 56 and strike out on your own? That’s the question many people asked Marian Mouttet. Today she answers both ‘Why’ and ‘How’. At the end of 2010 I was 56 years old. I’d just completed 12 years’ service with the company I […]
By: Dinushi Dias Remember to email that client, call the supplier back, respond to that investor on LinkedIn, give your developer a ring about the site issue, chase up the invoice, prepare notes for your upcoming presentation, check your to-do-list, and yikes, that major proposal’s due tomorrow. The list can go on and on when you’re […]
By: Belinda Williams You may be risking your entire wealth if you’re a company director for a friend or family member. But legal experts say many SME directors do not understand how the law (Corporations Act) applies to them and the consequences can financially cripple them for life. A common scenario is directors being personally liable […]
by: Vanessa Emilio Choosing the right name is one of the most important parts of starting out; the one you choose can make or break your business and re-branding is an expensive exercise if you get it wrong! A good business name can make the path to increased sales and future growth quicker and easier. […]
By: Max Newnham There are a number of times when the value of a business becomes important for owners. The first is if they are looking at going into business and buying something that has been established for a number of years. The second is when business owners are looking at retiring and they want to […]
