Are you thinking of starting your own business? To make sure you get off on the right foot, it’s important to plan properly and find out what’s involved. Here are 10 essential steps you’ll need to complete to successfully start your own business. 1. A business or a hobby? There are differences between a hobby […]
By: Max Newnham There are many ways businesses can be owned and operated. The simplest is a sole trader, the next is a partnership of individuals, and then there are the more complex and costly options of a company, a family discretionary trust, or a unit trust. The most complicated of all is a business […]
By: Edwin Onggo In a country that is pushing for innovation, and an economy that seems to be a perfect incubator for new start-ups, why do so many new businesses fail? I have first-hand experience of the highs and lows of building a fast growing business in Australia, and the main thing I have learnt […]
By: James Harkness Taking the entrepreneurial plunge and starting your own business can be as liberating as it is terrifying. While holding a corporate job is no easy feat in itself, being an entrepreneur requires an entirely different skill set which may make you feel nervous and unprepared. Coupled with the fact that there are so many […]
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. […]
