Cashflow – The lifeblood of any business
Cashflow (or lack of it) is a constant challenge for all business owners. I often refer to ‘cash’ as the oxygen a business needs to survive day to day. It is a critical factor which leads to the success or demise of your business. If it’s this important, why don’t we have better tools and…
How to keep your customers satisfied and coming back
So you want to keep sales humming along and keep a marketing presence? Setting up processes or systems for maintain a high level of customer service and getting it right from the beginning is vital for the future success of your business. Understanding how customer satisfaction affects your business and helps keep your customers coming…
Time is your most valuable commodity, are you using it wisely?
Have you often found yourself trying to save a few dollars by doing a routine job (or so you thought!) yourself but found that it has cost you more time, and therefore money, than you could have made in that time? We often spend hours or even weeks of time on things that aren’t really…
5 essentials that small business owners should factor into their business plan
Here are 5 essentials that every small business owner should factor into their business plan. 1. Give it structure. Make sure you structure your finances so your personal assets and business assets are kept separate. As a minimum, you should have a separate business bank account and credit card, and pay yourself a salary. By untangling your…
Make your lifestyle goals part of your financial strategy
If you haven’t figured out your lifestyle goals for the future your financial strategy is like a journey without a destination. When you’re creating a financial plan, it’s tempting to focus purely on the money aspect – for example, how much your weekly budget is, or how much your investments are likely to grow. But…
As a small business owner can you take time off over the Christmas break?
It’s summer! The sun is out, it’s heating up, and we are all thinking about enjoying those long summer days at the beach and relaxing with friends and family. Christmas and new years parties, school holidays, it has us all longing to take a break and just relax for a while. Is that actually the…
TOP TIPS FOR A STRESS FREE TRAVEL EXPERIENCE
Retirement is a fabulous time to branch out and visit places you haven’t been to before or even go back and explore the fabulous places you just haven’t spent enough time at in the past. Travel can be such a wonderful and inspiring experience. However, it can be stressful and, at times, a little scary…
Managing your business’ cash flow over the holiday period
December is usually the busiest time of the year for retail and hospitality businesses. But businesses in other sectors often find that their sales slowdown and their customers stop paying them for a few months. So cash flow dries up. Whether your business is large or small, well-established or in start-up mode, you need to…
How to claim the 2019 Staff Christmas Party and Staff Gifts
The Christmas party season is upon us and as we race quickly towards the holiday break lots of Australian businesses will pay for their staff to let their hair down at the annual end of year celebration. According to the Tax Office and SmartCompany’s article the top ten tips for avoiding an unwelcome festive season…
Why do men and women invest differently?
While women play a confident and active role in everyday financial decisions, they are noticeably less involved in planning, acquiring and managing long-term investments than men, according to research commissioned by the Commonwealth Bank. The whitepaper, titled ‘Enabling change: A fresh perspective on women’s financial security’, found that even though women generally feel just as confident…