10 tips for dealing with debtors as a small business owner

As a small business, it is important to have a solid cash flow in order to secure stable growth. This can make any debtors that arise extremely stressful. Fortunately, there are ways you can deal with debtors without ruining the relationship with them and any potential future business. The best approach is to have systems…

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Have you reviewed your pricing this financial year?

How often do you review your prices? If you haven’t looked at them yet this financial year then now may be the time. It is common for business expenses to increase throughout the year. Because of this, your profit margins may be reduced if you are yet to review your pricing. Across the year you…

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The 4 P’s to managing technology changes

Technology change can be major for any business. It can open up a lot of new doors that keep your business powering forward, transforming the way your business operates, keeping you ahead. At the same time, it can offer a challenge for a business. Having to adapt to a new way of doing things, having…

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Don’t forget to invest in yourself

As business owners, we spend a lot of time investing in our business or our team, which is great, but it misses one of the best assets. Yourself. As the driving force, and leader in your business it is so important that you are on top of your game, growing and learning, to ensure you…

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5 things to remember for a FBT-friendly Christmas

With Christmas only a couple of months away you are probably beginning to think about your office Christmas party and other fun things you do around this time of year. Before you begin planning it is important to think about the Fringe Benefits Tax implications of your festivities. With this in mind, you can have…

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5 tips for getting your eCommerce business started

Are you considering getting into eCommerce? It is a very lucrative opportunity, filled with creative stores selling a wide variety of products to different niches. The eCommerce market in Australia is the 11th biggest in the world, which is tipped to grow to over $44 billion AUD by 2024. With a market so large there…

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Important changes to employer obligations for employee superannuation from November 2021

From 1 November 2021, if you have new employees start, you may have an extra step to take to comply if they don’t specify a super fund. Luckily it’s only a minor tweak and won’t add substantial effort to your employee onboarding process.   What has changed?   Where a new employee does not specify a super fund, employers must make super contributions to the employee’s “stapled fund”. Previously, the employer could simply direct…

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What is Payroll Tax?

If you own a business that has employees you may have heard about payroll tax, and wondered what it is. For many very small businesses with 1 or 2 employees you may not yet have been required to pay it, and so may not be sure when you will need to. In the case where…

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6 common bookkeeping myths busted

Bookkeeping is an extremely important aspect of any business. Despite this, there are so many myths surrounding what a bookkeeper does, and the real value they bring to businesses. As well as this, they often get confused with accountants, who do a very different job. Because of these myths, many business owners miss out on…

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8 Leadership Weaknesses, and How to Overcome Them

leadership weaknesses

Leadership is a skill. Some have it naturally, others have to learn the art. Some are good at it, some great, others are struggling. Leadership as a skill is extremely hard to perfect, only a few managed the feat, and not without stumbling and failing first. Below are some of the most common leadership weaknesses…

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