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Small Business Secrets: There Is Always Something To Learn

Posted by on Jul 26, 2017 in Blog | 0 comments

Small Business Secrets: There Is Always Something To Learn

Television is there to relax us, inspire us and even educate us. The business reality show Shark Tank continues to provide us with many interesting and entertaining moments. It is programs like this that prove dreamers and entrepreneurs are still alive and well in today’s business world. (But, of course, we knew that already!) Small Business Secrets Small Business Secrets is another offering featured on SBS. It was launched in July of last year and features behind the scenes glimpses of small to medium-sized businesses across Australia. Hosted by Ricardo Goncalves, Small Business Secrets covers stories on entrepreneurs, creatives,...

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The Domino Effect of Late Payments on Australian Businesses

Posted by on Jul 19, 2017 in Blog | 0 comments

The Domino Effect of Late Payments on Australian Businesses

The subject of late invoice payments has dominated the news heavily during the last 12 months. And with good reason! Many large businesses are taking advantage of smaller organisations and not paying within the terms of their agreement. This can be frustrating for businesses who are struggling with debt and limited cash flow. Poor cash flow can limit growth A slow cash flow can limit business growth causing major problems to both the business and the staff. Kate Carnell, the Australian Small Business and Family Enterprise Ombudsman, has been extremely communicative on this subject and believes that something must...

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Have You Made Your End of Financial Year Resolutions?

Posted by on Jul 12, 2017 in Blog | 0 comments

Have You Made Your End of Financial Year Resolutions?

There is always talk of New Year’s resolutions come the beginning of January. Some may relate to your personal goals while others are geared more specifically to your business. However, end of financial year resolutions are different altogether. They allow you to focus purely on your organisational goals and how your company will perform over the next twelve months. Coming up with a financial plan for your business is the best resolution you can make, especially while all the figures are still clear in your head from tax time. Armed with a solid twelve months of financials from the prior...

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3 Simple Ways To Improve Your Cash Flow This Financial Year

Posted by on Jul 5, 2017 in Blog | 0 comments

3 Simple Ways To Improve Your Cash Flow This Financial Year

As we wave goodbye to the end of the financial year for 2016/2017 and move on to 2017/2018, it is easy to get excited. A new year provides so many opportunities for growth, change and development – what’s not to get excited about! The start of the new tax year is also a great time to plan ahead to maximise your cash flow. Here are three ways to help improve your cash flow this financial year. Change those payment terms to benefit your business Are there changes you can make to your policies to ensure that money comes through the door...

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The Perils Of Underpricing As A Creative

Posted by on Jun 28, 2017 in Blog | 0 comments

The Perils Of Underpricing As A Creative

Pricing is a big issue for businesses of all shapes and sizes, and there are a lot of individual factors involved. You don’t want it to be too high or too low for obvious reasons. However, the real struggle comes when you price yourself too low. This is a huge issue with creatives in business, and it is very challenging to recover from underpricing. If you are a startup, you may be tempted to price things low – perhaps as an introductory offer to get people in the door. It is understandable – you’re new in business, you want...

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5 Great Reasons Your Business Should Outsource

Posted by on Jun 21, 2017 in Blog | 0 comments

5 Great Reasons Your Business Should Outsource

Outsourcing a certain function is a big decision for any organisation to make, especially as a small business owner. It should be part of your overall strategy to help direct your business towards its aims and goals. However, there are many advantages that come with outsourcing the assistance of a qualified individual. You can remain competitive Outsourcing part of your business such as HR, bookkeeping, IT or marketing will ensure you remain competitive. There is no doubt that competition is fierce within industries. Therefore choose to outsource to a knowledgeable individual to raise your profile. Becoming and remaining competitive...

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Building A Business Budget

Posted by on Jun 14, 2017 in Blog | 0 comments

Building A Business Budget

As a creative business owner or entrepreneur, without a budget, it is hard to know how much you are earning, let alone spending. How can you keep track of revenue and expenditure without some kind of budget in place? The truth of the matter is you cannot! By creating a budget and then referring to it on a regular basis, you can measure and control your actual performance against expectations and ensure financial success. So where do you start? How much money are you currently bringing in at the moment? This will help you understand your current financial situation....

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Manage Your Business With A Cash Flow Forecast

Posted by on Jun 7, 2017 in Blog | 0 comments

Manage Your Business With A Cash Flow Forecast

Let’s cut to the chase! If you don’t know how much you have coming in and going out, how can you effectively manage your business affairs? You need a system that can track all the earnings and expenses to minimise any surprises along the way. Failure to plan will only add extra stress. Therefore keep on top of your cash flow with an easy to prepare cash flow forecast. When businesses fail, it is usually down to one thing – lack of cash flow. If your business grows too big too quickly, then cash flow can be strained. You...

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How to Plan For Business Success As A Creative

Posted by on May 24, 2017 in Blog | 0 comments

How to Plan For Business Success As A Creative

While you might think your future business success is dependent on luck, it comes to down to more than that. It requires organisation and planning, much of it behind the scenes to achieve the great success that welcomes instant recognition. Even though you may struggle as a creative to fill those business shoes, know that it is possible. It is never an easy journey from implementation to achievement. However, there are some things you can do to make it a lot less problematic for you and your business partners. Try to remain focused As a business owner, your mind...

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Popular Accounting Software Xero Celebrates 10 Years

Posted by on May 17, 2017 in Blog | 0 comments

Popular Accounting Software Xero Celebrates 10 Years

We have been recommending Xero to our clients for a while now and know firsthand the benefits that it can offer businesses of all sizes. In March of this year, Xero broke through the one million customer mark, and it comes just as the company are about to celebrate their tenth birthday. Xero is the most popular form of accounting software in Australia and with good reason. Xero gives you a portable office. As Xero can be accessed through the cloud, it means you can use it anywhere at any time from multiple devices. You can access your accounts from your...

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