Posts Tagged "small business"

Tips On Managing Your Business Finances

Posted by on Aug 23, 2017 in Blog

Tips On Managing Your Business Finances

Being in charge of your own business can be an exhilarating time in your life, and undoubtedly you have worked long and hard to get to the point where you are today. Poor money management and limited cash flow is a real issue with many startups, and your finances can ultimately make or break your business. Without a steady supply of money coming in and a small amount of savings set aside for emergencies, you are at risk of losing all that you have worked for. Make your finances a priority It is important that you set time aside to go over your finances on a regular basis. Stop procrastinating! They are a necessity, and your business cannot run without them. Do not keep putting them off. You need to schedule a day and a time to balance your accounts, enter your invoices and receipts, and check that all is running as it should be. If it is up to date, then you will find that you don’t have to spend as much time on it at all. Invest in quality software Gone are the days of pencils and ledgers. Today’s financials are maintained by quality accounting software stored...

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7 Reasons Why Your Startup Needs a Bookkeeper

Posted by on Aug 16, 2017 in Blog

7 Reasons Why Your Startup Needs a Bookkeeper

Running a business or creating a startup is difficult – there is no easy way to say it. However, starting a business, especially when you are on a tight budget, is even harder. As a creative or entrepreneur, you are trying to do the jobs of many employees. You are marketer, customer service adviser, sales manager, bookkeeper, administrator and more. And when you are not doing those things, you are trying to be innovative to stand out from your competitors and make a real mark in the industry. There is only so much time in a day, right? Handing over your financials to a bookkeeper will provide many advantages to you and your business. Here are seven great reasons why you need to hire a bookkeeper for your startup. More perspective You are being torn in numerous directions – seemingly all at once. Often it can be easier to hire a bookkeeper to focus on your financials. They are professionals and understand what needs to be done to develop and grow your business. They can offer a second perspective on how things are going just by assessing the numbers. A business without a profit is just a hobby after...

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Small Business Secrets: There Is Always Something To Learn

Posted by on Jul 26, 2017 in Blog

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, start-ups, and retailers in the hope to spark wannabes into action. Small businesses play a huge part in the Australian economy, and the diversity that makes up small and medium-sized businesses is incredible. The show does not pigeonhole, rather enlightens viewers, demonstrating that no business is alike. What might I expect to see? Previous episodes have covered such interesting topics as: An end of financial year forum Cash flow and franchising How good accounting software can cut down paperwork How online-only retailers can connect with customers You never know what part of someone’s story will spur you on to establishing...

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How To Keep Your Bookkeeping Under Control

Posted by on May 10, 2017 in Blog

How To Keep Your Bookkeeping Under Control

Being organised and having your bookkeeping under control is important for all aspects of your cash flow management. Whether or not you have a cloud-based accounting system, there is still always plenty of paperwork that needs maintaining. Therefore, it is imperative that you ensure that your online and offline systems are up to date. As the end of financial year is fast approaching in Australia, it is time you got everything in order. Here are some of our top tips to make sure that happens and enable you to get your bookkeeping under control. Organise your storage Filing cabinets, or at the very least a set of three ring binders, will come in handy for most of your physical storage needs. While today’s offices are leaning towards a paperless theme, most companies find that there is still the need to have some paper stored, whether receipts, invoices, statements or reports. If you do scan things like petty cash receipts, then it is important that your online filing system is arranged for easy access, if necessary. You must keep all of your business information for five years to please the minimum Australian Tax Office requirements, after that time the records...

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Can A Business Consultant Help My Organisation?

Posted by on Apr 12, 2017 in Blog

Can A Business Consultant Help My Organisation?

Running a small business can be difficult, and it is often a struggle to see the wood for the trees. You may have a general idea of where you want to go but aren’t quite sure how to get there. That is where a qualified business consultant comes in. A business consultant can help you plan your strategy and enable you to set up benchmarks to measure your ongoing progress. They can offer simple recommendations on pricing or marketing that will improve both your sales and cash flow exponentially. A qualified consultant can even provide advice on competitor analysis or suggest tools to make your business run more efficiently. Here are some reasons why you may consider hiring a business consultant. A business consultant is knowledgeable in a particular field As an entrepreneur, you may be knowledgeable in creating a product, but not in selling. You may be good with the small details but cannot focus on the big picture. Wherever you may be lacking in your skillset, a business consultant can help. Rather than struggle in an area which you know nothing about, a business consultant can jump right in and offer advice. A business consultant can help...

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