We all start the new year with the usual well-intentioned resolutions (lose weight, get fit, find love…) but after a few weeks (or sometimes, hours) we are back to our old habits. In 2017, more than any other year, the outlook both nationally and globally is uncertain. Will the Turnbull Government’s one seat majority last? […]
Setting ambitious growth targets for the new year can ensure you hit the ground running, but the effort could be wasted without the cash flow to fund them. The coming Christmas and New Year break is the perfect time for businesses to assess this year’s results and set priorities and growth targets for 2016. A […]
With consumers juggling multiple digital devices, the value in having a digital presence as well as a physical presence has never been greater. Despite this, according to the Sensis e-Business Report 2015, only 17 per cent of SMBs have a digital business strategy. The pressure on SMBs to navigate the digital sphere is building as those […]
“It’s not worth delegating because no one does it as well as I do.” This is just one of the excuses I hear from managers when I ask why they haven’t delegated low value work to someone else in their team. Alternatively they’ll say, “It takes three times as long to delegate then it does […]
According to national SME finance specialist, Scottish Pacific, many small businesses may be using the Australian Tax Office (ATO) as a line of credit being unaware of alternative funding solutions. Scottish Pacific CEO, Peter Langham said the ATO was owed $35.3 billion in 2013-14 according to a recent report by the Inspector-General of Taxation. “It […]
Whether you’re taking on a franchise, buying an existing business or establishing a start-up, starting a business comes with a never-ending list of challenges and, while each business is unique, there are a few common mistakes that people make when starting out. 1. Trying to ‘do it all’ Your business is very much like your […]
It doesn’t revolve around you: The importance of delegating in small business Many small businesses start as the brainchild of one person or a small group of individuals. It’s the entrepreneurial spirit that drives us to stop dreaming, to get the wheels in motion, and to work our backsides off in the hope of running […]
Business today shouldn’t just be focused on the next sale, the next big social media post, or being the best of the best. For a business to maintain growth and longevity in the current global market, they need to invest resources in creating, maintaining, and building strong, long-lasting relationships. Although there are many new challenges […]
Back in our parents’ day, working two jobs meant an around-the-clock commitment. These days, it’s become a lot easier to juggle multiple engagements. You can have a day job in the office to guarantee a regular flow of income, and have a side business. However, as easy as it might be now to juggle a […]
As we move towards the end of this financial year, all businesses are taking steps to get everything in order for July 1st. The recent budget has given small businesses a lot to think about, and it’s no wonder some are struggling to prioritise what needs to be done in the next couple of weeks. […]