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As a small business, do you ever feel that competing against larger retailers is a daunting prospect? Maybe a shift in thinking is needed. There are advantages to being small that may surprise you.
Make sure you set your small business budget! It's a great way to eliminate wasteful spending and get to profitability faster. Setting a budget isn't complicated but it can still help to involve an expert.
Small business is all about relationships. But when these go wrong, it is devastating. Ensure you have the systems in place to routinely look at where your money’s going in order to safeguard your business and your relationships.
Reminder to Employers: the Casual Employment Information Statement (CEIS) available from the Fair Work Ombudsman is now to be provided to existing casual workers as soon as possible after 27 September 2021.
Regular cashflow forecasts will help you make informed decisions. Whether your sales are boom or bust, you want to make sure that your costs aren't holding you back.
How well do you understand your revenue drivers? The better you can understand the nature of your revenue and its drivers, the more you can flex, manage and control your ability to generate this income.
Data is only powerful with context. It needs to be accurate and organised and you need to be clear on the necessities versus the niceties.
You don’t go fishing without checking the forecast, nor should you run your business without an annual forecast. The forecast tells us what's in store based on the direction we're heading.
Over the past eighteen months, businesses have had to update, change and pivot just to survive. Do you know where you're going and how it's impacted on your underlying business purpose?
Lockdowns, closed borders and uncertainty mean small to medium sized businesses are still struggling with the effects of COVID-19. Some recent research uncovered some common strategies for success in a crisis.
With lockdown now affecting all of NSW, it is timely to provide an update of the Government assistance that is available for NSW residents.
If you operate a building, cleaning, courier, road freight, IT or security business, you may need to submit a Taxable Payments Annual Report to the ATO.