Bookkeeping is a fundamental part of the financial process for any business. Without it, your accounting software has no data to work with. Keep reading for some tips to maximise your bookkeeping. Read More…
Choosing to start a business in what seems like a crowded market can be daunting. How could your startup possibly stand out against the businesses who've been around for several years?
While the presence of well-established competitors is daunting, it’s entirely possible to use this to your advantage when starting up a small business. Market research is invaluable in the early days, and established competitors are a great way to gather a ton of information.
Before you invest your hard-earned cash into your dream business, make sure you have a firm idea of what your market looks like and where you’re going to be positioned. Success can come from studying your competition. Figure out what they do well (and what they do poorly) and apply this knowledge to your own business.
Here’s where to start:
Looking at what others have done and using this to synthesis your own thinking is a great way to apply your learning to your own business and help give you an edge.
Contact your WDF Professional team member if you would like to discuss further how we can help you with your business. Phone 02 6921 5444 or email accountants@wdf.com.au
Accountant
Bookkeeping is a fundamental part of the financial process for any business. Without it, your accounting software has no data to work with. Keep reading for some tips to maximise your bookkeeping. Read More…
Lodge your overdue TPAR now to avoid penalties
The ATO is reminding businesses to lodge any overdue taxable payments annual reports for 2022-23 or prior years by 22 March to avoid being penalised. Read More…
Five Steps to Better Cash Flow
To maintain a healthy cash flow, you need more than just strong revenue. Improve your small business cash flow by implementing five simple rules. Read More…