As the director in a limited company, dividend payments are the usual way for you to take money out of the company – and see a financial return on your investment into the company. Dividends are payments made to the company’s shareholders when the business has made a profit. What’s not re-invested into the company […]
03
Sep
Sep
In the online, connected world that we now live in, it’s important for your business to be digital. Digital technology has revolutionised the options you have available as a small business, with a wealth of cloud-based solutions and apps helping to automate the admin, enhance your productivity, open up your business data and market the […]
27
Aug
Aug
The world is evolving at an unprecedented pace. A changing landscape in your industry, global trends, and other environmental factors will influence the timing and strategy behind your succession. One thing is for sure, a successful and profitable business can’t afford to stand still. Change and disruption can eat away at the value of your […]
20
Aug
Aug
Does your sales team have a generic sales pitch they rattle off to every prospect? Customers want to know what’s in it for them personally, not listen to a script. Turn your sales pitch on its head by asking effective questions, being attentive, and personalising your sales discussion to each prospect. Consider asking the following […]
16
Aug
Aug
We all have those days where we leave work feeling like we haven’t achieved anything that day. Then there are the days when you absolutely nail your work and feel like you’ve accomplished everything. While we can’t eliminate those bad days completely, we can apply principles to limit the number of bad days and ensure […]
13
Aug
Aug
The endless pursuit of new customers to grow a business often distracts us from looking after our existing ones. This pursuit can unintentionally cause a downward spiral. Spending more on marketing, while neglecting existing customers (and their sales needs), can put pressure on pricing. This can lead to a reduction in prices or a change […]
06
Aug
Aug
Prepare now for your taxable payments annual report (TPAR) lodgement. Whether you lodge your own report directly with the ATO or if you use our lodgement services, this form is due by the 28th August. There are a number of supplier details required in the TPAR. If you have not kept up-to-date supplier records throughout […]
23
Jul
Jul
You never get a second chance to make a first impression. Effective communication will help you develop a stronger rapport, make you memorable, and enable you to read people better. Practise these key skills to develop your communication skills: 1. Active listening: Listen twice as much as you speak and be interested in what the […]
09
Jul
Jul
Have you ever been in a meeting with your accountant, hearing how much profit you’ve made and being congratulated on a lift in performance, but in the back of your mind you’re wondering where the cash is and how you’re going to make payroll tomorrow? Don’t worry, you’re not alone! The problem is that cash […]
02
Jul
Jul
Measuring your sales and margins provides insight into which parts of your business are performing well and which ones need improvement. With improved margins, you don’t have to generate as many sales to get the same profit. Better still, lift your margins and achieve higher sales; you’ll get even more on your bottom line! 10 […]