Have you ever set a New Year’s resolution, only to reset the same one the following year? You’re not alone, around 80% of resolutions fail. The difference between success and failure often comes down to one factor: accountability. The most reliable way to complete the actions you commit to is to give someone nagging rights. […]
31
Oct
Oct
Strong leadership and culture are critical to building a better business. With over 40,000 hours of our lives spent working, the workplace should be a place where people feel valued and motivated, not drained or frustrated. So how do you know if your culture needs attention? Warning signs of a toxic workplace include: Lack of […]
30
Oct
Oct
Treasurer Jim Chalmers has announced several key adjustments to the Government’s proposed Division 296 tax, following extensive consultation and feedback from the superannuation industry. These changes aim to deliver a fairer, more practical approach to taxing earnings on super balances above $3 million. 1. Start Date Deferred to 1 July 2026 The commencement date for Division […]
24
Oct
Oct
The right organisation structure allows your business to grow without creating bottlenecks. Done well, it makes your business more efficient and increases profits faster than revenue growth alone. Every business has ten departments: Shareholder Director Leadership Product / Service Development Operations Marketing Sales Finance HR Admin / IT Each department should have one clear leader. […]
21
Oct
Oct
Make a plan You know what you want from your business; now it’s time to plan how to get it. Your business exists to serve you, not the other way around. A clear, simple plan links your personal goals with the actions and numbers your business must deliver. For example: if you need $100,000 per […]
17
Oct
Oct
You can’t map a path to success without knowing your starting point. Yet many business owners rush into planning without taking a clear-eyed look at where they stand today. This step requires honesty. By understanding your true position, you’ll make better decisions and avoid surprises that can derail progress. Here are five questions to help […]
09
Oct
Oct
For your business to make money, you need to generate revenue. You produce revenue through your usual business activity, by making sales, getting your invoices paid, or taking cash from paying customers. So, the better you are at selling your products/services and bringing money into the business, the higher your revenue levels will be. But […]
30
Sep
Sep
The truth is, we don’t know what we don’t know. And in today’s world, where learning resources are everywhere, there’s no excuse to stop growing. Think of how many new things a child learns every day — with curiosity, energy, and persistence. As adults, we often lose that mindset, but the most successful business owners […]
24
Sep
Sep
Your business exists to serve you — not the other way around. Yet many owners find themselves working harder and enjoying it less. The average person spends 40,000 hours at work over their lifetime and life is simply too short to be stuck doing things we don’t enjoy. Success looks different for everyone, but clarity […]
17
Sep
Sep
The Reserve Bank of Australia cut interest rates in August to 3.6%, down from 4.1%. This takes the cash rate to 3.6% for the first time since April 2023. The final impact of this drop can be both positive and negative for your small business, so it’s worth understanding the effect that interest rate changes […]