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 […]
16
Sep
Sep
In support of young Australians and in response to the rising cost of living, the Australian Government has passed legislation to reduce student loan debt by 20% and change the way that loan repayments are determined. 20% reduction in student debt The reduction is expected to benefit more than 3 million Australians and remove over […]
02
Sep
Sep
As part of the 2023-24 Federal Budget, the federal government announced “Payday Super”, which will require you to make superannuation guarantee (SG) payments for your employees at the same time as their salary and wages. Many businesses end up falling behind on their SG payments, and this measure essentially becomes a compliance check for the […]
29
Aug
Aug
You’re a business owner, so you’ll incur a fair number of business expenses over the course of your average week. Costs for client entertaining, petrol to put in your car and toner for the office printer to name just a few. But are any of these expenses deductible against your tax bill? The Australian Taxation […]
30
Jul
Jul
The new financial year has begun, which means it is now time to wrap up the 2024-25 financial year, here is a list of changes and rates that you will need to be aware of for your business in preparation for the 2024-25 tax return. Small business instant asset write-off Small business with aggregated annual […]