Safeguard your business with simple checks and processes

Safeguard your business with simple checks and processes

Being able to trust your team is gold standard but introducing a few simple processes ensures that is much harder for someone to abuse your trust. Think about these tips to safeguard your business and keep your trusted relationships strong. Housekeeping Good systems...
The third cause of poor cashflow – Your stock turn

The third cause of poor cashflow – Your stock turn

Carrying stock for too long means full shelves but an empty bank account. Similarly, if you’re a service provider and are taking forever to bill for your services, consider that work in progress as a form of virtual stock. You can calculate your ‘stock turn’ by taking...
Is Your Business Eligible for JobMaker Payments?

Is Your Business Eligible for JobMaker Payments?

The JobMaker Hiring Credit scheme is designed to encourage businesses to employ additional young jobseekers aged 16-35 years. The hiring credit subsidises an increase in employee headcount. Eligible employers can receive the hiring credit for up to 12 months for each...
The first cause of poor cashflow – Your cash lockup

The first cause of poor cashflow – Your cash lockup

There’s a massive difference between profit and cashflow. Profit increases when you create an invoice for work you’ve done or goods you’ve sold; cash increases when you bank the money. Your lockup equals the cash that isn’t in your bank account because it’s either in...