Business tips: Getting in control of your spending

Business tips: Getting in control of your spending

Jul 7, 2022 | Blog

Keeping the business in a positive cashflow position is vital. But you can only do this if your cash inflows (sales revenues and other income) outweigh your cash outflows (overheads, supplier costs and other liabilities like tax costs or loan repayments). One way to...
Minimum wage and award minimums are set to rise 1 July

Minimum wage and award minimums are set to rise 1 July

Jun 24, 2022 | Blog

The Fair Work Commission’s annual wage review has resulted in two announcements: The National Minimum Wage will increase by $40 per week, (an increase of 5.2%) from 1 July 2022 award minimum wages will increase by 4.6%, which is subject to a minimum increase for award...
The value of cashflow forecasting for your business

The value of cashflow forecasting for your business

Jun 21, 2022 | Blog

Projecting your cashflow pipeline forwards is vital. To be able to navigate the future path of your cashflow, you need to start forecasting – so you can map out your financial position over the coming months and can take the appropriate action to safeguard your cash...
Step 10 of Building a Better Business

Step 10 of Building a Better Business

May 30, 2022 | Blog, Building a better business

Keep your ‘well of happiness’ full This should be something you focus on all the time. Just as the flight attendants tell you to put the oxygen mask on yourself before helping others, it’s the same in business – you need to look after yourself at all times. What...
Step 9 of Building a Better Business

Step 9 of Building a Better Business

May 24, 2022 | Blog, Building a better business

Monitor your progress to reach your targets When you’re driving, there are certain things on your dashboard that you keep an eye on – your speed, your fuel level, and the engine’s temperature. It should be the same in your business. You should have a business...
Step 8 of Building a Better Business

Step 8 of Building a Better Business

May 19, 2022 | Blog, Building a better business

Build strong networks to generate referrals Referrals are the easiest way to generate new business, and building strong networks is a great way to generate referrals. Networking and referrals are cost-effective ways to grow your business, as the return on investment...