In many situations, hiring a contractor to get a particular job done makes perfect sense. It may require expertise or skills none of your employees has. You may only need someone for a short timeframe to clear a backlog of work. Or maybe you just want to avoid having to go through a formal recruitment […]
As much as you try to share skills, knowledge and information in your company, you probably have some people who are key to your business’ success. It might be a Director or the CEO, whose vision made it a success in the first place. It might be your star salesperson, or someone in your IT […]
06
Aug
Aug
Success in business requires a number of essential ingredients. A sound strategy. A robust business model. Effective planning. Strong financial control and bookkeeping. A good team. Great systems. Measurement. Focus. But you know what? Even all those elements are not enough without this skill: Execution. Call it “Getting Things Done”, making things happen, the action […]
For many, the words ‘budget’ and ‘cashflow’ are about as appealing as the word ‘diet’. It seems to imply what you will go without, rather than what you will achieve. To a successful business owner, however, the word ‘budget’ has a very different meaning. It’s more like a map than a diet. It’s an outline […]
13
Jun
Jun
Are you worried about unpaid staff super and potential penalties? If the answer is yes, then the recently announced Amnesty from the tax office may be your chance to get back on track. On 24 May 2018 the Government announced a 12 month superannuation guarantee Amnesty. The aim of this Amnesty is to encourage […]
A: “My goal is for my business to win more new clients.” B: “My goal is for my business to take on 12 new clients by 30 June next year.” Which of the above goals is more likely to be achieved? If you chose B, you’d be right. It shows serious intent about achieving a goal […]
As a business owner, there are plenty of things you need to manage, and two of the most important of these are assets and risks. In other words, building your wealth and protecting your wealth. There’s no point building a lot of wealth if the way you have things structured behind the scenes means that […]
Whoever said, “You can never have too much insurance” obviously never had to pay the premiums. Still, there’s no denying the fact you need it to protect your business and its assets. So you probably have building and contents, public liability and public indemnity insurance. But what else should you get cover for? What […]
There’s a saying in business, “You can go broke making a profit.” And another, “Cash is king. Profit is theory.” As you know only too well, you don’t pay rent, meet payroll or pay your bills with profit. You pay them with cash. A business can make a lot of sales, have a book […]
Think back to the days before you started your business, when you were working for a boss. Chances are you were rewarded for your hard work with a regular salary. It may not have always been the same amount, but it came through like clockwork. And for the next week, month or however often […]