January is like the first blank page in a new notebook. What you do during that month can set the stage for success for your business for the entire year. Getting your business off to a great start in a new year requires planning, critical thinking and dedication to executing your strategy. In a recent…
How To – Start a Construction Company
The Construction industry is booming and is a great opportunity for people to take the leap and start their own business. If you are considering setting up a business in this industry, then here are a few things you should know about before you start. Choose your business structure. There are a few options…
Tip Tuesday: How to Simplify Construction Invoices and Get Paid Sooner
Construction and trade invoicing is a big job. Create accurate invoices fast and get your weekends back. Apps can take away a lot of the hassle – and help get you paid sooner. Construction invoicing requires you to: record third-party costs track time worked (which can be tough when you have a few jobs going)…
Tip Tuesday: 5 Employment Pitfalls for Small Business and How to Avoid Them
Starting a business can be a wonderful, challenging journey with many rewards along the way. When people think back to when they started their business, they usually smile as they remember the brave steps they took to start off. For some people however, thinking about starting a business can be quite daunting – the learning…
Royal Commission should fix ‘broken’ Aged-Care Funding
The royal commission on aged care will examine the shocking cases of abuse and the key question of staffing ratios. It is imperative the commission identifies appropriate minimum standards of care. It is equally important to broaden its scope to identify who pays what for care now, and who should pay what in the future….
Tip Tuesday: Franchise Accounting Tips
Franchises come with many built-in advantages. But there are also some extra risks that you don’t get with a traditional small business. Good franchise accounting will help you avoid the pitfalls and make the most of the opportunities. Let’s start with the advantages A franchise is sometimes called a business in a box. It’s built…
The Tax Office’s data matching tools growing more sophisticated
It doesn’t matter whether it’s a business, interest, dividends, rent earned on an overseas property, Airbnb, Deliveroo delivering or other types of income you’ve earned, the chances are you need to declare this in your tax return or you could be snared with the ATO’s Data Matching Tools. The temptation of course is to skip…
Tip Tuesday: Why you should use Job and Time Tracking Software
For small businesses, time is money – and every day counts. That’s why it’s important to ensure your team is efficient at time billing. The team at MinuteDock who make job and time tracking software, share their insights about the key benefits of this product. Manual processes aren’t efficient For many teams, the way things…
Max Brenner closes 20 out of 37 stores after announcing its financial collapse
Only days after the closure of the iconic Darby’s Pies, just days ago, Max Brenner said it would be “business as usual” after it was plunged into financial turmoil. On Monday 8th October, it was made clear that’s not the case. When luxury chocolatier Max Brenner announced its financial collapse just days ago, the chain…
Tip Tuesday: How to Define you Target Market
You can’t go far in business without customers. Make sure you know who yours are, and what they want. Use these tips to help learn more about your target market. What does it mean to define a target market? From the moment you came up with your business idea, you probably had a specific customer…
