One of the requirements for businesses to secure a bank loan is to have a formal business plan in place. According to the State Government of Victoria’s Business Victoria website, “When applying for a business loan, it’s essential to prepare a detailed business plan and fully inform the lender about your proposed venture. This information […]
In global terms, Australia is an expensive place to do business. Wages, rents, taxes and regulation combine to make conditions here tougher than in many other countries. As a result, Aussie small and mid-sized businesses are constantly on the lookout for ways to keep a lid on operational costs. By identifying areas in which savings […]
According to a report published in Harvard Business Review, out of 20,000 hires during a three year research period, 46 percent had failed in the first 18 months and only 19 percent achieved success. The primary reason given for failure was “poor interpersonal skills” which 82 percent of managers admitted to having overlooked in the […]
You want to grow your business but you’re struggling. Perhaps you’re out of ideas, or the ones you have are stale, and you’ve got a limited marketing budget. One option, which can be a win-win-win in terms of exposure, partner and customer relations, is to hold an event. Not only does it get your brand […]
Today I am proud to be throwing my support behind Australia’s startup sector by getting involved in UberPITCH as part of the 2015 SydStart Conference. The initiative, which has successfully run in San Francisco and India, gives entrepreneurs the chance pitch their idea to accomplished entrepreneurs for fifteen minutes. I’ve travelled the world for business […]
Has fintech dropped the ball when it comes to brand building? Have we spent too much time developing great products and not enough time spruiking them? If recent research by East & Partners is anything to go by, then yes, yes we have. The study found 39 per cent of micro and SME businesses couldn’t […]
You want to feel alert, fresh and awake at work. You are hoping to feel energised and focused throughout the day. Yet by 2pm your energy sags. You still have several meetings in the hours ahead. You order another coffee and keep going, all the while feeling increasingly depleted. The demands, the deadlines and expectations […]
For many SMEs, the question around innovation isn’t if or when, but how. Andrew Pearce Partner at McLean Delmo Bentleys, provides tips for SMEs looking to innovate within their business. Most SMEs are keen to ensure their business not only stays relevant but it thrives in an ever-changing, digitally- driven environment. In fact, almost a […]
Family is one of the most important units of society. These are the people we’re closest to. We share history. We love them. We trust them. We spend a lot of time with them. Starting a company together can be a great idea. And a great risk. There are many successful family businesses. Many small […]
There may be times in your business where as a small business owner you may have to look for a new accountant. This could be because you are setting up a new business in itself or in conjunction with your existing businesses, and would like advice on tax planning. It could also be because you […]
