Advice
Creating a dynamic workplace culture is a lot more complex than hiring a bunch of Gen Ys and buying an office foosball table. At WME we operate in an industry with a churn rate that the Media Federation of Australia put at an alarming 33.2 per cent in 2014. It’s the proof we all need […]
Black Velvet is a Melbourne based boutique roastery and espresso bar that supplies quality beans to cafes and home baristas alike. Their second store based in the Galleria on Bourke St, which opened two months ago is already doing a roaring trade with thanks to the teams’ refocus on data and analytics to power and […]
Ever wonder why some people get ahead, buy a car, buy a house and go on fantastic holidays while you continually struggle to make ends meet? The secret is to plan for your goals and above all to BUDGET. You’ve probably heard the well known saying “The problem is not that you plan to fail, […]
Cloud migration is a growing trend among small to medium sized businesses in Australia. Accounting practices are also embracing cloud technology – The May 2015 Cloud Readiness Survey from Digital First demonstrates that the shift to the cloud is happening. Nearly half of the respondents (43%) see a major shift to cloud software likely to […]
“The heart is extremely important – you need to have a passion for what you do – and you need to enjoy doing it.” These words, spoken by Sir Richard Branson at the National Achievers Congress 2015 in Sydney yesterday succinctly unified a number of messages delivered to over 4000 business owners and entrepreneurs throughout […]
The NSW Government’s Dispute Resolution Unit (DRU) has handled over 37,000 enquiries over the last three years according to new data. The number of enquiries from small businesses has increased each year over this period. Minister for Small Business John Barilaro said new data shows how the government is sparing small businesses from the burden […]
Every small business owner knows that their most valuable asset is their employees, and managing them effectively is paramount to the success of the business. What are you currently doing to ensure that each of your workers is playing their A-game and performing to the best of their ability? According to Gallup’s 2013 ‘State of […]
If you’re in business, and even if you’re not, you have probably heard of the concept of digital disruption. Digital disruption is a term used to refer to the development of digital technologies over the past decade or so and the way they have impacted and disrupted our lives. For many businesses, digital disruption has […]
Today’s leaders manoeuvre in an entirely different landscape to their counterparts of years gone by. Accepting that jobs are no longer ‘for life,’ scores of entrepreneurs join the game to take control of their own destinies while advances in technology become threats when not embraced. With the speed of change growing exponentially, now, more than […]
Customer service vs. chasing payments – it can be tough to get the balance right between keeping a customer happy and getting your bills paid on time. There are few things tougher for an SME than trying to collect overdue invoices from clients while also keeping them on-side. To ensure this process is made as […]
When the annual financial results come onto the agenda at work, you’ll probably notice everyone’s eyes glazing over. This is incredibly unfortunate, with many not realising the huge opportunity missed to clearly and effectively communicate a company’s value and impact to both their employees and potential investors. With so many company financials falling into the […]
Starting a business is no simple task—there are often few or no guidelines to follow, the risks are usually high, and the pressure is always on. Despite this, while most entrepreneurs consider digital marketing to be an incredibly important part of success, only a precious few consider receiving formal training in the subject. As a […]
Business travel can turn complicated if it’s not well managed, specially when it comes to travel expenses and making sure these are under control and within budget. In the last few weeks, we’ve seen even the government struggle to manage politicians’ travel expenses. The reality is, today there is technology available that makes it easy […]
As the costs associated with managing a rapidly growing number of IT security threats, dealing with constantly evolving technology, the training and daily management of an in-house IT staff continue to rise, every smart business will begin to search for alternatives. As is generally the case with outsourcing, the obvious benefit to the company that […]
The Australian SME market is undergoing an exciting change with more options available to business owners looking for alternative finance solutions to the ones offered by the big banks. However, the Australian Alternative Finance Industry has been flooded with inexperienced entrants mainly from offshore institutions offering quick fix cash loans to Australian SME owners without […]
When people hear about your business, what do you want them to think? How do you want them to respond to your products? How do you want them to see your organisation? That’s your brand identity – quite literally your business’ reputation. It’s one of the most important elements involved in starting a business. This […]
In an environment that encourages new start-ups, more of us are finding the motivation to ‘bite the bullet’ in an attempt to carve a successful future from our own passions and skills. From fitness and hospitality to retail, technology and many more, there is a diverse range of new businesses out there – all driven […]
Part of our role as small business accountants is to act as a barrier or intermediary between the tax office and the small businesses of Australia. It’s not that we don’t trust the two different interests to get along but it’s more about using our experience and knowledge to protect the best interests of the […]
As your small business expands, you may want to look into new accounting software to keep up with the growing number of invoices, bank transactions and other everyday accounting tasks you are bound to face. But most accounting software in the market includes features you won’t need or ever use.
More Australians are encouraged to venture into the SMB world and are on the lookout for savvy business advice. Here are 5 must-know tips.
