Accommodation provider Aspen Group has forecast an income hit of at least $500,000 as bushfires wreak havoc on the NSW south coast and drive holidaymakers away. The company is the latest in a growing number of businesses to have reported financial losses from fires in recent weeks, including fruit and vegetable grower Costa Group and […]
If you own, or are planning to open, a convenience store, then you’ll be glad to know that you’re entering a thriving industry. Australia’s convenience store industry is one of the strongest in the world, with growth outpacing grocery, pharmacy, and liquor – making owning a convenience outlet a more attractive proposition than ever. But as […]
As business owners, we sure do have a lot on our plates. Balancing the day-to-day of running a business with high-level strategic and growth activities can be enough of a challenge by itself. However, things can go completely off kilter if something goes wrong, and you don’t have the proper protections in place. A dispute […]
As a business owner, dealing with insurance can easily slide down the priority list. Not many people look forward to answering bunches of questions or filling out pages of paperwork, and nobody in their right mind gets excited about paying insurance premiums. But what if you had a really bad day at work? What if […]
Despite talk of hardening insurance rates over the last few months, the latest BizCover Small Business Insurance Index indicates that premiums for small businesses remains steady at 80 points. Although there have been industry predictions of stricter underwriting criteria and higher prices, BizCover found that excess capacity and good levels of profitability have resulted in […]
Although it’s not something that might cross every business owner or manager’s mind, it’s important to educate your team about things outside of the scope of their role. For example, providing your employees with life skills and tips to help them take advantage of a dedicated resource like their superannuation. Although long-term full-time workers may […]
Founders often ask me ‘how do you know when is the right time to leave a corporate role and start your own business?’ Despite the fact I have a strong accounting background and am very much a numbers person, life experience has taught me this initial decision often needs to be based more on a […]
Those of us planning on flying in the next few weeks – either domestically or internationally – are probably a little concerned. We’re hearing horror stories left, right and centre about heightened security, hours of delays and missed flights. So how can you ensure that your business trip runs smoothly and how can you adjust […]
Business insolvency is a very real risk for many small businesses but countless business owners are not spotting warning signs early enough. The reality is that around 60% of businesses don’t make it past the first three years, which is why business owners should seek help early on to ensure their financial health. But first, […]
Many international travellers were recently shocked to hear that several airlines had put in place a laptop ban that was enforced by the US and UK governments on certain international flight routes. Some officials announced that any electronic devices larger than a mobile phone would be prohibited on board a flight and would only be […]
