For the most part, businesses run well, employees love their job, and employers are good people. But when it goes wrong, it can go badly wrong for both. The threat of legal action has greater consequences than you think – let’s put it in perspective.
The role of an SMB owner is wide-ranging and understated: CEO, general manager, accountant, HR manager, and marketer. Without the luxuries afforded to a larger organisation – such as having a risk management team – small business owners need to self-manage all risk scenarios and shortcomings in-house.
Nobody wants to think about it when times are good, but the break-up of a marriage can have huge consequences for business owners. While you may not want to go as far as a pre-nup, you can follow some smart advice.
Controls on loss of product through theft and accident are especially important when margins are tight. SMBs are exposed to loss in a number of ways, so here are some expert tips for how this issue is best managed.
Remember the changes announced in the Federal Budget in May? No? Well the beginning of the new financial year means that many of these measures have now commenced. Use this list of changes to ensure you’re compliant.
So, you’ve heard about Gina Rinehart’s deal to bring 1715 temporary foreign construction workers to her Roy Hill mine, but what do you know about your own ability to employ foreign workers? You may be surprised to learn that you don’t need to be a mining magnate to access highly skilled foreign workers.
Consider these measures you can take to stop proprietary data from leaving with your workers.
As a business owner, you face the constant decision of how much to allocate to superannuation versus how much to invest in business assets. Bit, if you own your own business and also have a self managed super fund (SMSF), you can have the best of both worlds. Here’s how.
How well do you track and monitor employee expenses? Could your organisation be one step away from a media scandal? Here’s some expert advice for managing this responsibility.
A struggling company can quickly become a serious liability, and the flow-on effects can impact on a director’s personal assets. Here’s a look at one way a director can become liable and what can be done to avoid it.
