For an SME, managing cash flow isn’t all about profits. Future profits are useless if you don’t have a steady cash flow to pay debts in the meantime. Rob Lamers, CEO of Oxford Funding, shares his expertise on managing cash flow and balancing the books with SME owners. The true success of a business comes […]
Accountants are an important part of an SME’s operations, but like the dentist, if business owners leave consulting an accountant until it’s too late, the pain can be excruciating. Gavin Dixon, CEO of Reckon Limited’s Business Division, recommends you regularly consult your accountant. For new businesses, select an accountant that best suits the company’s needs. […]
Whether it’s the end of the financial year, or not, you can always take some time out to reduce your tax liabilities. Take a look at this checklist to see how you can reduce your tax. Pay expenses before 30 June to get any tax deductions this year If payments for liabilities are made on […]
Without the right employee contracts in place, your business’ star could leave and take all of your clients with them. Find out how you can use employee contracts to protect your business. Picture this, Stephanie sets up a business with two of her friends, Jayne and Cheryl. Stephanie’s business has grown in two years into […]
Getting the most out of the employee-customer encounter is essential for a business, and the first step to managing employee-customer interaction is measuring the customer experience. “Quality” is easy to measure and manage in some contexts, and extremely difficult in others. Businesspeople have a pretty good idea how to judge the manufacturing process that yields […]
Small business owners are showing strong interest in self-managed superannuation funds and saving for retirement and for when they’re no longer working full-time. However, often, your self-managed super fund (SMSF) becomes your new ‘small business’. Read on to see how you can make the most of superannuation. Many businesspeople have been hesitant to start an […]
The changes to superannuation over the past two years have created an exciting opportunity for SME owners. Even if you’re nowhere near retirement age, you now have the ability to use superannuation to grow your business, control premises and provide for a comfortable retirement all at the same time. Recent changes relevant to SMEs, in regards […]
Despite our adeptness at virtual communication, our ability to communicate face-to-face in the workplace is waning, and giving feedback is getting harder. So read on for advice about improving communication skills and giving effective feedback. Change and communication specialist and principal of Message Stix Karen Williams, attributes the breakdown in corporate communication to a changing […]
Work, rest and play is the mantra for splitting up your day and creating work-life balance, but who says they need to be separate? Here are some business lifestyle ideas to keep staff happy, give yourself a break or to indulge in some of the finer things in life. Work–Play Balance Your office may not […]
In the age of mass customisation, intense competition and globalisation, trade receivables management is increasingly complex. Today’s unstable economic environment means you’ve got a lot to worry about in terms of credit risk. So here’s how you can address and remove credit risk. The world of credit risk has many facets and events unfolding around […]
