It’s a tough time for retail sales, with Australian Bureau of Statistics (ABS) data showing this key driver of economic growth is stalling. Traditional sales tactics are becoming less effective due to the wealth of information freely available to people today and, thus, the rise of the savvy consumer. Trends globally echo this sentiment, with 57% of retailers agreeing buyers are less […]
Despite federal election promises of greater support for SMEs, businesses owners remain pessimistic about the Australian economy, with two in five expecting it to worsen in the coming year, the latest MYOB Business Monitor revealed. The bi-annual national survey of over 1,000 SME operators found that 42% believe the economy will decline over the […]
Starting a business is all about communicating the benefits of your service or product to the appropriate audience. Although fairly straight forward in principle, the complexities of executing this vary for every business. To get up and running, most service businesses begin by undertaking project based work. They tender for a job, set a price […]
Let’s be honest; nobody likes to put more effort into something, when he can have same results with less. This state of proceeding with something with little difficulty, we know as convenience, is therefore something that is instantly appealing to the widest amount of people, which could be otherwise divided by the myriad of other […]
Successful entrepreneurs have lots of things in spades – great ideas, the passion to bring them to life and the guts to turn them into a business. But budgets are tight in the startup world and an entrepreneur also needs to be great at managing them. Couple this skill with the right mix of work […]
The lowest tax burden coupled with the lowest interest rates since the late 1960s means that Australian small businesses have not experienced such great conditions since the days of black and white TV.
There were certainly plenty of announcements for small businesses across Australia to think about in this budget. Let’s take a walk through the major announcements…
As a small business owner, you need to be clear what this means, where you can save money and what new legislation you are able to take advantage of. Here’s what you should note…
Remember, you may be invoicing business to business, but there are real people at the other end of the process and their emotions can and will affect how quickly you get paid.
Cash flow is the lifeblood of any small business – when it’s pumping your business is healthy, but when it dries up the results can be disastrous.
