Managing risks associated with investing
Managing risks associated with investing
Whenever or however you choose to invest, there will always be risk involved. Luckily, there are strategies you can adopt to manage this risk in the best way possible for you and your investment goals. Unfortunately, volatility in financial markets can cause an investor to lose their confidence. The Australian Government has provided Australians with […]
Making long-form content readable
Many people will say that writing long-form content is a ‘no-no’, however, sometimes it is the only way to discuss a particular topic. There are a number of do’s and don’ts you can practice to make your long-form content is as readable and as engaging for your audience as possible. Consider the following: Do’s Use […]
The ATO targeting record keeping of small businesses
The Australian Tax Office is honing in on small businesses failing to comply with guidelines regarding appropriate record keeping. Findings from the ATO’s Protecting Honest Business campaign indicated that one of the leading factors for small business failure is their poor record keeping practices. Small business owners are required to disclose particular information, and keep […]
Considerations before accepting a job offer
Accepting a new job offer can be exhilarating; you’ve put yourself out there, gone for an interview, waited to hear back and you finally get the good news. While it is all very exciting, before accepting any new job, you need to ask yourself a few questions about the new workplace and most importantly your […]
The in’s and out’s of asset allocation
Deciding where to allocate your assets can be confusing and even daunting, particularly if you aren’t confident in your knowledge of the current financial sphere. Consider the following in’s and out’s of asset allocation to make the process much easier: Set goals Goal-setting is extremely important, particularly when it comes to your money. When deciding […]
Understanding various kinds of super fees
No matter the kind of superfund you opt for, you will be subject to super fees. Understanding how these fees work and the difference they can make to your next egg is vital. When it comes to superfund fees, there are two factors you need to get your head around; the kinds of fees you […]
The secrets of giving feedback
Providing feedback is a necessary part of any business. Providing effective feedback can make a significant difference to your employees, their job satisfaction and retention rates. Consider the following secrets to giving effective feedback when it comes to your business and your employees: Time appropriate When providing feedback, it needs to be timely. It is […]
Providing quality customer service
While the nature of customer service has changed due to technology, it still holds an ever important place in business. Understanding how to deliver high quality customer service can result in increased business profit and greater customer retention rates. Consider the following strategies for providing quality customer service: Communication As it has always been, customer […]
Maximising your accounts receivable
Freeing up working capital can help businesses fund growth, reduce debt levels and lower costs. One way to improve working capital is by managing your accounts receivable. Many businesses fall into the trap of poor accounts receivable management, for various reasons from extending credit to customers, to ignoring payments terms to guarantee a new sale. […]
Creating engaging content
When creating content for your website, regardless of the business or industry you are involved in, there are some hard fast strategies you can follow to ensure it is engaging. Consider the following: Visual Including visual content such as images, infographics, videos etc. will draw readers in and keep them on your website longer, thus […]
Minimising the risk of fraud
The Australian Taxation Office is urging all businesses and individuals to take care in relation to avoiding the risk of fraud. With a focus on criminals lodging fraudulent returns in order to obtain unwarranted refunds through accessing banking information that is not their own, the ATO recommends businesses and individuals practice the following: Discussions with […]
Tips for entrepreneurial success
While all businesses differ, there are strategies entrepreneurs can use across the board to improve the likelihood of long-lasting success. Consider the following tips: Diversity Hiring a diverse team is a great strategy for achieving success. To be able to reach the greatest audience in a truly authentic way, you have to be able to […]
Revisiting your Workplace Health and Safety policy this New Year
The beginning of the calendar year is the perfect time to revisit many of the business’ policies and procedures, including the workplace health and safety policy. It is common for these policies to be brushed over when it comes to reviewing, meaning they could be outdated and many aspects no longer relevant or applicable. This […]
Understanding the different kinds of links websites can use
Using links is a valuable strategy for boosting your website’s SEO. Before Google in the nineties, websites used keywords to boost up their websites. The problem with keyword ranking is that businesses would flood their website with keywords, even though their content did not adequately address these keywords. Luckily, with Google’s PageRank feature, this all […]
Tips for maximising business cash flow
The ability to manage cash flow is a critical tool for business owners. Incorporate the following cash flow tricks to keep the money coming in and the business running smoothly. Make payment easy One of the easiest ways to make sure cash flow remains consistent is to make methods of payment easy. When a business […]
Handling uncomfortable conversations
Difficult conversations are a part of any business; knowing this doesn’t make them any easier to have. The following tips will help you deal with these uncomfortable conversations in the most peaceful way possible. Objective Remaining objective when having these conversations and thinking about the outcome you want to arrive at rather than getting caught […]
ATO cracking down on developers avoiding GST
This year, the Australian Taxation Office has placed a greater focus on property developers and are particularly watching company directors with a history of GST obligations avoidance. As of May 2017, the Government announced new requirements on those purchasing newly constructed residential properties or new subdivisions to remit the GST directly to the ATO as […]
Understanding the First Home Super Saver Scheme
With much controversial discussion surrounding the First Home Super Saver Scheme, understanding exactly what the Scheme entails is necessary. The scheme was announced in the 2017-18 Federal Budget as a means to reduce the pressure surrounding housing affordability across Australia. The formalities of the scheme are as follows: As of 1 July 2017, individuals can […]
How to avoid failing
In any business environment, there are constant challenges that can see you fail or can be tools for success. Channelling these challenges and turning them into strengths is necessary. Consider the following failures business owners commonly make and reflect on how these apply to your business: Multitasking For a lengthy period, the ability to multitask […]
ATO reforms on deductible gift recipients
The Government has announced a reform of the Deductible Gift Recipient (DGR) status to strengthen governance arrangements, reduce administrative complexity and ensure trust and confidence in the sector. The reforms are as follows: – From 1 July 2019, non-government DGR’s must be registered as a charity with the Australian Charities and Non-for-profits Commission. Non-government DGR’s […]
2018 social media trends
Each year, we see new trends emerge regarding social media and the way it’s used. With the increased growth of social media for marketing businesses, knowing the strongest strategies for incorporating the two will set your business apart. Consider the following: Influencers The use of influencers for marketing your business on social media continues to […]
Setting clear marketing goals
Setting clear and direct marketing goals is an ideal strategy for promoting your business and business growth. There are a number of different goals you can set to ensure you are optimising your marketing opportunities; consider the following: SWOT analysis Before setting any goals, it is important to understand the purpose behind your marketing strategy; […]