How profitable should your business be and how to get there
The answer to the question of how profitable your business should be is: it depends.
Nine steps you should take before you start your own business
Making the decision to start your own business is one of the most exciting things you can do however it may be easy to get caught up in the enthusiasm and forget or miss some important steps on the path to launch. According to the Australian Bureau of Statistics, one in two small businesses close […]
Why 90,000 more businesses can access the 20k instant asset write off this year.
The popular $20,000 instant asset write-off for small business ends on 30 June 2017. This concession enables small businesses to immediately write-off depreciable assets which cost less than $20,000.
What are the Characteristics of a Successful Business Owner?
The characteristics of a successful business owner can be the difference between a business’ success or failure.
Christmas party fails
Christmas….that time of year when the festivities not only bring joy but excessive expenses, potential harassment claims, and other employer headaches. As Phyllis Diller once said, “What I don’t like about office Christmas parties is looking for a job the next day.”
Work and your mental health during COVID19
Many people may be experiencing feelings of anxiety, distress and concern in relation to the coronavirus (COVID19). The team at Beyond Blue have compiled the following well-being advice for work and your mental health during COVID19. If you lose your job Losing your job and having your income reduced can cause significant emotional distress. It’s […]
Five Reasons to Outsource Payroll
As a business owner, you may have asked yourself at one time or another whether you can afford to outsource payroll. We’d like to ask a different question: can you afford not to? Outsourcing non-core business functions has long been advocated for by business consultants. Yet, a number of business owners still find themselves in […]
A note from Michelle and Robert
From Michelle: During this different year, some things remained the same. Our friends and clients welcomed new babies into the world. Young adults graduated school and university. Our family and our clients lost others to both expected and unexpected death. One of our clients, Toni Powell, storyteller, author and workplace cultural transformer, speaks to us […]
Generational succession: Do your kids really want to take over your business?
Generational succession – handing your business across to your kids or family – sounds simple enough. But, many families end up in dispute right at the point when the parents, business, and children are most vulnerable. It’s important that generational succession is managed as closely and diligently as if you were selling your business to a stranger to avoid misunderstandings and disputes – you need to make sure that everyone understands what the transition will mean and everyone is aware of their role and responsibilities.
Can You Turn Your Passion into a Business?
Is it truly possible to turn your passion into a business?