Small Business

COVID-19: Prepare your Small Business – Identify Key Risks

The first step in preparing your small business’ COVID-19 plan is to identify potential risks to your business. Understanding the scope of possible risks will help you develop realistic, cost-effective strategies for dealing with them and a timeline for their implementation. Ways of identifying risk Review your business plan and think about what you couldn’t

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Top Tips to get you through the End of Financial Year

As the end of the financial year (EOFY) approaches, it is important for businesses to prepare themselves accordingly. This is the time when businesses must reconcile their accounts, file their tax returns and make necessary adjustments to their financial strategies. Proper preparation can help businesses maximise their returns and avoid costly mistakes. Here are some

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Managing the debt drain – the critical issues for small business

February and March are traditionally the worst cashflow months for small business – the Christmas rush is over, the Business Activity Statement is due, and payments slow down with a dip in consumer spending. You might be ok but your customers could be under pressure and often whoever wields the most influence gets paid first.

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