In business, cash flow is just as important as profit. If your business is a car, then cash is the fuel in your engine; when it runs out, you’ll stop moving. A study by the U.S. Bank found that 82% of failed businesses cited cash flow problems as one of the main reasons behind their [...]
As I have personally discovered over recent years, working for yourself sounds great in the beginning but many solo-preneurs soon discover that giving up the day job isn’t always as glamorous as it seems. Loneliness and a lack of motivation eventually in creep and you might even find yourself missing your 9-5 more than you [...]
Starting a business isn’t easy, especially in the modern environment that favours sound, long-lasting practices and a severe loss-aversion mentality. While not everyone is born to be an entrepreneur, there are skills one can learn to jumpstart a business venture in a competitive industry. And even be successful at it. It’s important to note that some traits can’t be learned and are what separates a good entrepreneur from the best. The list of traits found here includes both intrinsic and trainable skills.
Four Easy Ways to Buy Back Time in Your Business Do you feel like your business is taking over your life? Does it seem as though there are never enough hours in the day to get everything done? If this sounds familiar, then it's time to start thinking about how you can buy back some [...]
As a small business owner, you know that there are many things to keep track of in order to succeed. From managing your finances and marketing your business, to hiring the right employees and keeping up with industry trends, it can be difficult to know where to start. In this blog post, we will provide [...]
NSW - What lockdown support is available to business? If your business has been adversely impacted by the recent lockdown in NSW, support is available. The NSW and Federal Governments have announced a series of new measures to support business during extended lockdowns of four weeks or more. Up to $15,000 through the [...]
Do I need an ABN for my sole trader business? Like many people, you may be just starting your small business or side hustle and are unsure on whether or not you should obtain an ABN? Perhaps it’s a life-long hobby that has suddenly started generating revenue for you and you now [...]
Home-Based Business Tax Deductions The pandemic has seen a dramatic rise in small businesses operating from private home locations across the Macarthur region. Often these small one-person businesses have been started either as a side hustle that has grown or out of necessity to replace lost employment. Educating yourself on what deductions you [...]
Ten Productivity Tools To Help You Get More Work Done In today’s fast-paced world, everyone wants to be more productive. Fortunately, there is an ever-increasing number of tools, many of them available online and across multiple devices, that promise to help us achieve our goals. The challenge then becomes how to know not [...]
Tax Tips For New Small Business Owners 1. Commit to clean bookkeeping from day one Year-round, effective bookkeeping is the best way new business owners can minimize tax season stress. With the wide range of accounting software out there, there’s no reason to rely on time-consuming manual methods that [...]
Five Reasons To Buy A Franchise If you’ve got the entrepreneurial spirit but aren’t ready to start up your own business, you might want to consider a franchise. A franchised business can offer the best of all worlds: the opportunity to work for yourself, earn a profit quickly, and enjoy a high [...]
Eight Key Characteristics Of Successful Small Businesses No matter what industry your small business operates in or the size of your small business it is a fact that there are certain non-negotiable characteristics that all successful small businesses have in common. We believe that most of these are just commonsense, but of course, [...]
Five Essential Tips For New Property Investors Everyone wants to achieve financial independence. However, until you have enough income-generating assets, you are unfortunately dependent on someone else such as your employer. Investing in properties, when done right, can provide an ongoing income stream and a cash lump sum when you decide to sell [...]
