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Dealing with financial stress
November 16, 2017Australians are experiencing the lowest level of wages growth in at least two decades (just 1.9% last financial year) and underemployment is a feature of our current labour market. Along with this, we have soaring energy prices, high levels of indebtedness and the prospect of higher interest rates on the way. Some Australian households could […]
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Cyber security isn’t just an IT problem
September 21, 2017According to a recent government survey, almost 50% of SMEs believe their business is protected from cybercrime through their Microsoft or Mac software and updates or through having a limited online presence. However, security professionals agree this is not the case – it’s really people and processes that pose the biggest risk. When it comes […]
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How’s your service – efficient or effective?
September 8, 2017My experience at a local restaurant recently prompted me to reflect on the difference between an ‘efficient’ business and an ‘effective’ one. After showing us to our table, our waitress efficiently cleared off surplus crockery and ensured we had water in our glasses. But she missed an opportunity to offer us a pre-dinner drink – […]
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Business Transactions: You only get one shot
September 1, 2017Buy and Sell transactions for business (often referred to as mergers and acquisitions) are a part of everyday life at firms like ours. But clients might only ever experience one or two business sales in their whole lives. We’ve been involved in large complex ones ($90m deals with public companies) as well as small ones […]
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Why do you need a business continuity plan?
July 18, 2017Large disasters don’t occur regularly but smaller events like power outages and delayed supplier deliveries do. These disruptions can mean lost revenue and extra expenses. Insurance won’t cover them all, nor replace customers who switch to the competition. Business continuity planning is all about envisioning what your business could do to reduce costs, downtime and […]
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Planning to sell your business?
July 9, 2017Nearly two out of five small business owners want to sell their business, according to research commissioned by American Express as part of the recent ‘Shop Small’ campaign. With more and more businesses coming on the market, ensuring your business is well-managed, profitable and ‘sale ready’ is more important than ever. The sooner you start […]
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Ten things it’s never too late to know
June 16, 2017Hobart partner Michael Burnett recently did a presentation to small business owners on things it’s never too late to know when you run a business. You may enjoy testing your business actions against this list. This article has been posted in full on our national site. If you would like to continue reading please click […]
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Small business tax cuts on the way
June 16, 2017In a bid to aid business growth and innovation as well as create more jobs for Australians, the Government plans to reduce the corporate tax rate for small business over the next decade. The good news for small to mid-sized Australian businesses is that an increasing number of them will become eligible for more tax […]
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Get engaged – unlock the hidden drive in your people
March 31, 2017Getting the best performance from your people and tapping into their talent isn’t complicated. All business owners need a great return on their investment in people. As a leader of those people, you want to motivate them and make them productive. They are the largest expenditure for most businesses, and with the right management they […]
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Top SME trends/strategies 2017
March 24, 2017Here’s our take on what innovative SMEs will be doing this year. Equity crowdfunding With federal legislation recently introduced, we can expect to see increased crowdfunding activity. Unlisted public companies with under $25 million in assets and turnover can raise up to $5 million on crowdfunding platforms. This article has been posted in full on […]
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