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10 ways to improve your business’s profit
August 5, 2019Does your business have a sales focus or a profit focus? In our experience, too many business owners and their sales team are motivated by top line revenue rather than bottom line profit. To change this focus we often talk of four key drivers that can help increase profitability; reducing costs, increasing turnover, increasing productivity […]
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Australian Minimum Wage increase 2019
June 13, 2019Make sure you’re paying your employees correctly! On 30 May 2019, the Fair Work Commission announced a 3% increase to the minimum wage. This increase will benefit approximately 2.2 million Australian workers. The annual increase comes after careful review of the current economic situation in Australia, particularly in relation to lower inflation rates and GDP […]
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If the price is right!
May 14, 2019The relationship between price and profit. Price, more than any other variable in business, can deliver significant profits straight to the bottom line. Ironically, it is also the variable that many business owners are most reluctant to tinker with. There is an overwhelming fear that increasing price will result in lost customers and lower sales. […]
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Strategic Planning for Small Businesses – Where to start.
March 25, 2019Develop a Strategic Plan for your business today! As the owner of a small to medium-sized business, finding the opportunities and infrastructure for growth can be tough. There are many moving parts that you will be responsible for especially how those parts operate and maintain stability on a month-to-month basis. If you’re looking to grow […]
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Confronting the brutal facts about your business
March 8, 2019Take a critical look at your business and confront areas for improvement! As many of us realise early in our lives as business owners or entrepreneurs, the trajectory of success isn’t always a steady rise to the top. From environmental conditions to shifting interest, it’s inevitable that every business is going to have some areas […]
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A Google My Business profile is essential for every business!
February 25, 2019Do you want a free and easy way to promote your business? Google My Business is a free and easy tool available to any business wanting to generate new clients, stay connected and keep them informed while encouraging them to act. A budget, or forecast, is a forward looking document. It reflects the financial agenda […]
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Budget is not a dirty word!
February 4, 2019The importance of budgeting for small businesses. To many small business owners, ‘Budget’ is a dirty word. Maybe it comes from politics, maybe we are scared off by the dreaded ‘household budget’ but the bottom line is that many business owners go through life without exploiting the power of budgeting in their business. A budget, […]
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Efficiency and accuracy with Payroll Online
January 7, 2019Modern payroll systems to make employers and employees’ lives easier! Payroll systems have come a long way in recent years. Seamlessly incorporating cloud and mobile technology, the modern payroll system can result in more efficient and accurate processing by the employer and an easy to use mobile experience for the employee. Single Touch Payroll commenced […]
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Ho! Ho! Ho! Where’s my cash flow?
December 4, 2018The small business owners, Christmas woe. Christmas comes but once a year… but for many small business owners, that’s one too many times. Whilst many of us are reveling in the festive season with family and friends, for the small business owner it can be a time of long hours, high stress and no cash. […]
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Why does my profit continue to grow but my cash flow is still low?
November 21, 2018High profits does not always equal strong cash flows. There’s nothing more frustrating as a business owner than having your accountant tell you that you’re making strong profits, however still struggling day-to-day to pay bills when they become due. A common misconception in business is that a strong profit means a healthy business but high […]
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