Small business financial reporting – doing your BAS right

As a small business owner you often don’t have a lot of left over time to spend keeping your records, so it helps to get your reporting done right the first time. One part of financial reporting for your business that can cause confusion is the completion of your Business Activity Statement (BAS). Here are some tips that will help you to complete your BAS quickly and easily. What is a BAS? Businesses use a business activity statement (BAS) to report [...]

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6 small business tips for improving customer satisfaction

Customer satisfaction is crucial for every small business. It is what keeps people coming back and recommending you to their friends. Ultimately, this is what pays the bills and keeps your business going. Once you have achieved attracting a new customer, it is important to ensure that you don’t lose them. This can happen without you even noticing and is something you have to constantly think about. Here are some ways you can show a bit of love to [...]

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5 back-to-school tips for small business owners

The fresh feeling of heading back to school after a break inspires and motivates students. Often small business owners and customers have that initial motivation too, but over time it wears off. Not only do you need to remain enthusiastic and focused, but your customers need to be reminded why they chose to do business with you in the first place. You can learn a lot from the back to school season, so here are some school inspired tips for [...]

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Why are more Australians shopping small business?

Australians are beginning to realise that small businesses are a vital part of the nation’s economy, according to results from the second annual Westpac Australia Day Index. The results of the survey show that 9 out of 10 Australians are faithful to their local shops and around half will purchase from small businesses in order to help strengthen the nation’s economy. This is a pretty big change from 12 months ago when the average Australian consumer preferred to shop at bigger [...]

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7 ways your small business has an advantage over bigger competitors

As a small business you need to understand your advantages over larger businesses in order to succeed. Often, small businesses try to look big and the bigger businesses try to look small and personal. It’s important for you to embrace your strengths in being small. Here are some tips for taking advantage of being one of the little guys. Be Flexible – Sometimes watching what bigger businesses can do is scary, but they are usually focused on large volume products [...]

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Easy accounting software frees up your volunteers’ hands

Volunteers are the lifeblood of any not for profit organisation and without them things just wouldn’t happen. But unfortunately you probably face a revolving door of new committees and treasurers most years; or maybe the people putting their hand up don’t have the skills you need to keep the organisation’s finances up to date, especially when using systems that require the user to understand accounting. Now, that is not to criticise volunteers in any way! Most are hardworking, community minded [...]

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6 things small business owners can learn from the Winter Olympics

The Sochi Winter Olympics has been a masterclass on how to set goals and work to achieve them. The perseverance, time and dedication displayed by the talented athletes are inspiring and somewhat similar to what entrepreneurs do. Therefore I have drawn some parallels and found six things that the 2014 Sochi Winter Olympics can teach small business owners. To Reach Your Goals You Have to Put in the Hard Work Thousands of hours have gone into the training and [...]

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6 small business tips to help you plan for the new year

The silly season is almost upon us and 2014 is only weeks away. This period can be crazy for many small businesses, with staff absences, increased business activity, and extended trading hours. Business owners need to have a plan in place to kick off the new year in the best way possible. Review Your Products and Services Can you repackage or arrange promotions to make your products and services more attractive to changing customer needs for the holiday and new year [...]

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