Why business plans are the recipe for success

Have you ever baked a cake without checking what ingredients are needed or finding out the correct measurements? If you have, the chances are it didn’t turn out as you’d expect. Running a business is much like baking a cake, without following the recipe your business can end up crumbling. A business plan is essentially the recipe you are going to follow to construct and develop your business. Companies that write and review their business plan regularly grow 30% faster  [...]

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How to keep good client relationships

Whether you’re an agency, a contractor, or solo consultant, strong client relationships are essential to success. After getting the customers, you need to keep them happy. If you’ve ever had client-facing role, it’s easy to spot the differences between a good and a bad client relationship. A good client relationship makes you feel like you are partners in crime and true team players. Your relationship shows trust, mutual respect, and honesty. If you’ve reached this point, then you couldn’t ask [...]

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Chair yoga: how to help your physical health at work

Chair yoga is an effective way to help your physical health at work. You’ve probably felt the effects of spending a long period of time at your desk; strained neck, sore shoulders and back, stiff spine. Sitting for hours a day puts a lot of strain on your body causing imbalances in your spinal structure, disc damage, and a stiffened back.  Alongside the aches and pains, there is a significant amount of research addressing the long-term health effects associated with desk-based work; high blood pressure, elevated cholesterol, increased risk of diabetes, impacted blood flow and [...]

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Small business leadership - like a boss

Leadership mastery: Knowing your weaknesses

Apparently, employees leave managers, not companies. Bridgette Hyacinth, an expert in HR and leadership writes “In spite of how good a job may be, people will quit if the reporting relationship is not healthy”. Despite evidence that 50% of American workers voluntarily leave their jobs because of bosses, the statement remains questioned. According to data gathered by Culture Amp, only 12% of the decision-making process made by an employee before leaving a job, was down to the manager. Their opinion: development opportunities. In fact, their [...]

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Customise customer invoices

How To Customise Your Customer Invoices

Sending invoices is a major role for a business owner, without them, you don’t get paid. Cashflow Manager has the functionality to customise your customer invoices. By using a customised layout, you can add on a logo or image, personalized messaging, payment terms and payment information. The Customised Layout function is located in the Invoice Manager module under the Tools menu. In there you have the option to customise Invoices, Adjustment Notes, Picking Slips, Purchase Orders, Purchase Invoices, Receipts and Statements. To [...]

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Simple, Low Cost Single Touch Payroll Compliant Software

We are excited to release a low-cost, Single Touch Payroll (STP) solution for very small business’, called Wages 1-4. We released this solution in response to an ATO initiative aimed to assist businesses with very few employees, who do not currently use payroll software, to begin reporting electronically. Our pricing and product features are set according to the ATO’s guidelines. You can see Wages 1-4 listed here on the ATO no-cost and low-cost STP solutions register. Wages 1-4 looks and functions much [...]

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Single Touch Payroll now available in Cashflow Manager

As you are aware, the ATO have announced they are making big changes to how small businesses report to them. Specifically, the ATO is transitioning businesses who pay wages to employees to digital reporting methods. This new method of reporting is called Single Touch Payroll (STP). This simply means that employers will be required to send their employees’ tax and super information to the ATO each time they run their payroll and pay their employees. STP reporting has been rolled out gradually [...]

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What do the Banking Royal Commission findings mean for Australian Small Business and Agribusiness?

The final findings and recommendations by Commissioner Hayne were released to the public on Monday 4th February. We have sifted through the 76 recommendations and drawn out those which will impact SMEs and those in the agricultural industry specifically. SMEs The definition of small business This will be simplified so that an additional 10,000 to 20,000 additional SMEs in Australia will be governed by the Banking Code. This will offer better protection for these businesses when dealing with their banks. Credit assessment process There [...]

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Staff management in small business

It is no secret that the way you manage staff in a small business has a significant influence on their productivity, performance and job satisfaction. As a business owner, you may need to adopt effective management techniques to get the best out of your employees and increase cash flow. Your staff management style will determine how motivated your employees are to participate in and contribute positively to the workplace and treat it as if it were their own. Sometimes managing [...]

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Managing cash flow for small businesses

Every business, no matter how big or complex, must follow certain steps in order to be successful. One of the key steps in growing your small or micro business involves managing cash flow by tracking and improving your finances. Cash flow refers to the incoming (profit) and outgoing (expenses) movement of cash that keeps your business running the way you want it. If you own a small business, using simple bookkeeping software is key and is a reliable way [...]

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