Brand collaborations to boost your business

When we need a job done or have to ask someone for help, the most common response is “I know a guy!’’ Growing your business through word of mouth is the Australian way. However, times are changing. With more and more businesses investing in digital advertising and brand collaborations, it can be hard for people to notice your brand. Whether you’re a new business or have been in the game for a while, if you are wanting to reach a [...]

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Small business culture

On average, we spend 90,000 hours at work in our lifetime. So, as a business owner, making sure your workplace has a positive culture, is the best thing you can do for your company. Culture, as defined by the Cambridge Dictionary is “the way of life, especially the general customs and beliefs, of a particular group of people at a particular time”.  So, what makes the culture in a workplace positive?   Atmosphere  Culture in the workplace can make or break an organisation. Without a positive culture, employees will struggle to find value in their work. In turn, this can lead to low productivity, stress, and poor morale, which will [...]

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Business Planning: Your Competition

Analysing your competition is a key component when writing your business plan. Understanding both your current and potential competitors is critical to ensure your business survives and grows. In this chapter of Business Planning you will learn the key aspects of conducting a competitor analysis. An analysis can be a time-consuming exercise, to make the process easier start with the current businesses you will directly compete with. For example, if you plan on opening a local bakery you should investigate [...]

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Business Planning: Goals and Objectives

Goals and objectives steer a new business in the right direction and help to keep an existing business on the right track. Think about it, you need a final destination before you can land a plane. Including your business goals and objectives in your business plan is giving the reader confidence in you and the future of the company. In this section of ‘Business Planning,’  we will cover how to set your business goals and objectives. To start, you need [...]

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Why business plans are the recipe for success

A business plan is the recipe you are going to follow to construct and develop your business. 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. Companies that write and review their business plan regularly grow 30% faster  than [...]

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Knowledge Base: Your Cashflow Manager Help Centre

You spoke, we listened, and now we would like to introduce you to Knowledge Base, our online Cashflow Manager Help Centre. Cashflow Manager Knowledge Base This centralised hub, which you can access direct from the support tab on the Cashflow Manager website, gives you instant access to helpful information on all Cashflow products, from installing the latest software update to handy hints and tips for setting up and using Single Touch Payroll. Access Knowledge Base direct from the Cashflow Manager website Knowledge Base [...]

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Small business bookkeeping deadly sin #2: Not doing the books often enough

A bad habit that many small business owners admit to is that they do not put time into doing the books very often. Sometimes this stretches for months at a time and culminates at tax time. However, a regular bookkeeping system can provide you with benefits that you would otherwise miss out on. Bookkeeping can be an important asset for your business. It can put your business on a successful course by helping you make those important decisions. A yearly [...]

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Small business bookkeeping deadly sin #1: Not reconciling your records to your bank statement

So, what is the first small business bookkeeping deadly sin? Failing to complete a bank reconciliation. It is one of the first things your business accountant and tax auditor will want to see. It is an easy way of ensuring your finances are up to date and indicates the quality of your records. NON-RECONCILED RECORDS: Are a headache for your accountant and will require more time to analyse. You may pay more than necessary to the Tax Office because you missed something [...]

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The 9 deadly small business bookkeeping sins… and how you can avoid them

Time and time again, businesses continue to succeed for one fundamental reason. It doesn’t matter how much money they start with, how lucky they get, or even how much talent they can combine. It certainly doesn’t depend on knowing some special “secret” that no one else in their industry has cottoned on to. Having any of these things can help, just as it helps to have an excellent product or service and plenty of common sense. But in our long experience, [...]

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