Tag: Business Advice

Focus on net profit or your bottom line in your business when you are setting targets for the next year. Ewen explains why that is important, particularly this year with ongoing staff shortages.

Ewen explains why focusing on your business fundamentals for 90% of your time is the key to success.

There’s an old adage: “You need to spend money to make money.” It’s true, profitability and expenditure go hand in hand in business. But just because you need to spend money to set your business up for success, doesn’t mean you need to spend more than is necessary. That’s where a waste and profit review…

For many business owners, the pandemic has disrupted ‘business as usual’. Budgeting and business planning have been put aside, while businesses scrambled to adjust to changing regulations, lockdowns, and fluctuating demand. With vaccination targets reached, and business as usual returning, now is a good time for a business health check.  What is a Business Health…

A quick look at news headlines over the past 10 months (since we published our Business Outlook for 2021) reveals the turbulence the Australian economy has experienced. On June 1, Reuters published “Australia’s economy booms to pre-pandemic levels as consumers, businesses spend”. 6 weeks later, a Reuters headline read “Australia faces first economic contraction in…

Aligning your marketing strategy with your financial goals helps ensure your actions are focused and impactful. But for many businesses, there isn’t adequate communication or strategy to align the two. Bridging that gap can help you take steps towards increased growth. Here are three practical ways to align your marketing strategy with your financial goals:…

In this month’s News Update we share why goal setting at this time of the year is a great opportunity to see what you want to achieve for the year ahead and we discuss why you should have a contingency plan in place for any COVID challenges. Don’t forget the Instant Asset Write-off is still…

There’s plenty of reason to be optimistic about 2021 - especially since the business outlook is better than you might think.

If your business hired employees after 6 October, 2020 then you may be eligible for the JobMaker Hiring Credits payment. This could be worth up to $10,400 per eligible employee. Key details and eligibility criteria are: 1.       New employee aged 16-35 at time of hiring; 2.       New employee works at least 20 hours per week; 3.       New employee to…

In our recent video podcast with the Ambitious Accountant I speak about how you should be working to make yourself redundant over time. While it may seem counter-intuitive, discover what I mean by ‘making yourself redundant’ and why it’s important to build systems and processes into your business, so that your business can GROW!

With the endless demands for your attention during these COVID times, you could be forgiven for nearly missing the odd thing or two. However no one likes to miss out on any free money and with this in mind below is a summary of what your Victorian business may be eligible for: The above stimulus…

For your business to come out the other side of COVID 19 restrictions and more importantly the recession, it is crucial that you buy yourself as much time or “runway” as possible. How do you as a business owner extend the time your business has to survive and ultimately “take off” and thrive? Here are…