Peter Drucker, one of the most influential commentators on business success, coined the phrase: “What gets measured, gets managed.” Essentially: measure the wrong stuff and you’ll waste time managing the wrong stuff. Understanding your business and using the data to make effective, strategic decisions is vital to the success of your business. Setting and managing Key Performance Indicators (KPIs) helps … Read More
5 business areas (other than tax) your accountant should work on
Choosing the right accountant is a big business decision. The relationship you have with your accountant should be one of your strongest and most important business relationships you’ll have, so choose wisely. Regardless of where you are in your business journey, your accountants’ expertise should not be limited to tax compliance. Not only should your accountant be proactive about saving … Read More
The four keys to successful business planning in 2017
As the New Year rolls over and we go full steam ahead, forward planning can be forgotten. To appropriately plan your calendar year in business there are four key areas that should be kept top of mind. Four key things to consider in 2017 Key dates From Business Activity Statements, to PAYG statements, to Super Guarantee Contributions, to tax … Read More
CGT + business sales: how you can benefit at the right time
We all know it takes years of hard work and effort to reap the benefits from a successful small business. If you’re considering selling your business, it’s crucial to approach it correctly or risk losing the benefits of your hard work. Timing is critical The earlier we can establish the value of your business, the more opportunity to make … Read More
2 minute read: Easy tips to save you time
As a small business owner, we know ‘time is of the essence’. And while there never seems to be enough of it to go around, we’ve got some simple time-saving tips to reorganise your work life and maximise your free time. Embrace technology We’re lovers of technology. We love using the latest technology to improve our clients (and our own) … Read More
Premise dilemma: how to overcome spatial growing pains
When your business grows, it’s a great thing. But your business can grow rapidly and without adequate planning, there may not be enough space to work efficiently. There are several things to consider when deciding to expand premises, including whether to buy or to lease new premises. The options Leasing commercial premises Leasing commercial premises does not require the … Read More
Tech trends to help you do better business
This year Tech Trends release their annual business technology trends report for 2015. The report: Digital Business Era: Stretch Your Boundaries details that over the last few years businesses have leveraged social, mobile, analytics, and cloud (SMAC) to transform into digital businesses. But the report explains (and very rightly so) the challenge facing business is this: what will businesses do … Read More
Easy tips to manage your time better
If small business owners weren’t running their businesses, they would make skillful jugglers because if it’s one thing small business owners do well, it’s juggle their time. Important decisions need to be made while at the same time not neglecting the day-to-day running of the business and managing emails and accounts. In our last 2½ years in business, we’ve come … Read More
On The Record: Staying on top of small business accounting
Staying focused on accounting is hard for any business owner. If you don’t manage your small business accounting accurately, you can endanger the success of your business. Our 5 accounting tips to help grow your business. Professional vs. DIY Though many business owners act as head of accounting, sales, and marketing to cut cost, it helps to hire … Read More
Exit Strategy: How to successfully exit your business
An entrepreneur lives for the struggle of launching their business. But an often forgotten fact is; decisions made in the beginning can have implications well into the future of the business. As it turns out, once you build the business and your fortune, you need an exit strategy to get the money back out. As accountants we like to … Read More