Wednesday, January 16 2019
In a lot of situations, hiring a contractor to get a particular job done makes perfect sense. It may require expertise or skills none of your employees has. You may only need someone for a short timeframe to clear a backlog of work. Or maybe you just want to avoid having to go through a formal recruitment process.
But be careful. Even though you hired them as a contractor, the Australian Taxation Office (ATO) may actually see them as an employee. And the penalties for disguising an employee as an independent contractor (known as “sham contracting”) can be up to $51,000 per instance... Read more
Wednesday, January 02 2019
“I’m a referral business.”
“I don’t have the budget for marketing.”
“I’m just too busy to market my business!”
If you find yourself saying any of the above, it’s likely that you experience considerable peaks and troughs in your small business...Read more
Monday, December 17 2018
The administrative load involved in efficiently rostering staff, preparing accurate timesheets, and ensuring that everyone is paid correctly can be a huge burden on a small business – especially if you are doing it all manually.
If your business involves shift work or hourly work in hospitality, retail, healthcare, construction, security, or similar fields it can be even more challenging... Read more
Monday, December 03 2018
This opportunity might be staring you in the face.
LinkedIn is the world’s largest database of professionals; hundreds of millions of professionals waiting there, ready to be connected with and engaged... Read more
Thursday, November 15 2018
They say only two things are certain in life: death and taxes. For a lot of people, there’s also a third certainty in life: the pain of keeping track of every receipt when it’s time to do the taxes.
How many times has your bookkeeper or finance manager asked you for a receipt (that you swore you stuffed somewhere in the wad of receipts in your wallet) that you’ve then had to scramble and search everywhere to find?... Read more
Thursday, November 01 2018
The possibilities provided by cloud and mobile technologies are beyond what most people would even have considered possible just a decade ago.
But have you adapted and updated your systems to keep up with — and take advantage of — these exciting and fast-moving changes? Or are you still determined to drive the steam engine?...Read more
Thursday, October 18 2018
“The cloud” is a phrase that means something very different these days, due to the increasing use of cloud computing. But what exactly is cloud computing? And is it a good option for small businesses?
First, a quick definition. Without getting lost in ‘geekspeak’, cloud computing simply means both the software apps you use and your data are stored on remote servers on the Internet, rather than ‘locally’ on your computer’s hard drive or your own server(s)...Read more
Thursday, October 04 2018
Think back to the days before you started your business, when you were working for a boss. Chances are you were rewarded for your hard work with a regular salary. It may not have always been the same amount, but it came through like clockwork. And for the next week, month or however often you got paid, you’d do your best to make it last.
But now you are the boss, and so you don’t need to be restricted to a set salary, do you? You can simply draw money out of the business whenever you need it, right?...Read more
Tuesday, September 18 2018
As a business owner, do you or your managers spend a lot of time recruiting, conducting exit interviews, and onboarding new staff?
When the ‘revolving door’ in and out of your business doesn’t stop revolving, it can impact so many parts of the business that it soon becomes a priority to address the problem.
A high staff turnover rate doesn’t just impact those doing the hiring. It is damaging for general motivation, performance and productivity; it may lead to negativity in the workplace culture; the cost of hiring eats into profits; training and development costs go through the roof; and, worst of all, the chaos that can result from a constant flow of new faces in the business flows outwards to customers – and may cause them to look elsewhere... Read more
Monday, September 03 2018
While everyone wants their businesses to be successful and operate for a long time, you may not necessarily want to remain at the helm.
At some point, you may want to pass the business on to your children, or to someone else in the company. You may want to sell your share to your business partner. Or you may want to sell the business to another person or company, and retire on the proceeds.
Ideally, you will choose the timing and method of your exit from the business. However, the way life unfolds sometimes, business owners do not always have a choice in what happens, or when...Read more