The Australian Government’s R&D tax incentive provides targeted offsets that aim to encourage more companies to engage in R&D, in order to contribute to a stronger economy. The incentive is designed to encourage research and development activities that companies may not otherwise do due to uncertain returns and risk. What’s involved? The R&DTI offers two […]
Demystifying Your Balance Sheet
Do you understand the story your Balance Sheet tells about your business? It’s important you understand the components of your Balance Sheet and the key ratios that measure the health of your business. 1. It measures the net worth of your business. You Balance Sheet is made up of all of your assets and liabilities; […]
The Importance of Good Leadership in a Crisis
When the going gets tough, your role as leader becomes even more important to the future survival, recovery and success of the business. As we’ve seen during the recent coronavirus pandemic, the 2008 economic crash and many previous downturns, having a strong leader at the helm serves to give your people and strategy some real […]
Cutting Costs or Increasing Your Prices? We Can Help
With more than 85% of SMEs expecting a lower profit in the next nine months, the more prepared you can be for the unexpected, the better. Managing expenses is a good idea at any stage in your business and you may need to consider increasing your prices. Smart ways to get your costs under control […]
Balance Passion and Planning When You Pitch for Funding
Seeking outside funding for your business is a big step. Whether you’re looking to start a new business or expand an existing one, it makes sense to feel a little nervous. But if you combine your passion for your business with detailed financials and meticulous planning, there’s nothing to be afraid of. Have a plan, […]
What’s Involved in Setting Up a Self Managed Super Fund?
What is a Self Managed Super Fund (SMSF) and how do you go about setting one up? The general consensus is that there are less fees and you have greater control on how your money is invested and so by taking control of your Superannuation YOU can make more money and retire on a larger […]
Setting Sales Targets
Setting sales targets for your business is standard practice for any aspirational, growing company. If you’re going to stretch the sales and marketing teams, it’s important to have clear, unambiguous targets for them to aim for. But what happens when a crisis looms? In uncertain times it’s more than likely that your pre-crisis sales targets […]
Top Tips for Building a Strong Company Culture
Like it or not, all companies have a culture. While it might be easy to define culture in nice words, it can be much harder to grab hold of in daily business, especially when times get tough. A strong company culture is a driving force, underpinning a successful, resilient team. It shouldn’t be ignored, especially […]
Protecting Business Relationships in a Time of Crisis
Strong relationships with clients, customers, suppliers and staff are a key part of business success. But in a crisis, it’s easy to focus on your own issues and neglect those important connections. Here’s how to stay connected during difficult times – because you won’t get through without strong relationships and ongoing support. Communication and contact […]
