In the last week of the August Parliamentary sittings, the controversial corporate tax cut plan for the big end of town (i.e., companies with an aggregated turnover of over $50 million) was defeated. In addition, long-awaited legislation impacting the company … Read More
Editor: Recently issued draft legislation has focused on introducing new measures to manage the growing cash economy (i.e., the ‘black economy’) in light of the Black Economy Taskforce recommendations and recent Federal Budget announcements. Two of these key recommendations are outlined … Read More
In our Blog article 21 Steps to Eliminate Frustration In Your Business we’ve posed 21 questions to help you think about where you’re at in your business right now, and they were ‘hand-on-your-heart’ questions, I admit that. You see, often … Read More
Tradies and small business owners go through different business cycles and growth phases. There could be external factors that are influencing this for you. More often than not though, it’s the strategic decisions that you take which determine the success … Read More
In a typical husband and wife partnership, one partner is qualified (for example an electrician) and produces the partnership income and the other partner may be involved in administration for the partnership. Profits from the partnership are normally split 50/50 … Read More
Many Tradies operate with their business processes and systems in their heads. They know what they need to do each day and the way they want to get things done. Unfortunately when a business grows and staff need to be … Read More
In our last few blogs we have talked about whether or not your business is saleable and some ideas to help improve that. Here are some numbers that would scare you: With only 10% of strategies being executed, business owners … Read More
When you start a new project for your clients you probably have certain routines to get them up and running. Everything runs a certain way when you do business, from quoting for the job, scheduling it in your calendar of … Read More
It’s an unpleasant reality of running a business – sometimes you’re going to have to cut costs. You only have to look at the sobering examples of Holden and Toyota announcing they’ll take their car manufacturing operations overseas, which will … Read More
Going into business can be a very rewarding experience, and going out of business making a profit can be even sweeter. However, it is estimated that only 21% of businesses owners ever sell their business. Many business owners believe that … Read More