Monthly Archives: May 2017
Retaining employees
Retaining employees is important when building and maintaining a successful business. Creating a business with high employee retention rates will save you money in hiring and training costs and will help in achieving your business goals because you can have faith that your employees are loyal to you and want to see the business thrive. […]
Common mistakes businesses make on Twitter
With over 328 million monthly users, Twitter can present businesses with numerous opportunities to gain new clients and strengthen existing client relationships. It is important to use Twitter effectively in order to remain a strong identity on the social media platform, to gain trust and loyalty from clients and to grow your business. Consider the […]
Handling a busy calendar
It is inevitable that at certain times, you are going to be busier than normal. It is these times that require careful planning in order to complete the tasks that need completing promptly while ensuring the quality of your work remains at a high standard. Consider the following to avoid becoming overwhelmed. Prioritise When your […]
Calculating your ‘total super balance’
Following changes to superannuation coming into effect from 1 July 2017, some super members will need to calculate their ‘total superannuation balance’ to work out their eligibility for a number of contribution measures. A member’s ‘total superannuation balance’ refers to an individual’s total super interests on a given date. The ‘total superannuation balance’ is relevant […]
ATO cracks down on super non-compliance
The Australian Tax Office (ATO) is cracking down on super guarantee (SG) non-compliance, addressing around 21,000 SG non-compliance cases in 2015-16 alone. Since 2010-11, the ATO has transferred almost $2 billion in SG entitlements to employee’s super funds. The Tax Office receives roughly 20,000 reports each year from people who believe their employer has not […]
Social media no-no’s for small business
Not having a presence on social media can be detrimental to small businesses, but having a presence that is poorly managed is even worse. Businesses can quickly lose a lot of support through mishandling their social media profiles. Customers and potential customers can be brutally honest and if they do not perceive your business well, […]
Planning your estate
Estate planning is an important aspect of managing your financial health. Having your affairs in order will help protect your assets and give you peace of mind. Here are three things to consider when planning your estate: Have a valid, up-to-date Will Preparing a valid Will is first and foremost. A Will helps ensure your […]
Managing morale through change
Adapting to change is essential for business survival. And as much as some try to resist it, most change is inevitable. Therefore, managing change is a key skill for business owners. Every business will come across change in some form throughout its lifespan. Workplace changes such as new policies and procedures, restructuring, or emerging financial […]
Successful business borrowing
With banks conducting careful research to determine a business’ risk factor, it is more important than ever for businesses to maintain a good relationship with their bank in order to safeguard their future access to funds. Preparing a strong business plan This is one of the first steps to ensure that the bank will identify […]
Preparing your small business for rapid growth
Rapid growth for your small business may sound like a dream come true but it can be the achilles heel that sees your business fail. Rapid growth can stretch you, your resources and your finances to the extreme and can result in countless stresses. It is important that when you visualise your business growing, you […]