Paying the required surcharges on debit card transactions made by your customers is an operational cost that many business owners would love to see disappear. The good news for Australian businesses is that the Government is also keen to ditch debit card surcharges. In October 2024, plans were announced to ban debit card surcharging from […]
You’ve spent years growing your business and adding value to the company. Now it’s time to sell up, get a good deal and liquidise the equity you’ve had locked up in the business. In this series, we’ll give you all the advice you need to plan your exit, add value to the business, negotiate a […]
You’ve spent years growing your business and adding value to the company. Now it’s time to sell up, get a good deal and liquidise the equity you’ve had locked up in the business. In this series, we’ll give you all the advice you need to plan your exit, add value to the business, negotiate a […]
Is your business model as solid and future-proof as you think it is? Small businesses face a number of challenges in 2024, with the business environment, globalisation, technological change and difficult economic conditions all playing a part. So, is your business ready to pivot and embrace the future?Or could the viability of your business soon […]
Once you’ve built up a successful business, you’ll want to see a healthy return on this investment. But in today’s turbulent business environment, a once stable and profitable company can quickly decline and fail to grow, losing the hard-won value you’ve built up. If you’re a mature owner looking to retire in the near future, […]
Selling up and exiting the business is a major chapter in your business journey. But if you’re going to get the maximum return on investment (ROI), it’s vital to have an exit plan and to think seriously about how you add value to the business in the run-up to selling. Forward planning prior to a […]
Seasonal dips in income can be highly challenging when you’re a small business. But there are proactive ways to predict, plan for and overcome these dips in revenue. The key to dealing with seasonal dips is to know when they’re most likely to occur, and to have measures in place to spread your income and […]
We’re living through what the World Economic Forum has called ‘The Fourth Industrial Revolution’, and artificial intelligence (AI) is one of the formative technologies of this revolution. AI is no longer the stuff of science fiction. AI solutions and business tools are here right now, demonstrating new ways to operate, manage and staff your small […]
As part of ongoing reforms to improve financial well-being in Australia, payday superannuation payments are now becoming mandatory. This shift ensures that employees will receive their superannuation contributions from employers at the same time as their wages, instead of waiting for quarterly payments. Here’s what you need to know about this important change: What Is […]
Australia’s small businesses are the power behind our economy. Small businesses (employing less than 20 people) added nearly $590 billion of value in 2022, making up around a third of all Australian gross domestic product (GDP) for the period. But keeping on top of your financial management, accounting and tax planning can be a major […]