Improving Your Business

Your business, your future, your prosperity

Business Plans are like maps for tourists.

Like sight-seeing (COVID-19 permitting these days), we plan where we’re going, what we’ll visit, where we’ll stay and, if we get side-tracked, how to navigate back to our original itinerary.

Planning a business is very similar in that you need to develop […]

VIC Small Business Digital Adaptation Program

Digital Charge

Software Boost For Small Businesses

Applications for the second round of the Small Business Digital Adaptation Program will close on 5 December 2021.

Thousands of small businesses around Victoria will have the chance to improve their online presence and arm themselves with more digital skills, with the Small Business Digital Adaptation Program reopening for applications.

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Free confidential business mental health program

NewAccess developed by Beyond Blue

NewAccess for Small Business Owners is a free and confidential mental health coaching program, developed by Beyond Blue to give small business owners, including sole traders the support they need.

Over six sessions, coaches with a small business background will work with you to overcome difficult issues, providing you with […]

What your business is worth and why it matters

Building a business can be a long, challenging process

One way to assess how you are doing is to VALUE your business… and then try to grow that valuation.

This keeps management on track and is interesting to sellers, investors or lenders. In this article, we look at how to go about valuing your business.

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COVID-19 Strategy: How To Move Your Business Online

Moving online is not a myth and it is changing the face of business

Prolonged and disjointed trading restrictions have forced many bricks-and-mortar businesses to close while the government works out how to slow the spread of COVID-19.

The SME Compass* report states that 72% of small and medium businesses (SMBs) had their operating capabilities […]

Brainstorming – Harvesting Brilliant Ideas for your Business

Great businesses and projects start with an initial idea

BRAINSTORMING is the process of developing ideas that can be implemented in successful businesses.

Occasionally, brilliant ideas can ‘just happen’… but more often, they are the product of a rigorous process. For more on how to brainstorm ideas, read on…

As accountants, we are very encouraged […]

Your Financial Literacy

Accurate financial reporting

Why good financial reporting is essential and the consequences of missing the mark.

The importance of accurate, ethical financial reporting can’t be underestimated.

Business Australia recently reiterated this fact in their article Accurate Financial Reporting: 12 Must-Dos, highlighting why good financial reporting is critical to your business for a range of […]

How business owners can win and keep the right talent

Many small business owners remain optimistic about a new financial year

Despite this, the ongoing uncertainty around COVID-19 has resulted in an unstable economy, with the impact on the job market hard to predict.

In fact, Xero research revealed that almost half of small and medium business owners believe small businesses will be key […]

When is the Right Time to Sell your Business

You may only sell one business in your lifetime

We hear comments ranging from “I don’t plan to sell my business” to “I’d sell it yesterday if I could!”

It’s just a matter of time. People don’t live forever. Companies, trusts and other structures can last a long time but they are ultimately owned and […]

Bringing Cash to the Centre

Emerging Cash Management Best Practices

The initial response of many business leaders to COVID-19 was to ensure survival.

Most succeeded and, in the process, reinvented their business to suit the ‘new order’.

Some reduced the range of activities or down-sized in anticipation of better days. Others preserved cash by reducing external spending, cutting dividends, closing temporarily and […]