the blog

Welcome to our blog, we're excited to have you here! we hope the business advice, success stories and case studies we share will help you on your entrepreneurial journey

Lazy Retailing

  The Impact of Lazy Retailing   The start of 2020 has seen up to 170 stores earmarked for closure across Australia.  The companies in question include:   Harris Scarfe – closing 21 stores McWilliam’s Wines – run by the same family for 140 years went into voluntary administration EB Games – will close at […]

January 27, 2020

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Business Tips, E-Commerce, Profitability, Small Business, Women in Business

A Fresh New Year – 2020 

  We can’t believe 2020 is almost here.  It’s not only the start of a new year but also the start of a new decade!  Lots to plan, do and achieve.  A new year brings with it the promise of new beginnings so now is a good time to consider your personal and business goals.  The two […]

December 30, 2019

Calendar January Want to start 2020 off right?

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Business Tips, Cashflow, Profitability, Small Business

Structure of a Balance Sheet

  Business owners that understand their numbers are more profitable than those that don’t. Some business owners make decisions based on “gut feel” or the amount of money in the bank account. These decisions can prove to be toxic and detrimental to the business. It is important that businesses have accurate and timely financial data. […]

November 25, 2019

What's the point of a balance sheet?

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Business Tips, Cashflow, Profitability, Small Business

Structure of a Profit and Loss 

  Business owners that understand their numbers are more profitable than those that don’t.  Some business owners make decisions based on “gut feel” or the amount of money in the bank account.  These decisions can prove to be toxic and detrimental to the business. It is important that businesses have accurate and timely financial data.  […]

November 18, 2019

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Cashflow, Small Business, Women in Business

ARE CHRISTMAS PARTIES & GIFTS TAX DEDUCTIBLE?

  Christmas is fast approaching with only 6 Sundays until Christmas!  Gift giving and Christmas parties are well underway and it is a good time to be aware of the most tax advantageous ways to be generous to staff and clients.  The best gifts tax wise are ‘non-entertainment’ gifts such as wine, chocolate, hampers, skin care products, massage vouchers etc as these gifts are […]

November 11, 2019

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Cashflow, E-Commerce, Small Business, Tax Deductions, Women in Business

THE DIFFERENCE BETWEEN CASH FLOW AND PROFIT

  It is possible to have a profitable business and cash flow problems.  It is also possible to have an unprofitable business and no cash flow problems.  Cash flow and profit are two different financial indicators and when operating a business you need to track both. Cash flow Cash flow is the money that flows […]

October 28, 2019

Difference between cash flow & profit

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Cashflow, E-Commerce, Reporting, Small Business, Systems, Women in Business

Chasing the Unprofitable Sale

  Chasing the Unprofitable Sale   Google “how to increase sales” and there are about 924,000,000 results.  Google “how to avoid an unprofitable sale” and there are about 2,340,000 results.  Avoiding the unprofitable sale is just as important as increasing sales. Every business wants to grow but you don’t want to “grow broke”.  Before embarking […]

October 21, 2019

Chasing the unprofitable sale

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Cashflow, E-Commerce, Reporting, Small Business, Systems, Women in Business

The Real Cost of Free Shipping

  The Real Cost of Free Shipping According to a UPS study, free shipping continues to be the most important factor driving customer satisfaction when checking out online (73%).  Consumers are willing to pay a premium for faster delivery.  For personal reasons, such as birthdays and holidays, 50% of consumers will pay for faster shipping. […]

October 14, 2019

the real cost of free shipping

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Cashflow, E-Commerce, Reporting, Small Business, Systems

Revenue in Labour Intensive Businesses

In labour intensive businesses (i.e. where human capital is more important for generating revenue as opposed to physical assets) it can be difficult to determine your selling capacity. Have you been in the situation where employees are asking for more human resources yet you aren’t making enough money to cover additional wages? How do you […]

September 30, 2019

Employee Earning Capacity Template

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Cashflow, Small Business, Systems, Women in Business

Tax Planning 101 for Individuals – defer capital gains tax and realise capital losses

If you are selling a capital gains tax (CGT) asset and expect to make a capital gain, to defer the CGT ensure that the contract of sale is dated after 30 June 2019.  CGT discount is only available if the asset has been held for more than 12 months. If you have a capital gain […]

May 20, 2019

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Cashflow, Small Business, Tax Deductions, Women in Business