There’s an old saying that’s very relevant when you’re planning for the eventual sale of or exit from your business: If you don’t know where you’re going, then any road will take you there. There are so many things you’ll need to consider, and if you want to maximise the value (and sale price) of your business, … Read more
Starting a small business is one of those huge, life-altering events. So before getting started, you should carefully consider the following points: Is business right for you? You may have a great idea but if you want your business to be successful, you need to diligently work for it. And it’s expected to have its … Read more
Scaling your business sustainably takes a lot of time and energy, and as CrazyEgg Founder Neil Patel says in this Inc.com article, there are 7 key steps to scaling your business the right way. Neil’s process is: Get the basics down Automate everything Boost marketing Outsource non-essentials Keep an eye on social media Excuse yourself Hire … Read more
Occupational health and safety (OHS) in the workplace is both a right and responsibility of every business owner. All businesses have the duty to ensure that employees, customers, volunteers, visitors and the public, who may be affected by the organisation’s activities remain safe at all times. It is important that you understand the laws regarding … Read more
here are different types of business loans offered by banks and other creditors which you can choose from based on your business needs. Determine amount to borrow What type of financing are you going to use? Where will you borrow it from? You should answer these questions as well as remember that the financing method … Read more
You’re working hard, spending time, effort, and money creating and developing your business only to find out an identical product or service, and worse, nobody wants to buy from you. How can you avoid this huge mistake? You cannot depend on the advice of your friends or relatives on what is a good product or … Read more
What makes you different from your competition? What makes your business stand out from others? Unique Selling Proposition Can you identify your Unique Selling Proposition (USP)? USP is what makes your business different and better than your other competitors. This is the reason why people should make business with you and not from your competition. … Read more
The downfall for many businesses is that they don’t know how to keep customers. It seems that this is the pot of gold at the end of the rainbow but few firms find it. If you would realise how making your customers happy have a direct impact on your business, you will want to apply … Read more
One of the most important elements of starting up your business is setting the price of your products and services. It is not an easy task and there are no fixed rules to follow, however, there are some useful guidelines that may help you. Cover costs First of all, you have to ensure that the … Read more
Goods and Services Tax (GST) is a broad-based tax of 10% on most goods, services, and other items sold or consumed in Australia. (Source: Australian Taxation Office or ATO) When to charge GST GST is levied on most transactions in the production process and is included in prices of products and services. GST is included … Read more
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