How to Maximize your Assets before Retirement with Tactical Investing

Risk tolerance, time horizon, and asset allocation – you’ve dealt with these factors for a good part of your life, but now, in the face of retirement, they take on a more urgent and significant role. These factors – particularly tactical asset allocation – are vital to maximizing your assets before your retire in a few years’ time. A Different Take on Risk Tolerance and Time Horizon As your time…  Read more

Top Ten Estate Planning and Family Wealth Protection Resolutions for 2024

Top Ten Estate Planning and Family Wealth Protection Resolutions for 2024 As we welcome 2024, it’s an important time to prioritise your estate planning and family wealth protection. Making these resolutions now can provide you with a sense of achievement and relief from the weight of uncertainty. Here are the top ten resolutions you should start on immediately to ensure your family’s future is secure. These can be done using…  Read more

Tax Receipts: A Simple Guide for Business Owners

What Types of Tax Receipts should you keep? When you own a small business, you want to get every possible deduction on your taxes.  Without tax receipts, the maximum amount you can claim is $300. That’s why it’s important to keep a tax receipt for every expense, such as: Travel If you travel for work and are away from home overnight, you may be able to claim your travel expenses.…  Read more

How to Save Tax in Australia – 15 Tax Minimisation Strategies

Use the Right Business Structure When you start a new business, you need to carefully choose the right business structure for your goals and for the type of business you want to run. Each business structure has different requirements around set-up costs, asset protection and tax. There are four primary business structures in Australia and their tax implications are as follows: Sole trader You pay taxes on your business income…  Read more

Email Etiquette: How to Respond to Rude Email

The worst thing about a rude message is the author presuming you’ll respond to a complaint or request when his communication lacks any hint of civility. When confronted with an obvious violation of good manners, you can easily delete the email without upsetting anyone who is aware of politeness standards. You can also punt the request to a co-worker, but that would make you the bad guy. It’s best to…  Read more

Essential Tips to Help You Sell your House Quickly

Once you’ve made the decision to sell your home, chances are you’d like to do it as soon as possible. While some houses sell almost as quickly as they hit the market, others sit for a considerable amount of time without generating any offers from prospective buyers. Fortunately, there are several steps that you can take to increase the odds that your house is in hot demand and sells quickly.…  Read more

Which Home Loan is right for You?

Considering home ownership? Congratulations! Buying a home is an exciting milestone and for most people, one of the biggest investments they’ll ever make. Among the many decisions to be made along the way, you’ll need to choose the best mortgage option for your circumstances. In this blog we’ll weigh the pros and cons of fixed, variable, and revolving credit home loans to help you make the right choice. Why choose…  Read more

Why you need Recurring Revenue Streams – and How to Start

The same advice for building a healthy investment portfolio applies to your business: diversifying will lower risk and increase growth. Adding a recurring revenue stream (or two, or three!) can provide a predictable, ongoing source of income which will improve the accuracy of your projections, increase profits, and provide a buffer for any unexpected sales dips. Here are four simple ways to start earning recurring revenue for your small business.…  Read more

Business Update – 15 March 2023

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Australian markets take a hit after multiple US banks collapse Australian markets experienced a sharp decline on Tuesday after multiple banks collapsed in the United States. The ASX200 opened down 1.6% and fell a further 2%, wiping out all gains made this calendar year, with financials bearing the brunt.…  Read more

Wealth the Warren Buffett Way – a Short Guide to Value Investing

Value investing is the stock selection strategy famously used by business magnate and third wealthiest person in the world, Warren Buffett, whose total net worth exceeds $91.5 Billion. Developed in the 1930s by Columbia University professor and economist, Ben Graham, value investing involves screening securities to find stocks undervalued relative to peers and the market. Stocks are then assessed for their intrinsic value, determined by a fundamental metric—such as the…  Read more

Paying Down Debt

Debt can be a crippling problem for small businesses wanting to grow or just break-even during difficult times. By reducing debt you’ll improve the value of your business, its financial situation, and its ability to continue operating into the future. Assess your Debt Situation Take a detailed look at all of your debts – both current and long term. Evaluate which ones are more urgent and which can be parked…  Read more

Eight Easy Ways to Promote Events Online

Online marketing tools make it inexpensive and easy to promote your events online. If you want to expand your business and offer webinars or offline events, these eight tools will create online buzz about your event to a worldwide audience. When interacting with people on the Internet, remember to always act in a polite and courteous manner. Don’t spam invitations or promotions about your event 24, 7. Use common sense…  Read more

Business Update – 08 March 2023

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Woolies half-year earnings reveal shoppers changing habits The supermarket chain says consumers are swapping red meat for more “affordable luxuries” such as exclusive cheese brands and ice creams. It’s believed to be part of a trend where people eat more at home instead of going out to deal with…  Read more

11 Tips for Overseas Business Travel

If you’re ready to expand internationally – perhaps you plan to open a store overseas, start working with international clients or make a leap into exporting – these tips will help you prepare for hassle-free business travel. Check your passport – The earlier you can get your passport documentation in order the better. In many countries it takes several weeks to receive a new passport once you’ve submitted your paperwork.…  Read more

New Payment Methods to Consider in 2023

A new year is the perfect time for business owners to set goals to improve profitability. If you aren’t yet familiar with digital wallets and the latest mobile payment technologies, you might be interested in the benefits they afford small businesses, such as: instant access to funds and real time financial data cost savings on third party transaction fees and POS systems competitive edge—making it easy for customers to pay…  Read more

The top 10 Cities for Business Start-ups

Whether you are thinking of launching a small, local business or a global enterprise, finding a city that is friendly toward entrepreneurs is important. You want a city that is culturally supportive of business owners, in a region or country that makes things easy for you from a financial perspective. You also want to be in a place where it is easy to attract and retain good talent, and where…  Read more

Tips for more Productive Meetings

Increasing efficiency and minimizing costs are essential to running a profitable business. Yet many small business owners waste countless hours on meetings that lack focus, run on too long, and pull staff away from more productive tasks. Follow these seven tips to make your meetings more efficient and cost-effective. What’s your Goal? Every meeting should have a clear objective, and a reason the meeting is needed (versus an email or…  Read more

Tips for Managing Debtors when you’re Self-Employed

Tips for Managing Debtors when you’re Self-Employed You’ve poured passion, time, and money into fulfilling a contract, have agreed on payment terms and invoiced your customer—and then nothing. Days turn into weeks, and you still haven’t received payment. For single proprietorships and small start-ups, uncollected invoices can sink your business. Suddenly, you’re cash flow negative. Income you needed to cover expenses and pay vendors dries up. Without the safety nets…  Read more

Could your Business Benefit from the Gig Economy?

At some point, every business owner needs outside help to improve efficiency – or to free up their time so they can take steps toward future growth. The trouble is, the cost of hiring regular staff, even on a part time basis, can eat up a company’s budget – especially in the early years when you’re still just finding your feet. The rise of the remote freelance worker (otherwise known…  Read more

5 Common Bookkeeping Pitfalls — and How to Avoid Them

Although most entrepreneurs recognize the importance of careful financial management, few want to spend their time dealing with numbers. Unfortunately, not keeping a close eye on your income and expenses can be very costly for a business. Here are five of the most common bookkeeping pitfalls, and some simple tips for getting back on track. Mixing Business and Personal All too often, entrepreneurs adopt a “buy now, sort later” approach…  Read more

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