The past year has been a tough one for everyone – there’s no doubt about that. The COVID-19 pandemic has affected thousands of industries, and small-scale farmers have been hit with one of the hardest blows. Farmers do a lot of tough labour, and they also...
Credit Management and Payment Terms is better with Xero Ever since Xero emerged and handed control to businesses for accounting in the now (not just the cloud) businesses have been able to quote and invoice while at their customers site. Using Paypal has also enabled...
Are you aware of your reporting requirements for business? In a previous post, we talked about the government initiative called Standard Business Reporting (SBR), and which cloud accounting systems are SBR-enabled. We also touched on how SBR speeds up the reporting...
A good credit history is good news for you THE BEST WAY to ensure your customers pay their bills on time, every time, is to ensure they have a good credit history. Performing a credit check should be part of your credit management process, as it will determine whether...
Cashed-based business? Time to move ahead CASH CONTINUES TO be common in some types of businesses. However, the ATO urges Australian businesses to be aware of the numerous advantages of electronic payment and record keeping systems — especially in the long run. The...
Could NAB be leading the way in contactless payments? I’m happy to share that the Australian Small Business Centre is moving away from NAB and, instead, changing to CBA for our business banking. The reasons are many, but a key reason is that CBA has shown...
In a couple of our recent posts, we’ve talked about… well, we’ve talked about my family, largely, but we’ve also talked about things like planning and strategising and setting goals for yourself, as well as having confidence in ourselves. Now I just want to add one...
We mentioned in a previous post that in business you’re always managing and taking risks and that part of managing and minimising these risks is planning. Planning is fundamental part of operating a business, which is why many of the subjects in our Small Business...
A little while ago, we published a post about goal setting, where we suggested that you start setting some short-term business goals that will help deliver your long-term business goals. The majority of people are familiar with long-term goal setting; it’s a...
In a previous post we talked about how important it is to plan and keep taking risks in business. A big part of planning is goal setting; in fact, the two are so intimately linked, it’s impossible to really do one without the other. In our Small Business Management...
We often talk about how important it is for businesses to make plans – marketing plans, financial plans, business plans; they’re all subjects we cover in our Small Business Management and Start-Up Course. The reason we suggest all this planning is that it helps you to...
This is the last post in a series of posts about financial planning for small business, which coincide with a module on planning small business finances from our Small Business Management Course. Here, we’re going to look at the most important part of the financial...
