4 apps to stop late payments affecting your business’ cash flow

Debtors and late-payers—the bane of every business owner. No matter how profitable your business is, it won’t survive without good cash flow. If you can’t pay your bills on time, you may end up trading while insolvent. And that’s not just bad business—that’s illegal. But to do that, you need your clients to pay their bills on time. And that’s … Read More

The 9 key steps to set up your SMSF correctly

Are you worried that your hard-earned money is not working hard enough for you? That your dream of your golden years spent on the golf course or with loved ones on the beach is fading fast? Think you can do a better job yourself – by managing your own super? You may be right. A Self-Managed Super Fund (SMSF) may … Read More

Managing receipts: 4 apps to save you wasting time on administrivia

They say only two things are certain in life: death and taxes. For a lot of people, there’s also a third certainty in life: the pain of keeping track of every receipt when it’s time to do the taxes. How many times has your bookkeeper or finance manager asked you for a receipt (that you swore you stuffed somewhere in … Read More

Unmasking liability: 6 signs that contractor is really your employee

In a lot of situations, hiring a contractor to get a particular job done makes perfect sense. It may require expertise or skills none of your employees has. You may only need someone for a short timeframe to clear a backlog of work. Or maybe you just want to avoid having to go through a formal recruitment process. But be … Read More

Business owners: 5 types of insurance you might be overlooking

Whoever said, “You can never have too much insurance” obviously never had to pay the premiums. Still, there’s no denying the fact you need it to protect your business and its assets. So you probably have building and contents, public liability and public indemnity insurance. But what else should you get cover for? What else can you get cover for? … Read More

Get It Done. Get It Read. Get Ahead.

Success in business requires a number of essential ingredients. A sound strategy. A robust business model. Effective planning. Strong financial control and bookkeeping. A good team. Great systems. Measurement. Focus. But you know what? Even all those elements are not enough without this skill: Execution. Call it “Getting Things Done”, making things happen, the action habit, extreme focus… call it … Read More

Social Media: Should your business take it seriously?

Isn’t Twitter a waste of time? Isn’t Facebook for the kids? Not anymore. It’s true that Twitter and Facebook started out with very ‘non-business’ objectives. The founder of Twitter actually did invent it so you could tell everyone you were going to the shop to get some milk; and anyone who has seen the movie The Social Network knows about … Read More