Your step-by-step guide to setting up an SMSF
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?
A trap that causes many businesses to go broke, while they’re making a profit
Theres a saying in business, You can go broke making a profit. And another, Cash is king. Profit is theory.
Hope for the best, plan for the worst: Why a business succession plan is essential
While everyone wants their businesses to be successful and operate for a long time, you may not necessarily want to remain at the helm.
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.
Smart ways to ease yourself into retirement, pay less tax and boost your super
Two things first up: (1) If you want to (or have to) work past the age of 55, you need to read this article; or (2) If you know someone else who that applies to, please forward them this article or a link to it.
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.
10 factors that affect the value of your business
Thinking of selling? Or just curious to know the value of your business in case you do decide to put it on the market at some point? Many business owners are well-wide of the mark when placing a value on their prized asset. They overvalue it and under-prepare for their exit, believing in a huge potential for their business that buyers unfortunately don't see.
ON versus IN: Why you should work on your business instead of just in it
"You need to work on your business, not just in your business." Made popular by The E-Myth Revisited author Michael Gerber, it's advice I'm sure you've heard dozens of times over the years (I certainly have). But despite being told over and over again, many small business owners still don't seem to truly understand what it means.
Digital Signatures: 5 good reasons to use them in your business
"Signing on the dotted line." It wasn't all that long ago that phrase meant signing pen-on-paper. Increasingly these days it can also mean signing on-screen with a stylu - or even with your finger tip! -or by using your computer and keyboard.
3 reasons your business needs a budget now
For many, the word "budget" is about as appealing as the word "diet". It seems to imply what you will go without, rather than what you will achieve.