Survival has been on the minds of many leaders recently. But businesses are shifting their focus to resilience. What does it take to build businesses that can survive AND thrive in the longer term? Past methods may not work as well in the ‘new’ environment. Then again, what will really change? In this article, we’ll look at some attributes of resilient businesses.
Growing your business means more cash for you now plus a higher sale price in the future when you decide to eventually sell your business. The last instalment of the series discusses 7 practical ways to improve your profits.
Recent global events are testing the mettle of even the most experienced leaders. What skills are necessary in this time of uncertainty? What leadership traits will help steer a business through the multitude of challenges and threats? Read on for leadership ideas which can be applied in your business.
Due to the government announcing massive fiscal measures in the last two weeks we would like to encourage all our regular BAS clients to please organise to deliver (preferably by email) your March BAS documents/files to us as soon as possible as you may be entitled to the Boosting Cash Flow for Employers government stimulus package.
To help you gain a better understanding of the government stimulus measures that you may be able to access, we have summarised the key developments as they stand so far.
When Jodie and Aaron Werth had the opportunity to purchase local business Gatton Betta Home Living, read how OBT was on hand to help pre, during and post-purchase.
Equip yourself to make the best business decisions possible by insisting on financial reports that reflect your needs as a business owner.
What is accounts receivable and where can it go wrong? What is accounts receivable (or trade debtors)? Accounts receivable is the money you’re owed by customers. Once you send an invoice (or bill), it becomes part of your accounts receivable – until it’s paid. Accounts… Read More >>
Three Financial Mistakes Made by Many Businesses Many of our clients tell us that they got into business to make more money, achieve a better lifestyle or simply because they felt they could do a better job than their old boss. Although many do possess business… Read More >>
Keeping good records critical to business success To help your small business keep good records and avoid mistakes, check out the ATO’s tips, tools and services. Record-keeping tips Keep all business records including income, expenses, bank and other goods and services tax (GST) records for… Read More >>