Guide

Five ways to increase your profit

For many small businesses, the best way to improve profitability is to increase turnover, as there’s no limit to sales but there is a limit to how much you can reduce your costs. Let’s look at how you can focus on each of the five ways in our profit increase calculator to achieve your goal […]

How to raise capital for your business

Before you go down the path of seeking capital from outside your business, identify any other ways of raising capital. For example, do you have any savings (either in the business or you personally) that you could use? If you have unused assets in the business (machinery that’s not used very often, buildings or excess […]

Cost-reduction tactics for small businesses

At a time like this, money is tight for pretty much every business. Cutting costs can be a quick and easy way to improve the profitability of your business. Introducing cost-control measures can bring immediate savings and ensure you remain profitable in the long term. But it’s important that cost-control measures are carefully managed. Eliminating […]

What to do if your business is operating at a loss

Operating at a loss simply means you’re spending more money than you’re making. And while it’s not uncommon, especially for new businesses, it’s still not an ideal situation and one that shouldn’t continue in the long term. Otherwise you will eventually run out of cash reserves and be out of business. So the first thing […]

JobKeeper Alternative Eligibility Tests

The ATO has just released Alternative Tests for the JobKeeper payment which expands eligibility from the initial basic test. This is good news for many businesses, particularly startups, those affected by last year’s droughts and those with variable revenues. Basic Test If you satisfy the eligibility requirements for the basic test, you can ignore the […]

Fair Work Clerks Award Amendment

Fair Work has amended the Clerks Award during coronavirus On 28th March 2020 the Fair Work Commission made a determination varying the Clerks Award. Here are a few things it covers: Minimum engagement/pay for part-time and casual employees working from home Part-time employees who have agreed with their employer to work from home can have […]

What the Coronavirus Stimulus Package means for you – March 13, 2020

It’s hard to escape the news of the Coronavirus as it continues to have a huge impact on people across the world. Closer to home, the Morrison Government has announced a stimulus package in response to the anticipated economic downturn. This package includes a number of economic stimulus measures, most targeted at helping small to […]

Apps to improve your physical and mental health

We understand that the Coronavirus outbreak has changed the lives of many people already. Some businesses are temporarily shut due to government restrictions, others have had to closed their doors completely. No doubt, everyone is feeling a little more stress and anxiety because of the ‘unknown’ this pandemic creates. It’s important to look after yourself […]

Slack’s guide to working remotely

Slack is a communication tool that works especially well for remote teams. Every day, all over the world, in teams large and small, people are working together remotely through Slack. Slack has put together a bunch of useful resources to help people work better—wherever they are physically. Check out the useful guide here. […]

Google’s advice for businesses affected by Coronavirus

Provide customers with updated info Google has put out some recommendations if your business has been impacted by COVID-19. It’s best to update your Google My Business profile to provide the most accurate information to your customers. For example, change your hours of operation if you’re closing early, or add more details to your description. […]