Whether your business is surviving, thriving, or just getting off the ground, it is important to know if your business is viable. What does it mean to be a viable business? Viability refers to something working successfully over a sustained period of time. Ensuring your business can survive and overcome obstacles that may arise is an important part...
Sometimes the simplest business tips are the most important pieces of advice you can adopt, and that’s definitely the case when it comes to ‘get it in writing’.
New laws designed to create greater flexibility for companies to either restructure their operations to survive, or liquidate their company in a more orderly and less costly way, have now become law.
Find out more about the pros and cons of short term leases and one could be right for your business.
If you’ve wondered whether your food based business could benefit from using delivery apps, here’s some food for thought. With so many delivery apps to choose from, it’s never been easier for someone to have a meal, snack or special treat delivered to their door. If you run a food based business, you might have wondered if it’s time to get your...
Are you thinking it may be time to move on from your business? If you’re planning to sell your business, your mind has probably jumped to thoughts of how to manage the sales process and the price. But before listing it for sale, there are important housekeeping tasks to help you: package your business so that it’s attractive to a new buyer make the...
When it comes to social media, it’s negative comments and reviews that cause the greatest concern to small and medium business owners according to the 2020 Yellow Social Media Report. Negative reviews can have a significant impact on your business, not to mention the frustration and anxiety they can cause. Fortunately, like complaints made in...
There are indications that a global trend termed ‘The Great Resignation’ will see more workers than usual quit their jobs following the COVID-19 pandemic. What could this mean for you? In 2021, a survey by consulting firm PwC Australia found that 38 per cent of workers wanted to find a new job in the next year, while people management platform...
These days, the risk of data breaches isn’t just something big corporations need to think about. Here are some essential tips and actions to help you protect your data security for your small business. Some major data breaches have made the headlines recently – and, unfortunately, these are not likely to be the only major data leaks we’ll hear...
As you dive into the new year in small business, it’s important to take stock of your achievements during the past 12 months and to set your business goals for the next. We have put together a few tips to help ensure smooth sailing in the year ahead. Get on top of your finances Take some time to put your finances in order by reviewing your...
Problems and delays getting invoices paid can be an issue for all types of business – and contractors and subcontractors in the construction industry can be hit particularly hard. Many subcontractors and suppliers have to spend considerable amounts of money to pay for the materials and labour they need to complete a project. Issues and delays...
Are you thinking of funding your business with a bank loan? It may be helpful to know what financial institutions are looking for when deciding whether to approve your business loan application. How banks decide whether to give you a business loan While there are a few different ways to fund your business, including through your own savings or...