The post Christmas period is a notoriously difficult time for many small businesses. The excesses of the festive season are compounded not only by customers with their hands in their pockets but December’s production was cut short by holidays and Christmas party hangovers. Sadly, for some businesses those difficulties can be precursors to total failure – insolvency. continue reading
Cash flow is one of the, if not most, vital aspects of business success. It is the lifeblood of any business. Your business can be insanely profitable, on paper, but without cash flow it can still be insolvent. The ability to pay all its debts as and when they are due is fundamental. And of continue reading
It was with great enthusiasm late last month that we held the first of our Sajen Money seminars for clients who benefit from the Sajen Accord. Sajenised clients enjoyed a number of informative presentations. Tony Townsend of Townsend Insurance Services spoke on life insurance, key person insurance and the use of buy sell agreements in continue reading
There is no doubt that 2013 was a huge year of change in respect of the laws applying to small and large businesses. This will continue throughout 2014. I recently presented the 2014 Business Legislation Update Seminar for the Australian Institute of Company Directors on the Sunshine Coast. Some of the key areas I addressed continue reading
I have recently been asked about partnerships generally, and what distinguishes them from other business structures. It is important to have a firm understanding of the advantages and disadvantages of a partnership, before entering into one, to run a business. What is a partnership? A partnership is essentially an agreement made between 2 to 20 continue reading
The Australian Privacy Principles On 12 March 2014, the Privacy Amendment (Enhancing Privacy Protection) Act 2012 (Cth) will come into effect. This amending Act drastically bolsters existing privacy protection measures offered to consumers and reflects increasing public concerns regarding the handling of personal information by businesses, particularly in the on-line environment. The Act also introduces continue reading
It is no surprise that clients come to you for more than just tax advice. In the competitive environment of the Sunshine Coast, how does your firm distinguish itself from its competitors? What help can you give a client that gives you an edge over your competitors? It’s trite, but simple. Give them measurable results continue reading
In difficult financial climates, the businesses that flourish are those that are not afraid to diversify the products or services that they offer to their clients or customers. Whether it is offering a new product to target a lower income segment of the market, or a Smartphone App to allow clients to access services remotely, continue reading
I was recently invited to sit on Your Business Panel. The panel was put together with the objective of assisting business owners by providing expert advice from different professions, in a unique question and answer session. One question asked during the panel’s session highlighted to me the importance of asset protection in the structure of continue reading
