We’ve all heard the saying that ‘cash is king’, but despite the popularity of this phrase cash flow is an area of business that is often neglected. Being able to effectively manage your cash flow is key to the long term survival of your business. It will also allow you to maintain enough working capital to operate through quiet periods. Your cash...
When you walk into your business premises and see the roof is leaking, your focus is going to be on getting the problem fixed as soon as possible. But who do you turn to and what should you do in these situations? We’ve put together three simple steps to guide you through getting any damage to your business premises fixed in a timely manner. 3...
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’.
Using the Personal Property Securities Register (PPSR) can protect you when you’re buying, selling, leasing or hiring business assets.
Everybody loves music. Playing some tunes in your workplace can help create a positive working environment for your staff or help set the mood for your customers while shopping, dining or working out. But did you know that if you play music in your business you’re required to have a licence or you may be at risk of breaking copyright laws? Many...
Did you know that your average Australian small business signs eight standard form contracts per year? This is why it’s so important to know your rights when entering into a standard form contract, or providing a contract to others. While protection for consumers entering into a standard form contract has existed for many years, in 2016 similar...
The Small Business Development Corporation (SBDC) has been working with State Government agencies and local governments to raise awareness of small business’ role in providing amenity and vitality to the community; and the importance of ensuring practices that minimise the impact of construction on their operations. We have developed guidelines...
If your business sells gift vouchers, there are some key differences in your Goods and Services Tax (GST) payment and reporting requirements.
Keen to try out a retail business idea without the cost or commitment of a long-term lease? A pop-up shop may be the answer. Not having the finances needed to get a great business idea off the ground is a common situation many would-be entrepreneurs find themselves in. Pop-up shops are a great way to give your business idea a go without the cost or...
Illegal phoenix activity has a significant impact on the Australian economy with an annual estimated cost of up to $5.13 billion. While illegal phoenix activity has many victims, the impact on small business, particularly, can have a catastrophic effect on their operations as well as personal lives. Illegal phoenix activity is when a new company is...
The recent launch of 13 regional and metropolitan TAFE Jobs and Skills Centres (JSCs) has provided a one-stop shop for small businesses looking to recruit or train staff. The centres provide careers, training, and employment advice and assistance and serve as a direct link between businesses seeking staff and TAFE trainees and apprentices looking...
Identifying and understanding your potential customer base can help you market your business more effectively by keeping your advertising spend in the right places. Knowing where to find this information can often seem like a challenge, but the good news is that there are free tools you can access to help you find out more about your potential...