With spring in the air, now is the time to take stock of your business and get organised before the busy festive season
The State Government has approved extended trading hours for general retail shops in the Perth metro area in the lead-up to Christmas. While businesses classed as small or speciality retailers can generally trade across whichever hours they choose, if you’re a small retailer that’s based in a shopping centre (and have to follow standard trading...
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 deciding to structure your business as a Pty Ltd Company, it’s important to understand exactly what protections operating under a company structure does and doesn’t offer. An incorporated company, often recognised by the addition of Pty Ltd after the company name, is one of the structures you may consider for your new business. A company is a...
Are you finding that your payment reminders are being met with excuses? It’s a common scenario many business owners are experiencing. Here at the SBDC, we often hear from small business owners, particularly subcontractors in the construction industry, who say they are struggling to be paid on time. But when the only ‘evidence’ of a contract is...
Does taking a break feel like mission impossible? Here are some ideas to help you plan some time off without it impacting on your business.
If you’re working full time but are considering starting a business, here are four top tips to help you make the transition. Step one: Do your research Before you take a leap of faith, learn as much as you can about your selected industry. (It’s surprising how often we meet clients who are planning to start businesses in industries in which they...
For Ami Hackett, turning her ‘holiday job’ into a business launched her into the unknown, but keeping her business skills current helped her steer it through rough waters. Ami opened her self-named boat detailing and management business, Ami Marine, in Success in 2004 after an early career on the land in the wool industry. The marine business now...
Investing in a major business asset, like a motor vehicle, is a big step for a small business. Before handing over your hard earned money or signing any paperwork, there are some important factors to consider before committing to a vehicle purchase. Consider your business needs Before deciding whether your business needs a vehicle, it’s important...
If you run a business in the fitness industry, here are some of the key things to know about the new Fitness Code, which will be in effect from 1 July 2021.
It’s an unfortunate fact that small business owners are regularly the target of scammers – trying to take their money, business contacts, or business or personal identification details. Scammers often pretend to be from a government agency, like the Australian Taxation Office (ATO), or a well-known company you may have heard of, such as Telstra...
If you renew your business trademark through a private organisation, rather than IP Australia, you could end up paying three times more than required.
