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To get your business to where you want it to be from where it is now, you need to bridge the gap by planning in four key areas - marketing, operations (or your day-to-day business activities), human resources, and management control. Your marketing plan should cover five key...
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There are a number of factors that business owners should take into account in deciding which accountant to use: Relationships. It’s important that you choose an accountant that you can get on with. Do they make you feel at ease and are they welcoming? Are they stuffy and ...
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The term “Break-Even Point” refers to the level of sales necessary to cover all expenses i.e. the point of no profit or loss. To calculate this, you need the following: Your expensesYour salesYour gross profit percentage which is your gross profit (sales less your cost o...
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Most of the small businesses who are working with an external accountant or bookkeeper would not recommend their adviser to others and a quarter are looking to switch accountants, according to research by software provider Xero Based on a survey of 1,500 small businesses wit...
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Starting a business can be a stressful and expensive time so it pays to make sure you take advantage of all possible ways to save Income Tax and GST. One common oversight is not to claim for tools, equipment, furniture, computers, vehicles, reference books and any other asse...
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Every business owner should be focused on his or her prospective customers. The ability to find a customer, sell your product or service to that customer, and satisfy the customer so that he/she buys from you again should be the central focus of all your business a...
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Basically, a good goal comes in a format of:What do I want to achieve & by when? And to assist you in setting your goals it’s important that you know the SMART formula which will remind you of the important components of well set goals. S is for specific and your goals sh...
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There is a common factor in the success achieved by those who are successful. What is that common factor? It’s that they’ve done the necessary preparation for success. They understand the six P’s - proper preparation prevents pretty poor performance. They know that: Lu...
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Selling a Business

May 4, 2019

Business Structures

May 4, 2019
Your business structure should take account of the following factors: Risk. Business is a very risky place and your business structure should minimise risk as much as possible. Often ignored until it’s too late e.g. when the GST or rent is months in arrears! Practicality. ...
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