What is it? Illegal phoenixing involves the transferring of an entity’s assets, thereby denying creditors’ access to those assets to meet unpaid debts. This usually happens when company directors transfer the assets of an existing company to a new company without paying true or market value, leaving debts with the old company. The old company … Continued
Read More >>
Having total control over your finances can give you an amazing sense of freedom. However, it takes a lot of discipline and hard work for you to be able to achieve this. In this article, we will share some of the most useful tips that you can start now to live a better financial life. … Continued
Read More >>
Everyone wants to achieve financial independence. However, until you have enough income-generating assets, you are unfortunately dependent on someone else such as your employer. Investing in properties, when done right, can provide an ongoing income stream and a cash lump sum when you decide to sell it. If you are a first time property investor, … Continued
Read More >>
Everyone wants the best for their family, and this includes being financially sound.. This doesn’t mean it’s just about having money– it is about wealth in all aspects of life. In this article, we will share some life lessons you must teach your kids while they’re young to help them grow into adults who can … Continued
Read More >>
Most investors would love to be the next Warren Buffet, arguably the most successful investor ever, and yet many investors ignore his investment methods. Instead, they follow simple tricks and use simple definitions that miss undervalued stocks primed for growth. Successful investors such as Buffet take a broader view of investing and consider many commonplace investment … Continued
Read More >>
When you’re an entrepreneur, your to-do list is often long and constantly growing longer. There are an overwhelming number of things you need to do, and it can feel like they’re all urgent. In such cases, it’s easy to push important tasks to the side and focus on less-vital activities, but that often means you … Continued
Read More >>
If you’re like most people you’ve probably gone for periods of time without really thinking about how you spent your money. Maybe you even avoided looking at your bank statement so you wouldn’t see how much money you spent and how little you saved. It’s something a lot of people do, especially nowadays when we … Continued
Read More >>
As you well know, the COVID-19 pandemic is not just a public health issue, it’s also caused lockdowns and resulting financial worries on a global scale. As restrictions lift around the country, and in particular Victoria opens back up for business, now is the time to foucs on recovery. Small businesses are not strangers to … Continued
Read More >>
Read on for the three warning signs… Running a small business is hard work. Entrepreneurs know they have to put in long days and give up personal time in pursuit of success. There’s a line, however, between putting in some extra time and becoming addicted to work, and it’s important to know the difference between … Continued
Read More >>
In these difficult times, you may find your business slowing down and sales harder to come by. Given this trend, establishing and maintaining connections with existing and potential customers have become more important than ever. Here are some simple tips to help you step up your marketing game: 1. Strengthen your social media presence With … Continued
Read More >>
Having a healthy cash flow in business is incredibly important, especially for small to medium businesses or those family run. The Australian Securities and Investments Commission’s report into business failures found that 44 percent of failed businesses had inadequate cash flow or high cash use. The report, based on 8354 reports from external administrators, found small to medium-size insolvencies … Continued
Read More >>
Treasurer, Josh Frydenberg, has handed down the Coalition Government’s Federal Budget 2020-21. The document outlines that the Commonwealth Government deficit is expected to reach $213.7 billion this year, falling to $66.9 billion by 2023-24. Net debt will increase to $703 billion or 36 per cent of GDP this year and peak at $966 billion or … Continued
Read More >>A proposal to provide small businesses with up to $5,000 to seek out professional advice has now been laid before the Government. Small to Medium Businesses (SME’s) with a turnover up to $10m annually in revenue, may be eligible to use the funding on accountants and bookkeepers advice, which benefits around 500,000 businesses. Chartered Accountants … Continued
Read More >>
When you’re a small business owner, you get used to people giving you advice. Sometimes you seek out their insights while, other times they share whether you want them to or not. While the advice is usually well intended, it’s not always good. In fact, sometimes it can lead to a negative effect. Here are … Continued
Read More >>
Most family business owners have a similar goal in mind – to grow the business and pass it on to the next generation of their family. While keeping the business in the family and getting to work with your parents, siblings, or children who share common goals can be a fun and rewarding experience, running … Continued
Read More >>
According to the SME Growth Index, Australia’s small businesses are saying they don’t want to use personal assets to fund their business – yet 9 out of 10 of them continue to do so. While there are many alternative funding options out there, some, like unsecured lending (Fintechs) can often be both expensive and daunting. … Continued
Read More >>
“Sales are contingent upon the attitude of the salesman – not the attitude of the prospect.” – W. Clement Stone Do you agree? Sales is about addressing your customers’ needs and problems. By understanding the issues clients face, you can show them how your solution solves their problem. Here are some tips for asking the … Continued
Read More >>
Networking can be a key way to keep your business growing. Regardless of your industry or business size, it is hard to ignore the benefits of forming professional networks for potential partnerships, expanding your client base, and scaling up. However, while we are all constantly reminded about the importance of networking, reaching out to … Continued
Read More >>
Since the first company newsletter was created, companies have been relying on written messages to communicate with their clients and staff. While this worked wonders ten years ago, the communications game is changing and more companies are switching to videos to relay information to their clients and staff. In many ways, video is more effective … Continued
Read More >>
Are you a morning person? Or on the other hand, are you the stumble down the stairs, hit the coffee machine whilst checking your emails type? (Guilty as charged on the second point for me). Your morning routine says a lot about you as a person, and while there is probably not one routine that … Continued
Read More >>