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January 23, 2017

5 Easy ways to Manage the Growth of your Business Effectively

Most business owners say “just give me more sales” but the truth is if they doubled the number of customers they currently have every month they would probably get smashed. They wouldn’t be able to do it and there would be so many complaints and un-happy customers it would actually be really miserable. It’s important as a business owner to grow in an orderly fashion and use a framework like the 5 easy steps below to help you. You’re on the right track If you find your business is going through a period of growth, that’s usually because you’ve done something right! It’s exciting to watch your business grow and develop, however it’s important to remember that everything needs to […]

January 17, 2017

A beginner’s guide to offshoring

Do you have a growing business but find skilled staff hard to come by or expensive to employ? Check out this guide to what offshoring involves for Aussie SMEs. “There’s two sides to the business, really,” explains Tom Cragg of KMC Solutions, an offshoring business based in the Philippines. “The one side is the [virtual] office space … we currently manage around 6,000 desks here in metro Manila. “The other side of the business is what we call ‘staff leasing’. It’s essentially hiring virtual teams on behalf of offshore clients, hiring them under our corporate umbrella, and managing all of the HR and payroll moving forward, as well as the facilities management.” According to Tom, this type of offshoring allows […]

January 9, 2017

Business or Hobby?

What is a hobby? A hobby is a pastime or leisure activity conducted in your spare time for recreation or pleasure. Benefits of being a hobby Personal enjoyment and satisfaction. You can gift or sell your work for the cost of materials. You can do it in your own time or when people contact you. You don’t have the reporting obligations of a business. Find out about running a hobby or watch the Are you in business videos on the Australian Taxation Office (ATO) website. What is a business? You’re in business, if your activity, as a whole, is commercial with an aim to make a profit. Benefits of being in business You can apply for an Australian Business Number […]

December 19, 2016

Outsourcing Bookkeeping

As a small business owner, you have many things taking up your time. You manage social media accounts and marketing plans and employees. Managing your company’s accounting may seem like one of the easier things that you do, so you may not notice how much time you lose keeping track of income and expenses in an old spreadsheet—or worse, with pen and paper. Here are some ways that outsourcing your bookkeeping services and choosing a cloud-based accounting program can make your job easier. Maintain mental energy and focus The phrase “multi-tasking” originated with computers, long before we ever talked about it in the context of people. As we as people pressed ourselves to do more and more tasks with fewer […]