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November 21, 2016

Importance of Business Planning

Business planning is a key part of creating a successful business. Planning helps you assess how good your business idea is and decide what the best way is to make things happen. Planning lets you think about what you are going to do and anticipate mistakes. If you don’t plan, your only option is to learn as you go along – often at high expense. Effective planning helps you develop a business strategy that takes into account what you are trying to achieve and what competitive threats you face. A realistic strategy will take into account your own skills and the financial resources you have. Whether you need to raise start-up financing or not, you should write your strategy down […]

November 7, 2016

Finance Tips for Startups

“I don’t know about you, but finances aren’t really my strength. I’m an entrepreneur — a big picture guy. I like to tackle big problems and develop big visions. I don’t like to sit around staring at a financial spreadsheet while I spend hours upon hours entering expenses by hand.” Does this line of thinking sound all too familiar? The sad reality is, whether we like them or not, finances are a necessary part of running a small business. To get some insight on effective procedures that entrepreneurs can adopt to improve their own accounting practices: Avoid Procrastination One of the biggest mistakes Nobel Thomas Bookkeeper Melbourne see new entrepreneurs make is that they put off their bookkeeping needs. If […]

October 17, 2016

Guide to Seamless Payroll Processing in Melbourne

When it comes to managing a business, one of the most important things you need to deal with is payroll. It’s no secret that human resource is one, if not the most, valuable company resource. Failure to handle this efficiently can result to disappointment and poor employee performance which would, over time, reflect on the company’s reputation and sales. Payroll problems can cause great amount of frustration and profit loss for business owners. Luckily, it’s one of the easiest to handle, too. Here’s how to get it right. Understand how payroll is computed. Whether you are going to process your company’s payroll on your own or you have a dedicated bookkeeper Melbourne , know what goes around in the payslip. […]

October 11, 2016

Benefits of Outsourcing Your Bookkeeping

The rise of the online community has changed the way in which we do business forever. It has brought us closer to people that can help with our day to day operations as well as backend business needs, enabling our businesses to run smoother and turn more profit. One of the key places that this has really made a difference for business owners is in bookkeeping. Bookkeeping is much like going to the dentist—no one really wants to take the time out to do it but neglecting the issue can lead to serious repercussions. For the most part, this is why business owners just want to hire someone to do it and not have to think about it themselves until […]