Blog

August 31, 2016

Business Valuation in Melbourne

Business valuation is important whether you are thinking of selling your business or trying to woo investors. It’s also helpful when you want to improve your business. You can point out aspects that lower the worth of your business. If valuation shows that your business is doing well, you can rest assured knowing how profitable it is and be prepared for opportunities. In Melbourne, where business environment is highly dynamic, many companies experience rapid changes and require knowing how much the business is worth to proceed to the next step. Business valuation procedure The process in business valuation is composed of both objective and subjective measurements as not every asset has a set amount, for instance, customer base and brand […]

June 3, 2016

3 Things You Aren’t Doing Right When Raising Business Funds

Melbourne start-ups face many challenges but perhaps nothing else in this list is more daunting to most founders than raising money. But what can you do, you need funds when you’re starting a business and possibly more when looking to expand. Most of the time, using personal savings isn’t an option and you’d rather ask from lenders or investors than from family and friends. Money, after all, can be a sensitive issue and you want to avoid that in your circle. In raising business funding, making sacrifices isn’t unusual – and so is making mistakes. However, if you are not open to fine-tuning your strategy, you will just find yourself back in rejection zone. Below are five of the most […]

May 31, 2016

3 Things to Consider Before You Set Up a Small Business in Melbourne

Melbourne’s business environment takes pride in housing numerous multinational companies but it also beams with a vast number of small businesses. Many of which continue to flourish in this awesome city. After all, the place isn’t lacking in people with purchasing power. Owners of small businesses are aware, however, that this isn’t enough to score success. You need a concrete business plan to start with and constant effort to keep the business afloat. When setting up a small business in this bustling city, here are three things that should be in your priority list. A marketable service or product. It’s enticing to sell something that has little or no competition, but perhaps competition is scarce simply because the market sees […]

May 26, 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. […]