Blog

March 29, 2016

Steps to Easy Inventory

Many business owners are not too keen on doing or getting involved in inventory management. Well, it’s not exactly an exciting task but nonetheless very important in keeping the cash flow strong. A good inventory system means business funds are maximised, keeping all best-selling products consistently in stock while those that are not will only take the necessary shelf space. It also means greater profit as your business produces happy customers. Sales staff can check product availability easily and instantly, which translates to shorter wait time for customers. With such benefits, it is recommended that even with an inventory manager or a bookkeeper Melbourne running the warehouse, you should be aware of how inventory management works as well as how […]

March 25, 2016

Awesome Bookkeeping Practices for Entrepreneurs

We hear you. You’re not exactly looking forward to handling the financial aspects of your business, but of course you understand how significant they are in keeping your venture secure and profitable. If you’re the kind of entrepreneur who loses his or her way in money matters easily, start with good bookkeeping practices. Bookkeeping includes a myriad of tasks like managing payroll, purchasing equipment, monitoring supplies and issuing invoices. Even if you have a bookkeeper Melbourne in your employ, it’s important to stay on top of things and know how to lead your staff. Here are ways to make this job a breeze. Stay organized. You can’t guess how such mundane practices of keeping receipts, tracking receivables and documenting bookkeeping […]

March 22, 2016

3 Tips to Raise Business Funding with Ease

Raising business funding is undoubtedly an important phase in any business. Whether looking for funds to start a new venture or to expand a growing one, this is an endeavour worth the preparations and challenges. Unfortunately, many business owners fail in this especially in their first few tries and most of the time, it’s not because the business isn’t doing well or that it doesn’t look promising. Here are tips to help you achieve success in this critical task. Manage expectations. As much as you like to impress investors, don’t fall into the trap of overestimating possible profit. True, you probably earned a lot recently and you want to use this to attract investors, but there are factors that could […]

March 17, 2016

Quick Guide to Setting Up a Business in Melbourne

Setting up a business is a milestone for many and if you plan to put up one in the lovely city of Melbourne, the excitement you feel may be coupled with a bit of worry. It is, after all, a huge city that is filled with almost every kind and size of business you can imagine. In fact, it is home to many of Australia’s biggest companies. However, its economy is robust and its population continues to grow, too, which means you have a huge market right at your fingertips. Soon as you have decided on what business to put up, determine your market. Who do you want to sell to? What exactly do they want? Would they try what […]