Entrepreneurs are more than just business owners. They are visionaries and risk takers. They have a passion and insatiable drive to develop a business, taking on risk in the hope of financial gain. They are often the people that disrupt an industry and provide change and new and innovative products to the market.
Starting a business can be a roller coaster of emotions. But there comes a day when the dust has settled where you have to start generating new business, but how do you grow your business when you haven’t got much revenue to work with?
Here are our top tips for scaling your startup when you need to stick to a tight budget.
Are you a thought leader? It seems to be the buzz word of this decade, but what is it? Often when we are in business we are focused on the tasks at hand, where is the next product, sale, or income stream coming from. We are so deep into our business that we don’t always stop and think about the legacy we are leaving or the wisdom that we are imparting on others.
When you are assessing the health of your business and business practices we often look at the business stats. We look at our sales performance, profit, margins for our products and our expenses. But there is one vital measurement we should be spending much more time on and that is measuring your team’s productivity.
Staffing costs can be one of our biggest expenses as a business, so you want to make sure that you are getting value for that expenditure and that they are performing to a level that you require in order to meet your business goals.
Australia is an attractive market to set up a business. Ranked third in the Asia Pacific region for overall competitiveness, and world wide for countries with a population over 20 million, it comes second to the United States. However, there are a number of considerations when choosing how to enter the Australian market.
Great accountants don't just take care of tax-prep and compliance issues. Numbers really do tell a story and today's entrepreneurs are turning to qualified business accountants to help drive success and business profits.
We often think of an accountant as the person that does our tax return or lodges our BAS statements each quarter. But an accountant with true commercial acumen can really make a significant difference in your business and help you.
Strengthening and developing your relationship with your accountant is really an investment in your long term business success.
Here are some examples of how your accountant can add more value to your business.
By now you’ve probably settled back in to the working week, feeling recharged from the Christmas break. Your team is well rested and motivated to get stuck into all that 2019 has install. With your optimistic outlook and the positive energy surrounding your business it makes
January is the perfect month to reflect on the past twelve months and revise your strategies for the year ahead.
You have a startup and it has great potential, might even be the next big thing. So how do you upscale for significant growth in the beginning? Why are some of these tech startups seeing what seems like overnight success going from $0 to millions in a couple of years? The answer is often through an accelerator program.
It’s that time of year again. We know everyone is thinking about Christmas shopping and parties, but don’t forget it is almost the New Year. What better way to start the new year than with a few New Years Resolutions, particularly some financial ones!
Here are our top 5 new years resolutions to have you start the new year without a financial hangover.
Running a business from the other side of the world can be kind of like a long distance relationship. There needs to be a great deal of trust and communication plus a lot of passion and commitment to keep it going.