During the disruption of the last two years, many business owners have avoided increasing prices. Even now, as costs go up all over the place, many remain hesitant or simply haven’t yet had a chance to review their pricing. No matter what line of business you’re in, raising prices at some stage is inevitable. Here,…
The Queensland Rural and Industry Development Authority has announced Extraordinary Disaster Assistance Recovery Grants and Disaster Assistance Loans which are now available to assist small businesses, primary producers and non-profits who were impacted by the South East Queensland rainfall and flooding events between 22 February – 7 March. What is available? Grants of up to $50,000 to eligible applicants available…
Late super payments are one of the fastest ways for a business to attract ATO attention. If you operate a business in Australia and employ staff, understanding your superannuation guarantee obligations is critical. The penalties for paying super late can be significant, and from 1 July 2026, the rules will become even stricter under the…
As your business grows, budgets and projections are needed for understanding your financial viability, but it’s also important to consider ‘worst case scenarios’ that could disrupt your operations. This is why business continuity planning is invaluable, particularly as we navigate ‘the new normal’. While it’s difficult to predict every scenario (the last two years have…
Every business leader knows just how important it is to have a great team. In fact, many successful business owners will tell you that the trick is to hire well, and then get out of the way. But there’s more to team building than simply finding people with the right mix of professional skills. A…
Dealing with distractions at work is always challenging. Add in unsettling news headlines, ever-changing restrictions, and you’ve probably been finding it more difficult than ever to stay focused. When you’re operating a business, you can’t afford to let distractions derail your purpose, productivity and indeed, your profitability. Here, we look at steps you can take…
“Ideas are useless unless used. The proof of their value is in their implementation. Until then, they are in limbo.” So said Theodore Levitt way back in 1974 in his book, Marketing for business growth. What remains just as relevant today is the understanding that there’s a world of difference between having a plan and…
As a business leader, you place a certain level of trust in your team to deliver on the vision you have for your business success. A lot of time and effort goes into hiring the right employees, but that’s only half the battle. Setting the standards for quality in terms of attitude, processes and outcomes…
Each day brings new challenges, all vying for your attention. It can be overwhelming, and many business owners fall into the trap of getting bogged down in their ever-expanding to-do list and don’t actually get things done. Time management is important, but more so is having a sense of urgency. Identifying what’s urgent versus important…
2020 has taught us that we can’t always be prepared for the worst-case scenario. But as a leader, adapting to change is an essential part of positioning your business to recover – and even thrive – in fundamentally altered circumstances. In this article, we’ll share our tips for successfully leading your business in adapting to…