Unreliable or lumpy cashflow is rated by business owners as one of their greatest challenges. That, along with paying too much tax.
No matter how good you might be at selling, if you don’t have a clear payment program for your services and an efficient accounts receivable function, your business will never thrive. Collecting payment for services is a fact of life. If customers or clients enter into a transaction with you there is an expectation that…
There are THREE parts to effectively managing tax. Most business owners are familiar with the first two: Tax reporting that comprises preparation of a range of tax returns required by the ATO; and tax payments which are the direct result of the aforementioned tax reports.
You’ve made good progress on a key task. Then it starts. The phone rings, the emails arrive and there’s someone else at your office door. You already have a list of priorities for the day. What do you do?
The ability of some business leaders to shape a strong, harmonious and sustainable team is both an art and a science, and always impressive. The leader who has habits in place for creating a cohesive team really is worth their weight in gold.