Instant Asset Write Off 2021: How to Use It
You can take advantage of the instant asset write-off before the end of each financial year. As part of the 2020-2021 Federal Budget, the Australian Government announced an increase in…
Business Diversification: What Are the Opportunities?
Business diversification is often discussed in terms of investment portfolios. But a diversification strategy can grow a business and reduce risk. Here we explore how businesses have expanded their products or services as part of their growth strategy, and how you can apply their experiences to your business.
7 Ways to Supercharge Your Ecommerce Strategy
COVID-19 has left a lasting mark on the retail and wholesale landscape. As buyers stayed home, much more spending shifted online. Products once rarely bought online are now ecommerce staples…
Work Burnout: Symptoms and Prevention Tips for SME Owners
With many of us working from home due to the COVID-19 pandemic, our work/life balance has been severely disrupted. While remote work has allowed businesses to maintain some level of productivity during this period of time, it’s also put an incredible amount of pressure on employees to perform at their usual standard, while also homeschooling kids, caring for elderly or vulnerable family members and performing other household duties at the same time, which can all too easily lead to work burnout.
Employee Motivation: 5 Strategies to Boost Productivity
Employee motivation is an issue that business owners and managers continually face. To say it’s been difficult to stay productive since the beginning of the COVID-19 pandemic is an understatement. With COVID-19 having forced many of us to work from home, trying to work out how to improve staff motivation and engagement to increase productivity is now more crucial than ever.
Business Succession Planning: 5 Steps to Help You Get Started
When you decide to leave your business, who will take over? It’s a decision most of us will have to face at some point. That’s why it’s important to have…
Women in Business: The State of Play in Australia
Since colonial times, women have played important leadership roles in Aussie business. Many have become household names, while others of us are quietly plugging away, changing the landscape of the…
VitrineMedia: Lighting up the high street
Breaking free from a parent company to become a business leader in his own right, Michael Toweel has mastered the craft of sizing up opportunity.
Business Success Tips: 6 Key Steps to Make It Happen
Business success isn't easy. Whether you’re just starting out or have done it all before, navigating the SME world can be challenging. But it can be done. As long as you’re willing to be flexible, patient, practical and open to all possibilities, you’re more likely to achieve business success. Here are six key steps to running a successful business.
Business Exit Strategy: How to Prepare to Leave Your Business
As a business owner, you may be considering an exit for a number of reasons. It could be to retire, or the desire to create a new business venture. Whatever the reason for leaving the business, here we cover the ways to get ready and some of the business exit options to consider.