It’s that time of year again. Where did the past 11.5 months go? Yes, it’s the end of financial year (EOFY). Again. The Institute of Public Accountants (IPA) and MYOB surveyed their members, who are some of Australia’s leading EOFY experts, to discover the biggest mistakes the businesses make at this time of year. The…
Only a few actually realise how small businesses can have a piece of this pie… a sweet one at that! In fact, most businesses are just starting to realise how lucrative this strategy can be, especially if you are low on capital and limited in resources. The truth is that despite the ever-looming potential setbacks, outsourcing will work wonders for any businesses, regardless of its nature and size, only and only if well managed.
To make your business work more efficiently, why not allocate a particular focus for different days of the week? By this I mean designate client days, development days and admin days. You’ll be amazed at what you can achieve by allocating a theme to particular days. If you spend two days per week on business development and admin, that’s 96 days dedicated to growing your business.
It’s a subject that is not often written or spoken about, particularly in the first person, leaving most entrepreneurs with only one option for learning how to shut a company down… the hard way. Special thanks to AIMIA for making this footage available and ‘hats off’ to Brendan Lewis for this enlightening presentation. To quote the speaker, “You won’t find this in any accounting or legal textbook.”)
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