Over half a million Australians are involved in the early stages of setting up a business. You’re probably one of them! With over 25 years of experience in small business accounting, John Corias, senior partner of MAS Accountants, knows the mistakes to avoid when you take the plunge. The top five red flags Corias sees…
Gerrit Walters of Sydney’s Monsterful Marketing and Advertising might have been Leonidas, if the Spartans were in advertising. “The word strategy comes from the Greek strategos, meaning army leader or general,” says Walters. “I think it’s important to keep this in mind when developing a marketing plan. Similar to a military strategy, a marketing plan…
Running a business, whether you are a sole proprietor or own a large business, is not for the faint of heart. Given the numerous demands of a business, it is easy for even the savviest of business owners to become run down, and not be able to work at peak performance. Depending on the size…
The pricing of products and services is vital to profit. To ensure you achieve a profit, it’s vital to know the true cost of the product or service and keep an eye on it, to avoid ‘margin squeeze’. That is, you have to be aware that you don’t allow costs to rise without increasing prices,…
![Does Schrödinger’s Cat apply to business? Think about it for too long and you may get a headache [VIDEO]](https://anthillonline.com/wp-content/uploads/2013/11/SchrodingersCat.jpg)
Schrödinger’s Cat is a very famous thought experiment based on quantum physics. This two-minute video will give a quick overview of the theory behind it. My thought is, can the thinking behind this experiment apply to business? Kind of. Is your business a success or failure? In theory, at any given time, it can be…
With a whopping 78 per cent of insolvencies in Australia being small businesses that have less than 20 employees, it is obviously very important to keep a finger on the pulse of the financial health of your start-up if you want to survive in these murky waters. But, before we delve into that, how in…
Accountants are not just bean counters. The are business advisors – or should be. Getting the right advice is essential for the success of your business and a key ingredient in this is having the services of an accountant who provides pertinent, timely and cost effective advice. I strongly believe that you get your best…
As a business owner, it’s important to choose an accountant that acts not only as a bookkeeper, auditor or tax advisor but also as a trusted financial advisor. The idea is, that a good accountant can advise you on business risks and manage your finances effectively. The accountant will have access to your financial information,…
Xero’s integration with AVS Networks online store platform allows them to use an Australian online store provider, paired with Xero, to conveniently and securely transfer their online store data to Xero’s cloud-based software.
About three years back, I discovered this time of year is great for reflection. The pressure eases for most businesses, which creates an opportunity for great ideas to bubble to the surface.
I’ve been part of many business turnarounds in my career. In all situations, I’ve noted the errors consistently made by sales management — all of which negatively impact team morale and sales – which I now refer to as the seven deadly sins.
Chances are, you’ve had to make some changes to your company’s internal structure in response to the economic downturn and in preparation for the slow recovery that appears to be underway. As with everything in business, restructures can be done well and they can be done poorly. Here are seven principles to help you avoid unnecessary complication.
One of the most important skills a business leader can develop is being able to identify what to undertake in-house and what to outsource. As Dean Morelli explains, if you know where your company truly adds value, then outsourcing other functions of the business frees you up to add even more value.
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