There are two kinds of people: 1. Those who say “Thank God It’s Friday” as they just want not be at work and not think about work over the weekend. This is the most of us. 2. Those who feel proud of what they have been able to achieve over the 5 days and spend…
Small businesses beware of payment redirection scams.
Stating the obvious but payment redirection scams are on the rise in Australia with small businesses being hit the hardest. Be careful when: – You receive an email from supplier about change in their bank details. – Buying from someone online you have not bought before, even when buying through reputable online platforms.
Reboot, it’s a new financial year
There is never a better time like a new financial year to reboot your business systems. Business owners I know have had a range of phrases to describe the 2022 financial year. From the worst to the best, from the most punishing to the most rewarding. Some have dropped service levels while others have multiplied…
Super is changing from 1 July 2022.
Super or superannuation guarantee contributions as its formally known as is going to increase to 10.5% from 1 July 2022. The rate was at 9.5% for 7 years to June 2021 and then 0.5% increase annually has been set till it reaches 12% on 1 July 2025.The increaments might seem minor (“just” 0.5% per year)…
120% Tax Deduction. Good headline but not yet law…
Heard about the Small Business Technology Investment Boost and Small Business Skills and Training Boost that would allow your business a 120% deduction for amount spent on training and technology costs? It made for a good headline and it is also true. It was announced as a small business support in March 2022 as part…
Fact Check
It’s great to get information and ideas while networking with professionals and socialising with friends and family… Don’t forget to fact check them before you start implementing them. Not everything is suitable to everyone’s situation and some of it may just be exaggeration.
Decisions based on fear…
We don’t want to increase prices as it might drive customers away… We don’t want to let go of a team member because it would cripple the business… We must buy a house now as we might not be able to get something in the future… We can’t start a business because if we fail…
Reverse gear engaged…
Won’t it be nice if you ever took a backward step in business or in life generally an alarm would go off indicating you are going back… The signs, signals and warnings are always there (often very minute to start with). The trick is to pick up the signs early and get them sorted before…
Don’t wear jeans to office…
Over 18 years ago at my first pre-job interview in Australia with a recruitment agency, one of the “tips” I was given was not to wear jeans in an office environment. Over the next decade I only wore suits on most days, tie with a shirt on others or a “business” shirt with black trousers…
The need for disappointment…
As an individual you are very often not going to be able to deliver what you had promised and or had intended to. This is inevitable in any business environment but you know your heart is in the right place if every time you don’t deliver what you said you would, you feel disappointed. Disappointed…