Helping small businesses on the Sunshine Coast to fulfill their true potential
By BMN
According to research by Officeworks and H&R Block published in May, 78 per cent of small business owners don’t understand how the $20,000 tax break works.
The following article shows a couple of examples of what it can be used for: http://www.smh.com.au/small-business/trends/the-big-idea/you-can-claim-your-website-under-the-20000-instant-asset-writeoff-scheme-20170523-gwayi5.html
This article was suggested by our mentor Trevor Payne
By BMN
One issue that many business owners fall victim to at some point is cash flow problems. Seasonal business owners need to be even more vigilant when it comes to managing cash. Get a handle on the financial outlook for your company with these 21 tips: http://www.businessknowhow.com/money/cashflowseasonal.htm
This article was suggested by our mentor Trevor Payne
By BMN
If your paperwork piles up while you’re away from your desk then it might be time to streamline your business with a cloud-based finance package. Paperwork is one of those necessary evils when you run a business. You might prefer to spend all your time focusing on your passions, but the business won’t get far if you neglect your finances. Read the full article here
This article was suggested by our mentor Bob Joubert
By BMN
It may feel like one of the horrible parts of running your business, but chasing what is yours is important. After all, it’s only fair that you are compensated for your services rendered. The way you manage your overdue accounts will set the benchmark for all future interactions. If you come across as passive and unconvincing, then your customers will have no qualms letting a payment pass the due date. Read more in the full article here: http://www.smartcompany.com.au/finance/cashflow/81705-art-invoicing-getting-paid-time/
This article was suggested by our mentor Bob Joubert
By BMN
You delivered your product or services on time and your client was—as usual—thrilled with your work. But what gives? The due date on the invoice you sent is now several weeks past due, and it isn’t the first time this has happened with this customer. Discover some tactics to motivate your clients to pay on time in the following article: https://www.allbusiness.com/slow-paying-clients-7-tips-help-get-paid-faster-104813-1.html
This article was suggested by our mentor Trevor Payne