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Are you familiar with the ancient Japanese philosophy of ‘Kaizen’? Kaizen is the principle of continuous improvement that can make a huge difference to the efficiency of any company and is saving some of the world’s most powerful companies millions of dollars a year. Sound good? Here are ways you can embrace Kaizen to improve […]
Transforming into a digital business sets the best possible infrastructure for your future growth. And, as your business scales, the benefits of going digital will start to become obvious. Running your key business processes in the cloud and using the latest digital software and apps adds to both your efficiency and your productivity. And, most […]
Are you considering investing in a new way to make your business more productive or streamlined? Are you looking to grow your business? With a tight labour market, everyone’s time is at a premium – so finding ways to maximise productivity has never been more important. But it can take considerable funds to pay for […]
The four-day work week is a winner – or at least that’s the result from a major pilot program conducted at 33 international businesses. With employees working only four days, the companies involved saw a 38% increase in revenue year-on-year, despite no reduction in pay for employees. Every single business involved in the trial is sticking with […]
There’s no escaping the fact that many industries are facing a talent gap. 3 in 4 employers are reporting difficulty finding the talent they need in 2022, according to statistics from Manpower. Experienced hires are increasingly hard to find in the current job market, across a multitude of sectors. There is much talk about recruiting […]
Most small businesses start off with just one worker: You. However, as your business grows (or sometimes to help your business grow) you may decide to hire people to become key members of your new team. The people you choose should identify with your core aims for the business and this means that they will […]
Understanding your business breakeven point is essential to know how much money you need to make to stay in business. It can therefore help you make well-informed financial decisions and practical business plans. The breakeven point is the income or sales needed to cover all costs. Any earnings above this point generate profit. So, your […]
Your December activity statement is due towards the end of February. Make sure you have checked off the following: Have you allocated all bank transactions to the correct accounts? Have you verified that the bank balance listed in your accounting software matches the balance in your bank account? Do you have tax invoices and receipts […]
CONTENT You’re running a business, so you know the legal requirements around producing accounts and submitting accurate BAS and tax returns. You can read a Profit and Loss report. But As a business owner, managing director or CEO, there are three main areas of the accounting proposition that you’re probably most interested in: Compliance work – […]