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Understanding your Business Environment:  Australia’s small and medium business (SMB) sector is pivotal to its economy, contributing significantly to employment and GDP. However, the competitive business landscape, regulatory environment, and economic fluctuations means that SMBs need a strategic approach to wealth management.    1. Financial Planning and Budgeting  Begin with a comprehensive financial plan aligned […]

Recognise the Interconnection: Everything starts with introspection. Financial stress impacts mental well-being and vice versa. Acknowledging this (to yourself) can help you work on solutions and encourages conversations, which reduce associated stigmas.  However, be mindful of who you tell about your struggles!  A new or potential client will probably not be interested in using your […]

Understanding SMART Goals:  SMART stands for Specific, Measurable, Achievable, Relevant, and Time-bound. This framework provides a structured and comprehensive method for goal-setting, enhancing clarity and effectiveness.    Specific: The first step in creating a SMART goal is to be specific about what you want to achieve. Instead of setting a broad objective, narrow it down […]

The new year is a new beginning. If you are a business owner, this is often the time of year when you reflect on where you are at and think about your business goals for the year ahead.  Setting goals is an essential part of personal and professional growth. These could be lofty goals, or […]

Understand the Tax Landscape     Australia’s tax system is meticulous, and freelancers should be well-versed in their obligations. Familiarise yourself with the Australian Taxation Office (ATO) guidelines, including the Goods and Services Tax (GST) if applicable. Consider consulting with a tax professional (like a bookkeeper) to optimise your tax position.    Supercharge Your Superannuation     […]

What is Credit Score:  Your credit score is a numeric representation of your creditworthiness, typically ranging from 300 to 850. The higher your score, the more financially trustworthy you appear to lenders. Utilising models like Experian, Equifax, illion, various factors contribute to your score:  Payment History: Your track record of timely payments. Credit Utilisation: The […]