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Being a business owner can be stressful. When the buck stops with you, it can be easy to let the pressure mount up and to discount your own wellbeing.  But taking care of your own mental health is equally as important as taking care of the business – research from MYOB showed that 53% of business owners […]

When you’re calculating pay rises, it’s important to think about more than just how much you can afford. You also need to consider the true cost of replacing that employee.  Low pay rises can be unexpectedly expensive  It’s surprisingly common for businesses to offer low pay rises, only for workers to feel undervalued and resign. […]

Managing your finances effectively is crucial for achieving financial stability and building a secure future. A well-planned budget empowers individuals and businesses to track their expenses, control their spending, and save for their goals.     To begin with, it is important to set clear financial goals. Whether it’s saving for a new piece of […]

Organising your documents now will mean you can get your tax return completed earlier and access any refunds due or start planning for tax payments.  Getting your business records up to date means you can concentrate on the year ahead rather than think about your compliance for your BAS and tax returns.  Eat that Frog!  […]

Beginning a new business venture can be intimidating, but the process can be less daunting if you choose to operate it from your home or garage. Nevertheless, it is important to consider both the benefits and drawbacks of this decision before embarking on it. Advantages and disadvantages of starting a business at home Starting your […]

Some business owners will try to do their own bookkeeping to save money.  After all, business admin doesn’t make any money.  They don’t consider what the opportunity cost is. In this instance, opportunity cost means: what are you giving up in order to do your bookkeeping?  Are you giving up spending time with your family?  […]