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Here are six compelling reasons why bringing a bookkeeper on board is one of the smartest moves you can make. Save Time for What Matters Most Bookkeeping takes hours each week, hours that could be spent developing new products, serving customers, or simply taking a break. A skilled bookkeeper takes the day-to-day financial admin […]
At Business Genie, we believe that every great business decision starts with financial clarity. Understanding your numbers isn’t just about bookkeeping — it’s about unlocking the story behind your business and using it to make smarter choices. Why Your Business Needs a Financial Health Check Think of a financial health check as your business’s […]
Both buying and leasing can be financially sound depending on your goals, cash flow, and how fast your industry evolves. Let’s explore the key differences to help you make the smartest decision for your business. What Kind of Equipment Are We Talking About? Most businesses require some combination of: Machinery and tools Office furniture […]
To help you decide, here’s a clear breakdown of how leasing and buying compare in key areas. Upfront Costs Leasing: Leasing generally requires a lower upfront payment, making it easier to drive away in a new car without a large deposit. Buying: Purchasing a car, whether outright or through financing, typically means higher initial […]
What Is a Partnership? A partnership is a business structure where two or more people share ownership, responsibilities, and profits. Unlike companies, partnerships are relatively straightforward to set up and manage, making them an attractive choice for startups and small ventures. Key Features of a Partnership in Australia If you’re considering forming a partnership, here […]
Why Setting Up Online Services Matters Taking your services online can deliver big benefits: Reach more customers beyond your postcode. Streamline bookings and payments, saving time on admin. Build trust with a professional online presence. Work smarter, freeing up time to focus on what you do best. Step-by-Step Guide to Getting Started Create a […]
Here are six of the most common mistakes new business owners make, and how you can avoid them. Choosing the Wrong Structure for Your Goals Many entrepreneurs default to a sole trader setup because it’s the cheapest and fastest option. But if you plan to scale, bring in investors, or protect personal assets, you […]
It may sound like dry legal jargon, but in reality, your business structure is both your shield and your growth strategy. It determines your tax obligations, legal protection, and even how easy it is to bring in partners or investors. What Exactly Is a Business Structure? Think of your business structure as the foundation […]
In this guide, we’ll walk you through the essential steps to officially set up your business, meet legal requirements, and get started on the right track. Step 1: Decide on Your Business Structure The first decision you’ll make is choosing a business structure. Each option has different responsibilities, legal implications, and tax requirements: Sole […]