Buying Equipment
Buying equipment for your business is a significant investment that can impact your operations, productivity, and financial health. It’s essential to conduct thorough research, plan financially, and consider the long-term implications of your purchase. Always balance the initial cost against the potential returns and improvements in efficiency and quality that the new equipment will bring to your business.
Who owns your IP?
Intellectual property is a valuable asset that needs careful management and protection. In Australia, a robust legal framework provides several avenues for protecting and enforcing IP rights. By effectively managing your IP, you can secure a competitive edge, open new revenue streams, and increase the overall value of your business.
Understanding your competition
Competitor analysis is not a one-time activity but an ongoing process of gathering and interpreting information. It allows you to stay ahead of market trends, innovate, and improve your competitive strategies. Remember, the goal is not just to mimic what others are doing but to understand the market landscape and find your unique position in it.
What’s our Business Coaching Service?
Business coaching is a holistic approach to improving a business. It’s not just about improving the bottom line but also about developing the business owner both personally and professionally. A good business coach brings out the best in a business owner, helping them realise their potential, overcome challenges, and achieve their business goals.
Cost Rationalisation in Your Business
Cost rationalisation is not just about cutting expenses; it’s about smartly allocating resources to maximise efficiency and profitability. It requires a careful balance to ensure that cost-cutting measures do not negatively impact the quality of your offerings or the morale of your workforce. Regular review and adaptation are key to a successful cost rationalisation strategy.
Budgeting and cashflow
Effective cash flow management and budgeting are about planning, monitoring, and adjusting. By staying informed about your financial position and being proactive in financial planning, you can navigate through financial challenges and steer your business towards growth and profitability.
What is a business turnaround?
A business turnaround is the first step in getting your business back on track. The turnaround process involves focusing on cash flow, profitability and viability.
Blue letter from the ATO
Getting a blue notice is a reminder from the ATO, don’t ignore them as if you are running late they are there to help you get back on track.
Our guide for improving your business
Our guide to business covers the basics and gives you a roadmap to things to consider. It’s not a complete list but something to think about.
What is a creditor statutory demand?
If you have received a creditor statutory demand, time is of the essence. You need to take steps immediately.