Money Talk

8 More Ways to Get Repeat Business

Posted by H Youssef Accounting on Dec 5, 2019 12:09:00 PM

Here are 8 more ways to get repeat business! Because it's easier and cheaper to market to your existing clients then it is to get new clients.

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Topics: business, new business, relationships, business growth, marketing, sales, customer service, business success, Success

8 Ways to Get Repeat Business

Posted by H Youssef Accounting on Dec 3, 2019 10:45:00 AM

Your existing customers are your most valuable asset. This is because it’s easier and far less expensive to get an existing customer to buy off you again than to find new customers.

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Topics: business, small business, new business, relationships, business growth, marketing, sales, customer service, Success

Why did you go into Business? - Part 2

Posted by Michael Youssef on Nov 28, 2019 10:45:00 AM

In a nutshell, all businesses exist to solve problems. Why people engage with a business is because the business owner can achieve the desired result faster than the customer could achieve it themselves. 

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Topics: business, small business, new business, business growth, business structure, business success, business mistakes, mindset, Success

Why did you go into Business? - Part 1

Posted by Michael Youssef on Nov 26, 2019 11:41:00 AM

Its amazing how many times I’ve sat down with somebody and I ask, why did you go into business? And all I get are blank stares and no clear-cut responses. It’s rare that I get an answer with such conviction that it shows me why they started their business. Some of the more common responses I get are:

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Topics: business, owner, small business, new business, business growth, business success, business mistakes, mindset, Success

I’ve got my business structure, now what?

Posted by Michael Youssef on Nov 5, 2019 2:00:00 PM

Whether you have your structure or not, the next thing to do is sit down with your accountant and solicitor to get advice on what to do next. 

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Topics: finance, business, tax, owner, small business, new business, gettingstarted, sole trader, partnership, business structure, company

One third of business owners suffer from psychological distress.

Posted by H Youssef Accounting on Oct 15, 2019 9:10:00 AM

Almost one-third of small business owners report having high levels of psychological distress, Beyond Blue has revealed in a new guide targeting the mental well-being of small business owners.

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Topics: business, small business, new business, business growth, business success, business mistakes, mindset

Government calls on ATO to show more love to Accountants

Posted by H Youssef Accounting on Oct 8, 2019 10:00:00 AM

Assistant Treasurer Michael Sukkar has called on the ATO to show more gratitude towards accountants who do a lot of heavy lifting on behalf of their clients.

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Topics: business, tax, small business, new business, accountant, accounting, business growth, business success, ATO

Similarities and differences between a bookkeeper and an accountant

Posted by H Youssef Accounting on Sep 5, 2019 1:16:00 PM

They both work with financial data; they’re both essential for managing a successful business. Yet the roles and duties of a bookkeeper and accountant rarely overlap.

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Topics: business, small business, new business, bookkeeping, accountant, accounting, business growth, business success, bookkeeper

How to Raise Capital in your Business

Posted by H Youssef Accounting on Aug 27, 2019 11:00:00 AM

Before you go down the path of seeking capital from outside your business, identify any other ways of raising capital. For example, do you have any savings (either in the business or you personally) that you could use? If you have unused assets in the business (machinery that’s not used very often, buildings or excess stock you could quit), then weigh up the advantages of selling these first.

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Topics: finance, business, small business, new business, business growth, business structure, debt, equity, investors, investing

Eight Characteristics of successful Small Businesses

Posted by H Youssef Accounting on Aug 15, 2019 5:54:32 PM

We now look at eight characteristics important to successful businesses. International researchers who have studied many small businesses have found that these characteristics consistently play a part in the success of small companies.

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Topics: new business, business growth, marketing, sales, customer service, business success