Money Talk

KPIs - How they work and why they're important!

Posted by Michael Youssef on Jan 2, 2020 9:00:00 AM

You may think Key Performance Indicators (KPIs) are tools used only by the biggest businesses, however even the smallest business can benefit from implementing even some basic KPIs into their business. In fact, the way you manage your team, you may already have a few KPIs in place without even realising it.

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Topics: small business, revenue, marketing, sales, business success, contractors, employees, processes, systems, mindset, Success

Think the ATO won’t come after you? Think again!

Posted by Michael Youssef on Dec 19, 2019 10:45:00 AM

Small businesses beware! 10,000 small businesses are set to be targeted by the ATO as part of their ongoing crackdown on the Black Economy. This is an increase from the 9,000 businesses targeted last year. So it's now more important then ever to make sure you're doing the right thing and getting the right advice!

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Topics: business, tax, small business, accountant, accounting, customer service, risk, processes, systems, ATO, 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

10 More Quick Growth Tips For Small Business Owners

Posted by H Youssef Accounting on Nov 21, 2019 11:09:00 AM

Help grow your business through collaboration, expansion, improved marketing and some of the following quick tips.

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Topics: business, small business, money, revenue, business growth, marketing, sales, customer service

10 quick growth tips for your small business

Posted by H Youssef Accounting on Nov 19, 2019 1:00:00 PM

Small businesses can grow in boom times as well as periods of difficulty by working smarter and taking advantage of opportunities. Put these following effective tips into practice to help grow your business.

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Topics: business, small business, software, revenue, business growth, marketing, sales, business success, cloud accounting, accounting software

Re-framing the 'failure' in your business

Posted by H Youssef Accounting on Nov 7, 2019 11:15:00 AM

Ask any successful entrepreneur about their path to greatness and you’ll get the same answer: failure is an inevitable part of the journey.

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

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

Improving cash flow: How to get paid faster

Posted by H Youssef Accounting on Oct 29, 2019 9:45:00 AM

Maintaining positive cash flow can be challenging for small businesses, whether you’re just starting out or have been running your business for years.

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Topics: small business, money, revenue, relationships, business growth, business structure, business success, cash flow