Keeping track of and paying tax is an important factor to consider in your business. How you lodge your taxes will depend upon your business structure. Check Requirements For Your Structure Your business needs to file taxes each year, even if you don’t meet the tax threshold or you record a loss. When you […]
12
Aug
Aug
There are certain record-keeping requirements when you have a business that are mandated by the Corporations Act 2001. If you don’t comply with these record-keeping requirements you can be fined by ASIC and it can also lead to potential disputes between those who have invested in the business down the track. In addition, when capital […]
12
Aug
Aug
Many business owners fail to see the importance of branding. Every single business has a brand. A brand is more than just your colours, tagline, or logo. It’s the way your customer feels when they use your products or services. Everything you do in your business conveys your brand. Your brand is: Who you […]
10
Aug
Aug
Your business may have a lot of intellectual property (IP). Intellectual property includes things like the name of your business or a breakthrough process. Your intellectual property is the ideas which are considered business assets that deserve protecting. There are a variety of intellectual property and different advantages to each. Registered trademarks protect: Brand names. […]
05
Aug
Aug
Unless you run a digital or home-based business you’ll need to choose a place to do business. A “business premises” is the place where you house your offices, retail store, or restaurant. Many different needs need to be considered because each business is radically different. Here’s what you need to consider when choosing your business […]
04
Aug
Aug
Your pricing strategy is a very important part of running a successful business. Learning how to establish your pricing strategy is one part of the equation. However, you must also consider a few things before you get started that could get you in legal trouble. When pricing your products and services be sure that you […]
03
Aug
Aug
Pricing your products and services is an important part of your business. If you set your prices too high your products or services may seem too expensive to your customers. If you set them too low, your profits may suffer. Here are the considerations to put in place when setting your pricing: Research Make […]
03
Aug
Aug
There are a number of different pricing strategies your business can use. How you set up your pricing strategy is an important component of whether your business will be successful. Below you’ll find the various types of pricing strategies you can use. Specific Strategies: Cost-based Pricing This is when you add a small markup […]
31
Jul
Jul
Starting a business can be stressful. To give your business the best chance of success we’ve gathered the top 8 tips and quotes that will help you create a successful business. Persistence Is Crucial “Success is not final; failure is not fatal: It is the courage to continue that counts.” — Winston S. Churchill […]
31
Jul
Jul
An assistant, or virtual assistant (who works remotely), is someone you can delegate tasks to that you’re wasting your valuable time and energy on. An assistant, or virtual assistant, maybe one of the first roles you hire in your business. There are distinct benefits to hiring a remote worker. These include: Not needing to provide […]