Is your business model as solid and future-proof as you think it is? Small businesses face a number of challenges in 2024, with the business environment, globalisation, technological change and difficult economic conditions all playing a part. So, is your business ready to pivot and embrace the future?Or could the viability of your business soon […]
Once you’ve built up a successful business, you’ll want to see a healthy return on this investment. But in today’s turbulent business environment, a once stable and profitable company can quickly decline and fail to grow, losing the hard-won value you’ve built up. If you’re a mature owner looking to retire in the near future, […]
Selling up and exiting the business is a major chapter in your business journey. But if you’re going to get the maximum return on investment (ROI), it’s vital to have an exit plan and to think seriously about how you add value to the business in the run-up to selling. Forward planning prior to a […]
Seasonal dips in income can be highly challenging when you’re a small business. But there are proactive ways to predict, plan for and overcome these dips in revenue. The key to dealing with seasonal dips is to know when they’re most likely to occur, and to have measures in place to spread your income and […]
We’re living through what the World Economic Forum has called ‘The Fourth Industrial Revolution’, and artificial intelligence (AI) is one of the formative technologies of this revolution. AI is no longer the stuff of science fiction. AI solutions and business tools are here right now, demonstrating new ways to operate, manage and staff your small […]
As part of ongoing reforms to improve financial well-being in Australia, payday superannuation payments are now becoming mandatory. This shift ensures that employees will receive their superannuation contributions from employers at the same time as their wages, instead of waiting for quarterly payments. Here’s what you need to know about this important change: What Is […]