How is your business going?
Let's talk business, marketing and cashflow. Is your business reaching its full potential? Has the current economic climate and constant rising prices hitting your cashflow? Let’s keep your business healthy and proof it against failure.
Whether tax planning, growth or cashflow management is your point of convo, let’s talk about that, plan and put strategies in place.
QUICK BUSINESS HEALTH POP-QUIZ! Get the wheels in your mind turning…
Business Survival Health Check - grab a coffee and get thinking!
When you need a good or service, remember to support local businesses first, it will feed back to yours.
Services we’re offering you to keep your business going and growing - ask us!
Tax Planning Packages
Cashflow Analysis, Management and/or Business Strategising
Ad-Hoc Time - we’re here for you, use us as you wish!
We’re also happy to email you our templates for free:
‘Cashflow Projection’ spreadsheets;
‘Business Plan’ templates; or
Templates for use with your staff, including employment letters, meeting agendas, working from home docs, etc
Be innovative, creative, acknowledge the struggles and find the opportunity.
BUSINESS SURVIVAL HEALTH CHECK
Business business business. You will be tested as a business owner, whether it is to run your business more efficiently and profitably or to expand and grow. There’s never a dull moment and that’s all part of the fun. Stop on the below topics if they niggle you:
Change and growth in sales
Cutting costs and overheads
Downsizing or structuring ownership of motor vehicles, leases, devices, assets, etc
Cashflow
Forecasting and cashflow management
Budgets and real-time comparisons
Assets/Inventory
Asset protection insurance to ensure you don’t lose out in an accident or theft.
Cutting back or stocking up!
Upgrading and purchasing new assets.
Employees
Are your staff happy and working well? Struggling to find staff or are you potentially over-staffed?
Keeping staff morale high and the good vibes flowing.
Types of bonuses and those more easily claimable in recognition of Fringe Benefits.
Fairwork Guidelines for pay rates, leave entitlements, etc. Some click through links or just ask us.
WorkCover.
You can delay premium payments by paying monthly.
Remember you need to insure for some contractors as well and include superannuation in your estimates. We can do this for you.
If you’ve had a significant stand down of staff or reduced hours, update your policy, the ‘Estimate’ given to WorkCover at the end of last financial year which calculated your premium which may trigger a refund.
If you’re no longer hiring, remember to cancel your policy and receive back a refund!
~ COFFEE BREAK ~
Finance
Lending Assistance: debtor finance, overdrafts/credit cards, business loans or for vehicles and equipment. Many options, some good, some bad!
Please seek our advice prior to taking these out.
Marketing. Your business has gotta move and shake with the times so now is when to get creative and think outside the box. Restrictions are a killer and opportunities are seen with the mind. Gone are the days of printed ads, are you utilising social media to its full potential, is your business on Google Maps, food for thought.
Insurance
Make sure your policy is up to date or reduced if need be, including WorkCover.
Always good to keep the communication open with your insurance broker to ensure you have the correct policy and to stay in the know if there are claims you may be entitled to, e.g. if you’ve experienced theft or damage, etc.
What about to protect you against business interruption, cyber hacking, ATO audits, etc. Do you have business partners and what would happen if something happened to them?
Personal and income insurances. Do you have an income protection policy? Do you need to revisit any accident/trauma policies? What if the unthinkable happened.
On that note, is your Will and Power of Attorney up to date. Never a fun subject but ensuring your personal and business legal areas are up to date is a worthwhile peace of mind.
Work positive, opportunistic and practical.
Stay happy and healthy.
Feel free to discuss some or all of these topics with us in depth and engage our help. We are available to you via phone, email, office meets or Skype and will continue to keep you updated on our socials.
Read our article “Contribute to your super” for some personal wealth management.
Set SMART goals (Specific, Measurable, Achievable, Realistic and Timely).