Without knowing your break-even point, you can’t make informed business decisions. To cover the costs of your business you need to sell enough goods or services to reach your break-even point. Knowing where that point is, and how long it will take you to reach it, can be fundamental to your success. This especially true if you’re thinking about starting or buying a business. Calculate fixed and variable costs The… Read more
The start of the financial year is the perfect time to dust off last year’s business plan and set some new goals for the future. While some entrepreneurs love planning, others feel overwhelmed by the process. How do you decide on just a handful of goals that take priority, with so many moving parts that make up a business? These tips can help you get started brainstorming how your company… Read more
How to obtain financing is a common concern for new businesses and those preparing to scale. Getting approved for a business loan or line of credit is more difficult than qualifying for a personal loan. It’s crucial that small business owners are adequately prepared to meet with a lender to present their business in the best possible light and qualify for the money they need. Here’s what you can do… Read more
[wpvideo PoewHiUL] The Federal Government has now handed down the 2017 Budget. Whilst there have been a number of changes, we have given you an overview of the main changes affecting business owners. Small Business ($10M or under turnover) Extension of $20k asset write off. Will revert back to $1k from 1 July 2018. Medicare Levy Lower threshold is increasing to $21,655 for singles and $36,541 for families from 9 May 2017.… Read more