Should you be in a Business Partnership? We’ve all heard about the misfortunes that have befallen business partnerships – partnerships going to the wall, one partner suing another, partners leaving on mass. And yet a partnership is still the preferred business structure for small business start-ups in Australia. Partnerships have a myriad of uses.…
You need a Succession Plan There comes a time in every business owner’s life when they must decide how to transition out of their business. Succession planning isn’t just a matter for the over-55s looking down the barrel of retirement, it is a tool every savvy business owner should use to maximise the value of their business when they want their involvement…
The Power of Goal Setting for your business If you are like most people, at the start of each year you’ve probably thought about (and maybe even told others) your resolutions for the new year. But have you made any New Year’s resolutions for your business? Resolutions are just another form of goal setting and…
Which Business Structure is the right for you? The costs and risks of each legal structure are quite different. PROS 1. Sole Trader Easy and low cost to set up Owner has 100 per cent control Less compliance and legal requirements necessary The legal structure is easily changed Owner keeps all the business profits…
Buying Vs Starting Buying Financial You have a windfall or superannuation that allows you to buy a business outright. You already have customers, equipment, staff and suppliers. Existing business income may make it easier to get funding. Growth Rather than start from scratch, you want to take on and grow an established business…
Owning a JOB Vs building a valuable business asset The CEO of a growing, successful business was able to spend a significant time out of the office without the fear of everything crashing down. In my opinion, that’s the difference between owning a job and building a valuable business asset. If you can build your…
Sales team complaining about low quality leads, and marketing team unhappy about the lack of sales follow up? This is a familiar situation in many businesses. To drive significant results from your marketing, it’s time to close the gap between your sales and marketing objectives, and bring their plans into alignment. You need to build…
For many businesses, core value statements are little more than vague statements that sound nice but bear little relation to way business is done. But that’s not that case in every business. For a number of Australian companies, such as software outfit Atlassian, online rental portal Rentoid and airline Virgin Blue, corporate value statements have…
Your Unique Selling Proposition: A Key to Sales and Marketing Demographics / Sarah White Every day, you’re inundated with more than 1,500 advertising messages. If you’re like most people, you’re spending huge amounts of energy just trying to block out those messages. Now, turn this issue around and ask yourself: “How do I get my…