If your SMSF has borrowed money (or thinking of borrowing money) to acquire ‘bricks and mortar’ property then there are a few things you need to know. A new ATO ruling released recently helps to clarify what you can and can’t do with property that is under a limited recourse borrowing arrangement (LRBA). The ruling […]
One of the most powerful and effective branding exercises you can do for your business is to develop a positioning strategy. A positioning strategy is what differentiates your business from any other brand. It is the image that you are trying to create in the eyes of your customers. Positioning focuses on the target market […]
After almost two years since the release of Apple’s first iPad computer, the rising demand for tablet technology continues to soar. With their convenient size, in-built keypad functionality and handwriting recognition technology, incorporating tablet devices into everyday business activities is proving beneficial to many businesses around the world. Tablet computers have been seen acting as […]
Having succinct yet comprehensive employment contracts is an important consideration when starting or streamlining a business. A recent decision in the New South Wales Court of Appeal is a reminder for businesses throughout the country. It has emphasised the importance of ensuring that bonus provisions in contracts of employment properly reflect the intent of the […]
Asset rich individuals and business owners need to take stock of their particular circumstances and take time regularly to review how their assets are held. Individuals should aim to hold their investments in ways that protect assets and are tax effective. This strategy requires a three- pronged approach to: 1. Minimise tax exposure 2. Isolate […]
In today’s volatile economy, businesses need to attract customers with more than just traditional media strategies to get them in the door and keep them returning. Now is not the time to be reducing the marketing budget. More than ever, it is important that a brand is not forgotten. A clever marketing strategy can save […]
Are you a leader just because you run a small business? No. But you need to be. The role of leadership in business is indisputable. Great leaders create great businesses. Mediocre leaders create mediocre businesses. Without business leadership, a business will circle around aimlessly until it eventually runs out of power. For a business to […]
Maslow’s Hierarchy of needs is a framework of human motivation based on his own clinical experiences as a psychiatrist. It is used by modern leaders and executive managers around the world to find means of motivation for employee and workforce management. The basis of this theory is that human beings are motivated by unsatisfied needs […]
As long as employees turn up to work and complete tasks, that’s all that matters right? Wrong! Smart employers will consider the emotional well-being of their employees and implement strategies to ensure that company morale is high. Happy workers are more likely to produce results, take fewer days off, and stay loyal to the company. […]
‘They are lazy, selfish, overpaid, arrogant, spoilt, demanding and over-confident!’ Although this is the stereotype that many business owners have built up, the group of workers aged between 15 and 31 are becoming the most prominent demographic in the workforce and preparing for and gaining and understanding into the Gen Y group will prove beneficial […]
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