Business Management Advice

December 19, 2016

Outsourcing Bookkeeping

As a small business owner, you have many things taking up your time. You manage social media accounts and marketing plans and employees. Managing your company’s accounting may seem like one of the easier things that you do, so you may not notice how much time you lose keeping track of income and expenses in an old spreadsheet—or worse, with pen and paper. Here are some ways that outsourcing your bookkeeping services and choosing a cloud-based accounting program can make your job easier. Maintain mental energy and focus The phrase “multi-tasking” originated with computers, long before we ever talked about it in the context of people. As we as people pressed ourselves to do more and more tasks with fewer […]

November 28, 2016

Managing Your Mobile Business

Small business owners work hard and are often on the move. You may be out meeting clients, working on-site or travelling between jobs. If you have an office – at home or anywhere else – you probably don’t spend a lot of time in it. Mobile phones, tablets and laptops have made working on the go much easier. You can check messages and emails, manage appointments, update business social media accounts and use apps to create and share documents. But did you know you can also manage your accounts on the go? Mobile accounting apps let you manage expenses, send invoices and track your cash flow from anywhere. There’s no need to wait until you get back to the office […]

November 21, 2016

Importance of Business Planning

Business planning is a key part of creating a successful business. Planning helps you assess how good your business idea is and decide what the best way is to make things happen. Planning lets you think about what you are going to do and anticipate mistakes. If you don’t plan, your only option is to learn as you go along – often at high expense. Effective planning helps you develop a business strategy that takes into account what you are trying to achieve and what competitive threats you face. A realistic strategy will take into account your own skills and the financial resources you have. Whether you need to raise start-up financing or not, you should write your strategy down […]

March 17, 2016

Quick Guide to Setting Up a Business in Melbourne

Setting up a business is a milestone for many and if you plan to put up one in the lovely city of Melbourne, the excitement you feel may be coupled with a bit of worry. It is, after all, a huge city that is filled with almost every kind and size of business you can imagine. In fact, it is home to many of Australia’s biggest companies. However, its economy is robust and its population continues to grow, too, which means you have a huge market right at your fingertips. Soon as you have decided on what business to put up, determine your market. Who do you want to sell to? What exactly do they want? Would they try what […]