For many business owners, their business provides a means of employment and an income. Often, they started the business for that very purpose. However, by not treating their business as an asset, they could be missing out on growth opportunities, on the potential to
As a small business owner it often seems like there aren’t enough hours in the day. And the struggle to stay on top of things is likely all too familiar. With the ATO now requiring all businesses in Australia to digitally report their payroll information
How three big industry players; KPMG Australia, Commonwealth Bank and Microsoft, partnered up to help bring enterprise technology to the forefront of small and medium-sized businesses… now that’s Wiise. Keeping up with growing complexity I’ve spent the last decade working with executives at global
Inefficiency, like rust, never sleeps, and can suddenly creep into any corner of your business. Vigilance against inefficiency is even more critical for small to medium-sized businesses because margins for error can be thin, and small but steady drains on revenue can suddenly hit a tipping
Small employers (those with 19 or less employees) need to get ready for Single Touch Payroll (STP) ahead of the 30 September start date. STP became mandatory for small employers from 1 July this year, however, the ATO granted an extension to businesses that needed
Like climate change, negative interest rates represent a modern enactment of the tragedy of the commons: the whole world is affected but no one accepts direct responsibility. Like climate change, human activity is the cause. Unlike climate change however, where the necessary actions are evident even if the
Nearly half of SMEs want to borrow money in the next year but are uncertain of their borrowing capacity and correct loan documentation and have falling levels of trust in banks, new research from Judo Bank has found. The findings come from Judo Bank’s
Being the Best is a dangerous myth, and one of the great furphies of small business marketing. Positioning as the Best in your category, falsely assuming that customers are totally rational. That they’ll choose to spend their hard-earned on that perceived value. But for small
Most small business owners experience the “grass is greener” syndrome at some stage in their entrepreneurial life. It feels like every other business is so much easier, in every way, than ours. Of course it isn’t true, but it certainly feels like that, particularly on
SMB owners wear a lot of hats. In addition to the day-to-day function of the business (say, making earrings, fixing pipes or caring for children) they might organise payroll, send emails, do maintenance, manage employees, collect the mail, answer phone calls, take bookings and more.
Small Business Connections (SBC) is a media platform that delivers targeted content, news, industry reports, trends and tips to business owners, entrepreneurs, startups and stakeholders in the SME sector.
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