Depending on the current state of your finances, financial freedom might seem a long way away. For many people, financial freedom—when you don’t have to worry about how to pay the bills and your money is invested and making money for you—is a far off dream. What they don’t understand is how close financial planning can get them to that dream.
There are several aspects of business that can only be learnt through actual experience. One of them is negotiating contracts.
Several people fear the negotiation process because it is an intrinsically uncomfortable process. Asking for more money or making personal demands doesn't come naturally to everyone. But with the right toolkit, you can breeze through contract negotiations. And you'd better get used to it, because you'll have to handle a lot of contracts whether you're a business owner or a company employee.
This year's Federal Budget includes some good news for small business enterprises (SBEs), including the continuation of the Enterprise Tax Plan and the digitisation of licensing and registration services.
Whether you are thinking of launching a small, local business or a global enterprise, finding a city that is friendly toward entrepreneurs is important. You want a city that is culturally supportive of business owners, in a region or country that makes things easy for you from a financial perspective. You also want to be in a place where it is easy to attract and retain good talent, and where you can network with a lot of other business owners and share resources. Here are ten worldwide cities where starting a business is less difficult than in other parts of the world, for a variety of reasons.
Taking out a business loan may be your first plan of action for financing business growth. But there are excellent reasons to consider other options for finding capital to expand your business.
So you’ve launched your business – now what?
Good news for small business owners: according to the US Small Business Administration, nearly 80% of small businesses survive their first year.
However, that number begins to drop as time rolls on. Only half of small businesses pass the five year mark, and a mere third celebrate their tenth anniversary.
Taking steps to create a good foundation in the early days of your business is essential for a sustainable and profitable future. Here’s how.
Getting Your Business Through Tough Times
If your business hasn't gone through hard times, while great, is likely to happen at some point. As much as we'd like to think our businesses will never experience slow times, many aspects are beyond our control that can negatively affect the business.
The following are four tips, to help get your business through a difficult period.
Back in early April the Four Corners program aired a segment on the conduct of the ATO. A large portion of the program was devoted to the ATO management's instructions to staff to ignore their own guidelines and issue more Garnishee Notices as they were behind on the year end revenue targets.
Everyone would like to become a better investor. People get into a twist trying this method and that only to abandon them for the next new thing. There's an easier way, and it involves following a few simple suggestions.