Business Update – 22 October 2021

Xperion

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. We’re thinking of everyone affected by lockdowns around the country and encourage you to reach out if you have any questions about your business during this time. Sydney Reopens After Months of Lockdown Cafes, gyms, and restaurants in Sydney opened for fully vaccinated customers on Monday after months in…  Read more

Understanding Australia’s Director Identification Number

Xperion

In its 2020 Budget Digital Business Plan, the Australian government announced the full implementation of the Modernising Business Registers (MBR) program. The program is designed to both establish the new Australian Business Registry Services (ABRS), and enhance how businesses register and manage their information with the government. Although the ABRS rolls out progressively between 2021 and 2024, one of the immediate changes is that business directors must obtain a director…  Read more

4 Ideas to Manage Customer Wait Times Without Hiring More People

Xperion

Balancing customer experience against your budget is a difficult task. You need the right amount of staff working to keep customers happy, but not so many people that workers are standing around looking for things to do. If your customers have long wait times, that’s good news for you initially—it means your business is popular. The bad news is customers won’t wait around forever for you to fix your time…  Read more

4 Things to Consider Before Expanding Your Service Offerings

Xperion

If you’re looking to grow your business, you might consider expanding your service offerings. Adding additional services is a good way to increase your profitability, diversify your income and expand your market. But there are important things to consider before adding to your income streams. Here are 4 important things to keep in mind when you consider adding to your services. 1. Does the expansion complement your business? The best…  Read more

Business Update – 15 October 2021

Xperion

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. We’re thinking of everyone affected by lockdowns around the country and encourage you to reach out if you have any questions about your business during this time. Sydney Reopens After Months of Lockdown Cafes, gyms, and restaurants in Sydney opened for fully vaccinated customers on Monday after months in…  Read more

Super choice rules will change from 1 November

Petra King

You’ll have an extra step to take if you have new employees who start from 1 November 2021 and they don’t choose a super fund.   You may now need to request their ‘stapled super fund’ details from the ATO.   A stapled super fund is an existing super account of an employee that follows them as they change jobs. This change aims to stop your new employees paying extra…  Read more

Business Update – 8 October 2021

Xperion

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. We’re thinking of everyone affected by lockdowns around the country and encourage you to reach out if you have any questions about your business during this time. 80% vaccination targets approaching The Delta outbreak may have reached a turning point, with more than half the country in extended lockdowns…  Read more

3 Tips for Working Smarter and Gaining Personal Time

Xperion

You’ve probably heard the maxim that it’s better to work smarter than harder. Working smarter means allocating your time, energy and money so vital tasks get done more efficiently, freeing up your personal time. Too many business owners think they must keep working harder—taking on more responsibilities and working longer hours—to be successful. It makes sense, because you’re responsible for your business, but that route leads to work overload and…  Read more

Succession Planning: A will for your business

Xperion

The unfortunate reality is most business owners don’t take proper holidays. Usually this is because their business relies on them and they don’t have the support to keep the business running without them. As a business owner, have you ever considered what would happen to the business if you had to take a six months break because of a serious illness or injury? Would the business survive? How would the…  Read more

Business Update – 29 September 2021

Xperion

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. We’re thinking of everyone affected by lockdowns around the country and encourage you to reach out if you have any questions about your business during this time. Read on for assistance that may be available to you. Australia Post Pauses Melbourne Parcels Australia Post announced that parcel pickups, collections,…  Read more

How Much Cash Does My Business Need?

Xperion

Your business needs cash. Cash is what keeps your company in operation and enables it to grow, so you should know how much cash your business needs to survive. Although many people think the answer is linked solely to operating expenses, this isn’t the case. There is no single factor that determines how much cash every business needs to have on hand. Somewhere between 3-6 months of operating expenses is…  Read more

Business Update – 22 September 2021

Xperion

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. We’re thinking of everyone affected by lockdowns around the country and encourage you to reach out if you have any questions about your business during this time. Read on for assistance that may be available to you. End of Lockdown in Sight for Melbourne Melbourne will exit its coronavirus…  Read more

QLD 2021 COVID-19 Business Support Grants

Petra King

You have until 16th November to apply for the QLD COVID-19 Business Support Grants!   Who can apply for QLD COVID-19 Business Support Grants? To be eligible, your business or not for profit organisation must: employ staff (employees must be on your payroll and does not include any business owners) have an Australian Business Number (ABN) continuously held from 30 June 2021 be registered for GST have Queensland headquarters (i.e. your principal…  Read more

Business Update – 9 September 2021

Xperion

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. We’re thinking of everyone affected by lockdowns around the country and encourage you to reach out if you have any questions about your business during this time. Read on for assistance that may be available to you. COVID-19 Government Support By State and Industry Small businesses that are currently…  Read more

VIC Small Business COVID Hardship Fund

Petra King

Who can apply for VIC Small Business COVID Hardship Fund grant? To be eligible, businesses must: be located within Victoria as a direct consequence of COVID-19 restrictions since 27 May 2021 have experienced a reduction in turnover of at least 70% for a minimum consecutive two-week period comparable to a benchmark period in 2019 have an annual Victorian payroll of up to $10 million in 2019-20 on an ungrouped basis…  Read more

2021 COVID-19 Business Grant NSW

Petra King

Only couple of weeks until the applications for NSW Covid-19 Business Grant close! Who can apply for NSW Covid-19 Business Grant? Funding is available to support businesses, sole traders and not-for-profits that have experienced reduced demand or have had to close due to the public health orders. It will support businesses with cash flow for the first 3 weeks of the Greater Sydney lockdown, which started on 26 June 2021.…  Read more

Managing Field Workers in Your Construction Business

Bizink

It’s one thing to manage workers when they’re all in the same place at the same time. However, when you run a construction business with field workers, things can get a lot more challenging. Not only are you typically not on the same job site as them, you might also have workers scattered over a variety of sites and projects. Managing them doesn’t just mean scheduling them and making sure…  Read more

4 Money Saving Tips for Business Owners

Xperion

Running a successful business requires you to make smart decisions about everything from who you hire to how you spend your money. There are many legitimate expenses to cover, but it’s easy to overspend in areas that aren’t helping you or your business. Spending wisely is key to owning a sustainable business. Here are four practical money saving tips for business owners. 1. Have a list of all your subscriptions,…  Read more

Business Update – 25 August 2021

Xperion

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. We’re thinking of everyone affected by lockdowns around the country and encourage you to reach out if you have any questions about your business during this time. Read on for assistance that may be available to you. Australia Closes One-Way Travel Bubble from NZ Australia has paused “green zone”…  Read more

Why Smart Business Owners Never Stop Marketing

Xperion

One classic mistake business owners make when money gets tight is to stop marketing or cut their marketing budget. At first glance, it seems logical to cut down your expenses during tough economic conditions. However, in reality, it’s the opposite of what you should do. When your business is struggling, cutting your marketing budget will further hurt your business. It is during this time that you should go the extra…  Read more

Business Update – 18 August 2021

Xperion

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. We’re thinking of everyone affected by lockdowns around the country and encourage you to reach out if you have any questions about your business during this time. Read on for assistance that may be available to you. Tougher COVID-19 Restrictions in Melbourne New stricter COVID-19 restrictions came into effect…  Read more