You Need To Plan To Start A Business
You would not go on a cross country holiday without looking at a road map to work out where you are going to stop and what sight-seeing activities are available on the way. Planning the start of a business is no different. You need a plan that you...
New R & D Scheme Has Commenced
The Australian government’s new research and development scheme, known as R & D Tax Incentive, commenced from the 1st July 2011 and applies to research and development expenditure incurred after that date. The new tax incentive has 2 components - The...
Export Market Developement Grant Application
If you are an exporter and you have spent money on export market activities then you could be eligible to submit an application for an Export Market Development Grant. Applications must be submitted by 30th November 2011. If you would like to talk to us about the...
Monitoring Economic Indicators
It is certainly a confusing economic landscape at present in Australia. Unemployment is now over 5.1%. The Reserve Bank has left interest rates at 4.75%. The Australian dollar compared to the US dollar is now about 97cents. Retail spending in stores is well down. ...
Lifetime Value Of A Customer
Businesses need to ensure that there is ongoing education of their team on the lifetime value of a new customer. Lifetime customers represent repeat business and repeat business equals profit. If you assume that the lifetime value of a customer is about 7 –...
Key Aspects To Achieve Business Success – Part 2
Development priorities - this is where you list what you are going to achieve over the next 3, 6 or 12 months, as part of a business plan. Business plans for businesses are just as important as maps for tourists. How are you going to know when you get there,...
What’s It Mean?
Gearing Gearing represents the level of borrowings, expressed as a percentage, on the value of assets: Example: Assets worth - $540,000 Borrowings - $286,000 Gearing: $286,000 x 100 $540,000 1 = ...
Budget And Cashflow Forecast Reviews Assist In Adding Value
It has been proven, time and time again, that the setting of a budget is the same as setting a “goal”. The fact that you have sat down with your accountant in some “isolation planning” and thought about the issues relating to your business and, from that process, have...
Personal Property Securities (PPS) Register Commences Soon
The Australian government and the various State governments have agreed to establish a National Register of Personal Property Securities which will commence early in 2012. Personal property to be recorded in the register is any form of property other than land,...
Business Plans – Questions To Consider
Organisational Matters When preparing a business plan, the Questionnaire on Organisational Matters, asks the business proprietor to think about a wide range of matters relative to the business including: Who opens the business premises? Is there a...