Business Growth Hub
Want business growth and success? As your partners in business we are here to help with our strategic advice and practical solutions.
Deep Dive into Your Business’s Profit and Loss Statements
For many small business owners, the Profit and Loss (P&L) statement often gets overlooked or misunderstood. In reality, not enough owners know how to read or leverage this essential report. Your P&L isn’t just a list of numbers. It’s actually a valuable tool...
Understanding Types of Business Structures: A Guide for Business Owners
Picking the right business structure is a big deal. It affects your taxes, liability, and growth potential. Here's a quick rundown to help you choose the best fit for your business and goals. Sole Trader This is the most straightforward business structure, often ideal...
A Guide to Profit Planning and Budgeting for Business Owners
As a small business owner, you’ve got a lot on your plate. Balancing profit margins, keeping your team happy, and making sure your clients are well taken care of are just a few of your daily tasks. Then there’s the question of how to pay yourself consistently without...
How to Maintain Your Small Business’s Profit Margins in a Shifting Market
Ever feel like your small business is being squeezed from all sides? Rising living costs, reduced customer spending, supply shortages, and a changing economy can all hit your bottom line hard. You're not alone in this. Small businesses all over Australia are feeling...
Key Performance Indicators Businesses Can’t Ignore
Are you confident you know exactly how well your business performs at any moment? Understanding the health of your business goes beyond just looking at profits and losses. Key Performance Indicators (KPIs) are essential tools that provide critical insights, empowering...
Securing Funding for Growth-Focused Small Business Owners
Have you ever wondered why it's so challenging for small and medium-sized businesses to secure the funding they need to grow? Despite having years of profitable results, loyal customers, and stable revenue, many business owners need help accessing the necessary...
Efficiency Hacks for Busy Business Owners
Are you a small business owner juggling countless daily tasks, wondering how you can possibly get it all done? If managing your business feels like a constant balancing act, you're not alone. Many small business owners wear multiple hats, struggling to find enough...
Margin Vs. Markup: Setting the Right Price
Ready to boost your profitability? Demystify margin vs. markup and discover the best pricing strategy for your business.
Is Your Business Too Dependent on You?
Key Person Risk occurs when a business heavily relies on one person or a few people for essential knowledge, skills, and relationships. This is common in small businesses where the owner often holds these key roles.
The 2024 Federal Budget: Key Takeaways For Small Businesses
Treasurer Chalmers has announced the 2024 Federal Budget and the response from the small and medium business community has been mixed. The Budget includes $641.4 million in targeted support for small businesses.
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