That your business becomes as profitable as it can be (on a cash basis). Profit pays debt, profit drives the business forward and profit gives you the reward for all your hard work.
Your Business Angels - Blog
As we advance to the journey back?
Are you going back to normal? What was normal, anyway? I just Googled “COVID normal”. It’s one of those times where a modern phrase or term hasn’t been defined in a blog, website, or article to appear on a Google search. I thought it would. I couldn’t get an organisation or an individual’s definition of […]
March 2021 and March 2022
As this blog is about a prediction for the above dates. My predictions come from my personal and business experience, as well as operating Your Business Angels through downturns and calamities other global downturns that we seemed to miss for reasons such as a mining boom and often just luck. It has been a long […]
Please discuss any changes in your business status with our client coordinators.Especially clients who are in Victoria and may have a change in turnover after the time taken for debtors to pay down their debts to them has passed. Amendments to the JobKeeper 1.0 Rules were released on Friday 14 August. The significant change is […]
You should be a client of Your Business Angels
Now is the time to prepare your business for the post government stimulus An Invitation to talk to the CEO of Your Business Angels about solving those big problems before it is too late. Crunch time: early action critical as government lifelines end. Good Morning, Many of our clients’ businesses have survived the COVID-19 period […]
The Big Road Forward
The Big Road ForwardTwo-speed economy Your Business Angels understand that there are different needs for different clients. Many of our clients are still pushing ahead with their business. The Stage IV lockdown seems to have stopped short at the construction doorway, and many of our clients are still working as much or nearly as much […]
Australia is awash with money. Can you dive in and get yours? There is a lot to keep doing.
If you have an empty swimming pool and put a tap in it, connect that tap to a water source and turn that tap on, you will fill the swimming pool with water. It will be awash with water. That is pure science. If you have a country and the government of that country pour […]
Do not waste a tax loss
This has been a difficult year, and your business may have made a tax loss. A tax loss is when the total deductions you can claim, excluding gifts and donations, are greater than your total income for an income year. If your business makes a tax loss, you may be able to: Offset the loss […]
Can the government patch everything?
It is important to understand that the stimulus package, that included JobKeeper and cash boost, was about saving jobs. It was not about saving your business. The billions of dollars that was poured into the economy was about saving jobs. It was not about saving your business. Over the coming months and years, we will […]
Is your company in need of debt reduction
What was your business like before Covid-19? Were you struggling anyway, with the various coloured letters coming from the Australian Taxation Office? Were you finding it hard to meet superannuation? Have loan repayments always been a problem? Let me ask you another question… If you were not carrying the debt that you are carrying now, […]
Rents and Running a Business
So before we get excited about pubs and bars and cafés opening again, and having a conversation about 4 m² and social distancing, maybe we should have a cold shower to bring down the excitement and talk about how a business possibly covers its rent – as legislation allows landlords to charge full rent again […]
Are you running a zombie company?
A zombie company has just enough money to continue operating and perhaps service debt but is unable to pay off debt. That means the business is just scraping by meeting overheads such as wages and rent and interest payments but has no excess capital or income to pay off old debt or invest in growth. […]
Are we just kicking the can down the road?
I’m always talking about watching your money. New real time data shows that spending is returning to normal, at just 3% below pre-crisis levels (May 22nd report). While this evidence confirms mortgage deferrals and other hardship measures are supporting spending, it also suggests that we may be simply kicking the can down the road until […]
Moving a market
And where Your Business Angels could be able to help you There is from what we are finding from a lot of trades in the marketplace – it just may not be where you have worked previously. You may need to move to a different market using your skills. You might need to travel a little […]
Something we need to talk about in time of trouble
The Australian Government has temporarily changed bankruptcy law to help protect people who are facing unmanageable debt as a result of the economic impacts of COVID-19. If you’re a sole trader, or operating a business as a partnership, you could face personal bankruptcy if you can’t pay your debts. If you’re in financial difficulty you […]