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 -
Dollar got the blues
dollar got the bluesgettin lower every daydollar got the bluesgettin lower every dayi wanna do something about itfolks if i only had my way used to be 2 for 1now it’s 1 for 2used to be 2 for 1now it’s 1 for 2what in the world are we poor people gonna do? As the Reserve […]
Heads up – a tax debt can screw your credit rating
It’s official ATO tax default data is now included in Equifax commercial credit reports. Ok, the ATO has been “softly, softly” in collecting tax debt. If you haven’t arranged to pay down debt or do something else (with Our Help), you can now be punished by having your credit rating blown – and that could […]
“Everything has gone through the roof.”
Speaking with a client who runs several food outlets in SydneySpeaking Now is a time to be sensible. Foodstuff prices are rising, and in our conversation yesterday, we also talked about chicken, beef, and the lack of lettuces from the marketplace. We also talked about price rises that the market will stand. Having been hammered […]
Its business as usual
A big round of uncertainty, and there you are our economy. So what do we tell Your Business Angels clients. Australia’s newest Federal Treasurer, Jim Chalmers, is putting a spotlight on the fiscal situation he’s just inherited from the Morrison government. They all do it. When new governments come to power in Australia, they inherit a budget from […]
This affects all businesses. From our CEO Gavin Waring
I appreciate that not all our clients are builders or tradespeople. But we have enough of you to make this a critical blog, as well the effects of the problems in the housing market will blowback on the economy and affect all our clients. Below are comments and reports on Metricon. The company probably stayed ahead of […]
Changing gear, making changes its time
It’s been a fantastic week where I have almost finished a book called “Still Life” by Sarah Winman. In this book, our “English” characters live most of their life in Florence between the 1950s and 1970s. This is a book for a soul in need of joy. I have found myself looking up many of […]
Stay Ahead Of The Pain
The last time I was in the hospital, I had an operation. Coming out of that operation, the nurses gave me Panadol and some other magic beans and said it was best for a few days to stay ahead of the pain, so before the pain starts, do something about it. Unless you have been sitting […]
Why we would never recommend you to be a sole trader
You pay too much tax to start with.
You could contact us now and see what we are able to do to help you reduce tax and save for the future, and / or you can read on. So, it was a good idea to go into business; you applied for an ABN thought that being a sole trader was the way to […]
Dealing with business problems – Your Business Angels
Some problems you go over or around, rather than crash straight into them Writing down a list of your business problems is a good start. The next thing to do is analyse them into priority and solvability before committing your resources to something you could just as easily sideline. In 1984 Steve Bunk Neil Lawrence wrote a book […]
Guessing what the taxman will do
The ATO will be robust in collecting this money; our belief is its gloves off after Australia Day 2022. Your Business Angels will blog a series of articles about what the taxman will do this year, how we will help those who have a tax debt as well push what we consider the best ways […]
Let’s talk to single-operator business owners
On June 30, 2021, there were 2,402,254 actively trading businesses in the Australian economy. Of these, 62% or 1,416,664 of these enterprises are single operator businesses. Most businesses in Australia are enterprises run by one person. If you are in this group you are part of a significant contributor to our economy. Do you fall within […]
Some thoughts about Finance
Invoice Finance – No, it’s not factoring.
It may look like Factoring, but it’s not. And that the problem we sometimes have in explaining what the difference between invoice finance and what a factoring company does is the foremost hurdle to presenting to clients why we think Invoice finance is better. What Invoice finance does is finance one invoice. Just one, and when […]
In business, as in life, opportunity comes typically heavily disguised as complex problems with insurmountable barriers. We so often walk past actions, processes and opportunities that can make a real difference to our business because we believe it’s too far away for us to reach. In so many business cases, it’s a matter of immediate […]
Will you buy a car when you finally get to fly to the Gold Coast for a holiday?
So it looks like we can finally go to the Gold Coast or somewhere else for a holiday, as the border restrictions come down. Getting out from where we are is undoubtedly going to be a relief. I might go a bit further north to the Whitsundays, fly into Proserpine Airport and cruise around there […]
Why did you go into business?
So often, the answer is I had to, or I didn’t have a choice. Typically, when asking a tradie why he started his own business, it was because when he finished his apprenticeship, he had to get an ABN to keep working. So many people have lost their job and had to go back as […]