Staying up to date with business basics is crucial – basic bookkeeping, payment of accounts, collection of debtors and lodgement of BASs and tax returns means you will be right on top of your affairs. However, being one step ahead also means keeping your technology up to date and reaping the benefits this brings. Developments […]
People, systems and technology are vital to successful businesses. Training and developing staff and having good people management systems will mean you are not just paying wages, you are making an investment in the future. Having good systems is crucial for quality control and efficiency. Investing in efficient plant and IT systems will often also […]
Most small business owners start out in salaried employment and then pursue an idea or opportunity that arises. As a result, there can be a fast transition from a steady income which regularly pays the bills to a cash dependent business with no returns to the owner. If you have employment, explore the options of […]
The vast majority of SMEs who struggle in business are under-capitalised. Having the right funding mix is crucial, especially in hard times. Businesses need the right mix of funds: long term debt for assets, debt facilities that grow with you, flexibility when you need it and reinvestment of profits to build the business. Strategies to […]
Record keeping is not done just to keep the ATO happy. If done properly it will give you the information necessary to run your business successfully. Accounting programs such as MYOB or Xero are ideal for small businesses, but if records are not your thing you should consider engaging a bookkeeper for a few hours […]
In business there are many things that are outside of your control. The first step to managing risk is to understand it. So reviewing the risks peculiar to your business is an important step. Who does your business depend on (customers, suppliers, employees, knowledge) and what would happen if they let you down? What about […]
We have seen a number of startup businesses that have signed up for a shop lease on commencement of the business, only to find that sales did not eventuate as planned. If the business closes, the obligations to pay for rent will continue until another tenant can be found. This can add several months rent […]
Being in business can be a lonely experience. So it is important that you have people you can trust to talk to. The Business Advisory team at Saward Dawson are people with experience that you can trust. Regular contact with us will give you the opportunity to explore the various avenues of your business. Having […]
Many small business owners seek to buy a prestige vehicle as a reward for their hard work and to show that they have been successful. Buying a motor vehicle in your business name can be effective but only if you can demonstrate a high level of business usage for that vehicle. All of the private […]
Whatever challenges your business faces, you can be sure that someone has gone through something similar before you. There are a number of government and community programmes that will put you in touch with other business people who can assist with the journey. Enter some of these names into your search engine to get started: […]
Saward Dawson acknowledges the Traditional Custodians of the land on which we work and we pay our respects to Elders past and present.
Level 1, 20 Albert Street, Blackburn VIC 3130
PO Box 1212, Blackburn North VIC 3130
contact@sawarddawson.com.au | +61 3 9894 2500
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