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Transforming small business
Great tips, tools and advice from a variety of experts to help YOU Transform YOUR Business...
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Start-up numbers on the rise

Last year saw a 3.3% increase in national start-up numbers, with Tasmania ranked as the state with the highest proportion of small businesses, according to a new report.
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Start-ups Urged To Start Business Succession Planning - Planning

Businesses without succession plans are almost twice as likely to fold or suffer a fire sale, according to a new report.
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Businesses still missing out on social media opportunities, Sensis report reveals

Businesses have the opportunity to make money from social media but many don’t have a social networking presence at all or are squandering the opportunity by pushing too many direct advertisements instead of talking with customers.
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Should your business use group buying sites?

The launch this week of BizzBuzz.com.au, a site that offers deals to small businesses, indicates that the onward march of the burgeoning group buying sector isn’t slowing down.
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Hamster Wheel or Business? | Transform Your Business

Hamster Wheel or Business? | Transform Your Business | Transforming small business | Scoop.it
Most small business owners feel like hamsters on a wheel - working hard & getting nowhere fast.
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Overfrequent Facebook Posts Prompt Users To Unlike Company Pages - Sales and marketing

A social media expert says start-ups should be wary of posting too frequently on Facebook as it can prompt users to “Unlike” their brand, based on the findings of a new survey.
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Business coaching sector to get industry guidelines

Standards Australia is preparing to release guidelines on professional coaching, but an industry expert says start-ups should seek out relevant industry experience over adherence to an industry code when choosing a coach.
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Are you the Temperature or the Thermostat? | Transform Your Business

Are you the Temperature or the Thermostat? | Transform Your Business | Transforming small business | Scoop.it
Are you the Temperature or the Thermostat?
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Tax experts are urging business owners to start preparing for tax time to avoid becoming overwhelmed

Tax experts are urging business owners to start preparing for tax time to avoid becoming overwhelmed, offering tips to help businesses maximise their tax returns and avoid penalties.
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Is it legal to extend employment probationary periods?

Is it legal to extend employment probationary periods? | Transforming small business | Scoop.it
Employers should be encouraged to talk with employees about poor performance even during probationary periods. But as always, seek advice before acting.
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EXIT STRATEGIES: The acquisition process – business brokers

EXIT STRATEGIES: The acquisition process – business brokers | Transforming small business | Scoop.it
To be successful at closing a sale of the firm, you have to know how the various buyers will approach the acquisition.
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REMINDER - Bookkeepers warned of July deadline for professional indemnity insurance

Registered tax and BAS agents have been warned that they have until July to ensure their insurance is in place.
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Who is really driving your business?

Who is really driving your business? | Transforming small business | Scoop.it
Starting up or growing a business takes a lot of time, energy and effort. It’s vital you have a set of metrics you monitor, that help to provide clarity of focus and the assurance that the business is heading in the right direction.
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Beware of websites offering access to government grants

The Australian Competition and Consumer Commission is warning small business operators and entrepreneurs to beware of unauthorised websites offering easy access to government grants.
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How to get customer feedback

How to get customer feedback | Transforming small business | Scoop.it
Business owners can be extremely protective of their business, which is why so many are lost for words when customers complain.
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Provide Training Without Losing Productivity

Provide Training Without Losing Productivity | Transforming small business | Scoop.it
Wouldn't it be great if everyone you hired could just sit down in front of a computer and start working immediately, with no training at all? Sure, if you hire someone with experience, they can do that to a certain...
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Another reasdon to keep your tax up to date - Late Tax Returns Could Make Company Directors Personally Liable

Company directors who fail to lodge their tax returns on time could become personally liable for the debts under a Federal budget change.
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Preparing Your Start-up For Exit: How to Understand the End Game

Preparing Your Start-up For Exit: How to Understand the End Game | Transforming small business | Scoop.it
With the recent spate of tech acquisitions, budding start-ups have been given a timely reminder of what it takes to ready a business for the ultimate exit.
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We can only hope it happens...Small Business Banking Must Be Remodeled: NAB exec

Australia’s banking system should be remodeled to encourage entrepreneurship and make it easier for SMEs to focus on their business, according to a NAB business banking executive.
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Government to replace entrepreneurs’ tax offset with $5,000 car tax break

Tax experts are divided over the Government's plan to scrap the Entrepreneurs' Tax Offset and replace it with an across-the-board deduction of $5,000 for purchasing new cars.
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How can I offer career progression to staff when there’s only four of us in the business?

How can I offer career progression to staff when there’s only four of us in the business? | Transforming small business | Scoop.it
One of the greatest myths of our time is that “all staff seek career progression”. They do not. What they seek is development.
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5 great tools to save time & money in YOUR small business. | Transform Your Business

5 great tools to save time & money in YOUR small business. | Transform Your Business | Transforming small business | Scoop.it
5 great tools to save time & money in YOUR small business.
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Bookkeepers could face fines or suspension if they fail to acquire mandatory insurance by July 1

A tax expert says unregistered bookkeepers could face fines or suspension if they fail to acquire mandatory insurance by July 1, but many are unaware of the new requirements.
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Turning purchasers into customers

Turning purchasers into customers | Transforming small business | Scoop.it
The likelihood of a purchaser developing into a customer for a business that doesn’t meet expectations is pretty slim.
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What can I offer to convince some heavy hitters to join my start-up?

What can I offer to convince some heavy hitters to join my start-up? | Transforming small business | Scoop.it
When you are starting out, you need to preserve cash, so here are some non-cash ways to attract board members to your company.
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