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In response to the anticipated economic downturn resulting from the Coronavirus pandemic, the government has announced a number of economic stimulus measures for the 2019/20 and 2020/21 income years. Most of these are targeted to help small to medium sized businesses. The announced measures at this stage are: Instant asset write-off For businesses with under $500m in turnover, they will be able to claim an instant asset write-off of asset…  Read more

  Business success is about addressing your customers’ needs and problems. By understanding the issues clients face, you can show them how your solution solves their problem. Here are some tips for asking the right questions to better understand and help your customers. Don’t jump into sales questions right away Business isn’t just about making a sale, although that’s certainly part of it. It is about building relationships. That’s how…  Read more

At some point in the life of your business, you’ll likely need to borrow capital. That’s why it’s important to build and maintain a solid credit score now – so when the time comes to apply for financing you’ll be able to prove to a lender you’re a good risk. Here’s some simple steps you can take today to raise your credit score. Know your numbers A quick online search…  Read more

Christmas is a demanding time for many people, but for the small business owner it can be downright stressful. Often you’re dealing with end-of-year deadlines, tying up loose ends if you’re closing for a few days, and dealing with all the ins and outs of planning a staff Christmas party. On top of all that, you’re likely worried about buying gifts for your loved ones and your employees. Often, business…  Read more

If you’re like most people you’ve probably gone for periods of time without really thinking about how you spent your money. Maybe you even avoided looking at your bank statement so you wouldn’t see how much money you spent and how little you saved. It’s something a lot of people do, especially nowadays when we can spend our money so easily without handing over cash. If you’ve ever looked at…  Read more