Market review
Expert Advice
Allhomes have just released to agents their latest Allhomes Property Market Index. I found the following items of particular interest. Looking at the sales market, median house prices have continued to rise across both Canberra and Greater Queanbeyan. The median house price in the ACT is now $638,000, Townhouses $435,000 and Units & Apartments $381,000. There were a total on...
Recruitment trends for 2017
Recruitment
What will be the key features of Canberra's recruitment market in 2017? Firstly, with 2016's Territory and Federal elections behind us and no major distractions ahead, competition for top talent will heighten. Add to this a number of high profile infrastructure projects and unemployment below three and a half percent and you have all the ingredients for a very competitive...
Meaningful meetings
Expert Advice
Author Amit Kalantri once mused, "An assembly is extra slow in taking actions". As a career strata manager myself, I have to confess that I don't entirely disagree. Of course, meetings are necessary for the successful management of an Owners Corporation. There just isn't any way of getting around it. However, it is important to ensure that the juice is...
Corporate leadership therapy
Expert Advice
'Tell me about your childhood?' It may seem an unusual question for me to ask when I first meet with an executive. It is, however, where all learned behaviours and beliefs start. Now, it is not my intention, at this point, for you to pull out the tissues and confess your inner most thoughts to your colleagues in the hallway...
Digital marketing landscape 2017
Expert Advice
Around 16 years ago, I gave an interview for an Assistant Marketing Manager's job. The interviewer's first question was, 'Tell me, what is marketing?'. I said, 'Well, I think everything is marketing.' I saw a puzzled face, so I added; '...I believe, everything a business does, that involves the customer is actually marketing. It's not just about branding and advertising.'...
Will you enjoy the summer holidays as much as your team?
Accounting
It's a typical scenario for many business owners. An employee puts in an application for annual leave for a tropical break to Hawaii. You smile as you put yourself in their shoes imagining yourself lying on the beach with a cocktail and then reality hits and you start to think how it will impact you and your business. Your immediate...
Single Touch Payroll & four things that business owners should know
Bookkeeping
Single Touch Payroll (STP) is now becoming compulsory for businesses, which have minimum 20 employees. You will be required to report on the new system from 1st July 2018. What needs to be prepared to get ready for the new system? Would there be any impact on your business transaction or cash flow? Here are few check points to ensure...
Social media and small business – with great power comes great responsibility
Business Law
The increasing use of social media has had a profound effect on the way that people do business. The ability to reach a large market for low cost and engage with customers and potential customers in real time can have a major positive impact on your business. However, with the benefits also comes the risk from both improper use and...
Even entrepreneurs need a holiday
Cash Flow Solutions
When you're running your own business and you're in the thick of keeping everything running smoothly; taking a holiday might be the last thing on your mind. Or maybe it's something you've considered and you concluded that it would be more stressful than just keeping your nose to the grindstone. But it's generally acknowledged that there are a lot of...
Phishing season or the weakest link
Cyber Security
Phishing is the action of exploiting human nature in order to acquire information for the purpose of identity theft, financial fraud or obtaining unauthorised access to sensitive information. A phishing attack is typically delivered in the form of an unsolicited email designed to lure a user into visiting a web site or to open an attached document. Typically, the link...
Use it or lose it – not just a wild goose chase
Expert Advice
Australian trade mark law provides mechanisms where a registered trade mark can be expunged (removed) from the trade mark register if the mark in question has not been used in the preceding three year period . This ground exists under section 92 of theTrade Marks Act 1995 Cth) (the Act). What constitutes use? The volume of use required to defeat...
Is temping and contracting the ‘new normal’?
Recruitment
Twenty-three per cent of organisations now employ temporary and contract staff on a regular ongoing basis, up from 16 percent in 2009. Estimations vary but the consensus is that around 30 to 40 per cent of the workforce is now a temporary, contractor or freelancer. While non-permanent employees are nothing new, the recent rapid rise in this form of working...
Where to turn for advice on strata matters
Expert Advice
Many readers of this column may be aware that for the last few years I have held the position of President of Strata Community Australia in the ACT. Towards the end of November just past I made the decision to step aside in order to concentrate on other priorities. Reflecting on my years as president over the past couple of...
Why is User Experience (UX) important?
Expert Advice
Steve Jobs once said: design is not just what it looks like or feels like, it is how it works. Every user is different and so is every website or app. In many cases, the engagement and interactivity boils down to one thing; how userfriendly it looks and feels to your users. User experience (abbreviated as UX) is exactly that;...
Directors urged – be wary of ‘out of the blue’ requests
Expert Advice
ASIC has recently written to company directors highlighting the need for caution when contacted "out of the blue" by advisers seeking to assist them in cases of financial distress. Notices of winding up applications are readily available for public inspection. A number of organisations distribute daily lists of such Notices to professional (and other) contacts. A Notice of winding up...
What can XERO tell us about leadership? (Part 2)
Bookkeeping
XERO entered Australian accounting software market seven years ago. They used to be a boutique-sized business; however, they brought a disruptive innovation that has changed the landscape of accounting industry. Software used to be installed in our computers; and accounting data were handled mostly offline from our desktops. When XERO came out, we just loved it. It allows us to...
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