Buying off the plan
Property
I'm sure you will agree that Canberra has experienced a boon of new apartment developments in the past few years. You don't have to cast your gaze too far to see that this trend is not going to change much in the coming years. With substantial development of the Northbourne corridor combined with the significant precincts marked for further supply...
Self – Mastery and Mindfulness
Expert Advice
There is no shame in seeking 'wise Counsel' as humans we are meant to be tribal. In today's world, there is much disconnection between humans. We are not getting the Touch, Feel, Eye to Eye, contact with each other that we need. These are just a few senses that instil positive human feelings, resulting in clearer decision making. We have...
Facebook vs Google advertising
Expert Advice
Some people say, they have spent money on Google Adwords, but it didn't work for them or someone tried using Facebook advertising for their business and it did not give them any business. I often come across businesses with such issues and I believe the solution is as simple as understanding the advertising platforms better. So, I have put together...
7 Tips for improving your cash flow
Cash Flow Solutions
They say cash is king. Find out how to give yours the royal treatment. There's a golden rule in business: No matter how much you sell, if you don't collect the money, you're going to go out of business. As business owners, we often get so wrapped up in selling our products and services that we forget to take the...
Challenging work and career development will keep your best employees
Recruitment
A competitive salary and impressive work-life balance sound ideal but they aren't enough to keep your best employees. According to our recent survey of 1,516 people, 61 per cent look for another job in order to secure more challenging or exciting work. This was followed closely by a lack of career development (60 per cent). The opportunity to improve salary...
Useful tips for shop owners to mitigate the risk of sales fraud
Bookkeeping
20% of our clients are in the retail & food industry or in a business using a Point of Sales (POS) system. Their daily transactions are composed of 20-30% cash and 70-80% Electronic Funds Transfer at Point of Sales (EFTPOS). Though the level of cash transactions may be seen as low, substantial fraud can often take place in cash transactions....
Consumer law and order: manufacturers victims unit
Business Law
In the Australian Consumer Law, the people have remedies against two separate but equally important groups: the retailers, who sell the goods; and the manufacturers, who produce the goods. This is the manufacturer's story. Last month I wrote about consumer guarantees - the rights and obligations of retailers, but the story for manufacturers is different, and their liability essentially stems...
Speed kills the bottom line
Expert Advice
Yes, speed kills - the difference is that it's the other way around for the websites. A slow loading website is most likely reducing your conversion rate, hampering your search engine ranking and in essence affecting your business revenue and bottom line. In this article, let's talk about the need for speed in the digital world. 1. Why is speed...
Mediation – Keep the decisions in your court
Expert Advice
Have you ever heard there are two (2) sides to any story? Metaphor: When you board a plane from Sydney to New York, the pilot knows his/her destination point and the route to get there. Over the course of the flight the plane will endure many environmental influences along the way e.g.: wind, rain, other aircrafts, restless passengers etc… the...
Special Levy or Strata Finance? the answer is not always straight forward
Property
"Cash is King" is an expression I have often thrown around in relation to property matters. No doubt I picked it up from an early mentor of mine who also fancied the mantra. However catchy a line it may be, the principal behind it is by no means universal. When it comes to funding major works within a strata building,...
Avoid a fail grade: integrated temporary employees make powerful brand advocates
Recruitment
The rapid rise in the use of temporary and contract assignments has seen a blended workforce become the norm in many industries and sectors. But the success or failure of this arrangement often comes down to how well temporary and contract employees are integrated into a team. The very nature of this form of employment means that temporary and contract...
Trade Mark Examiner Adverse Reports – not necessarily fatal to your application
Expert Advice
After a trade mark application is filed it is examined by a Trade Mark Examiner. All trade mark applicants hope to get a "clear" Examination Report. This enables the application to be advertised as accepted. However, many applicants receive an Examiner's "adverse report", leaving some to think the application is "dead in the water" (not automatically true) and others wondering...
A $23 million mistake! Take care with the PPSA
Expert Advice
The Personal Property Securities Act 2009 (PPSA) has been in force for a little over 5 years and cases still emerge where either a lack of understanding, or a lack of attention to detail, cost the owners of goods significant sums of money. In the recently reported case of Alleasing Pty Ltd v Onesteel Manufacturing Pty Ltd (Admins Apptd), the...
Five common business hurdles
Cash Flow Solutions
Owning a business takes a huge amount of energy and drive; growing a business takes even more. We work with many businesses across a variety of industries and time and time again, five key challenges crop up: Overexposure… Keeping client business at a safe percentage of total revenue is a challenge for many businesses. Developing a healthy number of regular...
20,000 complaints – but is the customer always right?
Business Law
On 3 January 2017 the ACCC released statistics that more than 20,000 shoppers complained about 'consumer guarantees' in 2016. With Christmas presents now unwrapped and gift cards spent during the stocktake sales, if a good is faulty what obligations do businesses face? The Australian Consumer Law imposes non-excludable consumer guarantees on the sale of goods and the provision of services;...
The important role of CFOs in Not-For-Profit associations sector
Bookkeeping
Recent changes in government policy have resulted in substantial impacts on the Not-For-Profit (NFP) association sector. Government grants to NFP associations are expected to decline, contributing to the resourcing pressures for many NFP associations in Australia. Financial resources from memberships, donations, and government grants were core funds used to sustain NFP associations for many years. However, the concern in the...
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