Business Finance

Many people dream of quitting their nine-to-five jobs and working on a venture that they are passionate about.  A significant number of Australians have taken the first step towards achieving this by taking on side jobs in their spare time. According to the latest figures, over 1 million Australians have taken on “side hustles” or […]

Running your own business can be a solitary game. The buck stops with you, and sometimes it seems there are few to who you can turn. There isn’t a team of others to consult with for advice or support. In the current uncertain environment, not having a clear path can be daunting. I know this

I have previously spoken about the secrets of success according to Bill Gates. One of those secrets was to take massive action. The action of any kind is essential in creating the outcome we seek, both in our personal and our business lives. Sometimes taking massive action can be just too daunting. Taking action leads

In today’s modern business landscape, small and medium enterprises (SMEs) are the backbone of the economy. However, lost amid the grind to balance books, meet customer demands, and stay afloat, there’s an often-overlooked factor: prioritising mental health. The wellbeing of both business owners and their employees is paramount, not only for personal happiness but also for

Have you ever wondered why some people seem to make better financial decisions than others or why some investors consistently build wealth while others get stuck making the same costly mistakes? It’s easy to blame external factors such as market downturns, interest rates, or bad luck. But in my mind, the biggest may be you!

No one ever sets up a business with the intention to fail. Rather, entrepreneurial types are motivated by a multitude of factors such as personal drive and ambition or a desire to work for themselves or to create a particular product or service. Sometimes it’s as simple as wanting to be in charge of our

Attracting ideal customers is not easy. It demands a laser focus. Andrew Griffiths shares five ways to define precisely who your ideal customers actually are, and attract more of them. If you’re anything like me, when you first started to build your business you were grateful for any customer who walked through the door (or

It’s a risky business being in business for yourself, so knowing how to identify and manage risk is an important part of running a thriving business. Anything that impedes a company’s ability to achieve its financial goals is considered a risk, and there are many issues that have the potential to derail a successful business.

Start your business right There’s a lot to know when you become self-employed. The best way to protect yourself from surprises is to plan ahead. Setting yourself up properly — legally and financially — is key, leaving you to get on with your business. Manage your cash flow Many self-employed people earn a good living.

According to the Bureau of Labor Statistics, about 20 per cent of small businesses fail within their first year and only half make it to their fifth year. Two of the biggest reasons why small businesses fail stem from money: insufficient capital and unchecked cash flow problems. Some business owners and entrepreneurs apply for business loans in order to meet the costs

If you’re looking to eventually develop financial freedom by building a substantial property portfolio, it’s crucial to understand the importance of running two distinct “businesses” to ensure you attain your goal of having a significant portfolio. I’m sure you’ve heard that 92% of property investors never get past their first or second property, and there