Tag: business strategy

Preparing your team post Covid to come back stronger in 2022

There’s no denying that the onset of Covid-19 has led to some dramatic changes to the way we work. Whether you’ve had to learn to operate as a remote workforce, gained your black belt in time management due to the constant juggle of work and home school, or if you’ve had to reposition your products or services for new markets due to ongoing restrictions. These are just some of the challenges our workforces have been faced with over a long couple of years.

Keep Score and Drive Performance in your Business

The scorecard becomes the marching orders of the organisation, a simple set of metrics that gives clear focus and direction of the business.  Despite it being over 20 years since the BSC was first devised, this remains a powerful tool to have in your business toolbox.

Does your Pricing Strategy match your Business Strategy?

Is a ‘cost-plus’ pricing strategy the best for your business?

There are many pricing strategies and the one you select should align with your greater business strategy. Get to know which option suits your goals best.

How to choose the right KPIs for your business

As a business owner, it’s critical to have a good understanding of how your business is performing. After all, keeping a close eye on the health of your business is how you’ll determine whether your current strategies are working, or if you need to adopt new ones. Key Performance Indicators (KPIs) are metrics that will help to determine this.

Which Business Structure is right for you? Trusts explained

Determining your business structure is one of the first decisions to make as a new business owner. And it’s also one of the most important. Each structure comes with its own set of benefits and liabilities. So, understanding how they will impact you day-to-day is key to building a solid foundation for your new business.

Is a Partnership Business Structure right for you?

A Partnership business structure is made up of two or more people or entities. Most small business Partnerships are what is termed ‘General Partnership’ – this means that all of the partners are equally responsible for the management of the business, and each has unlimited liability for the debts incurred.

Is a Trust Business Structure right for you?

A Trust business structure is where there is an obligation imposed on a person (Trustee) to hold property or assets (such as business assets) for the benefit of others (Beneficiaries). The trustee is legally responsible for the operation of the Trust and you may have a company act in this role.

Is a Company Structure right for your Business?

A company is a form of business structure. It is an entity that has a separate legal existence from its owners. This means it has the same rights as a person and can incur debt, sue and be sued.

Is a Sole Trader Business Structure right for you?

Sole Trader business structures are quite easy and inexpensive to set up. As a sole trader, you are personally responsible for all of the operations (including debts) of your business. You also pay tax personally on the profits at your marginal tax rate.

2016 Tax Planning Tips

Tax Planning Tips for 2016! Find out how to minimise your tax with a few easy steps.