Julian Smith blogs about how vital it is for a business to have money in the bank.
“While Aussie businesses are definitely starting to get the right attitude, we’ve got a lot of ground to make up. Post GFC, the average small business owner is saving $1.27 for every dollar spent – but there are still many who don’t have any savings to fall back on at all.”
With the Federal Government’s October Tax Forum kicking off soon, a new study by MYOB found 71 percent of local business owners want the Business Activity Statement (BAS) simplified and 76 percent want GST rules reviewed. In light of this, MYOB has released an online petition for business owners to send a clear message to the government to introduce legislation that makes life easier for SMEs.
One in three SMB owners are positive about their ability to maintain a work/life balance, with many seeing success as finding a balance between making money and retaining a lifestyle.
Julian Smith blogs about the importance of face-to-face networking in the business world.
“Glancing around the convention… it reminded me of the one downside of the rise of the online revolution. The loss of face-to-face interaction. We’re getting better at tweeting and worse at networking.”
Julian Smith blogs about how Australian business owners are failing to find the ideal balance between work and the rest of their lives.
“While technology might be making things easier for Australia’s two million small business owners, it’s also blurring the lines between work and personal life. Gone are the days when computers were turned off at 5pm every evening.”
MYOB’s Julian Smith looks at using PR to collaborate with the media to ensure your business reputation remains intact.
“Making an announcement, responding to an issue or even telling your tale to the press can be a daunting task, & it’s easy to lose control of the situation…”
Bain Capital has signed a definitive agreement to acquire MYOB Ltd for an undisclosed amount of money, from the consortium led by Archer Capital which acquired the business in February 2009.
Julian Smith asks if you’ve given thought to whether you’ll be employable should your business fail.
“The important part to remember is that in the wake of every business failure is owners needing to head back to the workforce they left behind. This surprisingly, isn’t as easy as it seems.”
Julian Smith looks at how Channel 10 should have used Twitter following its controversial decision to split Sunday night’s MasterChef final in half.
“While you can’t completely reputation-proof yourself, you should include disaster planning as part of your initial social media strategy to save time and reputation…”
Julian Smith looks at the business lessons that can be gleaned from outdoor wear retailer, Kathmandu.
“In a market where the big players such as Myer and David Jones are continually downgrading profit projections, how did Kathmandu do it?”
