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Katherine Hawes, Solicitor at Digital Age Lawyers
This is a scenario that I go through with my clients all the time.
it is just as much a commercial decision as a legal one.
There are a number of factors to consider:
1. Your time and money - plus the emotional cost
2. Whether the other party has funds to pay a judgment
3. Strength if your case as opposed to the offer of settlement
Liam Shorte, Director, SMSF Specialist Advisor & Financial Planner at Verante Financial Planning & The SMSF Coach
Self Employed or small company owners can double dip on the concesssional contribution limit?
The taxpayer could have $25,000 concessional contributions made during the year, then make an additional $25,000 in June, enabling a $50k tax deduction. $25k is allocated to the member in the current financial year, with the $25k in June taxed within the fund, but the allocation not occurring until the following financial year (before 28 July). you need to be aware amounts to be held over for the 2013/14 year means you cannot make a further contribution next year unless you engage the same strategy.
Talk to. SMSF Specialist about this strategy as they will have work wih your tax agent ad ATO's system not up to speed and tax agent will need to follow a procedure.
Liam Shorte , Director, SMSF Specialist Advisor & Financial Planner at Verante Financial Planning & The SMSF Coach
This strategy is really only available to SMSF owners but check with your Super Fund. Also For those over 60 there is an option to boost this strategy a further $10k
Hamish Anderson, Founder and Director at Mesh Consulting
The constructs around interaction need to be the same in the online world as the offline. Many people fail to remember this and as such squander opportunity online.
For me, the best results come from 3 key words:
James Huy Vuong , at Your Accounting Partners
Agreed Hamish Anderson - customer loyalty should be built same way as you would online offline.
Hatty Bell, Executive Assistant at Country Road Group
Do you have any experience/thoughts on this @Marguerita Cheng ?
Samantha Goodman, Marketing assistant at Handy Cleaners
When you start a domestic cleaning business, it's likely you'll do much of the cleaning work yourself, with the opportunity to hire experienced and skilled cleaners and take a step-back later on. Having the state-fo art cleaning equipment is the best way for you to gather some new, repeat customers. You can always count on your friends aand relatives to suggest your cleaning to business to their colleagues at work, and, suddenly, you have a lot more jobs to do.
Carol Jones, Owner at Interface Pty Ltd
Greetings Paul from rural Australia,
My partner and I have developed several websites on our own. With no technical skills others than those learned during the development of each site.
The first site we built was in 2006 using Microsoft Front Page.
But now we use Wordpress. And our current site uses a Genesis Framework Theme called Metro Pro.
We opted out of using a third party to develop the site because of two factors.
The high cost.
And the lack of control you have for changing what they call 'trivia' when someone else is building your site.
Our online business is our sole source of income. And we're very fussy about how it looks. And what it says. About us. To our customers. Hence we're control freaks!
There are so many tutorials online about how to develop a site. Especially if you're using the Genesis Framework. And we were able to do it ourselves because of the forums. And tutorials about every subject we wanted to know something about.
As someone who's been through this more than once, I've learned to be more disciplined about how I approach a new site.
The first thing I do is buy a 96 Page Exercise Book from the newsagent. And write down the steps to every change I make. Tedious? Absolutely. But in a week you won't remember what you've done. And if you want to change it again, the notes are better than starting from scratch all over again.
I filled half a 96 page book with instructions on how to do things for our new site. And it's dog eared from use.
Second.
Wordpress is easy to use. But. It's NOT a secure platform. And is easily hacked.
But there are steps you can take to make sure it's safer.
When choosing your username, never use admin. Every hacker can enter your site with the word admin. And never use a combination of your url or site name. Hackers can figure that out, too. Make sure your username is totally unrelated to your site. And complicated.
Ditto for your password. I have a 15 digit password with letters, numbers and symbols. I don't remember it. But it's in a safe place and if I ever need to use it, I can copy and paste it in.
This is the link to our site. http://www.interfaceaustralia.com/wordpress/
I hope this helps you.
Best wishes,
~Carol Jones, Ironing Diva❤
Purveyor of The Fitz Like A Glove™ Ironing Board Cover And Other Goodies
350,000 customers. In 29 countries.
Stephanie Gobraiel at Virtual Associate Services
Working on your business is just as important as working in your business, ie client work.
Having a strategic plan which is high level, then that could be broken down into goals then breaking down those goals into chunks makes anything achievable.. That includes upskilling, implementing or improving processes, business growth and more.
Even if you have one goal per month and your achieving it, that's counted moving forward and making progress in business.
Hatty Bell , Executive Assistant at Country Road Group
Thanks @Stephanie Gobraiel - great to hear your insight
Lauren Hutchin, Founder/ business manager at My Marketing Friend
Hi there,
Like John mentioned, it really does depend on your business.
Themes like Valentines Day are predominantly suited to businesses that directly relate to gifts and activities a consumer would purchase or be involved in specifically for Valentines Day. Examples of business who would benefit by engaging in marketing activities based around a Valentines day theme would be:
-Florists
-Chocolatier/sweets company
-Overnight stay venue
-Restaurants
-Jewellery stores
For marketing to be successful you will need to have a specific goal.
If I had a florist, I would advertise my business widely and make my business top of mind for when Valentine's Day approaches.
How? Again, depends on your business and your market. Think of ways to stand out and don't get lost in all of the advertising clutter.
Feel free to reach out for specific help!
Steven Brown, Chairman at Etienne Lawyers
The ASIC sit is great. Very helpful and to a degree user friendly.
You can also undertake courses. Courses such as a Masters of Applied Finance, or diplomas through FINSIA.
Amanda Haynes, Marketing Manager at Ganttic
It's a bit difficult to recommend some specific tools. Primarily because "the best" and "most easy-to-use" aren't always synonymous. Are you looking for certain features or a specific category of tool?
Some things to keep in mind. Productivity tools is a pretty broad category that usually consists of the following types of software:
Most likely you'll need a combination of at least some of these to be the most productive. We had a really great guest post on our blog by a small business owner, Ayomide Joseph, where he lists specific use cases of his top 10 favorite free business tools: https://www.ganttic.com/blog/10-free-business-tools-for-startups
It breaks down these categories and offers some nice insight for other business owners.
Also be on the lookout for specific features. Because certain things can make or break the way you use these tools. Here’s a few software features that increase productivity:
Shareability - Depends on the tool, but you should think about who needs access. Is this mostly for management? Or are you creating something that needs to be shared with your team? Or even amongst outside entities, such as clients or freelancers? Whoever needs access, the issue then often comes back to price.
Use - How is it deployed? And how long will set-up take? Cloud-based is probably your best bet. It’s quick, easy, and can be accessed from anywhere. Especially since remote work won't be going away anytime soon. And even when we do return to the workplace, it's likely there will be many who implement a more hybrid approach with some people working remotely while others remain in the office. So not only do you need something that can be accessed remotely, but you also need to consider how it can help with the management of new ways of working.
Integration - Because you (probably) won’t be using just one piece of software, it’s better to connect your tools together. Not only does this cut down on the time of manually transferring and reproducing data, but it cuts down on human error. Many tools come with native integrations, but also keep in mind aspects such as APIs or Zapier accessibility. That way, as you grow as a business, you’ll have the option to sync your new tools down the line.
At the end of the day, the best productivity tools boils down to your individual needs. More expensive isn’t always better, but it’s also not the best idea to cut corners on something that you need everyday.
Hatty Bell , Executive Assistant at Country Road Group
Thanks @Amanda Haynes . It's worth looking at your business as a whole and seeing what you need
Steve Osborne, director at Stephen Roger Osborne
Hi Yee
Because SquareSpace is a self-managed, or DIY platform, I'm guessing your plan is to be very "hands-on" in the site building process. You probably want the ability to change designs and page layouts on the fly, and see alternatives before making a final decision.
If your intention is the opposite – to have it all done for you – there are other development/platform choices better suited for your needs.
So, assuming the former, I suggest you manage the process by engaging someone at an hourly rate, rather than a flat fee. And you do your work face-to-face, at the same location. That way, you can see what is required to bring your ideas for the site to life. You will learn as you go, better equipping you to build or adapt the site in the future.
Your investment may be relatively considerable up-front – say 10-20hrs @ $50/hr – but quickly taper off as you become adept with the tools.
Think of it as an investment in your own professional development. Hope this helps.
Co-Founder at CreditCardCompare.com.au
at Perris Knightsbridge Chartered Accountants