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Dan Cadieux, Bookkeeping - Virtual CFO - BAS Agent at Accolution Pty Ltd
Hey @Eloah Paes Ramalho you can always switch accountants, but as with everything there is usually a bit of "pain" (time, energy, etc.) associated with the move - so with some planning you can minimise the discomfort. No doubt if a business grows large, they will switch accountants because the advice and support needed when your busineiss is doing $500,000 in sales is very different than when your business is doing $10 milliion in turnover.
Determining which bookkeeper or accountant can grow with your business requires you to envision what your business will be like in the future (next 3, 5 or 10 years) and evaluate if they have experience working with companies of that size in your industry.
I think you have the same problem a lot of people who work from home have: you don't treat it like it's work from the office.
Basically, that's the first thing you need to do: treat it with the same respect as you would an actual 9-5 job.
Get up early. Eat a hearty breakfast. Grab coffee. Get yourself in front of your desk and begin chipping away at your tasks.
How about dinner and the dog and the dishes? Get a nanny or someone to help you with the chores. If that's not possible, get your work done...and when you've accomplished the work-related tasks for the day...that's when you do everything else.
There's a lot to be thankful for, when you work from home (not being suck in traffic is a huge plus), so make sure you do a great job at keeping your work from home boss/clients happy.
If you want to know a bit more detail about how I succeeded in working from home for more than a decade, just drop me a SavvyMail.
Hope that helps.
Anthony Lieu, Lawyer at LegalVision
Hi Luke,
Generally, our suggestion is that an invoice should be addressed to the individual, since they are the legal entity. Where that individual has a registered business name, an invoice can be addressed to the individual trading as the registered business name. Meaning, it would appear as follows: [individual's name] t/a [registered business name] ABN [#].
Kind regards,
Maya
Ossiana Tepfenhart, House Writer at Empire State Crew
So, let's start by talking about what "opt in" versus "opt out" means. The key difference between opt-in and opt-out email marketing is all in the signup. From there, we can talk about the pros and cons of each.
Opt-in means that the default option is that you are not opted in. So, you have to check a box or submit an email address to get signed onto the mailing list. Opt-out means you have to uncheck a box that appears pre-checked to avoid getting on a mailing list.
Now that we've gotten that underway, let's talk about the main bullet points...
Yee Trinh, Cofounder at SavvySME
I believe we've used both? I don't recall which was better. One has better templates than the other? I think they're both top of the game though and competitive. Don't think you can go too wrong either way.
Kealey Nutt, Director at Eleven & Twelve
Thanks Phil. I've always wondered what the advice is. Surely not every great campaign idea came from a request made by the company! Some unsolicited ideas must have made their way through at times!
Richard Chalmers, Owner at Tailoredseo Pty Ltd
Semrush has a better index and data compared to Raventools. If you are doing keyword analysis, I would recommend using multiple different sources to get as much data as possible. This for example would mean a combination of SEMRush, Google Search Console, Answer the public, manual searches through Google/Bing etc
Jef Lippiatt, Owner at Startup Chucktown
Risk can not be completely eliminated. It can only be mitigated. As entrepreneurs we should be hyper-aware that risk is a constant as well as a variable. Consider that without risk there is no need to be an entrepreneur, but being an entrepreneur carries its own risks.
This is truly a loaded question. Steven diversification above and he is correct, but that needs to be seen in more detail (I'll circle back on this below).
Richard you have made some interesting suggestions, but they have risk as well. Take Intellectual Property, sure there is a reasonable expectation on return, but consider the cost to achieve the IP, just because you've secured IP doesn't mean it creates a product people want or need. Even if it leads to a product people want, it won't last indefinitely. The same is true of writing and selling a book. What if you spend all that time and money creating the book and no one buys it? What if the book sells well for a while, is that rate of sales sustainable? There is still risk involved.
Diversification is the only way to truly minimize risk. I speak of true diversification, not in the sense of a Monetary Portfolio. This is what successful diversification looks like to me:
The primary job is consulting. This leads to an offshoot of paid speaking engagements. The added visibility leads to writing and selling a book (while still consulting and doing speaking engagements). The book surfaces the opportunity to do training workshops (helping others gain your skills not applying your skills to clients, but still doing all of the above). The added projects have brought additional revenue. You decide to invest your extra revenue. You split your investments across Stocks, Bonds and Cash. You continue doing all of the above and decide you want to buy part or all of a related business but leave them to operate on your own. Now that you have all that going you realize you don't have as much time to do all of the above, so you cut back on training and open up an e-commerce store to sell whitepapers, training guides (CDs/DVDs) and other related material.
This could continue on and on. The idea is that you are truly diversified. Sell services, digital products, physical products and be in different industries and verticals so that lows in one market are offset by another.
I will say it again, risk can not be eliminated. It can only be minimized. The biggest risk is not taking any. Life is always changing so you must plan to adapt constantly.
Tom Potter at pottercorp
probably introduced more capital to grow harder and faster /however the main key point was to have a major point of difference which we had up until I sold the business
Neil Steggall, Partner at Wardour Capital Partners
One of our long term clients buys from China on a frequent basis and in relatively small orders. They have built an excellent long term relationship with an independent local buying agent who places orders, supervises quality and shipping (usually by mail) and advises on new products emerging.
This is both cost effective and efficient
Amanda Hoffmann - Certified Bookkeeper, BAS Agent, Owner / Manager ★ Certified Bookkeeper ★ BAS Agent at My Office Books - Virtual Bookkeeper & BAS Agent
When you are content with the amount of time vs financial gain that you return.
In my case, it's using the profit to buy assets that give me a passive income.
This in turn gives you choice.
Partner at B+I Lockwood Accountants
Top 10%
Queen Bee/CMO at Marketing Bee
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Partner at Wardour Capital Partners
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