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Entrepreneurship is one of the biggest responsibilities to manage. It can be chaotic and satisfying at the same time. Many passionate individuals with big dreams work hard to realise their entrepreneurial goals through start-ups or purchasing an established business. However, others restrict themselves to making plans that do not materialise because they are scared of… Continue reading Debunking Myths About Entrepreneurship
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Business owners must increase their financial knowledge to ensure effective capital management and a positive cash flow. One of the significant parts of utilising funds is making sound investments that generate rewarding returns. However, they must be measured to calculate the rate of return and determine their viability. The assessment ensures that if the investment… Continue reading What is ROR (Rate of Return) in Business: Complete Guide
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Small businesses have a challenging path to tread because of their limited resources. They have to work their way to the top without the availability of abundant funds, talented managers and mentorship from veterans. In the initial stages, these entities must spend copiously on branding, marketing, and customer acquisition. They reach the position of stability… Continue reading Latest Small Business Trends to Adopt in 2024
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Small businesses are vulnerable to various internal and external threats. However, the most talked about risk in the current scenario is from hackers specifically targeting small entities. Digitalisation has ensured that all the data is stored on computer systems, which makes it easy for hackers to break into systems and steal confidential information. Data leak… Continue reading 10 Essential Cyber Security Tips for Small Businesses
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Franchises are among the most prolific businesses in Australia. They have grown in popularity, market size and numbers over the years. Many aspiring entrepreneurs prefer franchise ownership over starting up because they get to own an established venture with plant and equipment. In addition, it comes with advantages like high brand recognition and growth opportunities.… Continue reading How To Sell Your Franchise Business Successfully
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Change is inevitable because nothing is constant in the world. Businesses have to operate in an ever-evolving environment that can be uncertain and create a lot of unpredictability. However, entrepreneurs are conditioned to face unexpected events that can make their plans go haywire. This is why they maintain cash reserves and have contingency plans in… Continue reading Strategies For Dealing With Change And Uncertainty In Business
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As 2023 ends, it is time to gear up for the holiday season. While most businesses prepare for big sales, few are concerned about planning for the New Year. It is vital to take up planning because it marks the beginning of a new season with new offerings and aspirations. The end of the year… Continue reading How To Prepare Your Business For The New Year?
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Small business owners are loaded with responsibilities. Striking off tasks related to tax planning and reporting from the to-do list is a big respite for them. However, to stay on track, they need to know everything about the regulations that affect their tax bills. A slight miscalculation can incur penalties from the ATO, or a… Continue reading Navigating Tax Regulations for Small Businesses in Australia
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Technological advancements are taking place every day, and path-breaking products are changing how industries and businesses operate. Whether it is the advent of AI, Machine Learning or Blockchain Technology, everything is taking businesses towards automation and data-driven processes. It has revolutionised buying preferences, customer expectations and service delivery processes. It is the need of the hour… Continue reading 9 Reasons Why Technology Is Important In Business
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Every commercial entity aims to generate profitable results and carve a niche in the cluttered market. However, small businesses have limited employees and infrastructure constraints that reduce efficiency. They need to use their capital sensibly to increase sales while maintaining a positive bottom line. It requires budgeting effectively to invest wisely and gain the maximum… Continue reading How To Create A Small Business Budget
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