Having succinct yet comprehensive employment contracts is an important consideration when starting or streamlining a business. A recent decision in the New South Wales Court of Appeal is a reminder for businesses throughout the country. It has emphasised the importance of ensuring that bonus provisions in contracts of employment properly reflect the intent of the […]
Asset rich individuals and business owners need to take stock of their particular circumstances and take time regularly to review how their assets are held. Individuals should aim to hold their investments in ways that protect assets and are tax effective. This strategy requires a three- pronged approach to: 1. Minimise tax exposure 2. Isolate […]
In today’s volatile economy, businesses need to attract customers with more than just traditional media strategies to get them in the door and keep them returning. Now is not the time to be reducing the marketing budget. More than ever, it is important that a brand is not forgotten. A clever marketing strategy can save […]
Are you a leader just because you run a small business? No. But you need to be. The role of leadership in business is indisputable. Great leaders create great businesses. Mediocre leaders create mediocre businesses. Without business leadership, a business will circle around aimlessly until it eventually runs out of power. For a business to […]
Maslow’s Hierarchy of needs is a framework of human motivation based on his own clinical experiences as a psychiatrist. It is used by modern leaders and executive managers around the world to find means of motivation for employee and workforce management. The basis of this theory is that human beings are motivated by unsatisfied needs […]
As long as employees turn up to work and complete tasks, that’s all that matters right? Wrong! Smart employers will consider the emotional well-being of their employees and implement strategies to ensure that company morale is high. Happy workers are more likely to produce results, take fewer days off, and stay loyal to the company. […]
‘They are lazy, selfish, overpaid, arrogant, spoilt, demanding and over-confident!’ Although this is the stereotype that many business owners have built up, the group of workers aged between 15 and 31 are becoming the most prominent demographic in the workforce and preparing for and gaining and understanding into the Gen Y group will prove beneficial […]
Renowned American businessman Harold Geneen once said that uncertainty will always be part of the taking charge process. So far in 2011, we’ve witnessed the unfolding of quite a number of unexpected natural events around the globe. From the devastating floods in Queensland and Victoria, the frightful bushfires in Perth, the earthquake in Christchurch, and […]
Social media and your team Social media allows every comment, word, thought, and rant of an individual to be accessible to the world. Everyone can have a say and much of what is said is often given credence regardless of the source or weight of evidence. At its best, social media gives every David a […]
If you’re selling your business, the CGT small business concessions have the capacity to reduce your capital gains tax liability to $0. Understandably, the tax savings that can be achieved make the concessions very popular with business owners. However, the extent of the tax savings also means that the concessions come under close Tax Office […]
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