Starting a business is hard. Growing a business is harder. But hardest of all? Surviving and thriving for the long-term. A disruptive idea or a great business model won’t hold up forever in the face of competition, economic shocks or disruption. So, how can your business remain resilient for the long-term? Foster innovation and adaptability Remaining agile and adaptable is...

Navigating the complexities of business tax can be challenging, leading many companies to make costly mistakes. Here are five common errors made by Australian businesses when it comes to business tax and how you can avoid them. Inadequate record keeping One of the most significant mistakes businesses make is failing to maintain accurate and organised records of their financial transactions....

With the costs of business rising thanks to inflation and access to capital tightening, one of the most important priorities for business today is to carve out profitability. Here are some ways you can maximise profit margin and secure long-term success. Optimise costs One of the first steps when assessing profitability is to scrutinise your costs. If you’re spending too...

With record high inflation, it’s no wonder the business community is nervous. In December 2022, CPI was 7.8 – the highest it’s been since the 1980s. Inflation can be a major challenge for business; increasing costs, squeezing profit margins and making it difficult to plan for the future. However, there are strategies that businesses can use to safeguard themselves against...

Mitigating risk in business is a key factor in securing long-term success. This is where business insurance plays an important role. The right business insurance can protect your business from unexpected events and provide peace of mind, knowing that your business is covered. However, with so many different types of business insurance available, it can be difficult to know which...

Business is facing a multi-tiered challenge when it comes to attracting and retaining talent. The competition for great people is stronger than ever, and yet the costs of attracting the best talent through offering higher remuneration or costly perks are out of reach for many. With high inflation and a possible looming recession, most businesses are trying to remain as...