How to create good habits in business

If you’re like most small business owners, there are never enough hours in the day to complete every task on your list. Often you’re faced with prioritising what you need to do right now – deal with a customer, meet a deadline, attend an event – over the things you know you should do for the ongoing growth of your business. Scheduling time to attend to these business activities on…  Read more

More support for Victorian businesses

The Victorian and Commonwealth governments have announced an additional $400 million in support for Victorian businesses that continue to feel the effect of lockdowns. The package comprises the reintroduction of the Commercial Tenancy Relief Scheme and the establishment of five new support programs: the Business Costs Assistance Program Round Three (BCAP3), the Business Continuity Fund, the Licensed Hospitality Venue Fund, the Small Business COVID Hardship Fund and the Alpine Business…  Read more

Cash Flow Advice for Small Businesses

Solid cash flow management is vital to ensuring your business survives, but not everyone understands what cash flow is or how to manage it. That’s likely what makes it a leading cause of stress for small business owners. In fact, a Capital One study found that 42% of small business owners say cash flow management is a major concern for them. Cash flow refers to the movement of money into…  Read more

How to Build an Effective Financial Plan for Your Business

Every business needs a financial plan. Your financial plan gives you a way to monitor and review your cash flow, make adjustments to your spending, and anticipate any upcoming financial issues. It can also make you more prepared to request funding or find investors so you can bring more money into your business. Although many business owners are aware that financial planning is important, it is often overlooked. Without a…  Read more

5 tips to help you keep construction projects on time and budget

One of the big challenges faced by the construction industry is projects that stretch timelines and budgets. Delayed schedules are so common, they can be seen to be the norm, not the exception. This erodes trust, plans for future projects and ultimately affects your profit margin. So how can your business build a reputation for delivering construction projects on time and budget? Even if you work towards solving just one…  Read more

Managing Field Workers in Your Construction Business

It’s one thing to manage workers when they’re all in the same place at the same time. However, when you run a construction business with field workers, things can get a lot more challenging. Not only are you typically not on the same job site as them, you might also have workers scattered over a variety of sites and projects. Managing them doesn’t just mean scheduling them and making sure…  Read more

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