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Turn Your Hobby into a Business – Step 2: Business Name

Following on from our overview of how to turn your hobby into a business, let’s look in more depth at the second step: the Business Name. Have you decided on a Business Name? The name of your business is the identity of the business, and every business needs one. It...

Turn Your Hobby into a Business – Step 1 Business Plan

Following on from our overview of how to turn your hobby into a business, let’s look in more depth at the first step: The Business Plan. So, you’ve decided to start your own business! Yippee! You’ve weighed the risks and decided this fits your flexible life goals,...

6 Questions To Ask Before You Turn Your Hobby into a Business

So your hobby is taking off faster than Pokemon Go! Okay, maybe not that fast – but you are battling to keep up with orders from Great Auntie Sheila and Uncle Bob, and are thinking about taking the plunge and turning your hobby into a business. So what is the...

Proudly South African in Australia – Down Under, Now What?

Moving countries is one of the toughest hardest decisions you will ever make. Leaving behind family, friends and everything that is familiar – I remember feeling so totally overwhelmed on my first grocery shopping experience. I was feeling quite chuffed that I found...

Nomination for Aus Mumpreneur Award

We are delighted to be nominated for an award in the AusMumpreneur awards!! Mumpreneur is Australia’s #1 Community for mothers that are also entrepreneurs. These are mums that are creating freedom, flexibility, family time, success and the money for themselves and...

Every Thing You Need to Know About Cash Flow Levers.

Cash flow is simple – money comes in, and money goes out.  A positive cash flow (which simply means that you have more cash coming into your business than going out) is critical for the longevity of your business.   “Poor cash flow management” is cited as the reason...

Top Tax Tips For EOFY 2017

We have well passed the three-quarter mark of the financial year, and we are racing down towards the finish line. Now is an opportune time to take this a extrapolate your numbers to date for the year, and consider your profit and tax position for the year.  Once you...

Why should I use a Registered Tax Agent

TAX TIME: Should I DIY or should I engage a professional accountant and tax agent to get the job done? So, the million dollar question – do you do your own tax return, or do you engage the services of a professional? There are pros and cons to both options. As a...

When is closing your business the right choice?

According to the Australian Bureau of Statistics, more than 60 percent of small businesses cease operating within the first three years of starting. But what exactly is going wrong? The Australian Securities and Investments Commission released a report into corporate...

Contractors v Employees Legal Rights

I have hired a contractor. Yippee. I just pay their invoice – Right?  Wrong … Contracting is a well-known and often used alternative to the traditional employee / employer relationship.  A contractor can be engaged directly as a natural person, through a trust,...