How to Find the Right Business Partner
A business relationship is one of the most significant connections in your life, so getting the right partner makes a material difference to your best business outcomes. There are a few boxes to tick on any potential business partner to ensure your professional relationship is a long and successful one. We’ve put together 5 things to look for in your ideal business partner.
4 Ways To Increase Revenue
If you want your business to make more money, there are only 4 ways to increase revenue: increasing the number of customers, increasing average transaction size, increasing the frequency of transactions per customer, and raising your prices. Understanding the 4 ways in which to increase your revenue can be helpful in deciding how and where to focus your efforts in building your business. So let's jump into it!
6 Systems Every 6 Figure Business Owner Needs
We've said it before and we'll say it again, the systems and processes you have in place are KEY to scaling and growing a successful business. Whether you are a solopreneur or run a growing business, having the right systems and tools in place can help you effectively and efficiently run your business. Poor management has led to the failure of countless small businesses. Here are the 6 systems you NEED to build a successful, long-term business.
The Importance of Knowing About IP When Starting a Business
This got us thinking about the importance of knowing about Intellectual Property (IP) in business, and the key considerations when structuring a startup. Unfortunately, this is something many businesses overlook when first getting started, but it’s crucial to get right in order to retain value in the business and ensure its growth. Here’s how and why you should protect your startup’s copyright, trademarks and patents.
Sole Traders - How And Why You Need To Start Contributing To Super
Not paying your own superannuation is cheating yourself out of future earnings and lowering your own value in your business. Plus it can have a serious impact on your retirement down the track; you may have to work beyond the standard retiring age, or you might find it difficult to make ends meet once you do retire. You can avoid this scenario by planning ahead. And the sooner you start planning, the more time you’ll have to grow your retirement fund. Here are a few tips on paying superannuation as a sole trader.
How To Comfortably & Confidently Increase Your Prices
The subject of increasing prices tends to make people feel uncomfortable, but if you’re running a business, there will inevitably come a time when you need to raise your rates to better reflect the value of your services. Having a plan in place will help you to feel more confident when communicating the increase in price to your clients, and ultimately keep them on as customers. Here’s how to comfortably & confidently increase your prices.