According to Census data in the USA, more than 40% of all small businesses started up for under $5,000. 64% of entrepreneurs in a recent Intuit survey started with less than $10,000. But whether you are starting with a little or a lot of cash, forecasting is essential for any business to survive. All businesses must deal with uncontrollable variables but a forecast will prepare you for the future as much as possible. The main purpose of a forecast when starting a business or considering a new business idea is feasibility.

Not me personally, but this is how Mark Bouris opened his speech last night at the Brisbane Convention and Exhibition Centre. He addressed a packed room of 1,300 people there to heed his insights on generating success in business. His speech also launches the start of his ‘mentored’ program where Mark advises small businesses on how to grow and succeed.

On March 9 in Brisbane, Iron Advisory will be a proud co-sponsor of The Strong Woman Project’s SWP Talks. The SWP was created by Alicia Fistonich and Jill Wescombe in order to create transformation and reframing around the perception and promotion of women in the fitness industry. The Talks provide an inspiration-based event that incorporates sessions from speakers and experts about different areas of mental, emotional, and physical wellbeing. These events serve as forums for ideas, networking opportunities and community building events.

An effective business planning process gets to the heart and soul of your business.

With an early stage business, if you are not meeting a customer need you don’t have a business. Access to customers and their feedback is vital for a new venture or start-up business. If research (however preliminary) shows customers are willing to buy what you’re selling, all other parts of the business can grow from this starting point.

Claiming the maximum amount of deductions allowable is what we all want to be able to do. Working in the health and fitness industry their are some specific claims that you want to pick up in your tax.