Identify your customers to help target your marketing messages. Marketing is essential to any business, including micro and nano businesses. It tells the world who you are and helps to define your purpose. Using simple marketing tactics can help you promote your product or service and reach your target market more effectively. Strategic marketing will…
Choose the right online marketplace and create listings that make sales. A large number of micro businesses sell their goods and services online. Some business owners sell through their website. Others might sell on one or more online marketplaces. There are many online marketplaces available, including Made by Many Hands. They offer micro business owners…
Starting and growing your business can be very challenging! Getting professional advice can really help to get your business venture off to good start. Business advisers can: Business Victoria advice programs The Victorian government offers a number of support programs to help you get the knowledge and skills you need to get your business of…
Starting and growing your business is a challenging task. As a new business owner you won’t know everything when you decide to set up your business. And there are always things to learn! Getting professional advice can really help to get your business off to good start. Business advisers can: What is a business adviser?…
At what point does a hobby become a business? It’s important to understand whether your activities are classified as a hobby or a business for tax and legal purposes. What is a hobby? A hobby is activity or pastime you do for reasons enjoyment, relaxation or to develop skills. Your activities may start as a…
A cash flow forecast is the most important business tool for every business. The forecast will tell you if your business will have enough cash to run the business or pay to expand it. It will also show you when more cash is going out of the business than in. Our cash flow forecasting template…
