Building strong relationships with your customers is vital. Sending email newsletters can be an low-cost but effective marketing strategy. Well-designed and written emails can raise awareness of your business and products, boost customer trust and win sales. What are the benefits of email marketing? Many businesses see email as one of their most powerful marketing…
If you have a business, it’s important that you get paid quickly. Creating clear, accurate invoices that are sent out on time can help. Tax invoices also need to meet the requirements of the Australian Tax Office. Here are some tips on how to write a good invoice! What do I include on an invoice?…
Are you keeping an eye on your business’s finances? Many businesses fail to grow because of poor financial management. You should check your finances regularly. And remember to track your original financial projections against your actual business results. Check your financial reports and projections Having up-to-date financial reports is vital. You might do your bookkeeping…
Business Victoria have created a very useful Financial Statements Template. Use it to learn more about the basics of bookkeeping so you can do your own finances, or understand them better. This template can help you prepare a profit and loss statement (P&L), cash flow statement and balance sheet. Find the template on the Business…
Writing a marketing plan can help you develop the best marketing strategy for your business. One of the most important, yet often overlooked, areas for nano and micro business owners is the development of a marketing plan. Creating a marketing plan helps you to plan and execute your marketing strategy. It will also help you…
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…
