Running a business is like raising children: you never stop thinking about it. It can make you feel proud or keep you up at night. There are always decisions to be made and opportunities not to be missed.
You need to look after yourself if you are going to have fresh ideas and be at your best.
Xero recently conducted a study that revealed small business owners spend, on average, 10% of their day chasing late payments. That’s two days a month!
Surely that's too much wasted time – not to mention the detriment late payments can have on a business’ cash flow (which can, and often does, lead to business failure).
To help tackle the issue of late payments, we've got a convenient payment add-on in simPRO Enterprise and Service. Read on!
When considering vehicle, plant or equipment purchases one thing is certain – as a Tradie and Business owner you have already approved the purchase in your own mind, you know why you want to buy it, what it will earn or save you and the risks involved.
Business Owners regularly encounter complex problems in running their businesses. These modern operational challenges rarely demand a one dimensional solution. Often these challenges require the Business Owner to engage one of more members of his or her wider professional team in order to resolve the challenges. For that reason, business owners need to coordinate their professional support teams in a collaborative manner.
As you may be aware, the Fair Work Act places heavy responsibilities on employers, especially when it comes to hiring and inducting new staff. If you don’t pay attention to the details, you could find yourself in hot water. In addition to statutory obligations, there are a number or core “best practice” measures that all employers should ensure are followed when employing a new staff member.
It didn’t take John Libroaperto, owner of L&L Electrical Division Pty Ltd, long to learn that there’s a difference between being a sole trader and a business owner.
First, there was the excitement of getting the business off the ground while staying on the tools. Then the colour-coded whiteboard used to coordinate the jobs got out of control. John realised he needed to step off the tools in order to grow the business and become a businessman.
Meet Michelle. She and her husband have had multiple businesses over the years. Their two current businesses are housed under the one roof. One of which, ABC Embroidery, is running on simPRO. It’s a small operation that may otherwise be deemed too small for a beast like simPRO Enterprise but Michelle has found the software to be a perfect fit for her workflow.
Condamine Electric has had to ride the workload roller coaster just as Stimson Plumbing did when the flurry of work brought on by the gas pipeline in the Surat Basin dried up.
As a result, General Manager of Condamine Electric Alistair Green looked at how to reduce risk to keep the business viable and staff employed. A look at various cost-cutting measures was just part of the equation.
A recent potentially life-threatening incident called for an even deeper look at risk assessment both for the business and for the entire fifty-strong workforce.
Lindsay Coulter began his journey as an electrician. After years in the trade, Lindsay decided he was ready for his next challenge and, in 1983, launched his own security business in Timaru, New Zealand: Allied Alarms.
The company, which specialises in a wide range of security-related services, is now one of the longest running security firms in the country.
Now, directors Lindsay and his brother Peter lead a team of 16.