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Keeping the business in the family when you decide it’s time to retire is a common decision for many business owners. However, ensuring the change of hand is carried out effectively is seldom done right.
If you plan on handing your business over to your child/children or any other family member, there are specific precautions... more
When it comes to public holidays, business owners have the responsibility of getting it right. Consider the following:
National public holidays
Under the National Employment Standards (NES), the following days are national public holidays:
- 1 January (New Year’s Day)
Creating an efficient workplace is desirable for both staff and business owners alike. Not only does it save money and time, it can also improve productivity and morale.
Here are five ways to improve efficiency in your business:
Examine what is and isn’t working
Identifying your business’... more
Paying super is compulsory for all employers, regardless of whether their staff are employed part-time, full-time or contracted.
With regular changes being introduced in regards to super contributions, it can become overwhelming for employers to remain compliant. Employers are required by law to pay all employees super, provided their... more
There’s no better time than the new year to transform your office into an ecological, environmentally- friendly space.
While there are initial up-front costs of switching to green, the long-term savings will be substantial and you will also be reducing your carbon footprint which is great for everyone!
Consider implementing... more
Knowing the value of your business is critical, especially nearing the end of the year. It allows you to enter the new year with an informed understanding of the business’ worth and potential.
There are numerous benefits of getting a business valuation, including the following:
Understanding your... more
The holiday season is a time in which many employers look to thank their employees for their hard work throughout the year.
Employers will often plan a work Christmas party, or decide to give their staff a Christmas gift to show their appreciation. While throwing a Christmas party is a great end-of-year celebration, employers should be... more
In a perfect world, every customer your business works with will be pleased with how the transaction went and will want to return to you for future business.
In reality, this isn’t always the case. It is human nature that people make mistakes and there will always be circumstances outside of your control that can result in a... more
When business is going well, many owners look to expand their business. Consider the following advice before doing so:
A sound indicator of whether or not your business is ready for expansion is to consider your customer base. To feel comfortable in expanding, you should have regular
In a digital world full of disruptors, change is the new norm. Businesses that fail to keep up with technological advancements and let go of opportunities are essentially kicking themselves in the... more