ARTICLES
How Startup Coaching Can Help You Avoid Common Pitfalls
Launching a startup is thrilling, but it’s also filled with challenges. From managing finances to building a team, there are countless decisions to make, and it’s easy to fall into traps that could set your business back.
What is ServiceM8 and How It Can Transform Your Business?
Running a business involves many moving parts, from managing jobs to handling invoicing and keeping customers in the loop. With the right tools, however, these day-to-day tasks can become seamless, giving you more time to focus on growing your business.
5 Common Challenges Faced by Small Businesses and How Consulting Can Help
Running a small business is often a balancing act. While the rewards can be great, significant challenges can stall growth or even threaten the business’s future. However, understanding these challenges is the first step to addressing them effectively.
Business Coaching vs. Consulting: Which Is Right for Your Business?
When it comes to improving your business, external support can make a world of difference. Whether aiming to scale, streamline operations, or develop leadership skills, you may consider hiring a professional business coach or a business consultant. Both roles are
Empowering Your Workforce: Navigating New Protections Against Domestic Violence
The recent amendments to the Fair Work Act under the Closing the Loopholes legislation introduce vital protections for employees affected by family and domestic violence. These changes expand the general protections regime, prohibiting discrimination against employees facing such challenges. For
Cairns Wage Recoveries: A Wake-Up Call for Small Businesses
Recent wage recoveries in Cairns have highlighted the increasing enforcement efforts of the Fair Work Ombudsman (FWO). In August 2024, almost $30,000 in unpaid wages was recovered for 52 workers at local food outlets. This case serves as a wake-up
Balancing Work and Life: Adapting to the Right to Disconnect
The “Right to Disconnect” legislation, effective 26 August 2024, introduces new requirements to ensure employees can disconnect from work-related contact outside their designated hours. This significant change impacts small businesses, requiring them to adapt to avoid penalties and maintain compliance.
Union Access and Your Business: A Guide for Small and Family-Owned Enterprises
Recent changes to the Fair Work Act have introduced significant amendments impacting union rights and workplace entry, particularly for small and family-owned businesses. This comprehensive guide breaks down these changes and provides actionable advice to help you stay compliant and
The Future Stability of Small Businesses Amidst the Cost of Living Crisis
Small businesses are struggling amidst the cost of living crisis, with insolvencies at record highs and inflation driving up costs. The Labour Government’s budget offers temporary relief but fails to address root issues like high energy costs and rising interest
2024-25 Budget: Will Small Businesses Truly Benefit?
The 2024-25 Australian Budget aims to support small businesses with initiatives like a $20,000 instant asset write-off, $3.5 billion in energy bill relief, and $25.3 million to improve payment times. However, the allocated funds per business are minimal, raising questions
2024-25 Budget: Will Disaster Relief and Preparedness Measures Help Small Businesses?
The 2024-25 Australian Budget allocates $236 million for disaster recovery, but is it enough? With Australia’s natural disasters costing $18.2 billion annually, the per-business support amounts to just $25.65 per year. Other allocations, like the $1.4 billion for Disaster Recovery
Will the 2024-25 Budget Solve Australia’s Housing Crisis?
The 2024-25 Australian Budget’s housing initiatives, including the $10 billion Housing Australia Future Fund and $1.6 billion First Home Guarantee Scheme, aim to tackle the housing crisis. However, the funding may be insufficient to meet the growing demand and rising
2024-25 Australian Budget: Ambitious Plans or Inflationary Risks? A Critical Review of Economic Impact and Future RBA Decisions
SBAAS responds to the 2024-25 Australian Budget, highlighting both opportunities and challenges for small businesses. Key measures include energy bill relief, rent assistance, and Stage 3 tax cuts. However, future deficits, increased borrowing costs, and economic uncertainties pose significant risks.
Navigating Through Turbulence: The Vital Role of Legal and Tax Literacy in Small Business Resilience
Enhancing legal & tax literacy in small businesses is crucial for navigating market challenges & ensuring resilience against large corporate dominance.
The ESG Reporting Conundrum for Small Businesses: A Multifaceted Perspective
As Australia advances toward stricter Environmental, Social, and Governance (ESG) reporting, small businesses face significant challenges. They lack the resources and capacity to meet the same reporting standards as larger corporations, especially in sectors with existing carbon compliance demands. A
Empowering Australian Micro and Small Businesses through ESG Integration
Environmental, Social, and Governance (ESG) measures are crucial for Australian micro and small businesses facing increasing demands for sustainable practices. Integrating ESG into business strategies can enhance value, align with stakeholder expectations, and secure business opportunities, especially as larger companies
Attracting and Retaining Talent: HR Insights for the Hospitality Industry
Explore strategies for navigating Australia’s hospitality labour market, focusing on employer branding, job design, and effective recruitment to attract and retain talent.
Learn about fair compensation, training, and creating a balanced work environment.
Understand legal compliance and its
Introducing Director ID: Ensuring Transparency and Accountability in Australian Business
The Director Identification Number (Director ID) initiative by the Australian Securities and Investments Commission (ASIC) is a key component of the Modernising Business Registers Program, aiming to curb fraudulent activities and ensure transparency in directorship. This unique identifier, mandatory for
Beyond the Resume: Crafting a Recruitment Strategy for a Diverse and Dynamic Workforce
Exploring the nuances of modern recruitment, this blog delves into the age-old dilemma of hiring wisdom versus the fresh perspective of youth. It challenges the status quo of resume screening and applicant tracking systems, emphasizing the importance of diversity and
Navigating the Cyber Threat Landscape: Essential Insights for SMEs
SMEs are increasingly targeted by cyber threats, with the pandemic exposing the extent of potential scams. Key vulnerabilities include hacking through remote working, where security measures like firewalls and malware protection are often overlooked. Additionally, the internet offers hackers vast
Embracing the Future: Top 7 Digital Marketing Strategies for 2022
As we approach 2022, businesses must adapt to evolving digital marketing trends, focusing on customer-centric strategies. Key areas include enhancing customer experience with speed and convenience, embracing story-driven content, and fostering a brand culture that resonates with consumers. Additionally, conversational
5 Challenges Facing Business in 2022
Facing ‘The Great Resignation,’ businesses, including SBAAS, encounter a significant challenge as over 40% of Australians are actively job searching, with many resigning without another position lined up. The underlying issue is culture, with employees seeking alignment with a company’s
The Power of Listening: Transforming Business and Relationships
Listening, a critical skill often overlooked, is vital in business, leadership, sales, and counseling. It builds trust, fosters innovation, and ensures customer and employee satisfaction. Real listening involves understanding the subtleties of communication and responding appropriately. In business, it means
Mastering the Art of Persuasive Copywriting: 14 Tips for Sales Success
Effective copy is essential for successful sales, compelling customers to act passionately about purchasing. To achieve this, focus on conveying why your product is the choice, create eye-catching headlines, and emphasize the benefits for the customer. Research thoroughly, add a
10 Tips and Tricks to Get Your Website Selling
In today’s digital age, having a functional and appealing website is crucial for every small business, from tradies to retailers. An effective website should not only look good but also provide a seamless user experience. To enhance your online presence,
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