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How does your business development strategy compare?

How’s your business development plan for 2012 coming along? Kristy Sheppard blogs about benchmarking your plan against that of other SMBs. We’re well into January so no doubt you are finished or close...

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Sorting the franchisor gold from the fools

With over 1,000 franchise systems in Australia, it can be tricky to figure out which will be a winner. Kristy Sheppard has some advice for choosing the franchise that’s right for you. With around 1,000...

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Have you got what it takes to go into business?

With redundancies hitting the headlines, no doubt some are considering taking their career into their own hands by starting a business. But how do you know if you’ve got what it takes to make the leap...

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What’s going on with lending interest rates?

We’re a nation obsessed with interest rates, keeping a close eye on the Reserve Bank’s cash rate decisions and the reactions from lenders. Rightly so, too. We have a higher rate of property ownership...

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Tips to create a saleable business

Planning ahead to exit your business should start from day one, to ensure you build a valuable and saleable asset. There are many important aspects of succession planning, so start ticking these off...

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To website or not to website? Answering the eternal question

Do small to medium businesses with a website really enjoy greater revenue than those without? Yes, and MYOB has the figures to back it up. A journalist called last week to ask for some statistics from...

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The pros and cons of being a franchise owner

The perceived security of joining a franchise system tempts many potential and existing business owners at one time or another, especially during times of economic uncertainty. So, is now the right...

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The benefits of including staff in strategy development

A good strategy is the foundation of any successful business, but getting that strategy ingrained in your staff’s minds is easier said than done. Better yet – why not include your staff within the...

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How to keep up with the most knowledgable people in your industry

Today, more than ever, knowledge is power. However, getting accurate, up to date information about issues that impact your business and industry is far more complicated than it once was. Gone are the...

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How to prepare for media interviews: beginner tips

If you’re receiving significant positive word of mouth in your local area or beyond, or are promoting your expert knowledge and products/services via public relations activities, chances are you will...

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The value of taking some time out from your business

According to the latest MYOB Business Monitor survey, 30 percent of business owners haven’t holidayed since starting their business. Sound familiar? Think about the effect this has on you physically...

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EOFY is coming – are you up to speed?

It’s not the most exciting of topics but we’re only a couple of months away from 1 July, so the question has to be asked – how are you going with preparing for EOFY? Did you know that this time around...

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How healthy is your market intelligence?

I recently read through dozens of impressive business award submissions and was surprised to discover how many SMEs don’t ensure they regularly undertake market intelligence activities. If you don’t...

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EOFY black spots found in SMBs tax knowledge

I was amazed to find out that last financial year the Australian Tax Office (ATO) evaluated 1.4 million small businesses against its risk detection systems, which led to 16,000 being investigated. I’ll...

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Cloud accounting 101: Three reasons to get on board

If you’ve read anything about accounting software in the past year, odds are you’ll have come across references to cloud technology. So what is cloud technology? And why would you be interested?...

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10 carbon tax money saving tips

The carbon tax is almost upon us, and yet many business owners are still dazed and confused about what it means for their business. Fair enough too, it can be a fairly complex topic to get your head...

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EOFY: How to prepare for upcoming contractor payment changes

If you employ the services of any building and construction contractors, from 1 July the Australian Tax Office (ATO) will be adding some new reporting requirements. Here’s what the new obligation will...

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Endear customers to your business with a service point of difference

Australia is not known for it’s remarkable customer service, which is why so many of us are shocked when we are greeted with some outstanding customer care. Here, MYOB’s Kristy Sheppard shares a recent...

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What makes a good leader?

Over the past several months, I’ve had numerous discussions with our CEO Tim Reed as to what makes a good leader. I thought you might find some of his comments as thought provoking as I have. We’ve...

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Top tips for finding your niche

Finding and building a niche – a special area of demand for a product or service – could prove to be both rewarding and profitable for your business. This tactic for growth can be especially useful if...

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