In business management, it’s important to know when to say ‘no’

Saying yes to every opportunity that presents itself can be tempting for the ambitious, but it’s those that master the ability to say ‘no’ to certain opportunities who are likely to experience success in business management. The mentality of always saying ‘yes’ to business opportunities and dealing with the practicalities later on is one that… Continue reading In business management, it’s important to know when to say ‘no’

5 ways to improve retention of millennial employees in your business

Loyalty and engagement aren’t necessarily easy to foster in millennial employees. But with the right approach, any manager can make the workplace a better environment for their staff. Many things affect how successful your business is and how quickly it grows. There are your marketing and sales strategies, the clientele you target, your choice of… Continue reading 5 ways to improve retention of millennial employees in your business

8 tips for maintaining cash flow during the festive season

Juggling cash flow is hard at the best of times in small business, but it’s super tricky during the Christmas and New Year period when many businesses close and consumers go on holiday. If you find the silly season a little stressful, you’re not alone. All small business – regardless of industry sector – struggles… Continue reading 8 tips for maintaining cash flow during the festive season

CEO of MYOB commends budget as long as action is taken

We like what we see, but turn words into action to benefit small business MYOB commends the Federal Government for returning the budget to surplus and for highlighting the importance of small business to the economy. MYOB particularly welcomes increasing the instant asset write-off to $30,000 and raising the threshold to $50 million. One of… Continue reading CEO of MYOB commends budget as long as action is taken

Instant asset write-off expected to stimulate small business growth and investment

The Government’s announcement to increase and extend the instant asset write-off is expected to stimulate small business growth and investment. According to business accounting software company, MYOB, 28 per cent of small businesses find cashflow a real pressure. “Steps like these will provide a welcome leg-up to businesses looking to achieve growth this year,” said… Continue reading Instant asset write-off expected to stimulate small business growth and investment

When good credit becomes bad credit

In a perfect world, suppliers would prefer to be paid cash up front. However, in reality, the world works on credit. Trade credit is inevitable and so is the debt that comes with it. For most businesses, trade credit is essential for growth as businesses don’t have to pay suppliers on the spot but rather with… Continue reading When good credit becomes bad credit

MYOB and BPAY collaborate to speed up business payments

MYOB has teamed up with BPAY to offer a new invoice payment method, which was rolled out to MYOB customers last week (May 15), allowing businesses to get paid up to four times faster. MYOB Head of Product Marketing, Kim Owen-Jones said that giving customers the choice of BPAY as a payment method would provide… Continue reading MYOB and BPAY collaborate to speed up business payments