Making cuts to costs that are too deep can impact employee and customer satisfaction. Don’t cut costs enough, it can embed inefficiencies into the business or threaten viability. So…
Running a business is a challenge at the best of times, but throw in a pandemic and the associated economic woes – and cost cutting has never been more important.
The ABS confirmed Australia’s first recession since 1990 after recording two consecutive quarters of economic decline. After being hammered by the pandemic, bushfires and drought, Australia’s GDP plunged by 7 per cent in the April-June quarter. This follows a 0.3 per cent fall in the previous quarter. The 7 per cent fall is also the… Continue reading Australia facing its worst economic contraction in history
Making informed investment decisions to secure a comfortable retirement Understanding the impact your preservation age has on your retirement plans Ensuring financial longevity rather than short term returns. Following the launch of their ‘Don’t Die Poor’ campaign in late March, Melbourne-based financial advisory, Pekada, are determined to maintain this momentum with their recent insights into… Continue reading How to ensure your future retirement is comfortable
Taking advantage of the exponential growth of e-commerce, an increasing number of online-only businesses have emerged over the past several years. While they’re are more common place than ever, a number of myths persist among people seeking to launch a business that exists solely on the internet. To ensure determined online business hopefuls know what they’re in for and are in a strong position… Continue reading Common myths about online business dispelled
Only 35.4 per cent of Australians sought the advice of a professional, such as an accountant or financial planner, when deciding to change superannuation providers.
Have you ever left money sitting in a bank account for more than three years? If so, watch out. According to media reports, the government has seized a record $360 million from 80,000 idle bank accounts in the year to May.
VicSuper is shining the spotlight on female financial literacy by launching the Super Woman Money Program.
Online energy provider, Click Energy, recently launched an application to help households and SMBs to monitor their electricity usage and avoid bill shock.
It’s necessary to spend carefully when your business is still young, but you also need to remember that it’s not about being penny-pinching, but being savvy about the way you spend money to help your business grow.