Improving Business Efficiency With Automation These days, there is much talk about robots taking our jobs and many tasks being automated. As much as many people don’t like change, this is something that is already happening and changing the way business is done such as Amazon. It is inevitable and businesses that do not do…
Increasing Profit By Reducing Waste There are many different ways to increase business profits, but when you reduce the various methods back to basics, they all fit into the following mathematical equation: Profit = Income – Expenses This means if you want to increase your profit it’s simple, you either need to increase your income…
Digital marketing – Google AdWords, SEO, and Social Media – Can it Really Add to My Bottom Line? There are now so many Digital Marketing, SEO and Google AdWords so-called specialists, that promise to get a company’s ADs on to the front page of Google and in doing so deliver new leads. This is not…
Organic Growth Strategies – 4 effective strategies you can implement today! Growing your business is a natural objective for virtually all small businesses. In our last blog about methods to grow your business, we explored “5 Exponential Growth Strategies for SME’s”, looking into ways where immediate growth can be achieved through acquisitions, franchising, distribution expansion,…
Secret to Increasing Your Business’s Revenue “It can’t be done”, we hear you say. Well, yes, it can and the secret is not in your own business (although that is a big part of it) but in thinking outside of the square and looking at “other businesses”. That’s right, even as a small to medium…
Business Assessment and Valuation There are many reasons why business people seek a business valuation, including: Selling the business – to get an idea of a good price, you need to know what your business is worth. This is a leading motive for conducting a valuation. Even if you don’t plan to sell yet, valuing your…
We are excited to announce that Advivo now offers a complimentary Secure File Transfer Service that provides you with a quick, easy and secure way to share files over the internet. Advivo has tried and tested this new service, and are excited to offer to our clients this easy to use method of sharing files.…
How to Grow a Small Business Have you ever wondered how a small business can accelerate growth and all of sudden be a large middle or even BIG business in a short period of time? For many small business owners who may be just keeping their head above water, maintaining profits and cashflows is simply…
Understanding Your Financial Report Financial reporting is a crucial component of business management and helps to monitor your business performance against your goals and expectations. We take this opportunity to share some simple tips to help demystify your Balance Sheet, Income Statement (Profit and Loss), and Statement of Owners Equity (also called Statement of Change…
The ATO’s New BAS Lodgment System The ATO is introducing a simpler BAS lodgment system from 1 July 2017. This will apply to small business entities with a GST turnover of less than $10 million. If you are a small business, you will only need to report: Total sales (G1) GST on sales (1A) GST…