Five things to look for when choosing your broker

A good mortgage broker can be the key to your property portfolio success. Here’s how to find one. Mortgage brokers worth their salt will look to build a trusted relationship with you – one that’s more focused on service than selling. Here are five things to look for when choosing your broker. 1. Recommendations  Asking your personal network for referrals is a good starting point. This could help you find…  Read more

Planning your aged care needs

The wave of older Australians will continue to grow over the coming decades. As such, we can no longer afford to ignore the issues around aged care with over 1 million retirees already accessing aged care services in Australia. Planning ahead can help to demystify aged care and reduce stress levels. With awareness and pre-planning, you can maintain control and choice, have access to the financial resources to pay for…  Read more

Smart money tips for business owners

Small business owners know how important it is to save money. They know that one day that dollar could come in handy, especially during slower times. Saving money is definitely important, but there are also things small business owners can – and should – spend their money on today. It might seem counterproductive to spend money when you want to put it in the bank – and make no mistake,…  Read more

Email Etiquette: How to Respond to Rude Email

The worst thing about a rude message is the author presuming you’ll respond to a complaint or request when his communication lacks any hint of civility. When confronted with an obvious violation of good manners, you can easily delete the email without upsetting anyone who is aware of politeness standards. You can also punt the request to a co-worker, but that would make you the bad guy. It’s best to…  Read more

Downsizer Contributions into Superannuation

If you are 65 years old or older and meet the eligibility requirements, you may be able to choose to make a downsizer contribution into your superannuation of up to $300,000 from the proceeds of selling your home. Your downsizer contribution is not a non-concessional contribution and will not count towards your contributions caps. The downsizer contribution can still be made even if you have a total super balance greater than $1.6 million.…  Read more

Three ways to speed up invoicing

Everyone likes making money, especially small business owners. Invoicing, however, is typically one of the tasks that small business owners like the least. Chores like creating and sending invoices get set aside for other duties that are seen as more enjoyable or even more urgent. You tell yourself you’ll get around to it tomorrow, but tomorrow becomes next week, next week becomes next month, and suddenly you realise your client…  Read more

Leading your business recovery

Times of crisis are defining moments for great leaders. Consider the contrasting results that different countries are experiencing with Covid-19, based on the approach their respective leaders have taken. Great leadership is effectively guiding or influencing your team to work towards achieving your goals. Leadership is always on; there is no place to hide in a time of crisis. Consider the four quadrants of great leadership: 1. Vision. Clarity of what…  Read more

How to increase profit, cashflow and business value

The better you understand your business, the easier it will be to increase your profits and free up your cashflow. As a business owner, you must understand which Key Performance Indicators (KPIs) are critical to your business. These are the critical success factors that drive profit, cashflow and business value and are used to measure the efficiency of different business activities. Do you regularly monitor your KPIs to ensure continuous…  Read more

Efficient business systems really pay off

Too many businesses fall over because the owner has not established efficient business systems. This typically happens because the business owner is so caught up in the day-to day running of the business that the fundamentals of good business management get forgotten. Often too it must be said that the owner simply doesn’t like bookkeeping or other administrative tasks, so these get put on the back burner. The symptoms are…  Read more

Getting Cash in a Crisis

Cash has always been king, but it’s more important to your business now than ever. Follow our strategies to ensure you continue getting paid in these uncertain times: 1. Continue to enforce your Terms of Trade, however, your approach must change. Don’t adjust your expectation to receive what you are owed, but tread carefully with your request for payment or you could risk irreparable damage to your brand and reputation.…  Read more

Future focused: apps and tools to track your finances

It’s never a bad idea to have a little help managing your money – and when you’ve got monthly mortgage repayments to make, balancing the books is extra important. There’s a great range of apps and tools designed to help you budget, save and track your finances. And we’ve put together a list of some worth checking out. Budgeting and Tracking The formula is pretty simple. To balance your budget…  Read more

Want to spend more time doing what you love?

A key benefit of owning your own business is choosing your working hours. That was probably a drawcard when you started out. Chances are, you planned to spend less time in your business and more time with your friends and family. Then reality struck and you found yourself coming in earlier, staying later and taking work home with you on the weekend. This probably wasn’t the life you had imagined.…  Read more

How to handle rejection

Rejection is inevitable for your sales team; it can also be the hardest thing about being a salesperson. Ensure your team knows how to handle rejection by considering the following: 1. Act with grace and dignity. Respect the prospect’s opinion and accept their decision. Remain professional and reflect your Core Values. 2. Be resilient. It’s not a personal rejection, so don’t get emotional. You win some, you lose some. 3.…  Read more

Minimising fallout from an unhappy customer interaction

Irritated customers are a fact of life in business. As customers, we’ve all been there ourselves… perhaps a product didn’t stack up to our expectations, maybe delivery was frustratingly delayed, or perhaps we were simply having a bad day. Whatever the real reason behind customer dissatisfaction, your approach to dealing with it can make or break your outcomes. Steps to minimise the fallout of an unhappy customer: Be calm. Breathe…  Read more

Capital Gains: securing the finance your business needs

Whether you need funds to get a new enterprise off the ground or are looking for capital to take things to the next level, it’s important to understand if a business loan is right for you, what types of business loans are available, and what’s involved in the application process. Step 1: Explore the alternatives Before you decide that a business loan is a right option, it’s worth considering any…  Read more

How redraw works and why it’s a handy loan feature

It’s one of the less glamorous home loan features, but the redraw facility deserves a second look. Here’s why: The redraw facility explained A redraw facility lets you make additional repayments to reduce your variable rate home loan balance and save on interest. If you pay more than your minimum scheduled repayments, then you’ll have money available to redraw from your home loan. The redraw facility is a common feature…  Read more

Be, Do, Have

Our success in life depends largely on our mindset. Those who wait until conditions are perfect are unlikely to achieve their goals as they’re always waiting for the right time and never take that first step. There are three small words whose order can heavily influence the outcomes we achieve: be, do, and have. After deciding on your goals, the next step is to consider who you need to be in order to…  Read more

The Achiever Matrix

The Achiever Matrix is made up of four quadrants and helps you prioritise tasks based on their importance; allowing you to manage your time better and achieve more. Quadrant 1 is The Quadrant of Urgency: This quadrant represents tasks which are both urgent and important. These tasks might be handling an unhappy customer, meeting a deadline, dealing with a crisis, or undertaking urgent re-work. While we must all spend some time…  Read more

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