Using your super to buy property is not just possible; it’s an increasingly popular strategy for Australian business owners to take control of their retirement savings and invest in their own commercial premises. By leveraging a Self-Managed Super Fund (SMSF), you can turn your superannuation into a property investment, gaining […]
Running a business is challenging enough without having to chase your accountant for answers. Yet for many growing businesses, this scenario becomes all too familiar. The question isn’t whether you need accounting support; it’s whether your current accountant can keep pace with your ambitions. So, how do you know when […]
What’s the difference between a business coach, a business advisor, and an accountant? That’s a question Collins SBA’s own business coach, Mick Denehey, sat down to discuss. It can be lonely at the top. That’s one of the things we hear most often when we sit down with our clients. […]
Summary of the 2024-25 Tasmania’s Treasurer’s Budget. Cost of Living Relief for Small Businesses: — $300 power bill credit for small businesses, lowering immediate costs. — The Small Business Energy Audit Program ($1.8 million) helps reduce long-term energy costs, improving operating efficiency. Why care?: Direct financial support and long-term savings […]
Many factors drive the value of your business, but perhaps the most important is how your business would perform without you. To get your business to flourish when you’re not around, you need owner-like effort from your team. Inspiring owner-like effort comes from cultivating a vibrant culture inside your business. […]
If you are looking to attract an investor or an acquirer one day, expect them to dig into your sales and marketing process. If your business sells to other businesses, an investor will want to know where you get your leads from and how much each costs to generate. They’ll […]
When potential acquirers first evaluate your business, most will quickly categorise into a specific industry. This initial classification can significantly impact the value they place on your business. Some industries are inherently perceived as more valuable than others, and if your business is placed in a less favorable category, it […]
It’s crucial to take stock of what’s shifting, what’s about to shift and what you want to shift in your life or business. Whether you’re planning for a major milestone like buying your first home, investing in property, navigating a divorce, caring for aging parents, sending your kids to university […]
We live in a business world where growth is worshipped. Entrepreneurs measure themselves by how many people they employ and dream about making lists whose sole criteria is revenue growth. However, if your endgame is to sell your business to a strategic acquirer one day, indiscriminate revenue growth may not […]
Superannuation fraud has become a critical issue, as illustrated by the experience of Lee Braz, who lost his life savings to sophisticated scammers. This alarming trend underscores the urgent need for enhanced security measures to protect consumers as reported by Michael Atkin, National Consumer Affairs Reporter, ABC News. Lee Braz, […]
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