The Pulse

News, views and ideas for your business


Monday 22nd December

The Latest

  • 16
    Dec
    getOutside

    10 Signs you are pushing your limits or over working

    When you are managing a small business, you can get totally caught up in running and developing it to the extent that it takes over your life. Most of us work longer hours at what we do because we have a passion for it, and that is often to the detriment of our own health — and often to time spent with family. Neither of these is good for you or your business in the long term, so you need to make sure you get some balance. More importantly, you need to be aware of the signs of burnout. So what are the telltale signs? Here are a few that colleagues and I noticed in ourselves when we got overwhelmed with work during the last few months. …

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  • 15
    Dec
    marketing_plan_postit

    Does your accounting firm have a marketing plan?

    The unexpected question The next graduate arrives, interviewing for a position at a small to medium-sized accounting firm: your accounting firm. This graduate will be one of the top performing employees for the employer of their choice.  It takes you a while — nearly fifteen minutes into the interview, to fully realise that they are actually interviewing you. Methodically, the graduate carefully crafts their answers and questions. When you look up from your notepad, direct eye contact takes a fraction of a second to re-connect: this graduate is absorbing the environment, the workspace and your body language. As you take notes, this gra …

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  • 09
    Dec
    Claudia Leung of Bennelong Partners wins the MYOB PayDirect competition

    MYOB PayDirect funds end-of-year accounting practice party

    After a busy year, it’s nice to let your hair down at an end-of-year Christmas party. That’s why we gave partners the opportunity to boost their party fund by $2,500 when they referred PayDirect to their clients in November. It was with great excitement that the MYOB crew gathered for the draw of the lucky winner in the first week of December. Jessie Logan, one of the PayDirect gang, had the honour of selecting Claudia Leung from Bennelong Partners in NSW as the winner of the $2,500 Christmas party prize. When Claudia’s Partner Manager William Wong told her the good news, she was delighted: “Thanks again for the surprising …

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  • 08
    Dec
    141208_xmasSeason

    12 tips to improve cash flow this Christmas season

    The festive season is a challenging time for many businesses, particularly when it comes to managing cash flow. Being a key trading period, demand for cash is high as staff go on annual leave and receivables can also be difficult to collect. On top of it, there is the traditional slow-down in sales during the first few months of the new year, plus the next quarterly BAS is due in late February. This is a period of heightened risk, which if not properly managed, can result in cash flow issues when the business resumes trading next year. Below are some strategies that businesses can use to improve cash flow over the next few months and throu …

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  • 08
    Dec
    141208_kingCrown

    Is cash really king?

    How do you get a small business owner to squirm? Ask them how their cash flow is going. The response will be like seeing someone leave the dentist after three fillings! Their mouth feels like there are three golf balls in it and it is simply pain, pain and more pain. For small business owners or start-ups in particular, it is tough. For example, imagine you are at any bank in Australia and you say, “Hi, I’m starting a small business.” …

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  • 04
    Dec
    141201_cashflowcrisis1

    (INFOGRAPHIC) The cash flow crisis today

    In any business, cash is your lifeline. Part of maintaining a positive cash flow is making sure you get paid what you are owed on time, and in full. At ezyCollect, we know this is easier said than done. So we've compiled a handful of staggering stats based on our customers and external research to show you how much money and time you spend chasing payments. …

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