Top 5 TED talks every small business owner should listen to

Top 5 TED talks every small business owner should listen to When you’re a small business owner you don’t have a lot of time search for information, let alone sit down and watch a video. So we’ve done the heavy lifting for you! We’ve curated the Top 5 TED Talks we think every small business owner should listen to. Pop them on, listen and learn on the go! 1. Why the best…  Read more

Xero Projects: Drive profitability by easily tracking time and costs on every job

Xero Projects: Drive profitability by easily tracking time and costs on every job Article by Claude Collica – MVP Financial Senior Accounting & Taxation   Are you a small business owner that needs to track jobs to maximise the best return on your investment? Are you still fiddling around with spreadsheets to monitor your jobs, or worse still writing everything down on paper?! Don’t worry, you’re likely not the only…  Read more

9 BUSINESS TIPS TO KICK-START SECOND HALF OF THE FINANCIAL YEAR 2018

DOUG’S DESK – MVP Small Business Specialist 9 Business Tips to Kick-Start Second Half of the Financial Year 2018 As you return from what was hopefully an enjoyable and restful holiday period, it’s now time to ‘blow off the cobwebs’ and refocus, particularly if you and your team still need to cover ground toward your 2018 business resolutions and goals. A quick introduction to me, Doug Verley. I’m the Small…  Read more

Top Three Small Business Resolutions For 2018

The Top Three Small Business Resolutions For 2018 You Need To Make For most, the new year is a time for reflection, and a time to set goals for the year ahead. Exercising more, eating better, drinking less alcohol or working on a better work-life balance, tend to be at the top of these personal lists. But what about your business? For a small business owner, setting goals for the year…  Read more

Are You Prepared For Selling A Business?

The ‘End Game’ – Are you prepared for Selling a Business? Aritcle written by Kelvin Smith – MVP Financial Director Why do you own a business? Are you prepared for selling a business? It’s interesting to consider because it’s shocking how many business owners haven’t taken the time to ask themselves these fundamental questions. Your plans for what you will eventually do with your business is what we term the…  Read more

What is succession planning all about?

What is succession planning all about? Succession planning is one of the more important safety nets for a business owner who wants to build their business with the end goal of selling their business for the maximum value, be it in one, five or 10 years’ time. Yet, as important as this is, many businesses fail to implement a successful exit strategy for their eventual transfer of ownership. The reality…  Read more

Don’t miss the deadline to register for the R&D Tax Incentive

Monday 1st May 2017 is the deadline to register for the R&D Tax Incentive for eligible activities conducted during the year ended 30 June 2016 (last financial year). Companies still seeking to lodge FY16 R&D claims who have not previously submitted their FY16 registrations should take immediate action to ensure their activities are adequately assessed, described and registered. Companies registering R&D activities in FY16 need to provide details of:  Core R&D…  Read more

THINKING OF SELLING YOUR BUSINESS?

Thinking of Selling Your Business? Article written by Kelvin Smith – MVP Financial Director If you are thinking of selling your business, make sure you get professional business advice first. For the majority of small-to-medium-sized business owners, the value of your business is your biggest asset and, very likely, your retirement fund. So before selling your business make sure you get the right advice.  It could save you thousands in tax.…  Read more

R&D Tax Incentive – a new regime

R&D Tax Incentive – a new regime The R&D Tax incentive is a broad-based program that allows innovative companies to receive tax offsets – in the form of a cheque or direct transfer – for companies under $2m turnover in a loss of 43.5% of total R&D expenditure; or 45% for companies between $2m and $20m turnover. Companies of this size in a profit receive a Tax Credit of 13.5%…  Read more

Boost Revenue with Mobile Solutions

Mobile Solutions are the Future of Business  Article written by Kelvin Smith, Director at MVP Financial   If you own a tablet or mobile phone but aren’t taking advantage of mobile sales tools, you’re missing out on the opportunity to shorten your sales cycle and boost your bottom line. From CRM apps to invoicing and payment technology, there’s a mobile solution for your small business that can make it easier…  Read more

Is your business struggling? Here’s what you need to do

Is your business struggling? Here’s what you need to do Written by Doug Verley, Director – Business Advisory & Strategy Is your business in a state of crisis? Are you lying awake at night in search of the answers? I apologise if this sounds dramatic, but a failing business can be a very dramatic and stressful matter, particularly when it is that business that puts food on the family table,…  Read more

Characteristics Of A Business In A Crisis Situation

When a business falls upon hard times, often business owner-managers (management) don’t realise what’s happening, or they deny that they are facing a potential business crisis. Inevitably if the business owner-manager does not take the appropriate measures to reverse business decline a crisis situation will develop, threatening the very existence of the business. This occurrence almost always catches management by surprise, manifesting itself in high levels of stress. Only once…  Read more

Is Your Business Showing ‘Symptoms’ Of Decline?

Is Your Business Showing ‘Symptoms’ Of Decline? It is vital that business owners and managers can distinguish between the symptoms of business decline and potential failure and the causes of decline and failure. If you think about this like a person who is not feeling well and experiencing a headache and high temperature. The headache and high temperature are not the causes of their ill-health but rather the symptoms, or…  Read more

14 Reasons Why Family Businesses Fail

14 Reasons Why Family Businesses Fail The business environment in Western Australia (WA) has unquestionably shifted, and the fact that we at MVP are a lot more engaged in crisis management and strategic turnaround work lays testament to this reality. The view, as highlighted in the previous article, ‘Are you flying blind?’, is that the business environment is going to tighten further before it improves. Family businesses need to pause…  Read more

Do You Have A Current Business Strategy Or Are You Flying Blind?

So many small-to-medium business (SMB) owner-managers we meet and chat to don’t have a formal Business Strategy (3 to 5 years), business plan (1 year) or business budget. Research suggests that in excess of 70% of SMBs don’t have a formal Business Strategy, attributing this to what is referred to as an ‘entrepreneurial strategic planning process’, more simply put, the strategy or plan for the business exists only in the…  Read more