Small business is tough – cashflow, sales, marketing, tax, operations, distribution, legal – you have to be an expert in all of them! So it’s our goal to make sure we are truly pro-active in teaching business owners “how to keep getting better in business”.
So what does b-Mail stand for?
b-Mail stands for many things – “business mail”, b-motivated”, “b-proactive”, etc. b-Mail is your premium source of cutting edge business ideas, strategies and tools packed with more “how to’s” and “show me’s” than the “average e-newsletter” can provide.
This month we talk to Mr James Heddo, CEO of Gosford Race Club who will be celebrating their Centenary Year this year.
There has recently been a surge in reports from small businesses that they have received a fax claiming to be from 'Yellow Page Australia' and 'Open Business Directory Ltd' that, on first glance, appears to be seeking confirmation of their business' contact details. However, on closer inspection, the fax is in fact an agreement to sign up to an online business directory service charged at $99 per month for a minimum two-year period.
In the lead up to the September 7, 2013 Federal Election there were proposed changes announced by the Coalition. While limited detailed information has been provided, we have summarised below some of the changes tot he tax system proposed by the coalition in the lead up to the federal election.
The national disability insurance scheme has been in the news for several years but is only just becoming a reality. Now known as DisabilityCare Australia, it will make a big difference to a lot of lives. But what does is really mean to you?
Stress - it makes your heart pound, your breathing quicken and your forehead sweat. But while stress has been made into a public health enemy, new research suggests that stress may only be bad for you if you believe that to be the case.
Psychologist Kelly McGonigal urges us to see stress as a positive, and introduces us to an unsung mechanism for stress reduction... reaching out to others.
Kelly translates academic research into practical strategies for health, happiness and personal success.
This month we speak to Director of Superior Solar, Derek Woods on the success of his business and discuss the challenges he and his team face on a daily basis.
Effective from the 30th of June 2013, industries that have demonstrated improved safety and claims experience will receive an average of 7.5% rate reduction, based on the performance of their industry.
Businesses are becoming more reliant on cloud services to provide them with a broader range of options. By eliminating the need for extra servers, companies can focus on more important priorities.
Most of us have a good grasp of the notion of life insurance, but less understood is the value of income protection insurance. Few offerings create such useful protection against unexpected, health-related financial turbulence for you and your family.
Business innovator, Nilofer Merchant suggests a small idea that just might have a large impact on your life and health.
Next time you have a one-on-one meeting, make it into a "walking meeting" - and let ideas flow while you walk and talk.
Nilofer thinks deeply about the frameworks, strategies and cultural values of companies.
This month Managing Director of Logical Building Pty Ltd, Jim Henry, shares with us why "green business " is the flavour of the month and how he is capitalising on the momentum in the market place for energy efficiency.
A Gallup survey shows that 10 years ago almost 60 per cent of people believed they would have enough money for a comfortable retirement. Last year, the portion of survey respondents who told the Gallup survey they would have enough money was less than 40 per cent.
Poor time management can have terrible consequences for small business owners overwhelmed by challenging priorities. Some simple changes are worth trying for a better night's sleep.
How much money do you need to fund your retirement? In the past this has been a difficult question to answer but as analysts, academics and superannuation/investment specialists have put their heads together to crunch the numbers, things have become a little clearer. It's no surprise that it all depends on your life expectancy, work plans, investment returns and desired lifestyle – basic, modest or comfortable.
You might think that the 2007-2008 financial crisis was an unpredictable one-time crash. But Didier Sornette and his Financial Crisis Observatory have plotted a set of early warning signs for unstable, growing systems, tracking the moment when any bubble is about to pop. (And he's seeing it happen again, right now.)
Didier Sornette studies whether it is possible to anticipate big changes or predict crises in complex systems.
This month's Client in Focus is Ray and Colleen Sullivan, owners of Leader Hydraulics.
We speak to Ray and Colleen on the success of their business since taking over ownership in 2008 and discuss the challenges they encounter on a day-to-day basis.
For business owners in the building and construction industry, by 21 July (28 July for quarterly instalment lodgers) you will need to report to the Australian Taxation Office all payments made to contractors during the financial year.
There are two important changes all employers should be aware of in relation to superannuation and new gender equality reporting requirements. The first of these is the changes to the superannuation regime which increase employer's superannuation obligations starting from the 1st July 2013 to compulsory contributions of 9.25%.
Great investors don't just read about world events, they analyse the likely trickle-down effects of those events on the industries and sectors in which they invest.
Leaving a high flying job in consulting, Angela Lee Duckworth took a job teaching math to seventh graders in a New York public school. She quickly realised that IQ wasn't the only thing separating the successful students from those who struggled. In this video, Angela explains her theory of "grit" as a predictor of success.
At the University of Pennsylvania, Angela Lee Duckworth studies intangible concepts such as self-control and grit to determine how they might predict both academic and professional success.
This month's Client in Focus is Peter and Andrea Schulz, owners of AP Filter Solutions.
We speak to Peter and Andrea on the success of their business since taking over as distributor, discussing the challenges they encountered throughout their business journey.
The Tax Office has been interested in rental property owners for some years now. It is recognised that there are a significant number of investors, and the Tax Office see this as an area that taxpayers are understanding rental income and over claiming deductions. In particular, the Tax Office is aware that many of these investors are new to the market, and their experience is seen to be an area of risk.
For small businesses, keeping an eye on the core business, maintaining a healthy cash position, reducing operating expenses, increasing efficiency and strengthening existing supplier and customer relationships will all go a fair way to help ensure your business weathers today's tough economic climate.
Has 2013 been a better year than last year for you so far? On a nationwide scale, recent surveys have shown the first few months of this year have been an improvement on 2012, with consumers and investors a little more confident about the strength of the Australian economy although some uncertainty does remain.
What motivates us to work? Contrary to conventional wisdom, it isn't just money. But it's not exactly joy either. It seems that most of us thrive by making constant progress and feeling a sense of purpose.
Dan Ariely, behavioural economist, presents two eye-opening experiments that reveal our unexpected and nuanced attitudes toward meaning in our work.
It's become increasingly obvious that the dismal science of economics is not as firmly grounded in actual behaviour as was once supposed. In "Predictably Irrational", Dan Ariely tells us why.
The rise of limited recourse borrowing arrangements continues rapidly.
Search the internet for "buy property in super using a loan" and Google will give you more than 89 million results.
There are some pretty interesting strategies doing the rounds.
Whether it is to attract customers or to sell their goods or services, many businesses have come to rely on the internet. However, the right that a business has to register and use a particular domain name for its website is something that must be carefully secured and should never be taken for granted.
While many of us are at the stage where it has become necessary to begin planning for retirement, we all know younger people who don't quite realise how good they've got it. Time is one of the greatest luxuries an investor can enjoy.
In a touching, funny talk, Brené Brown shares a deep insight from her research, one that sent her on a personal quest to know herself as well as to understand humanity.
Brené studies human connection - our ability to empathise, belong, love. She also studies vulnerability, courage, authenticity and shame.
Australia's mail national welfare group is urging federal Labor to cut nearly $6 billion from the budget by clamping down on superannuation tax breaks, health insurance rebates and the tax treatment of trusts and capital gains.
A childhood passion for "all things nice" had turned into a successful business for Bianca Kristallis, founder of Pamper Hamper, an online luxury gift hamper service that delivers nationally. Pamper Hamper delivers gifts in its signature white box with distinctive black and white ribbon trim. And it's borne from Kristallis's obsession with wrapping.
Total and permanent disability (TPD) insurance can help pay for care and medical expenses in the event of a sudden serious illness or accident.
What can economists learn from linguists? Behavioural economist Keith Chen introduces a fascinating pattern from his research - that languages without a concept for the future correlate strongly with high savings rates i.e. "It rain tomorrow" instead of "It will rain tomorrow".
Keith Chen's new research suggests that the language you speak may impact the way you think about your future.
This month's Client in Focus is Allure Hair and Body.
We speak to owner, Renee Marshall on the success of her business and the challenges she has faced and overcome.
A common problem with pension paying SMSF's is that members sometimes do not withdraw the minimum pension amount.
In response to a review undertaken by the Federal Government last year, the Fair Work Amendment Act 2012 received Royal Assent on 4 December 2012.
Several of the changes came into effect on 1 January 2013, and although technical by nature will have an impact on how the system and your business operates.
Now the summer holidays have come to an end and the year is fresh, use this period to reflect on what's really important in your life and how you could better ensure your family's financial security.
Plenty of people need jobs with very flexible hours – but it's difficult for those people to join with the employers who need them.
Wingham Rowan, founder of social-business Silvers-of-Time which runs online markets for micro-working and micro-volunteering, explains how the same technology that powers modern financial markets can help employer's book workers for 'silvers of time'.
This month's Client in Focus is family business, Galley Kitchens.
This month, Managing Directors and Paul and Liarne Ray talk about how they managed to grow the business during the financial crisis and remain a market leader in the region.
The Australian Taxation Office has made 3 significant changes to the simplified depreciation rules that apply from the 2012-2013 income year for small businesses.
Your website is usually the first contact method most of your potential customers will have with your business, so it shouldn't look tired or old. Here are nine tips on how you can effectively refresh your website.
Here are five of the finest resolutions to help you kick off the new year in high financial style.
Research has shown that over the years, sometimes having too much choice makes us less happy. This may be true when it comes to medical treatment. Baba Shiv, director of Strategic Marketing Management Executive Program at Stanford's Graduate School of Business, studies how "liking" and "wanting" shape the choices we make, and what that means in the world of marketing.
He shares a fascinating study that measures why choice opens the door to doubt, and suggests that abandoning control – especially on life or death situations – may be the best thing for us.
Our client in focus this month is Kwik Kopy Gosford and passionate owner, Peter Clarke.
Peter shares his enthusiasm for the region and how he took control of the opportunity to build a stronger, smarter business model that could "bend and flex" as market conditions changed.
Gifts, travel, food and drink are all a part of the summer break. But it makes for a happier holiday season if they're budgeted for in advance.
Tim Harford, economics writer finds an unforeseen link among the successful complex systems – they were built through trial and error.
In this sparkling talk from TEDGlobal 2011, Tim asks us to embrace our randomness and start making better mistakes.
Is life getting on top of you? Then it's time to take a step back and put some time into your life...
Generation Y are lazy but ambitious. Generation X are plodders and Baby Boomers are ready to give it all away. Research suggests that there is less difference between the generations than is stereotyped when it comes to attitudes towards working and the great similarity between everyone is they rather work less.
This month's client in focus is Microsoft Senior Executive Sean Tobin, Product Manager of the Microsoft XBOX 360.
Work-life balance, says Nigel Marsh, is too important to be left in the hands of your employer.
Marsh lays out an ideal day balanced between family time, personal time and productivity -- and offers some stirring encouragement to make it happen.
Ever asked yourself why some leaders inspire action and others don't? Start with "Why"? This month we take a look at Simon Sinek's TED Talk on how great leaders inspire action.
People don't buy what you do, they buy why you do it.
"If you hire people just because they can do a job, they'll work for your money. But if you hire people who believe what you believe, they'll work for you with blood and sweat and tears".
In a small business environment super liabilities can be a mind field. The ATO has no wiggle room in the legislation for late superannuation payments, even by a day. If you would like to know how navigate this legislation, Luke Powell explains how a few simple steps can avoid an ATO headache.
I'm not sure if you have ever watch a TED video, but they are a great source for getting access to some of the best speakers in the world – for FREE. This month, to help you get "fired" up for the New Year I have selected a talk called "the 30 day challenge"
Click the link and think about what you could achieve in 30 days. It's an interesting concept.
How much will you pay for your children's education? Parents everywhere are caught between the celebration and quiet distress of another school year. It's no secret that education will be expensive.
In small business, choosing the right business structure to trade through is critical to ensure that you are taking advantage of all the possible deductions and concessions that are available to you under the Tax Law.
In four short years social media has gone from relative obscurity, to becoming an integral part of how Australians live their daily lives.
Did you know that once you are distracted from a current task, it takes on average about 6 minutes to re-focus and begin being productive again? That means if you have 10 distractions in a day, not only are you wasting time on the distraction, but it is taking you an HOUR to refocus!
What is your strategy this year? What does the budget look like? Where will you focus your efforts?
This time last year we were releasing the stress in our shoulders as the GFC doom and gloom appeared to be clearing. We dusted off those expansion plans and thought about spending again.
The tax man has been busy. Really busy!
In fact, the tax office is increasing its Compliance Program, with a strong focus on audit and there are a range of issues affecting small business and individual tax payers.
The very thought of getting a group of clients into a room to talk about you is enough to send shivers down the spine of many a business owner. In reality, it’s not the nightmare most people think.
In fact, it’s quite the opposite. A professionally run Client Advisory Board opens a treasure trove of opportunity for your business.
One of the primary advantages of using direct mail is your ability to target your audience.
For Example: Your letter delivers a personal message and makes an offer. Your brochure demonstrates features and dramatises benefits. Your order form calls for action and eases response.
The 2011 Budget was delivered this week. This month, we look at what it means for small business.
Specifically, what are the things that are going to affect small business now, next year and further down the track. But most importantly, how is it going to affect the bottom line.
Shockingly only 20% of businesses make it to 3 years and only another 10% make it to 5 years.