Small Business - Follow the Headlines – but Create your own Good News stories!
You can’t escape the headlines, news reports coming in every hour, every minute!
If you are a small Business owner, it’s likely you are affected by these stories. Market forces, economic fluctuations, swings and roundabouts, ups and downs. 'The global economy is heading towards a year end with unexpected tailwinds! '
It is easy to be influenced, positively or negatively! You might find yourself nodding in agreement with such bold catchy statements. Do they resonate or relate to your situation. Yes or no, if you are one of the savvy operators you feel good knowing you have adopted sound, best practice strategies to help you weather any storms. Oh, what a great feeling that is! Create and share your own successes!
Did you catch these Headlines!
Small Business never had it so tough – a Perfect Storm of rising costs, including Industrial Relations issues, Labour shortages and the cost of doing business! Reported (9th October) ‘2100 small and medium Businesses surveyed said their top three concerns for 2024 were energy prices, wages and cybersecurity threats.
Household budgets are being squeezed. Small Businesses are facing the toughest trading environment in recent years as household budgets experience cost-of-living pressures. Discretionary spending is affected.
What’s Driving up Burger Prices! Even the humble Big Mac is affected by the cost-of-living crisis! With a smorgasbord of ingredients making up a Mac, including beef, special sauce, wages, Royalties and intellectual property, nothing is spared!
Consumer sentiment fell in September, as the pessimism that has dominated for over two years still showed no signs of lifting.
Come October, consumer confidence, potentially the confidence of your customers is up, according to Commsecs Market Analyst saying, ‘confidence has reached its highest level in two and half years since the Reserve Bank started hiking interest rates.’
Importantly, whatever your Industry or Business it’s critical to stay on top of operational activities and legislative responsibilities, such as meeting Taxation obligations, workers entitlements and all reporting requirements.
Equally important is having your Business affairs carefully managed. Keeping your ‘house’ in order is a must, including Tax matters, accounting and bookkeeping, along with having your cashflow flowing. Is your Business Plan current and your Marketing reaching existing and new markets!
Smart Businesses seek professional services. Blackburn Accounting is well placed providing a range of services, including cashflow management, assisting with strategic planning and helping develop your Business capacity for growth and expansion.
Don’t wait, contact us today to discuss your Business Accounting needs.
Phone: +61 8 6454 5831, email This email address is being protected from spambots. You need JavaScript enabled to view it. or find us on Facebook or our website. https://www.blackburnaccounting.com.au/