Business

The New Year has come, and with it a wide range of new opportunities! This is the reason why the team at Anne Street Partners have created a small, comprehensive list of motivational tips that will help you get the best out of the new business year.

  1. Smart goals

The first thing that you need to do is to create smart goals that are based on specificity, measurability, attainability, relevance and time. All of these are essential if you want to bring efficiency into your company and generate the best outcome in the end.

  1. Networking

You need to create a valid, professional networking strategy that will enable your company to get the best possible outcome at all times. Try to create fruitful, long running relationships with your customers by providing the best value, and this is how you will get some repeat clients that will help you expand your business.

  1. Imagination

You can’t get far without imagination and innovation. Being able to innovate is the number one requirement in 2015, so try to bring as many new ideas for your business, because this is the only way to get astonishing results this year!

  1. Get into the action

Planning is very important for any business, but if you want good results the reality is that you need to act as fast as possible, once you get an idea that might be very valuable for your business. Remember, the faster you act, the better the results that you can get, so don’t waste any valuable time.

  1. Use forecasting

Forecasting is essential if you want to find any problems and glitches in your business, and this can also prepare you for any unfortunate events that might appear in the future. It’s important to have some data to work with in 2015, so do try and implement forecasting into your business.

  1. Learning from mistakes you have made

Believe it or not, learning from mistakes is one of the most important things that you can do in 2015. The best thing here is that learning from mistakes is very useful when it comes to creating better products and services, a situation in which everyone wins, from your company to its customers and even your field of work.

  1. Stay positive

2015, just like any other year, can bring some unfortunate events for your business, but you need to try and stay positive at all times in order to get the best results. Remember, with the help of positive thinking you can always bring a positive outcome to your business!

  1. Find an inspiration

There are many companies on the market that have achieved amazing results without too much investment. Try to learn from them, everything from pricing methods to strategies and all other things you can gather from their own experience. Of course, feel free to overcome your inspiration source and instill your own idea, but getting an inspiration basis for 2015 is indeed a necessary thing to do.

  1. Take breaks

Sometimes, the best results come when you work smart, not continually. Taking a breather might give you some amazing approaches when you come back to work, and this is why you need to try and create a balance between the company’s endeavors and your personal life.

  1. Use the Internet the right way

You can use the internet to motivate yourself, but when it comes to the business side you can easily increase the exposure and efficiency of your company with a better marketing plan. Create a site, blog, use more social media sites than before, and interact with the customer base. This is essential if you want to get impressive results in the end!

In conclusion, these are the best 10 motivational tips that you need to follow in 2015. Thanks to them, you will be able to get great results from your business, so don’t hesitate to implement as part of your plan for the year.

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There are many ways that you can plan your finances efficiently and effectively in 2014. With the advancement of technology there are new and easy ways to plan your budgets and money that save time and energy – great for busy families and businesses alike.

Our team at Anne Street Partners have put together some useful advice to help you plan your finances and budgets this year:

1) Use apps and tools : We love financial planning apps – you can track your expenditure, budgets and finances easily. They allow you to monitor your spending carefully and analyze your overall finances. Here are our favourite budgeting apps of 2014.

2) Keep track of spending daily. Regular monitoring of your budget allows you to stay on track and project an accurate financial picture.

3) Set goals. It is important to set realistic goals for the year and work towards them. Whether it be a new house or desired investment, planning and goal setting can really help map out those ideas.

4) Control credit card usage. They can be very useful, but if not monitored they can do more harm than good. Switch to zero balance credit cards where possible and make the most out of any benefits such as free air miles or insurance.

Anne Street Partners financial planning

Keep on track of your finances and budgets

5) Research new investment opportunities. There are a wealth of different short and long term investments available ranging from direct property investment to stock options. They can be more financial viable than saving money in a bank.

6) Speak to a financial planner. They can help you work out a realistic budget, work with you to attain your current & future goals, as well as help choose the right investments to suit you.

Anne Street Partners are Australia’s leading financial planning company. They help both individuals and businesses plan their finances and secure their financial future. Speak to one of their friendly team and find out more today!

 

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Here at Anne Street Partners we know that the month of June is often a busy one – as it is tax return time! It can instill fear in many as it can seem overly complicated, but we have a few tips to make it easier for you.

With tax returns due at the end of the month it is vital to ensure you have all the relevant documents you need. Start getting all your paperwork together and organize it in a folder so it is easy to refer to. For less-complicated tax returns there are several online options at the Australian Tax Office (ATO) website.

For more information please see: https://www.ato.gov.au/Individuals/Lodging-your-tax-return/Do-you-need-to-lodge-a-tax-return-/

Sending your tax return via mail is also an option for those that prefer paper forms. In order to complete your tax return you will need documents and records from throughout the year as well as your tax file number. For businesses you will need to lodge an annual company tax return. Depending on how your business is structured you will need to supply the ATO with more detailed information compared to an individual tax return.

For help lodging your tax return you can seek advice from a registered tax agent. Though we don’t provide tax advice, Anne Street Partners will help you strategically manage your tax risk, using legal and compliant processes. We can help plan for the year ahead and ensure you are maximizing your financial and revenue streams.

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Owning a business for the first time is hugely exciting! The first year of any business is busy, challenging and can be a little bit daunting. There are so many areas you have to focus on that it can be quite a juggle!

Here at Anne Street Partners, we have helped many first time business owners navigate their way through the more complex matters of finance and taxation, allowing them more time to focus on what they do best.

We have put together our top 5 tips to help you manage your first year in business:

1) Organise, organise, organise! We cannot stress this point enough – organisation is key to success. Keep folders for every aspect of your finances as it really helps organise you. It helps to make an effort early on in your business so that it becomes habit. Keeping organised helps with planning for your tax return…

2) Keep all receipts for your tax returns – This is again very important. In order to help your accountants, make sure you keep all your receipts – especially those larger business purchases. Organise them by month in a folder. This allows you to easily flick through months and work out average spend by month – as well as help your accountants. Start a basic spreadsheet of outgoings and use this as a benchmark of spending.

3) Know what you do, do what you know: This old adage rings very true in business. Starting a business is quite easy. But making it a success is more likely if you do what you know – if you have passion for what you do and if you do it because your heart is in it. Know your strengths and weaknesses and focus on building your business around your talents, rather than just profits.

4) Learn from your mistakes – In a new business you will undergo a steep learning curve and you will make mistakes. That is part of what makes the first year in business an exciting one! How you handle problems and issues is what makes all the difference. Remember, no one can plan for everything!

5) Talk to our business team here at Anne Street Partners: We can help you in organising your finances, business plans and your first tax return. Our financial planners have a wealth of experience in helping business owners make a success in their first year. Contact our team today for more information and impartial advice on 135 444

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Taking the leap and starting your own business can be daunting. The lack of security and the unknown can be intimidating, especially if you have never done it before.

However, the benefits of going solo are truly worth the effort. Many Australians are deciding to forge their own path and create their own business.

There are many important areas to consider when starting a new business:

  • Are you registered as a sole trader or limited company?
  • Do you have insurance in place?
  • Will you be working from home or an office?
  • Do you have enough finance in place for wages, superannuation and overheads?
  • Do you have a suitable business plan?
  • How are you organising your expenses?
  • Do you have a financial plan?
  • How will you complete your tax returns?

 

Our team at Anne Street Partners can help you organise your finances to help you acheive your objectives on budget. We can help you with a financial plan, tax returns as well as a budget planner.

Call us on 135 444 to kick start your financial freedom!

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