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How to Stuff Up Your Business Free eBook

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Given that 85% of new businesses do not last 5 years it is easy to see why some of them do not survive. If you want to know what to do to NOT be one of the 85% then read this FREE eBook on TappAdvisory.com.au and you will learn. It is very tongue in cheek in that it lists all the things you can do wrong to really stuff up your business. It includes pages on: Starting Out Personalities Risk Management Planning Marketing Employees Finances Legal matters Exit strategies
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Things to Consider as a Director of Your Own Business

Are you a Director of Your Own Business? A lot of business owners operate through a Proprietary Limited Company, and therefore, are Directors. The trouble is a lot of business owners do not know the legal responsibilities as a Director of their company. They tend to rely on their accountant to do it all here are some suggestions for you. Here are a few things to help you as a Director
Tapp Advisory video on Business Tips to Survive COVID

Tips for Business during COVID.

The only way to survive during these tough times is to do the following: Pivot your business to where the market is. This may mean doing more online selling rather than rely on reduced foot traffic. Do a survey of your current customers to find out what they want from you now and then provide it. Find new markets to sell to, whether it be with new products or services or new geographic areas or new demographic markets such as younger or older people.
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How to Survive in Business during COVID

For a lot of businesses Covid has seen them close their doors despite their best efforts.
The only way to survive during these tough times is to do the following:
Pivot Your Business to Where the Market is.
This may mean doing more online selling rather than rely on reduced foot traffic. Do a survey of your current customers to find out what they want from you now and then provide it.
Find new markets to sell to, whether it be with new products or services or new geographic areas or new demographic markets such as younger or older people.
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Employment Law Solutions for these Unsettled Times

Business owners say they have trouble keeping up with rules and regulations about employing staff at any time let alone now during this Covid-19 Unsettled Times. Now I have found a useful solution for them. A company called Employsure provide a monthly subscription service for business owners that is like having your own in house Employment Lawyer. They cover the Fair Work Commission and WH&S Law and all other employment law. They can provide legal phone advice if you ....
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When the Government Money Stops

PLUS 14 Ways to Help Your Business Cope with a Recession. Some Business Owners are Making 2 Mistakes... A lot of businesses are still surviving because of the various Government payments now being paid. However I have already seen some business owners becoming complacent about this because their Cash Flow is OK. But they are making 2 mistakes... One Mistake that I’ve Seen... They have given up marketing. ...Secondly the Government will be reviewing all of their handouts in June to “tweak” them. That could mean stopping them completely or reducing them or limiting who qualifies. This is despite them saying it would continue until September as the cost of all of this is huge. If you received the first cash boost via your BAS this month you will automatically get the balance after you lodge your June and September BAS...
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10 Ways to Help Business Owners to Cope with a Recession

We must remember there will probably be a recession in Australia. Now is the time to think strategically and prepare your business for the tough times ahead. There have been 4 recessions since 1980 lasting from 8 to 18 months and the effect on businesses lasted for years. Here are 10 tips to deal with a recession. - Cut costs now but only if it will not harm you later - Think about turning employees in to sub contractors - Get out here and shine and do it now - Take the long view. Marketing is a marathon and not a sprint - Choose your marketing techniques and channels wisely - Renovate your marketing tools now you have the time to do it
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FREE Sales Power Course

Australia’s leading Sales Trainers, the program covers the following topics: - 1 Building Relationships - 2 Prospecting - 3 Follow up - 4 Handling Objections - 5 Negotiating and closing the sale There is no cost for this powerful Sales training online program to help you during this tough business environment where you cannot afford to lose one sale. You can also have a look in our store at Ian’s more extensive 16 week online program for Sales Managers and Sales staff which includes coaching and program notes. Ian can also offer personal in house Sales training if required.
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Company Directors and Corona Virus To Do List

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If you are a Director of your company or someone else’s company these are difficult time for you. Start planning for a recession later this year. Think about what that will do to your business and how you plan to survive that. Talk to your accountants and prepare for it. I think all well run businesses will get through the virus phase and the recession phase and emerge stronger in the future as the economy rebounds.
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You Get One Chance at a Sale

I wonder how many businesses lose sales because their staff cannot handle an enquiry to buy something when you ring them or walk in to their store. Marketing costs make it expensive getting prospective customers to ring you or walk in so why waste that money by missing sales when you often only get one chance to make a sale, at the initial point of enquiry from that potential customer. You no doubt have plenty of competitors the customer can go to if they do not get a good response on the first try.