If I hear this one more time …. Passive Income
“I just want to have Passive Income” If I hear one more person say this I think I am going to scream! Honestly, there is No Such Thing as Passive Income Money does not gush out of a tap, it is not growing on trees. I am astounded by how many highly intelligent people think […]
The 7 most common GST questions asked by Startups
Every day Startups ask these common GST questions because they know they want to get it right. In 2000 GST was introduced into Australia. For the past 7 years I have been working with Small Business owners and Startups and GST is one of the tricky aspects of the Numbers that many people find difficult. […]
I want Mark Zuckerberg ’s Tshirt
Rarely do I wish I was a man. Last week Mark Zuckerberg gave his first ever live Q&A and while he was asked really interesting questions about FB and diversity and especially about their computer science program “Girls who Code” one of the best and most telling, from my point of view, was the question […]
Why Accountants don’t run Startups
Do you wonder what is the role of an accountant? Like most every professions there are the accountants you want “on your team” and there are “the rest” I was recently at a Lean Startup event and they were telling the story of an MBA project taking place in a local university. The group was divided […]
You mean it’s OK to say “ bum ”?
Last week my nephew came to stay for a few days. He’s 6 and the last thing his dad said was “Remember son, no rude words while you’re with your Auntie Ingrid” He’s a boy and he’s 6 and he loves saying all the rude words: bum, fart, poo and of course his dad doesn’t […]
Small business benchmarks
What is a small business benchmark? Small business benchmarks are developed by the ATO. They are financial ratios developed from information provided by businesses on their tax returns and activity statements. You can use the benchmarks to help you compare your performance against similar businesses in your industry. The ATO has just updated every Small […]
An efficient way to deal with emails
I am regularly asked how to deal with emails and every day some one tells me that they have too many emails in their Inbox. One of the very best ways to deal with emails is to become very good friends with the “delete” button and start using a timer. When I suggest this to people […]
What is a Startup?
What is a Startup? I’ve just watched the recently launched “That Startup Show” Episode 1. I highly recommend you make a pot of T and settle in for an entertaining and instructive hour dedicated to Australian Startups. The first episode focuses on “what the bleep is a startup?”. I have to admit I had “no idea” […]
Can you buy time?
Time is one of the most important assets you have. Time is not the same as money. Despite the truism “time is money” the reality is that no matter how much money you have you cannot “buy time” …. or can you? I’m wondering if it is possible to buy time. There are 24 hours a […]