Hong Kong or Singapore? Spring Sell More for Less.
September 2010 Many businesses face the cussions which encourage such
Businesses both small and medium ignore at their own peril the importance of the Asian market. And challenge of trying to in- advertising.
whilst China is seen as the growth engine supporting Australia, Hong Kong and Singapore present crease sales but have Telephone calls can be
great opportunities to Australian businesses. problems with the cost. used but should not be When paying bills or
Below are a few low cost a primary method as at a restaurant, leave
Of course one of the positive aspects is the proximity to Australia of two major sources for business- examples. they may not always your business card
men wanting a holiday. Both cities are a complete contrast to one another and provide the business Firstly identify who you be effective.
tourist with different forms of relation; from the clean, almost sterile atmosphere of Singapore to fren- Follow newspaper ar-
want as a customer and Direct mail pieces us- ticles and follow up
zied bustle of Hong Kong’s throngs. Both cities offer very different opportunities for tourist and for specifically target them. ing letter-box drops or interesting articles
postal boxes for a with a letter of intro-
Try these methods: more general cover- duction.
If you have not ventured to either of these cities, now might be the time to consider such a trip whilst
airlines offer bargain prices! age.
Personalised letter to There are other ideas out
target clients Leave business cards there; ask us or send us
Carry out a random act of kindness, with no expectation of reward, safe in the at various businesses your ideas.
Use email to open dis-
knowledge that one day someone might do the same for you.
- Diana Spencer -
Small business, big issues.
Business Services Shopping Guide A recent study of small day on book-keeping. providing high
business owners showed This reduces the amount quality customer
that seventy-two percent of “valuable time that service is stressful
personally manage the would be better invested 73% say managing
Bardi Management Group Taxation B A RD I MA N A G E ME N T G R O U P P T Y financial reporting for in growing their busi- cash flow is a con-
Barry Crockford is a registered tax L I MI T E D
provides a wide range of services their business, taking up ness” says Matthew Moy, cern; and
agent and can provide you with a to 30 hours of their time Business Service Divi- 66% worry about
to assist small to medium compa-
professional & personal service annually. sion Principal for MGI business productiv-
nies. These services are provided Suit 5,57 Bells Line Of Road,
BARDI MANAGEMENT GROUP PTY LIMITED
North Richmond, 2754 Sydney. ity
by competent and qualified staff Employment It also indicated that
PO Box 129, North Richmond.2754
members who are trained to pro- Licensed Employment Agents - more than two thirds Additional figures:
BRW Magazine June-
vide you, our customer with the Recruitment Staff Training and spend over 2 hours each 76% of owners say
highest quality service possible. Phone: (02) 45713599
Fax: (02) 45712548
Your Own Super Fund.
Business Development Web: www.bardi.com.au
Market research, Conferences,
The Next Step Programme Sales Seminars, Literature and
There is a growing demand by many small business operations to form their
own DIY super fund. Why?
Strategic Planning Your Next Step in Business 1. Gives them the control over the funds in super
Book Keeping/Accounting Development.
Marketing & Business Plans 2. Enables them to invest in property or shares that achieves their long term
Financial Reports, Monthly Re- goals
Management ports, Bookkeeping, GST, New
3. Enables the purchase of their business premises to lower cost and give long
Professional management support Company Formation This newsletter is produced for information only term security.
with experienced consultants, and without assuming responsibility for the views
Inquire about fixed annual expressed. It contains general information and Interested? Then give us a call for more details.
coaches and motivators. should not be relied upon as a substitute for
quotes for accounting services financial or other professional advice— September
If you already have a DIY Super Fund it will need to be audited; our company
which can include regular man- Bardi Management Group Pty Limited has the approval to offer that service so please do not hesitate to contact us for
Suit 5,57 Bells line of Road, North Richmond.
agement advice and coaching 2754. (02)45713599 a quote (02) 4571 3599
Remember: You may delay, but time will not.
Benjamin Franklin (1706- 1790)
Business Disaster. A National Approach to Occupational Health
Recently one of our clients had a The people who needed the ser- and Safety.
motor in the shop blow up and vice went elsewhere; they had
cause a fire. Whilst the shop was become used to the new supplier Australia is currently developing Codes of Practice will provide can attract serious penalties. Un-
not destroyed, significant dam- and saw no reason to return. a nationally consistent approach businesses with the practical der the new model, penalties will
age was done to the premises. to Occupational Health and guidance on how to achieve the vary depending on the nature of
Business however, with a lot of Safety (OHS). Safe Work Aus- requirements of the Act and the breach and the state and/or
This resulted in the shop being work and cost, customers have tralia is the principal organisa- Regulations. The draft Safe territory in which the breach oc-
closed for approximately 2 progressively returned. It is tion driving the development Work Act 2009 (Model Safe curs. However, it is proposed
weeks whilst the repairs and hoped that the business will through the harmonisation of Work Provisions) is currently that the most serious breaches
renovations were carried out. make a full recovery. OHS legislation. available on the Safe Work Aus- can attract penalties of up to $3
tralia website at million for businesses and
The model Act will set out the
When the shop reopened busi- How would you cope if such a www.safeworkaustralia.gov.au $500,000 for individuals, as well
general duties of care in relation
ness did not instantly return. disaster struck your business? as up to 5 years imprisonment.
to OHS. The model Regulations Business owners need to be
Call us now for assistance (02) will provide more detailed re- aware that breaches of the OHS The new laws come into place
4571 3599. quirements. Finally, the model laws are criminal offences and on January 1st, 2012.
Tax relief given a break. Google: the new Brainiac?
Why Banks are Ignoring Small Businesses.
The tax relief on savings, as recommended by Google’s venture to create a worldwide computer
the Henry tax review has been postponed - for at is slowly taking shape. In 2004 they discussed the Banks are the primary source of blame, the issue remains that for every dollar finds its way to
least 12 months. CEO of the National Institute of idea of making Google more than just a search financing for small businesses banks are leaving less money for the small business owners.
Accountants, Andrew Conway, has said that the engine. They wanted “to have the entire world’s and yet it appears they see many small businesses.
The portion is not getting better
delay is a bad move and that what they need are knowledge connected to your mind,” was Sergey of these businesses as poor or
The more you are willing to and without Federal government
greater incentives to encourage people to save. Brin’s explanation of their Utility Computer con- bad investments.
accept responsibility for your intervention banks will consider
cept. the direction taken by a foreign
The 50% discount offered on the first $1000 of “Just as we buy our electricity from large gener- The global financial crisis was actions, the more credibility
interest earned on deposits, which was the gov- the first excuse the banks gave you will have. banking committee - The Basel
ating utilities linked by grids of wires, we’ll be Committee - and further reduce
ernments initial commitment has been deferred for the lack of funding. This was - Brian Koslow-
buying our computing that way too from world- loan ratios and raise rates due to
in favour of funding for the rural independents. followed by the uncertain eco-
wide computer utilities linked by the internet” perceived greater risk.
nomic condition. Now they According to BRW Magazine,
Andrew Heathcote - BRW September 2010 blame a foreign based bank com- banks whose ratio of home loans The issue: Is the Federal govern-
John C Lyons - BRW September 2010 mittee for the problem. to business loans was dollar for ment prepared to take action
dollar only 10 years ago has de- which will curtail the dominance
Bad Debts. No matter where they place the creased, and now only 60 cents of big banks?
Every business who gives credit afraid to ask probing ques- payments, and part paying
to customers faces the issue of tions of these references. accounts can all be danger Finance for Your Business.
bad debts. It is a business risk signs.
we all must accept; however we Establish credit limits and
ensure they are enforced Ensure credit terms are We have for a number of years directed our own finance needs to a single
can minimise that risk by taking source. This company has served us well and in more recent times has success-
some simple precautions. after fully explaining your adhered to.
terms to the new client. fully found lease and mortgage finance for many of our customers.
Obtain a personal guaran-
Here are a few rules: Monitor purchasing and tee from companies where They now have a link on our website. The firm is:
Do not give credit without payment activity closely appropriate.
looking for any unusual Lendcorp Pty Ltd
a complete check of the Telephone: 4722 2800
clients credit history and charges. Sudden or signifi- Remember no matter how large
cant increases in pur- or important the order is, with- Contact: Neville Hearn
references. Do not be out payment it is worthless.
chases, missing regular If needing finance contact Neville and mention Bardi for special service.
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