Category: Business
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Should You Really Set Up a Self-Managed Super Fund (SMSF)? The Brutal Truth
Right now, there’s a lot of noise about setting up self-managed super funds. Having complete control over your super, choosing your investments, and building your wealth can sound very attractive, but is it right for you? The truth is: for some, an SMSF can be a fantastic vehicle. For others, it can be an expensive…
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ATO Crackdown: Why Small Biz Is in the Firing Line
The ATO Is Done Playing Nice: What Every Business Owner Needs to Know Right Now Winter is here — and it’s not just the weather. The financial chill is real if you’re a business owner in Australia. The economy is tight, the market’s brutal, and things will get tougher if you’re not entirely across your…
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How to Choose the Right Business Partner (and Avoid a Business Breakup)
Talk to any lawyer about business partnerships and they’ll probably say one thing: “Don’t do it.”Too many partnerships fall apart, not from bad intentions but from mismatched expectations, poor communication, or simply picking the wrong person. But when done right, a business partnership can be one of the most powerful ways to grow your business,…
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From Dream to Disaster: 5 Steps That Save Startups
Thinking About Starting a Business? Read This First. Starting a business can feel like the ultimate dream: freedom, flexibility, and doing things your way. But here’s the reality. Around 14% of businesses in Australia shut down every year, often due to a lack of planning, unclear direction, or just diving in without the right support.…
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The Tax Planning Wake-Up Call Every Business Owner Needs
It’s May. That means the end of the financial year (EOFY) is coming fast. If you’re a business owner or individual with income on the books, it’s time to ask yourself: Are you prepared… or about to hand the ATO a bigger cheque than necessary? At NGR Accounting, May and June are the “power months”…
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Networking Without the Awkwardness: How to Build Your Business Through Better Connections
When most people hear the word networking, they either roll their eyes or break out in a cold sweat.But here’s the truth: If you want to grow your business, you NEED to network. The good news?Networking doesn’t have to be awkward, pushy, or salesy.You’re probably already doing it — you need a little structure to…
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When Profit First Isn’t Enough: What To Do When You’re Drowning in Business Debt
You’ve done everything “right.”✔️ You’ve cut expenses.✔️ You’ve improved systems.✔️ You’ve implemented Profit First. But something is still off.You’re working harder than ever… and yet the debt still seems to suffocate you. If this sounds like you, this isn’t just a rough patch—it’s a sign of something more profound. And this blog is your wake-up…
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External Factors VS Internal Power: Who’s really in charge?
Running a business in today’s world? It’s no walk in the park. Between rising interest rates, shifting regulations, and unexpected global shake-ups (hi again, Trump), it can feel like your business is constantly under attack from all directions. But here’s the truth:There are two kinds of challenges in business — external and internal.And only one…
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The 5 Step Fix for a Broken Business
If you’re tired of pouring your heart and soul into your business only to feel like you’re getting nowhere financially, this post is for you. It’s not your fault. Most business owners are so focused on the day-to-day grind that they never step back to look at their numbers. But here’s the truth: If you…
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What Would You Do with an Extra $100K in Profit This Year?
Imagine waking up tomorrow with an extra $100,000 in profit sitting in your bank account. Would you expand your business? Finally take that dream holiday? Build long-term wealth? Or just breathe easier knowing you’re financially secure? Most business owners assume that kind of money is out of reach. But here’s the reality: The money is…
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Profit First got me HERE!
In the latest episode of The Profit Generator Show, Nathan reflects on his family holiday to Thailand and dives into the powerful lessons learned both abroad and in business. Drawing on his 25 years of experience as an accountant, Nathan shares the patterns of financial crisis he’s seen in small businesses and how implementing the…
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STOP the Cash Crisis
Cash flow is the heartbeat of every successful business. Without it, even profitable ventures can find themselves struggling to stay afloat. Today, we’re diving into cash flow essentials and strategies, particularly for medium-sized businesses with turnover between $2-10 million. Why Cash Flow Matters More Than RevenueCash flow isn’t just about revenue; it’s the movement of…
