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Investing in property, are you sure?

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If driven correctly, property investments can be a very successful investment “vehicle” because they can yield very good profits. Although property investment can be relatively advantageous, there are certain risks inherent in the investment process. To ensure a positive outcome, it is always important to understand and manage these risks.

Just like what most people say and believe, there is no profit without risk in any field most especially with property investment. Generally, risks in property investment in Perth WA are far more than potential rewards. So, always advisable to understand the risk factors before investing to minimise the risks associated with it.

Luckily, an article published at PerthNow can help you to know the risks involved with real estate investment. The article can help you understand what makes this type of investment risky.

You can check out the article here: http://www.perthnow.com.au/realestate/experts/investing-in-property-are-you-sure/story-fnhlgpcv-1226648298246

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Employing People

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Hiring and recruiting the right people who will represent you and your company is very essential and it doesn’t matter how small your business is. Culture and values are just as important to small and medium-sized businesses as it to large corporations.

Moreover, your employees are one of your Perth business‘ greatest assets. Once you already have your productive staff, everything in your business will work well. They can play a very important role for your business’s success; they can bring exciting, dynamic ideas and possibilities.

An article published at smallbusiness.wa.gov.au can help you understand some of the most important things you need to learn about employment – the definition of employment, the types of employment, your obligations as an employer, the steps of recruitment selection etc.

You can check out the full article here: http://www.smallbusiness.wa.gov.au/employing-people

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Business Plan

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Do you have an idea how important a business plan is? Your business plan is like your company’s calling card. It allows you to speak directly to your investors because it contains relevant information that can influence your business decisions. It is more than just a plan about your business; it is also your communication tool selling your marketing, sales and operations.

However, you should use your business plan to present business concepts in a way other people can understand. You should focus exactly on what you want to achieve, where you want to go and how you plan to get it there.

For more information about business plan, you can check out an article published by the Small Business Development Corporation Western Australia. It talks about industrial analysis, marketing plan, etc.

Read the full article here: http://www.smallbusiness.wa.gov.au/business-plan

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Product Innovation

Nowadays, it is not enough to just make quality products to maintain your share in the market. Every company needs to have innovative products in order for them to survive today’s competition. That is because consumers do not want products that are described as out of date; if you will not improve your products, you will surely loss your market share.

Product innovation is the development done by companies to make better products for the consumer. These new products improve on the usefulness of the same products of the market. Companies that always try to produce innovative products are able to give themselves advantage over their competitors.

For more information about product innovation, you can check out an article posted at Small Business Corporation Western Australia, which talks about some of the most important things you need to learn about product information.

Read the full article here: http://www.smallbusiness.wa.gov.au/product-innovation

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Credit Management

Having good credit report can give you good advantages in achieving your plans by establishing your creditworthiness. Everyone should understand that managing your credit well is very important because it is your key to maintain a good credit report.

Moreover, you should also understand that bad finances can bring you a lot of problems. So, whether you own a small or big business, you should be responsible with your finances so that you can have a well-managed life.

An article posted at smallbusiness.wa.gov.au can help you to understand credit management very well. The article can help you understand what credit management is, what the credit application process is and what debt recovery is.

You can read the full article here: http://www.smallbusiness.wa.gov.au/credit-management/

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Importing

No country is self-sufficient no matter how rich it is, how small or big it is. Even the most powerful countries need raw materials from other countries in order to produce products that are needed by other countries as well.

Today, international trading has become more convenient, safer and easier because products can now be purchased online and transactions are a lot faster. Moreover, most of the “hard-to-comply” government trading rules have been revised and improved for a suaver trading flow. These encouraged a lot of entrepreneurs to engage in importing.

An article posted at smallbusiness.wa.gov.au talks about small business importing. From planning tips to getting your import licenses, the article will teach you how to do the importing process and how to effectively take advantage of its benefits.

Read the full article here: http://www.smallbusiness.wa.gov.au/importing/

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Retire by 50

We all know that there are a lot of people working for government or private organisations who are not happy on what they’re doing. So they would like to quit their job and retire young. And also, there are some businessmen who want to earn a lot of money as soon as possible so that they can retire as early as before they turn 50.

However, it is very ironic that those who do well enough to stop working early are often the type of people who love what they do so much that they want to keep going.

Christopher Niesche of watoday.com has posted a very interesting article which talks about some ideas on how to retire at the age of 50. These tips are very good for small business owners even if you’re not the type of person who wants to retire early; it’s still nice to have that choice.

You can read the full article here: http://www.watoday.com.au/small-business/managing/how-to-retire-by-50-20130611-2o25y.html

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Want to know the secret to social media?

If your business has not started social media as the medium of your marketing strategy, then you are wasting valuable opportunity that could easily and effective bring you new clients and customers. Social media is considered as one of most convenient and most efficient marketing strategies because it pulls your leads to you, instead of you trying to find them.

This low cost marketing method has better returns on investment than other forms of promotion making it one of the most effective advertising methods you can use. Facebook, Twitter, G+, LinkedIn and Pinterest are some of the biggest social networking sites we have nowadays.

An article published by Nina Hendy at My Small Business illustrates some social media marketing secrets you can use with your marketing and advertising strategy. It can explain to you the importance of social networking sites to your business and how to properly use it.

You can check out the full article here:  http://www.watoday.com.au/small-business/want-to-know-the-secret-to-social-media-20130331-2h11n.html

Posted by Adam Driscoll on

Why Haven’t You Started Your Financial Planning in Perth?

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Many individuals often find themselves short on cash and already in panic mode because they do now know where to get the money to pay for utilities, bills, and worse; emergencies.

 

Why is financial planning important? The tough economic conditions that we experience these days should encourage all Australians to stash a little bit of our regular income or salary for tough financial days; and also to secure our future retirement though we are decades away from this stage in life.

There is no question that financial planning is extremely essential. The real questions is not actually as to why financial planning is important; but more so, why haven’t you started on your financial planning? Financial planning should also already be one of our main priorities. This is with regards to the money we spend and the money we earn on the regular basis.

For some, they even hire a financial planner to help them make smart financial decisions. They are experienced and knowledgeable about the certain investments that are good and bad for you.

When talking about planning your finances, the first thing that comes to mind is security. All of us want to be secured financially and we should be extremely careful with our financial decisions as you can lose everything if you are not careful.

For sure nobody likes to end up in bankruptcy. If we have been working hard enough for most our lives; it’s only fair that we get to enjoy the fruits of our labour when we decide to retire.

Therefore, even if you are still young, you should start planning your finances as early as today. Not only it will help you secure your retirement, but it may also help you purchase properties, finances your children’s education, etc.

Posted by Adam Driscoll on

3 key tips on how to determine your bathroom renovation costs

 

Bathroom renovation is always a stressful undertaking and normally takes a lot of time. At the same time, this type of renovation is also expensive that is why it is always a smart move to calculate how much it will cost you before you jump your feet into this procedure.

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Having a clear idea on how much exactly your bathroom renovation will be will help you determine whether you can actually afford it or if it is a better idea to wait for some more time until you’re financially ready.

Calculating the cost of your bathroom renovation to every cent may be impossible. That is because the chance of unexpected instances can always happen in most renovation projects. These instances are pretty impossible to predict but by following the 5 tips below, you will be able to calculate the total cost, at least approximately, of your bathroom renovation:

Which fixtures need to be replaced?

Knowing which bathroom fixtures you need to buy is the easiest part of calculating your renovation’s cost. All you need to do is to determine which items need to be replaced and knowing how much money these fixtures will cost you. The overall cost will obviously depend on the quantity, quality and brand of the bathroom fixtures that you will be purchasing.

The extent of your renovation

Of course, more complicated and extensive renovations are normally more expensive. Hence if you would like to make your bathroom extravagant packed with luxurious lighting and fixtures, then you should expect that it will cost you a lot of money.

The current condition of your bathroom

Another key determinant on how your bathroom renovation will cost you is the present condition of your bathroom. Does your bathroom currently have some special issues such as moulds, broken showers and bathtubs, electrical problems, etc? If the answer is yes, then you should expect these additional charges your renovators will ask from you for the professional cleaning service. These issues are very important to be fixed because they might cause accidents or health issues.

These things are very important to determine before you start your bathroom renovation project. These factors can not only help you be prepared financially, but they can also help you become ready in some other aspects of refurbishing a bathroom.