Author Archives: SRF Chartered Accountants

Are you struggling with accounting or other financial management matters? You’re not alone. Finance management is one of the top challenges of many small business owners across the country. Accounting is a significant stressor for some, especially when you’re doing it on your own. But it doesn’t have to be complicated. With the right tools and strategies, […]

For many, entrepreneurship is an adventure. You chase your next big idea, turn it into a business, and live happily ever after. Easy, right? What you don’t see in this story, however, is what happens between ideation and success. Yes, building your own business is exciting. But the fun of being an entrepreneur comes with days and[…]

A healthy work-life balance reduces a person’s risk of burning out and quitting their jobs. It also helps improve their physical and emotional wellbeing. According to research, Australia ranked 27th out of 35 countries in terms of work-life balance. Although many individual factors affect a person’s capability to develop work-life balance, organisations could lend a hand to[…]

Just as a fisherman must watch the ebb and flow of the tides, an investor and businessperson must be keenly aware of the subtle shifts in cash flow. – Robert Kiyosaki Sometimes, it’s not the lack of sales that causes a business to fall into difficult times, but poor cash flow management. Accurate cash flow forecasting helps[…]

For many small businesses, bookkeeping can be a tedious process. It could take hours of your time, which you could be spending on other important things like managing your company. Fortunately, cloud-based accounting apps and platforms are now available to help you keep your books up-to-date. Cloud accounting solutions like MYOB and Xero offers a variety of features,[…]

Success doesn’t happen overnight and going through some difficult times is a reality that every entrepreneur should face. We all want to have successful businesses. Unfortunately, the journey may not always be smooth-sailing. Are you feeling stressed and overwhelmed with everything you have to do? You’re not alone. Research shows that 45% of entrepreneurs feel stressed out.[…]

Times and conditions change so rapidly that we must keep our aim constantly focused on the future. — Walt Disney As 2019 comes to a close, it’s time to set our sights on another year. What could be a better way to do so than by learning about business trends to watch out for in 2020? 1.[…]

In truth, many companies fail not because of insufficient capital but because of lack of attention to details in the business plan and execution.

Many businesses fail not because they don’t have visions for their organizations. They fail because they don’t have a plan on how to achieve their goals. Without a roadmap, you could get lost in the day-to-day management of your company.