The Business Behind Your Business

Do you feel like you are stuck in a rut making the same goals for your business every year because these goals are never achieved?

Maybe it's time to take a closer look at how you are setting your goals.

Paul Sweeney (Pretium Solutions) explores how goals are developed - and asks the all-important question of what lies underneath your goals, the why.

Find out how you can create a plan for your business that will actually work, with goals that are achievable.

Paul Sweeney Chartered Accountant & Business Advisor, launched Pretium Solutions after a long and successful career in accounting and business advisory. Paul credits his passion for small business with growing up in country NSW, where family-run businesses were the cornerstone of everyday life.

For Paul, the driving force behind The Business Behind Your Business was to make high end, proactive, directed and value-based advisory services available to small to medium businesses.

Paul brings to the table decades of experience as a highly qualified accountant and business advisor at every level of business. Through consulting, coaching and on-the-ground training and operations, his focus is on unlocking the untapped potential for greater profitability. Paul’s qualifications allow him to pair strategic advice with an advanced understanding of taxation and compliance matters.

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Business owners spend a lot of time thinking about the things they should be doing. What are the latest trends to get on top of? What are the newest tools you need to be using? What are your goals and targets for the year ahead?

But few business owners take the time to think about what they need to stop doing.  We all pick up habits, some good, some not so productive.  And sometimes it's useful to take a moment and evaluate what you are doing that could be making your work harder and less efficient.

Stopping these 5 activities will free up time and energy that can be better spent on making your business a success:

1. Working with bad clients
2. Checking your email constantly
3. Taking on work you aren't engaged to do
4. Storing knowledge in the business owner's head
5. Mixing personal and business expenses

Join Paul Sweeney (Pretium Solutions) as he explores some strategies for stopping these unhelpful behaviours and improve your business as a result.

Learn the fine art of saying 'no', and see where your business takes you.

Paul Sweeney Chartered Accountant & Business Advisor, launched Pretium Solutions after a long and successful career in accounting and business advisory. Paul credits his passion for small business with growing up in country NSW, where family-run businesses were the cornerstone of everyday life.

For Paul, the driving force behind The Business Behind Your Business was to make high end, proactive, directed and value-based advisory services available to small to medium businesses.

Paul brings to the table decades of experience as a highly qualified accountant and business advisor at every level of business. Through consulting, coaching and on-the-ground training and operations, his focus is on unlocking the untapped potential for greater profitability. Paul’s qualifications allow him to pair strategic advice with an advanced understanding of taxation and compliance matters.

Sign up here for additional The Business Behind Your Business resources, extras and behind the scenes features.

Ask us a question at www.speakpipe.com/thebusinessbehindyourbusiness

https://thebusinessbehindyourbusiness.com/

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Are you feeling stuck in the day to day routines of your corporate job? Have you ever dreamed of running your own business? You are not alone! Many people take the plunge into the SME waters - but is it worth it? And is it the right decision for you?

If you are thinking about making a move, then this is the episode for you!

We are joined by Wendy Minne from Nova Mentis, an accredited business coaching organisation. Wendy took that exciting leap from the corporate world to running her own successful business.

Find out what it's like to make this move and discover what skills and knowledge you'll need to run your own business. Learn how to avoid some common pitfalls. Wendy shares her valuable insights to make it a smoother transition for others thinking of making this journey.

Wendy Minne is accredited in Organisational Coaching and a Professional Certified Coach (PCC) with the International Coaching Federation. Her activities include coaching senior manager initiatives as well as young leader development. Wendy benefitted from coaching during her corporate career, and she is passionate about coaching for success at all levels.

Wendy's area of specialisation in coaching is supporting leaders and potential leaders, particularly engineers, through change and transitions. It can be confronting when engineers transition from being the expert to leading others. They step back even further from their area of expertise when they are leading leaders.

Wendy has a corporate background that includes extensive experience in leading teams through change and transition. With her understanding of the business environment and her coaching skills, Wendy supports clients through a journey of self-discovery to find strengths-based solutions and develop as leaders.

www.novamentis.com.au
Contact Wendy via her LinkedIn , email  wendy.minne2@gmail.com or phone  0413 433 808.

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Paul Sweeney, the host of The Business Behind Your Business, is back and ready for another exciting year of delving into the world of small business. 

We are settling into 2023 now with the Australian summer holidays fading into memory and busy routines returning. We are also seeing a push from many businesses to have staff back in the office after the last few years with many of us working from home. It's a period of adjustment and assessment, both personally and for our businesses.

At this time of year, there is often a rush to set goals.

Yes, that's important, but it is equally important to reflect on your business and ask yourself these vital questions:

• How am I feeling as a business owner? Exhausted? Stressed? Energised? Optimistic? Something completely different?
• Why did I go into business in the first place?
• What am I passionate about? What gives me energy?
• What's happening in my business that I don't enjoy? What saps my energy?

Time away from your business (on holidays or even just stepping out of the office and finding a quiet space) is a great time to touch base with how you as the business owner are going, both personally and in relation to your business. Are you on the same path? The right path?

Join Paul Sweeney for some important reflection in this episode. Paul also talks about the book 'Your Oxygen Mask First' by Kevin Lawrence, which has some amazing insights on leadership and keeping a good balance in life.

And remember...
You can listen any time to our past episodes on our website.

This podcast is about you, our listeners.

What advice, what solutions would make a difference to your business as it stands now?  We want to be there for you, bringing you quality information from industry experts. And because this is a podcast, you can listen whenever, wherever it suits you.

So please, get in touch with us and let us know what questions YOU want answered. podcast@thebusinessbehindyourbusiness.com

And remember, you can also leave us a message on Speakpipe - we'd love to hear from you and learn more about what you want to hear in this podcast.

Please note: the book listed is an affiliate link, meaning we receive a commission (at no extra cost to you) if you use that link to make a purchase. We really appreciate it when you use our links to check out and purchase some of the tools we use.  It helps cover our costs.

Disclosure: As an Amazon Associate we earn from qualifying purchases. 

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Maybe you've been wondering how this podcast came about?

A bunch of factors coming together resulted in Paul Sweeney wanting to create a podcast focused on content to help small business owners.

First of all, Paul comes from a small town where he saw first hand the implications of local businesses succeeding or failing and how this affected the whole community. This background inspired Paul to want to help businesses and communities professionally and led to Paul becoming a chartered accountant and certified business advisor.

Throughout Paul's career, he has built on this deep understanding and commitment to the wellbeing and success of small businesses. Paul recognised the importance of education for business owners and the difficulties many face in finding high quality advice that is also easily accessible and free.

You throw in Covid lockdowns and even more pressure on small businesses, and The Business Behind Your Business was born.

We hope you gain some inspiration from this podcast and maybe even feel motivated to continue your learning. Your small business will benefit from the time and energy you put into education, and the 'trickle down effect' of business success will ultimately benefit your family and your community.

Paul Sweeney Chartered Accountant & Business Advisor, launched Pretium Solutions after a long and successful career in accounting and business advisory. Paul credits his passion for small business with growing up in country NSW, where family-run businesses were the cornerstone of everyday life.

For Paul, the driving force behind The Business Behind Your Business was to make high end, proactive, directed and value-based advisory services available to small to medium businesses.

Paul brings to the table decades of experience as a highly qualified accountant and business advisor at every level of business. Through consulting, coaching and on-the-ground training and operations, his focus is on unlocking the untapped potential for greater profitability. Paul’s qualifications allow him to pair strategic advice with an advanced understanding of taxation and compliance matters.

Sign up here for additional The Business Behind Your Business resources, extras and behind the scenes features.

Ask us a question at www.speakpipe.com/thebusinessbehindyourbusiness

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Are you guilty of mindless spending at work? Maybe you have cash leaking from your business and you don't even realise it!

Paul Sweeney (Pretium Solutions) explores some of the most common areas where money is wasted:

• Unused or under-used subscriptions
• Unnecessary licences
• Old subscriptions from past employees
• Automatic renewals

These areas are often overlooked by business owners.

Take control of your 'zombie spending' and and improve your cash flow today.

Paul Sweeney Chartered Accountant & Business Advisor, launched Pretium Solutions after a long and successful career in accounting and business advisory. Paul credits his passion for small business with growing up in country NSW, where family-run businesses were the cornerstone of everyday life.

For Paul, the driving force behind The Business Behind Your Business was to make high end, proactive, directed and value-based advisory services available to small to medium businesses.

Paul brings to the table decades of experience as a highly qualified accountant and business advisor at every level of business. Through consulting, coaching and on-the-ground training and operations, his focus is on unlocking the untapped potential for greater profitability. Paul’s qualifications allow him to pair strategic advice with an advanced understanding of taxation and compliance matters.

Sign up here for additional The Business Behind Your Business resources, extras and behind the scenes features.

Ask us a question at www.speakpipe.com/thebusinessbehindyourbusiness

https://thebusinessbehindyourbusiness.com/

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Standard operating procedures (or SOPs) are about making things simpler at work and saving time.

The work day is full of so many tasks and it makes sense to keep things as easy as possible. SOPs help you organise and streamline your activities to make the best use of your time.

This is especially important for small business owners who may be wearing many hats and having to carry out a variety of jobs throughout the day!

Amanda Primrose, founder of Streamlined Organising, shares her knowledge on standard operating procedures and the best ways to write and use these organisational tools.

Amanda explores the different types of SOPs available and shares many tips and examples for how businesses can be improved.

Amanda Primrose has been working with small business owners for over 15 years to help clear the chaos and help them create a systemised approach for their business support functions.

Amanda created Streamlined Organising as a Virtual Assistant service to support businesses with their day to day admin.

Amanda has spent decades working in Administration with expertise in Office Management, Executive Admin and all types of general office administration tasks. She has worked with large corporate, medical, real estate, and also many years in the government sector but her passion is to work alongside Small Business Owners to support their passion for their business.

The team at Streamlined Organising loves to systemise a business including writing Standard Operating Procedures hence our discussion on this topic.

Contact Amanda at amanda@streamlinedorganising.com.au
www.streamlinedorganising.com.au

Writing Procedures – A Blog: https://streamlinedorganising.com.au/writing-procedures/

Systemology method, by David Jenyns, which Amanda refers to in the podcast: www.systemology.com

Or get the book  Systemology 

Disclosure: As an Amazon Associate we earn from qualifying purchases.

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We assume accuracy is beneficial all of the time, but perhaps not always necessary. You can think of situations where accuracy might be sacrificed for speed perhaps, creativity, or just to get the ball moving on a project. Remember the saying by  Catherine Carrigan, 'Perfect is the enemy of done.'

But when is accuracy essential in business?

Accuracy is required in your business' financial reports. This kind of information is used to make decisions for the future, to steer your business in new directions, to assess outcomes and determine fresh solutions.That is why it is so important to keep your business records up-to-date.

It's also useful to think about the opposite of accuracy, which is an error.  And if your business is full of errors, that just means a lot of wastage - in time and resources.

Paul Sweeney (Pretium Solutions) looks at these issues around accuracy, including the best ways of determining when being accurate is essential to your business, and when its not.

Paul Sweeney Chartered Accountant & Business Advisor, launched Pretium Solutions after a long and successful career in accounting and business advisory. Paul credits his passion for small business with growing up in country NSW, where family-run businesses were the cornerstone of everyday life.

For Paul, the driving force behind The Business Behind Your Business was to make high end, proactive, directed and value-based advisory services available to small to medium businesses.

Paul brings to the table decades of experience as a highly qualified accountant and business advisor at every level of business. Through consulting, coaching and on-the-ground training and operations, his focus is on unlocking the untapped potential for greater profitability. Paul’s qualifications allow him to pair strategic advice with an advanced understanding of taxation and compliance matters.

Sign up here for additional The Business Behind Your Business resources, extras and behind the scenes features.

Ask us a question at www.speakpipe.com/thebusinessbehindyourbusiness

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Running a successful business is all about the profit, right?

While being profitable is the ultimate goal of a business, one of the most important factors (and one of the biggest pain points) is management of cash flow.

So what can you do to improve your cash flow?

Paul Sweeney from Pretium Solutions explores some crucial aspects of cash flow:

• Understand what cash flow is - and how it is different to profit
• Identify problems with cash flow - what is the cause?
• How does good cash flow help make a healthy business?

For more information, download this cash flow eBook.

Paul Sweeney Chartered Accountant & Business Advisor, launched Pretium Solutions after a long and successful career in accounting and business advisory. Paul credits his passion for small business with growing up in country NSW, where family-run businesses were the cornerstone of everyday life.

For Paul, the driving force behind The Business Behind Your Business was to make high end, proactive, directed and value-based advisory services available to small to medium businesses.

Paul brings to the table decades of experience as a highly qualified accountant and business advisor at every level of business. Through consulting, coaching and on-the-ground training and operations, his focus is on unlocking the untapped potential for greater profitability. Paul’s qualifications allow him to pair strategic advice with an advanced understanding of taxation and compliance matters.

Sign up here for additional The Business Behind Your Business resources, extras and behind the scenes features.

Ask us a question at www.speakpipe.com/thebusinessbehindyourbusiness

https://thebusinessbehindyourbusiness.com/

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Running your own business is amazing, right? The freedom, the power, the money - more like, the STRESS!

Stress is something that everyone experiences, but for small business owners, it can feel extreme as you try to grapple with every problem imaginable and find solutions to please everyone. It's an uphill battle that can leave you feeling very much alone.

There are strategies to help you deal with this common issue. Fiona Kane, from Informed Health, explores some ways that business owners can better manage stress. She also takes a closer look at the links between stress and eating.

Find out what tools should be in your mental health toolkit. Learn ways to better support yourself and your team. Know the signs for when you need extra help.

Fiona Kane is an experienced and award winning Nutritional Medicine Practitioner, Holistic Counsellor and Mind Body Eating Coach. Fiona does one-on-one nutrition and coaching consultations with individuals via Telehealth video and in person at her Kurmond clinic and also runs online group health programs. Fiona is also a speaker on health and nutrition, doing workplace wellbeing and supporting gym health challenges - with appearances on 2GB, Ticker TV, 6PR, ABC Radio and Triple M.

Website:
https://informedhealth.com.au/

LinkedIn:
https://www.linkedin.com/in/fionakane/

Facebook:
https://www.facebook.com/InformedHealth/

Instagram:
https://www.instagram.com/informed_health/

Food and Mood ebook:
https://informedhealth.com.au/can-food-improve-your-mood

Strategies for Managing Emotional Eating ebook:
https://informedhealth.com.au/emotional-eating-ebook-download

Read our newsletters and/or join our mailing list:
https://informedhealth.com.au/about-us/newsletters

Linktree:
https://linktr.ee/informedhealthnutrition

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Sales is commonly listed as a problem area for businesses. But where to begin with fixing things? What can you do to improve your sales?

Nathan Williams, founder of Customer Return, joins us to look at some of the biggest sales issues faced by businesses including:

• Developing the right pitch
• Creating a sales process that works
• How you can target your 'ideal' client
• Getting repeat sales
• Making referrals work for you

Nathan Williams has won, coached clients to win and judged ‘Pitch Competitions’…while also presenting regularly for industry groups, associations and CEO networks on Pitching, Sales and Referrals.

Founder and Managing Director of a Sales Consulting company called Customer Return…Nathan holds a Master of Management from the Macquarie Graduate School of Management and has helped over 100 businesses from start - ups to Westpac and NAB to attract more of their ideal clients, faster.

Nathan’s content is practical and tactical…so you can best communicate your value and attract more of the ideal clients you deserve when you’re next in a Sales conversation and get asked…”So, what do you do?”
Contact Nathan at nathan@customerreturn.com.au

Perfect Pitch Self Evaluation – Customer Return

Free Pitch Review – Customer Return

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It's something that all businesses (and individuals) dread - a data breach. We all know by now how important it is to protect our data. But despite the tools and education available, these data breaches still happen. And sometimes, like the recent Optus breach, they are massive.

This incident has led to many important questions being asked:

• How did it happen and how can we keep it from happening again?
• What sorts of data should be kept by companies and for how long?
• Do our laws adequately govern and protect us in these circumstances?
• Where to from here?

Luke Iacovelli from UNITECH Solutions joins us for an indepth discussion of the Optus debacle, as well as general data security issues.

Find out how you can protect both your business and yourself from the uncertainty, fear and extra work caused by a data breach.

Listen to our past episodes on cyber security here:
Ep 31 - Understanding Why Cyber Security is an Issue for Your Business
Ep 32 - Steps You Can Take to Strengthen Your Business Cyber Security
Ep 33 - How Does Cyber Insurance Work?
Ep 34 - What Happens When I Have a Cyber Security Breach?

Luke Iacovelli is the Sales Manager for UNITECH Solutions. He is responsible for a team of sales personnel and helps drive corporate selling of technology solutions to suit the many different clients under his portfolio. Working within the technology industry also requires constant training & personal development across the many changes faced within this sector.

Luke has industry qualifications from key vendors such as Microsoft, HP, VMware & Citrix (just to name a few). He prides himself on keeping up-to-date with the latest technologies, so that he is able to communicate these solutions to his clients. As the Sales Manager, Luke works closely with his Sales Team on ensuring they convey quality product knowledge and the delivery of efficient, cost effective Smart Solutions for their wide range of clients.

https://www.unitech.com.au/

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As part of our celebration of our 100th episode, we asked our listeners what topic they would like covered. The consensus was to do a compilation of the best business advice from listeners.

So that is what you will find in this jam-packed episode!

We heard from business owners and professionals about the strategies that have made a positive difference in their businesses. From human resources tips, to the best mindset for business and cybersecurity must-dos, plus everything in between, we're sure you'll find some inspiration and support for your business.

Thanks again to our listeners and to all of our special guests, including our regular contributors!

Our guests in this episode include:
Paul Cripps is the founder of PK People Solutions and provides operational and strategic HR solutions in collaboration with business leaders and key stakeholders. Contact Paul Cripps at  paul@pkpeoplesolutions.com.au 

Paul Sweeney  is the host of The Business Behind Your Business podcast and the managing director of Pretium Solutions Chartered Accountant & Business Advisory. Contact Paul at www.pretiumsolutions.com.au

Raj Nathoo is a Business Growth Facilitator & Coach at Keystone Active Learning.  Contact Raj at raj.nathoo@keyactlearn.com

Jason Smith is the founder of Capital Plus Finance, a commercial finance broking company. Contact Jason at  www.capitalplusfinance.com.au

Luke Iacovelli is the Sales Manager for UNITECH Solutions, who provides IT and technology solutions for businesses. Contact Luke at www.unitech.com.au

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Delegation can be a great tool for business owners to use - but only if used correctly! Otherwise, employees can feel resentful ("I'm getting the jobs no one else wants!") or overwhelmed ("This isn't my job, why am I doing it? I have no idea what to do!")

Raj Nathoo from Keystone Active Learning shares some helpful tips on using delegation successfully.

Find out why it's important to understand your employees' strengths and abilities before you start delegating tasks. When done properly, staff feel empowered and the business runs more efficiently.

Contact Raj for more information  or assistance at raj.nathoo@keyactlearn.com

Raj Nathoo  is a Business Growth Facilitator & Coach at Keystone Active Learning.  He is driven by wanting to make a positive difference by working with individuals and organisations in their endeavor to succeed and grow. Raj has a multitude of skills and experiences as an entrepreneur, and understands the stresses and indecision faced when trying to grow a business.

As a learning and development consultant, he has worked with managers and staff in identifying needs and how they can be incorporated into a strategic learning plan to help grow an organisation. Raj has a passion for working with SMEs that are keen to grow and implement new world thinking and concepts.

As an entrepreneur, Raj understands the stresses and indecisions that entrepreneurs face in the desire to grow their business and deliver a positive return on their investment. Raj’s accounting background, coupled with practical know-how, has helped him to identify key constraints in small businesses and advise clients on the best possible methods of overcoming challenges.

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Do you need to know more about your customers or competition? What about trends affecting your industry? Or generational shifts in society?

Successful businesses are all about providing great solutions to difficult problems faced by your customers. To make sure you are on the right path, it is crucial to have the right information to build your business.

Access to data can help your business grow and thrive. It can help you make evidence-based, informed decisions for your business.

And there's also changes in the workforce to keep tabs on! Generation Alpha are our future workers.

So how can you have your finger on the pulse of what is happening in the world around you? By accessing data and advice from researchers!

Ashley Fell from McCrindle joins us to show how they turn complicated data into useful and engaging insights that can help businesses make key decisions.

Ashley Fell is a social researcher, author and TEDx speaker. She is the Director of Advisory at McCrindle and the author of two books, Generation Alpha and Work Wellbeing. In addition to delivering keynote presentations at conferences, Ashley is booked to conduct training days, facilitate panels and deliver workshops across an array of industries. From generational change to the impact of technology, from key demographic transformations to social trends, Ashley delivers research-based presentations analysing global megatrends.

https://mccrindle.com.au/
https://analyseaustralia.com/
https://generationalpha.com/

Check out these books by Ashley Fell & Mark McCrindle:
Work Well Being: Leading thriving teams in rapidly changing times 

Generation Alpha

Disclosure: As an Amazon Associate we earn from qualifying purchases, meaning we receive a commission (at no extra cost to you) if you use that link to make a purchase. We really appreciate it when you use our links to check out and purchase some of the tools we use.  It helps cover our costs.

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We'll be back after a short break - there's more podcast episodes to come

It's been a busy year! Between running a small business, sharing business information in this podcast and keeping up with family, we are always hopping! We have decided to take a short break from producing weekly podcast episodes, but rest assured, we'll be back with more content to help you run a successful business!

Upcoming episodes include a focus on market research and how it can help you grow your business, delegation tips, plus more legal expertise from our friends at Frank Law!

If there is a topic that you want to know more about, please send in your ideas and questions here: https://www.speakpipe.com/TheBusinessBehindYourBusiness​

In the meantime, check out all of our episodes at https://thebusinessbehindyourbusiness.com/category/podcasts/​

We'll be back 11th Oct so listen out for us then.

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Does your business rely on labour?

An aging population and falling immigration rates already reduced our labour market and then COVID-19 made staffing challenges that much harder. 

So how can your business grow and prosper during these challenging times?

Paul Cripps from PK People Solutions explores the issues around labour shortages and provides some ideas for how businesses can successfully navigate these problems.

Key insights include the importance of the following:

• Better planning and problem solving in businesses to deal with labour shortages, supply chain issues and customer needs
• Getting employees aligned to the business - every business needs a solid team
• Retention of key employees through:
  • Improved communication between employers and employees
  • Check in with your employees - why did you join the business and what makes you stay?
  • Suitable pay and flexible working conditions for employees

Check out the resources discussed by Paul here: Standing Tall Through Labour Shortages

Paul Cripps, founder of PK People Solutions, provides operational and strategic HR solutions in collaboration with business leaders and key stakeholders He helps businesses to align the activity of their workforce to the business strategy to improve performance and profitability Paul is a licensed member of the HR Coach Network – the largest independent HR Coaching Network in Australia. His HR corporate career has spanned over 20 years (in Australia and the UK) for QBE Insurance, GE, Allianz, Willis Towers Watson and BNY Mellon.

Contact Paul Cripps at paul@pkpeoplesolutions.com.au
https://www.pkpeoplesolutions.com.au/

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Getting a tax refund is good, right? Everyone loves a tax refund!

But, if this tax refund is for your business, then it may be a sign of trouble! It's time for a closer look at what is happening in your business.

Find out why tax refunds are bad for business in this episode with Paul Sweeney, from Pretium Solutions.

Hint: it's all about the cash flow!

Luckily, there are things you can do to improve your business and avoid any future anxiety at tax time. It's important to find out what is really going on in your business and get to the heart of any issues before they grow.

Here are some of the key things you need to do:

• Have a good understanding of your financial figures and keep them up-to-date and accurate
• Talk to your accountant regularly (not just at tax time!) and get their advice - make sure you understand how taxation works with your business and how it fits with your financial figures

Paul Sweeney Chartered Accountant & Business Advisor, launched Pretium Solutions after a long and successful career in accounting and business advisory. Paul credits his passion for small business with growing up in country NSW, where family-run businesses were the cornerstone of everyday life.

For Paul, the driving force behind The Business Behind Your Business was to make high end, proactive, directed and value-based advisory services available to small to medium businesses.

Paul brings to the table decades of experience as a highly qualified accountant and business advisor at every level of business. Through consulting, coaching and on-the-ground training and operations, his focus is on unlocking the untapped potential for greater profitability. Paul’s qualifications allow him to pair strategic advice with an advanced understanding of taxation and compliance matters.

Sign up here for additional The Business Behind Your Business resources, extras and behind the scenes features.

Ask us a question at www.speakpipe.com/thebusinessbehindyourbusiness

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The premise of 'keep it simple' has been widely used and helpful for many people in many scenarios. It's about not overcomplicating things which can leave room for problems to develop.

'Keeping it simple' also applies to business. As a business owner, the more complicated you make things, the more steps that you add in a process, the more errors you may be introducing into your business.

Just like the children's game of 'telephone' where a secret message is whispered from one child to the next until the end result is nothing like the original message, the more steps your business processes have, the greater the chance of an error developing.

The key to keeping it simple at work is elimination. Look at all of the steps in a particular task and ask yourself these important questions:

• Is it really necessary to do this step?
• Does it assist me in achieving my goals?

If yes, then carry on!
If the answer is no, then remove the step and shorten the process.

Unnecessary complexity costs your business time and money, so remember to simplify whenever you can. Your time, energy and money can be better spent somewhere else in your business.

Join Paul Sweeney (Pretium Solutions) for this exploration of how you can simplify processes in your business to develop better outcomes, as well as free up your own time.

Paul Sweeney Chartered Accountant & Business Advisor, launched Pretium Solutions after a long and successful career in accounting and business advisory. Paul credits his passion for small business with growing up in country NSW, where family-run businesses were the cornerstone of everyday life.

For Paul, the driving force behind The Business Behind Your Business was to make high end, proactive, directed and value-based advisory services available to small to medium businesses.

Paul brings to the table decades of experience as a highly qualified accountant and business advisor at every level of business. Through consulting, coaching and on-the-ground training and operations, his focus is on unlocking the untapped potential for greater profitability. Paul’s qualifications allow him to pair strategic advice with an advanced understanding of taxation and compliance matters.

Sign up here for additional The Business Behind Your Business resources, extras and behind the scenes features.

Ask us a question at www.speakpipe.com/thebusinessbehindyourbusiness

https://thebusinessbehindyourbusiness.com/

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You may have heard that Australia is adopting eInvoicing, a new standard and network to help businesses with their invoicing needs.

Larissa Walker, the ATO's eInvoicing Business Adoption Lead, joins us to raise awareness of eInvoicing and to share information on the many benefits to businesses.

When we're talking about eInvoicing, this isn't just the act of emailing your invoice to another business and expecting payment. eInvoicing is a new method to exchange invoices that is revolutionising invoicing.

Small businesses will be able to access eInvoicing through their cloud accounting systems. eInvoices are sent to businesses directly through the accounting software via the eInvoicing network by using a business's ABN as an address. It is very simple to set up and use.

Everything is online and more secure than email.

It means there is no more data entry and you'll get more accurate invoices, fewer mistakes and no more lost invoices.

It also reduces the risk of invoice fraud and scams.

Learn more about eInvoicing from the ATO or register your business for eInvoicing.


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