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Build Grow Run

EFS Richmond / Tweed (Tweed Heads)

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December 7, 2020 · Newsletter

Christmas Edition!

We hope you enjoy our ๐ŸŽ„ Christmas ๐ŸŽ„ edition.

In this issue:

Our first E-book is now live!

Our e-book is jam-packed full of wisdom and words of advice from businesses we have supported! (pictured at launch above)

DOWNLOAD IT FOR FREE TODAY!

  • โ€‹Industry news
  • Our business tip of the month
  • New clients and our advice snapshot

OUR OFFICE IS CLOSED FROM 18 DECEMBER – 11 JANUARY 2020

Bookings are now limited for 2020… please get in quickly to book.

Book my advice session today

Don’t forget to follow us on social media.


INDUSTRY NEWS

โ€œBig shoes to fillโ€ : Who will succeed Kate Carnell as Australiaโ€™s next small business ombudsman?

There will soon be a very important job vacancy that is of vital significance to the small business community in Australia. This is the role of the Australian Small Business and Family Enterprise Ombudsman (ASBFEO), which is currently held by Kate Carnell.

Kate departs her role at the end of March 2021 after finishing her five-year contract, and leaves big shoes to fill at a critical time โ€” a time when small and family businesses are striving to recover from the COVID19 economic downturn.

Learn more >>


Small business trends for 2021: Two-way communication, empathy and shopping local

According to research by the nbn, Australians upped their online shopping by 49% during the pandemic โ€” and thereโ€™s no going back now. The good news is a surge in community feeling has small businesses uniquely positioned to take advantage of this increase in online trade. Digital and other trends for small business in 2021.

Read more >>


Spend With Us and support small rural businesses across Australia

A large Facebook group, Buy From a Bush Business, which has now grown to over 300,000 strong. It’s a way to help Australians support Australians by getting money circulating in local economies.

Spend With Us is a marketplace community that expanded the reach of a small local businesses Australia-wide.

Read more >>


NEW CLIENT UPDATE

Our new clientsโ€ฆ Hands4Floral and amazing business that creates artistry in floral and botanicals aimed at the film and wedding market, a home makeover specialist Smart Home Styling.

The work we co-create with clients is confidential and so you might see business names here, this might not be what we are working on with these clients!


BUSINESS TIP OF THE MONTH

Option B: Facing Adversity, Building Resilience and Finding Joy

After the sudden death of her husband, Sheryl Sandberg Facebookโ€™s chief operating officer, felt certain that she and her children would never feel pure joy again. โ€œI was in โ€˜the void,โ€™โ€ she writes, โ€œa vast emptiness that fills your heart and lungs and restricts your ability to think or even breathe.โ€

Her friend Adam Grant, a psychologist, told her there are concrete steps people can take to recover and rebound from life-shattering experiences. We are not born with a fixed amount of resilience. It is a muscle that everyone can build.

Resilience in a workplace context, is โ€œthe capacity to manage the everyday stress of work while staying healthy, adaptable and learn from setbacks and prepare for future challenges proactively.โ€ In other words, it is not just about coping, but also personal growth and workplace fit.

The book, โ€˜Option B:  Facing Adversity, Building Resilience, and Finding Joyโ€™ combines Sherylโ€™s personal insights with Adamโ€™s eye-opening research on finding strength in the face of adversity.

Beginning with the gut-wrenching moment when she finds her husband, Dave Goldberg, collapsed on a gym floor, Sheryl opens up her heart – and her journal – to describe the acute grief and isolation she felt in the wake of his death. But Option B goes beyond Sherylโ€™s loss to explore how a broad range of people have overcome hardships including illness, job loss, sexual assault, natural disasters, and the violence of war. Their stories reveal the capacity of the human spirit to persevere . . . and to rediscover joy.

See a copy of the SPARKS presentation on RESILIENCE

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Next Post: 6 Step Plan To Turn Your Idea into a Business »

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Buildgrowrun | Phil & Ellie
A friendly reminder! Be a doer and not just a drea A friendly reminder! Be a doer and not just a dreamer! โ €โ €โ €โ €โ €โ €โ €โ €โ €
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Type yes if you agree โฌ‡๏ธโ €โ €โ €โ €โ €โ €โ €โ €โ €
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#goaldigger #doittoday #goaldiggersโ €โ €โ €โ €โ €โ €โ €โ €โ €
#beallthatyoucanbe #slayyourgoals #nomoreexcuses
A global pandemic, our first recession in three de A global pandemic, our first recession in three decades and unprecedented upheaval. Obviously, the number of businesses going under skyrocketed, right? Wrong.

Massive economy-saving programs like the $90 billion JobKeeper wage subsidy and 'safe harbour' laws that protected businesses through the uncertainty of the pandemic meant the number of insolvencies fell almost in half.

But those programs, and protections, are over.
For many small businesses, tough decisions now need to be faced.

๐—ฅ๐—ฒ๐—ฑ ๐—ณ๐—น๐—ฎ๐—ด๐˜€ ๐˜๐—ผ ๐˜„๐—ฎ๐˜๐—ฐ๐—ต ๐—ณ๐—ผ๐—ฟ
According to Ms Farmer, there are several 'red flag' indicators that can tell business owners they need to seek help.

โ—พ๏ธFaltering cash flow:
"Does the company have sufficient cash to pay its debts as and when they fall due? That's the very definition of insolvency used in the Corporations Act."

โ—พ๏ธNot opening mail or answering the phone:
"They're not wanting to see letters of demand and statutory demands, so there's an element of mental depression about how to deal with matters."

โ—พ๏ธNo more credit:
"If the business is running at maximum overdraft and can't get any other finance, that's an indication."

๐—š๐—ฒ๐˜ ๐—ต๐—ฒ๐—น๐—ฝ ๐—ฒ๐—ฎ๐—ฟ๐—น๐˜†
"Almost always, small business seek advice too late," said Shabnam Amirbeaggi, managing partner of insolvency practice Crouch Amirbeaggi.

๐—ง๐—ผ๐˜‚๐—ด๐—ต ๐—”๐—ฝ๐—ฟ๐—ถ๐—น
There are more reasons April will be difficult for small to medium businesses (SMEs).

Many supports including state-based grants, payroll tax relief, rent deferral and Tax Office payment deferments have ended or been trimmed back.

๐˜š๐˜ฐ๐˜ถ๐˜ณ๐˜ค๐˜ฆ: ๐˜ฉ๐˜ต๐˜ต๐˜ฑ๐˜ด://๐˜ธ๐˜ธ๐˜ธ.๐˜ข๐˜ฃ๐˜ค.๐˜ฏ๐˜ฆ๐˜ต.๐˜ข๐˜ถ/๐˜ฏ๐˜ฆ๐˜ธ๐˜ด/2021-04-09/๐˜ซ๐˜ฐ๐˜ฃ๐˜ฌ๐˜ฆ๐˜ฆ๐˜ฑ๐˜ฆ๐˜ณ-๐˜จ๐˜ฐ๐˜ฏ๐˜ฆ-๐˜ธ๐˜ฉ๐˜ข๐˜ต-๐˜ฏ๐˜ฐ๐˜ธ-๐˜ง๐˜ฐ๐˜ณ-๐˜ด๐˜ฎ๐˜ฆ๐˜ด-/100055776
๐˜‰๐˜บ ๐˜ฃ๐˜ถ๐˜ด๐˜ช๐˜ฏ๐˜ฆ๐˜ด๐˜ด ๐˜ณ๐˜ฆ๐˜ฑ๐˜ฐ๐˜ณ๐˜ต๐˜ฆ๐˜ณ ๐˜‹๐˜ข๐˜ฏ๐˜ช๐˜ฆ๐˜ญ ๐˜ก๐˜ช๐˜ง๐˜ง๐˜ฆ๐˜ณ
Don't know you're above the line from your below t Don't know you're above the line from your below the line?โ €โ €โ €โ €โ €โ €โ €โ €โ €
Have heard about marketing, know you need to understand it, but don't have a clue where to start? โ €โ €โ €โ €โ €โ €โ €โ €โ €
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Then our Marketing 101 Workshop is for you. โ €โ €โ €โ €โ €โ €โ €โ €โ €
โ €โ €โ €โ €โ €โ €โ €โ €โ €
๐—ช๐—ต๐—ฎ๐˜'๐˜€ ๐—ถ๐—ป๐—ฐ๐—น๐˜‚๐—ฑ๐—ฒ๐—ฑ?โ €โ €โ €โ €โ €โ €โ €โ €โ €
โ €โ €โ €โ €โ €โ €โ €โ €โ €
โ—พ๏ธ An overview of what marketing isโ €โ €โ €โ €โ €โ €โ €โ €โ €
โ—พ๏ธ The fundamentals of marketingโ €โ €โ €โ €โ €โ €โ €โ €โ €
โ—พ๏ธ Explanation of the marketing channels you can useโ €โ €โ €โ €โ €โ €โ €โ €โ €
โ—พ๏ธ The 7 basic steps in a marketing strategy and tactical planโ €โ €โ €โ €โ €โ €โ €โ €โ €
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๐—ช๐—ต๐—ผ ๐˜€๐—ต๐—ผ๐˜‚๐—น๐—ฑ ๐—ฎ๐˜๐˜๐—ฒ๐—ป๐—ฑ?โ €โ €โ €โ €โ €โ €โ €โ €โ €
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โ—พ๏ธ People with no or little understanding of marketing. This is aimed very much at the beginner.โ €โ €โ €โ €โ €โ €โ €โ €โ €
โ—พ๏ธ Gives an overview of what marketing is, the channels to use and the top tips per channel.โ €โ €โ €โ €โ €โ €โ €โ €โ €
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Delivered by Ellie Corley, coach and business advisor at Build Grow Run. Ellie has over 20 years of experience running high profile global marketing campaigns for Virgin, where she was Global Communications Director for Richard Branson's private office, researching and launching his book 'Screw Business As Usual', all about business as a force for good. Ellie has also handled high campaigns aimed at creating behaviour change for the UK government on topics such as, reducing energy consumption and beating bullying in the workplace. She has also worked at a senior level managing the reputations of some of the world's biggest brands. Ask any burning questions you have about all things marketing in this 2-hour advice session.โ €โ €โ €โ €โ €โ €โ €โ €โ €
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Reserve your slot and Register now!โ €โ €โ €โ €โ €โ €โ €โ €โ €
Email us: phil@buildgrowrun.com.auโ €โ €โ €โ €โ €โ €โ €โ €โ €
 ellie@buildgrowrun.com.auโ €โ €โ €โ €โ €โ €โ €โ €โ €
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Limited spaces and a free workbook for all attendees.โ €โ €โ €โ €โ €โ €โ €โ €โ €
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#marketing101 #marketingideas #marketingplan #marketingstrategies #growyourbusinessโ €โ €โ €โ €โ €โ €โ €โ €โ €
#growbusinessonline
Continuing on from our last two posts, some more t Continuing on from our last two posts, some more tips from Kelly Crethar on Accounting Basics...โ €โ €โ €โ €โ €โ €โ €โ €โ €
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Youโ€™re in business if your activity, as a whole, is commercial with an aim to make a profit. Consider these key questions to determine if you run a business:โ €โ €โ €โ €โ €โ €โ €โ €โ €
โ €โ €โ €โ €โ €โ €โ €โ €โ €
โ–ช๏ธIs the activity you undertake for commercial reasons?โ €โ €โ €โ €โ €โ €โ €โ €โ €
โ–ช๏ธIs your main intention, purpose or prospect to make a profit?โ €โ €โ €โ €โ €โ €โ €โ €โ €
โ–ช๏ธDo you regularly undertake your activity?โ €โ €โ €โ €โ €โ €โ €โ €โ €
โ–ช๏ธIs your activity planned, organised and carried out in a businesslike manner?โ €โ €โ €โ €โ €โ €โ €โ €โ €
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If you're running a ๐—•๐˜‚๐˜€๐—ถ๐—ป๐—ฒ๐˜€๐˜€ the following key benefits will apply to you:โ €โ €โ €โ €โ €โ €โ €โ €โ €
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โ–ช๏ธYou can apply for an ABN to use in your business transactions and register a .com.au website once you have an ABN. โ €โ €โ €โ €โ €โ €โ €โ €โ €
โ–ช๏ธYou have access to government information, services and concessions for Business. โ €โ €โ €โ €โ €โ €โ €โ €โ €
โ–ช๏ธYou can establish a business identity when selling to customers and other businesses. โ €โ €โ €โ €โ €โ €โ €โ €โ €
โ–ช๏ธYou can claim tax deductions for business expenses against your taxable income. โ €โ €โ €โ €โ €โ €โ €โ €โ €
.โ €โ €โ €โ €โ €โ €โ €โ €โ €
.โ €โ €โ €โ €โ €โ €โ €โ €โ €
.โ €โ €โ €โ €โ €โ €โ €โ €โ €
.โ €โ €โ €โ €โ €โ €โ €โ €โ €
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#smallbusinessadvice #smallbusinesscoach #smallbusinessaustralia #tweedheads #northernrivers
Continuing on from our last post, some more tips f Continuing on from our last post, some more tips from Kelly Crethar on Accounting Basics...โ €โ €โ €โ €โ €โ €โ €โ €โ €
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Cash is king: Cash flow management, budgeting and forecasting to keep your business running. โ €โ €โ €โ €โ €โ €โ €โ €โ €
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There are different types of invoice these will helps to protect your business's cash flow, maintain good records and meet your tax obligations. An invoice is a record of purchase that allows your customers to pay you for the goods or services that youโ€™ve provided. โ €โ €โ €โ €โ €โ €โ €โ €โ €
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๐—ฅ๐—ฒ๐—ด๐˜‚๐—น๐—ฎ๐—ฟ ๐—ถ๐—ป๐˜ƒ๐—ผ๐—ถ๐—ฐ๐—ฒ๐˜€ - a business that is not registered for goods and services tax (GST), your invoices wonโ€™t include a tax component. They should not include the words 'tax invoice'.โ €โ €โ €โ €โ €โ €โ €โ €โ €
โ €โ €โ €โ €โ €โ €โ €โ €โ €
๐—ง๐—ฎ๐˜… ๐—ถ๐—ป๐˜ƒ๐—ผ๐—ถ๐—ฐ๐—ฒ๐˜€ - include the GST amount for each item along with some extra details. You need to provide a tax invoice if the purchase is taxable, the purchase is more than $82.50 (including GST), a customer asks for a tax invoice, and If your customer asks for a tax invoice and youโ€™re not registered for GST, show on your invoice that there is no GST. โ €โ €โ €โ €โ €โ €โ €โ €โ €
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๐—ฆ๐—ผ๐—บ๐—ฒ ๐˜๐—ถ๐—ฝ๐˜€ ๐˜๐—ผ ๐—ต๐—ฒ๐—น๐—ฝ ๐˜†๐—ผ๐˜‚ ๐—ฝ๐—ฟ๐—ฒ๐—ฝ๐—ฎ๐—ฟ๐—ฒ ๐—ณ๐—ผ๐—ฟ ๐—ถ๐—ป๐˜ƒ๐—ผ๐—ถ๐—ฐ๐—ถ๐—ป๐—ด:โ €โ €โ €โ €โ €โ €โ €โ €โ €
โ–ช๏ธ Using accounting software to help you manage invoicing and recording customer sales.โ €โ €โ €โ €โ €โ €โ €โ €โ €
โ–ช๏ธ Set up a business bank accountโ €โ €โ €โ €โ €โ €โ €โ €โ €
โ–ช๏ธ Get details from your customer such as their name, address, phone, email and ABN (needed for tax invoices).โ €โ €โ €โ €โ €โ €โ €โ €โ €
โ–ช๏ธ Choose your accepted payment methods and payment terms.โ €โ €โ €โ €โ €โ €โ €โ €โ €
โ–ช๏ธ Once a customer receives their goods or services, contact them to make sure there are no issues or defects. This will help you avoid disputes and delays in getting paid. Itโ€™s also good customer service.โ €โ €โ €โ €โ €โ €โ €โ €โ €
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#accountingservices #byronbaybusiness #accountinglife #startupbusinessess #accountingtips #smallbiztips #cashflow101 #cashflowmanagement
After our recent workshop with Kelly Crethar on Ac After our recent workshop with Kelly Crethar on Accounting Basics for Business we were inspired to share with you some tips that she gave us! We hope you find this useful! Drop your comments below if you do!โ €โ €โ €โ €โ €โ €โ €โ €โ €
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A hobby is a pastime or leisure activity conducted in your spare time for recreation or pleasure. And once your hobby becomes a business, you may need a to  Licences and Permits specific to your type of Business.โ €โ €โ €โ €โ €โ €โ €โ €โ €
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๐—ฌ๐—ผ๐˜‚ ๐—ฐ๐—ฎ๐—ป ๐—บ๐—ฎ๐—ป๐—ฎ๐—ด๐—ฒ ๐˜†๐—ผ๐˜‚ ๐—ฝ๐—ฎ๐˜†๐—บ๐—ฒ๐—ป๐˜๐˜€ ๐—ณ๐—ผ๐—ฟ ๐˜†๐—ผ๐˜‚๐—ฟ ๐—ต๐—ผ๐—ฏ๐—ฏ๐˜†โ €โ €โ €โ €โ €โ €โ €โ €โ €
A business collects the seller's Australian business number (ABN) when it makes a purchase. If the seller can't provide an ABN, then a business must withhold the top rate of tax from the payment for any total more than $75 for tax purposes. If you're not in Business and don't have an ABN, you need to provide evidence that your activities are a hobby. If you don't provide evidence, the payer will withhold the top rate of tax from their payment to you. Provide a Statement by a supplier form to notify the payer that this payment contributes to your hobby.โ €โ €โ €โ €โ €โ €โ €โ €โ €
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๐——๐—ถ๐—ฑ ๐˜†๐—ผ๐˜‚ ๐—ธ๐—ป๐—ผ๐˜„?โ €โ €โ €โ €โ €โ €โ €โ €โ €
You donโ€™t need to declare the income amounts you make from your hobby to the Australian Taxation Office (ATO). You canโ€™t claim any losses from your activity if itโ€™s a hobby.โ €โ €โ €โ €โ €โ €โ €โ €โ €
Income-earning hobbies can sometimes grow into businesses. Make sure you track any change in income or practices to ensure youโ€™re aware of your obligations before they happen.โ €โ €โ €โ €โ €โ €โ €โ €โ €
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๐˜š๐˜ฐ๐˜ถ๐˜ณ๐˜ค๐˜ฆ: ๐˜ˆ๐˜ค๐˜ค๐˜ฐ๐˜ถ๐˜ฏ๐˜ต๐˜ช๐˜ฏ๐˜จ ๐˜‰๐˜ข๐˜ด๐˜ช๐˜ค๐˜ด ๐˜ง๐˜ฐ๐˜ณ ๐˜‰๐˜ถ๐˜ด๐˜ช๐˜ฏ๐˜ฆ๐˜ด๐˜ด ๐˜ฃ๐˜บ ๐˜’๐˜ฆ๐˜ญ๐˜ญ๐˜บ ๐˜Š๐˜ณ๐˜ฆ๐˜ต๐˜ฉ๐˜ข๐˜ณโ €โ €โ €โ €โ €โ €โ €โ €โ €
โ €โ €โ €โ €โ €โ €โ €โ €โ €
#byronbaybusiness #accountinglife #startupbusinessess #accountingtips #smallbiztips #northernriversbusiness #hobbyintobusiness

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Habitat โ€“ 32 Fullerton Lane
Byron Bay NSW 2481

Note: Before visiting our office please read the “Prior to visiting” instructions on ourย contact page.

Phil Daly

M: 0412 667 864
Office hours:
Tues. 1pm โ€“ 5pm
Wed. 10am โ€“ 5pm
Thurs. 10am โ€“ 5pm

Ellie Corley

M: 0475 841 664
Office hours:
Mon. 10am โ€“ 5pm
Tue. 10am -2pm
Fri. 10am โ€“ 5pm

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