So you decided to start your own business? Well, we're certain you already know it’s not gonna be easy. Expect long hours, long days, stressful, sleepless nights, and in general lots and lots of hard work. However, the benefits are great too – you answer to no one, your destiny is in your hands, and you can move the business in any direction you want. And let’s not beat around the bus here – the amount of money you can make can be a great deal above what you would otherwise make working a regular nine to five job.

When a business is sold, people who suffer the most are its employees. Well, it would be wrong to use the word “suffer” because this depends on the buyers and their intentions of buying a business. There are two types of business buyers - the looters and the leaders. If you are about to work under leaders then yes, chances are that your life as an employee will improve. However, if you are about to work under looters, then you probably already know where your career is headed.

SMSF refers to Self-Managed Super Funds. The name sounds daunting, but the mechanics of super funds are fairly simple. SMSFs are superannuation funds that you can manage yourself as a registered trustee that will allow for financial benefits after retirement. The beneficiaries of these funds can be the investors themselves or whoever they name as beneficiaries in the event of their death. Whoever invests in an SMSF must sign a trustee declaration and possess a tax number, bank account and business number independently for the fund.

All these years that you dedicated to working out on an exclusive idea that you came up with. The trial and error phase you went through hundred times to finally reach the fished product, how would you feel if you find out that someone else has copied your idea and is selling it under their name in the market? Obviously, you will be devastated even with the idea of it.

The work van should carry any tool that you require for a whole day’s work. If one tool or part cannot fit in the van or you cannot find where you placed it, the result is wasted money for wasted time. By keeping your equipment, materials, and tools clean and organized throughout the day, you can will haul job site essentials conveniently. Whether it is finding a better way to place your equipment and tools in a van or setting up the work van to hold more tools, the following three tips will help yield a more favourable, efficient work day

The marketing of services or products has been evolving. In the marketing of products, business people focus on fulfilling the wants and needs of their target population. In the service industries, they focus on developing good relationships with their customers with an aim of winning their trust.

A lot of confusion exists between ABN and CAN number. The two are different business numbers that Australian Government entities issue to business owners. The CAN stands for Australian Company Number while the ABN stands for Australian Business Number. Some people think that the two stand for the same thing and cannot explain the difference between the two.