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Money Talks
November 2018 - Money Talks
BECOME THE KING OF YOUR CASHFLOW: You will have probably heard the expression "cash flow is king" and there is nor better time than the start of a new financial year to commit to smarter cash flow management in your business... Find out more
Tax Checklist
2018 - Tax Checklist
To assist in completing your tax return, we have a checklist that will help you with what you need to provide us. Find out more
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As a new employee, I jumped at the chance to conduct a team building exercise within mu team.  I had only been involved in one, since starting, but could already see the importance of doing team building activities and how it gave me a chance to get to know my team members in a relaxed environment...

 


 

Drop the Ball

As the next volunteer to host the team building exercise, I wanted to do something a bit different to the past activities we had completed.  The exercise I introduced was called "Drop the Ball".  The aim of this activity was for the team members to use their problem solving skills, communication and co-operation with each other to design a basket that would be strong enough to hold a golf ball when it was dropped from above.  The basket was to be suspended in the air by string held by the team members...

 


 

Team Building Exercise
 
As we continue our team building exercises, I was the next one to volunteer to host the activity to conduct during our weekly team meeting.  The exercise was called 'Drawing Sheet' and the aim of the activity is to test your team work, problem solving and communication skills...
 

 



McDonalds - Is Their System Under Pressure!!
 
When first introduced to the McDonalds Franchise system many years ago, I was told that their success was put down to key employees - a man and a dog.  The man was put in place to make sure the Maccas system was never fiddled with and the dog was there to bite the man if he ever tried to change the system.  It seems the McDonalds system (or at least their restaurant layout and design) has succumbed to China's local culture...
 

 



Aged Care - Providing Help at Home
 
The problem of an ageing population is also an issue in China.  Currently China has 200 million people aged 60 and over.  This number accounts for 14% of the nation's total population and expected to surge to 400 million by 2050.  In comparison the country had 40,000 nursing homes at the end of 2013 with less than 3.9 million beds available in those facilities...

 




The Fight Against Corruption in China
 
Despite China being a Communist country with the Socialist philosophy of everyone being treated equally, it would appear that reality is a far cry from that.  The Global Times* on 21st April 2014 ran an article titled "Lifting the Lid" which highlighted the problem and action being taken to fight the system problem.  The article detailed the whistle blower activities that are being promoted to assist with curbing corruption...
 



Pollution - Is it China's Greatest Nemesis?
 
You would have to be 'Blind Freddy' to not recognise that China has a serious pollution problem.  Fortunately, for most of the time spent in Shanghai and Beijing, the weather conditions were such that pollution of the air was not extreme.  The days that I left Shanghai to take the bullet train to Beijing to fly home were notable exceptions when the pollution in both cities was extreme...


 

Housing - Should We Fear a Chinese Bubble?

Much has been said about China's meteoric growth history over the last decade which in no small way has helped Australia experience a resource boom like never before.  Recent rumblings however point to slowing economic growth in China (down from recent years 10+% to 7.4% for the first quarter of 2014) and an increasing housing bubble which could have a flow-on effect to Australia if it was to burst...

 


 

Are you Ready for the End of the Financial Year

While we always say that the next year we are going to be organised for the end of the financial year, it always seems to be on us before we know it.  Here are some tips to get you through...

 

 



Wealth to Change Hands Over Next 25 Years to Exceed $1.445 Billion

Being a member of an on-line Estate Planning discussion group, I was reminded by Gil Gordon, a member of the group that wrote the following comments in response to the facts presented by the Australian Bureau of Statistics in their 2011-12 report...



Executor... Help or Intruder

If you have ever been the executor of an estate then you will know how difficult and time consuming it can be.  Whether you are searching through boxes and drawers of paperwork or asking delicate questions of loved ones, you feel as though you are intruding rather than helping.  Having done that once, I decided I don't want to go through that again.  I have now contacted any family and friends where I was executor, to get them to complete an Executor Dossier...




What Makes a Great Team... Team Building Exercise

Following on from Michelle Hunt's blog in November 2013, I volunteered to be the first on her team to host a team building activity which we played out at one of our weekly team meetings in January this year.  The aim of this exercise was to test the delivery and interpretation of instructions whilst making it a fun activity...
 

 


 

Momentum - It Starts with the First Step

Gaining momentum is very powerful in the process of seeking change.  May last blog spoke about having the passion or desire, however from a standing start it is sometimes hard to get up and running.  January is finished and we may still be stuck in the starting blocks. To use another sporting analogy, Ussain Bolt's coach drilled the importance of a strong start out of the blocks.  The simple fact is a strong start provides momentum...
   



 

It Starts with a Passion
 
The first day back and by now you may have already forgotten those resolutions.  "There are many things in life that catch your eye but only a few things will catch your heart... pursue those with passion."  Keith Abraham...

Do you have the passion for change?



Ho Ho Ho Merry Christmas
 
But will we be singing...  Hi Ho Hi Ho it's off to work we go in 2014.  With the Federal Government mid year economic and fiscal outlook not so rosy.  Coupled with the General Motors closure announcement there will be significant pressure on employment during 2014.  THe Federal Government have done their economic review for the half year and have identified significant cash shortfall...



Every Minute Matters
 
I have recently completed my 2nd half marathon in Melbourne and now have the bug to attempt my first full marathon.  Unlike the majority of runners that wear a watch to monitor their pace, I completed the 2 events not knowing what my pace was.  Although there are many variables that could affect my time, I completed the 2nd event within 3 minutes of my first race...


 

Unlock the Hidden Growth in your Business
 
How would you like to get advice from one of the most respected CEO's on how to grow your business in tough times?  Westpac chief executive officer Gail Kelly in an interview with AFR is adamant the growth will come from staff engagement, discretionary effort and staff turnover/retention...
 

 


 

What Makes a Great Team

My name is Michelle Hunt and I am one of the managers at Maclean partners Chartered Accountants.  Including myself, I look after a team of eight accountants some of who work on a part-time basis and other full-time.  The accountants range in experience from trainee accountants who are just learning the ropes, to those who have been working in public practice for up to 30 years...
 


 
Why New Businesses Don't Grow
 
This blog highlights the main reasons why new businesses 'start small' and 'stay small'.  This invariably results in the business owners working long hours, never having a break, constantly worrying about cash flow and ultimately having no real business assets to sell.  It would be MUCH better for the business owner to address these reasons for 'staying small'...
 
 



How Do I Pick a Melbourne Cup Winner???
 
The Melbourne Cup has been run over 3200 metres on the first Tuesday of November since 1861.  It is a race that captures the hearts and minds of Australians, with most also having a small bet on the race.  Often the question is asked, how do I find the winner of the Melbourne Cup?
 

 


 

 

The Real Cost of Buying a Home
 
You may have a vague idea of the fees and charges associated with buying a home, but many home buyers are caught by surprise by the hidden cost of becoming a homeowner. From inspection costs buying a home can be as much as 5% or more of the sale price...
   

 



 

What's New in Superannuation 

As our clients are aware, we at Maclean Partners are strong advocates of our business clients developing, monitoring and updating cash flows and budgets on a regular and frequent basis.  We are just as committed to ensuring that our business clients comply with all relevant legislation and other regulatory requirement...
 

 

 


 

Tax Time for Rental Property Owners

Maclean Partners have compiled a general list to help investment property owners correctly claim rental property deductions.  Many expenses are a clear cut deduction and just as many are somewhat unclear if they are deductible, capital or not claimable at all.  Please contact  Maclean Partners to obtain the correct advice...
 

 


 

"Surviving, and Growing, in These Tough Times"

For the majority of business owners, current economic conditions are as tough as they've known.  Certainly as tough as they have been for the past few years.  This article provides some strategies to help get through this period...
 



 
Tax System Explained in Beer

Suppose that every day, ten men for out for beer and the bill for all ten comes to $100.  If they paid their bill the way we pay our taxes, it would go something like this...
 




 

Business Life Cycles

Several Business Life Cycle stages exist, and the journey through these is not always sequential nor 'one way'.  Can you spot the common theme that exist in each of these stages?
 





   
Why Can I Catch No Fish?

There is a fine line between fishing and standing on a boat like an idiot.  I started the day with no fish and I still have plenty left.  How do I start catching fish?  Obviously not by doing the same thing I do every time I go out fishing.   Sadly 90% of fisherpersons have the same approach to fishing every time, and that is why they only catch 10% of the fish...
   




 

Does Your Business Need More Muscle?

I was reading an article in the Townsville Bulletin regarding doing your personal best.  It involved gym junkies and the process that they go through each time they go to the gym.  Being an avid gym junkie, every time you go to the gym you find yourself repeating the same set of exercises...




 

Manage Your Exit

One thing is for sure in the business world - one day you will wind down your business involvement.  This wind down will either be 'planned' or 'unplanned'.  Unplanned 'exits' are typically caused by death or other personal tragedy.  You insurance against these events...

 


Have a Structured Approach to Proactively
Managing Your Business


The first four requirements to Business Success involve "setting up the business to succeed".  The fifth requirement recognises that the successful business management
'is a journey, not an event.'

 




Pays to Keep Track of Cash

CASH is King!  Many profitable businesses fail due to bad cash management.  Different industries typically encounter different cash cycle problems.  Retail, for example, normally have to spend cash to buy stock and only recoup their outlay when they sell the stock...

 

 



Get to Know Your Market

There are two truths about marketing.  First, developing, implementing and monitoring effective marketing strategies are essential for business success.  Second, most businesses are bad at marketing...

 

 



Planning is So Often Ignored

Strategic planning is something that businesses are notoriously poor at doing. Business owners in North Queensland typically spend more time  planning their next fishing trip than they spend planning their business. Business owners need to regularly "take timeout" and analyse their business...




Factors Worth Consideration


The first requirement for ongoing business success seems fairly obvious - the need to have a good product or service... 

 

 


The Six Steps to Success in Any Business

It is common knowledge that every business is different.   However there are a few standard things that every business owner needs to do if they are to build a sustainable business ...

 
 
 
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