Numeric Eight Blog

Government support available for your business & staff. Here's a summary.

Tuesday, July 20, 2021

The severe lockdowns have come as a shock but there is financial assistance available if you know where to look. Here’s a summary and the links to further information.

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Numbers are there to inform – not mystify!

Wednesday, July 07, 2021

What’s behind the numbers?” A survey conducted last year found many Australian business leaders felt overwhelmed by the volume of data they received and found it challenging to understand. Yet knowing your numbers and their meaning guides good decision making – especially in uncertain times. 

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This year, tax time could be more complicated. Discover what you need to know.

Sunday, June 20, 2021

The end of the financial year is a bit like Christmas. We all know when it’s coming but we’re never as prepared as we should be. This year, your reporting obligations may be a bit more complicated because government supports like grants and JobKeeper need to be included. But one thing never changes and that’s the importance of getting your financial ducks in a row to legitimately minimise the amount of tax you need to pay.

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Formality and governance. Do family businesses need them?

Friday, May 21, 2021

It's common for family businesses to believe they don't need the same formalities as other businesses; it's particularly true with issues like vision, goals, and succession planning. But being a family business means it's crucial to document these things because maintaining family relationships is more important than business. So, what do you do?

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When should the next generation join the family business?

Tuesday, April 20, 2021

For many family businesses, there’s an expectation the next generation will want to join them. That may or may not be true. But the real question should be “When do family members join the family business?”

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Embracing change – How do you introduce new technology into a family business?⠀⠀⠀⠀⠀⠀⠀

Monday, March 22, 2021

Regardless of the business, it can be difficult to introduce new technologies, systems and processes.  But in successful family businesses, it's particularly challenging. So how do you do it?

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Succession planning for family businesses … What’s involved?

Monday, March 01, 2021

Many businesses begin with a dream that flourishes into a successful family business. But only 12% of family businesses transition to a 3rd generation. How do you ensure your business survives and thrives for future generations? Read more below! 

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Live The Life You Imagined

Tuesday, April 30, 2019

Most people dream about starting their own business long before they actually do. Once you begin, reality quickly takes hold and you find yourself doing lots of tasks outside your area of expertise – often in the belief it is saving you money. 

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Use Focused Networking to Grow Your Business

Monday, April 01, 2019

One of networking’s golden rules is that you need to invest time and effort to receive results. But that depends on your networking group. You see there are 2 types of networking groups – the fluffy ones and the business focused ones.

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Creating long term customer value

Thursday, October 25, 2018

Only your customers can evaluate how well you look after them and that’s likely to differ from customer to customer and with each interaction with your business. As a result, there will never be a checklist to ensure you take care of your customers each and every time. However, there are 3 poor service habits every business needs to stamp out. 

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