6 Time Management tips busy parents can teach their kids: Claim Your Time Back

Being business mums we have to juggle many things and are always multitasking and yet feel 24 hours a day is not enough time to get things done. ‘Time’ being a precious resource for me, learning time management became eminent in last quarter of 2014. I completed Eric Lofholm’s Time Management Mastery Program in December 2014 and will be sharing some tips from this program in this blog post.

To my astonishment I learnt time management was nothing to do with multitasking or having a strong memory, but was tied to simple fact of managing expectations. At this point I also realised that there was so much unlearning to do, as time crisis was direct result of all the wrong habits being cultivated since childhood.

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Mums in Business: Fastest Growing Sector But It’s a Lonely World

With a continued rise in childcare costs and increased pressure on the family unit, an ever growing number of mums are ditching the stresses of a 9-5 job and starting their own business.

In Australia, women own 585,000 of the 1.9 million small businesses making it the fastest growing sector in the Australian economy. More than 45% of women run their businesses from home (a 20% increase in the last five years).

Owning and running their own business gives mums the flexibility to be there for the kids, as well as have more independence, focus and drive. However, running a business also comes with its own unique challenges including loneliness, isolation and potentially, depression.

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The Real Reasons Behind Your Time Management Problems

Being a parent and having to run a business, we often have to juggle various priorities and it seems like there is never enough time in the day to “get it all done.”

We are committed to growing our businesses, yet we feel so overwhelmed by everything that needs our attention that we ended up running around like a chicken with its head cut off, and still come up short.

I often hear people complain social media being a time suck. They can’t fit in the time to write a newsletter. They don’t have a minute to reflect on their own growth. They are struggling to get even 6 hours of sleep in. Yoga… what yoga?

They wish they could get the unfair advantage of having a 28-hour day.

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Management Tips for Mumpreneurs

The word Mumpreneur is a bit of a buzz word at the moment but like all cliches and buzzwords, it has gained traction because it’s real. Mumpreneurs are a tremendous growth sector in Australia and overseas and according to the ABS, women are three times more likely than men to have the confidence to start their own business. And the Huggies MumInspired Research Report revealed that some 70 per cent of Australian mothers have thought about starting a business after having kids. Lets face it – once you’ve had a baby you feel like Wonderwoman – you can do anything!

For many women, the idea of going back to full time corporate roles after having children isn’t terribly appealing, once the cost of childcare and travel expenses and the time away from home is calculated, but they have the skills and energy and passion that can be channelled into their own ventures. As well as giving you time to care for your family, being a Mumpreneur offers a huge raft of other advantages over a salaried role.

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Dangers To Watch For When Moving To Commercial Premises

I’d love to share my own real word experiences as I’ve just recently moved to commercial premises and whilst I am a ‘seasoned’ business owner, I certainly learnt some valuable lessons. Some of my business principles and practices came in very handy plus I learnt quite a few other things. Please let me share:

1. Do a budget.

Specifically for the move, prepare your budget as you will soon discover the costs can quickly run up. Signage, removalists, new phone systems, computers, furniture, legals, deposits and so much more. This doesn’t even cover any refurbishment you may need to do. The costs really can escalate, so prepare a realistic budget and ensure you have the cash to fund this project. Naturally of course, ensure that ongoing you can afford the premises, including rent, electricity, security, telephones, etc.

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Three Handy Depreciation Apps for Business

Smart commercial property owners, commercial property tenants and business owners want to improve their cash flow. Claiming depreciation can reduce the tax paid for any commercial property at tax time.

BMT Tax Depreciation provide three valuable apps every business or commercial property owner should be aware of. Let’s take a look at how these apps can help you.

1. The BMT Tax Depreciation Calculator

This app is really handy when you are looking to purchase any new property, whether it’s a commercial office, an industrial building, a warehouse used for manufacturing or a residential investment property.

The BMT Tax Depreciation Calculator allows investors to get a quick depreciation estimate of the deductions that will become available for any property once it becomes income producing.

To use the calculator, investor’s only need to have some basic information about the property, including the property type, the construction type, quality of fishing, the floor area of the property in square metres, the estimated year of construction, when the property was purchased and the nearest major city.

Once the calculate button has been selected, the calculator will provide investors with an estimate of the minimum and maximum deductions they can claim for the first five years of owning the property.

To download the app for iPhone or Android devices, click here.

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The Top New Financial Year Resolution That Will Improve Your Business

Financial Year Resolution

Planning

Surprise, the most effective new financial year resolution is not financial at all!

It is to plan what you aim to achieve in your business during the year, set goals and work out how you will achieve them. Of course, some of these will be financial but not all.

In the modern world, some will relate to technology for most businesses. Even if you are working in a business where technology is not directly part of what you do, you most likely depend on a mobile phone and may use the internet or social media for marketing. Just think back to the last time you had something repaired. Did the tradespeople carry mobile phones? I’m sure they did.

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Personality Branding – The Third Brand Your Business Needs.

There are three layers of branding your business needs to consider:

Product – The brands we associate to a product or service we can buy e.g.: “iPod”
Company – The brands we associate to a company we can buy from e.g.: “Apple”
Personality – The brands we associate to people who represent companies and products e.g.: “Steve Jobs”

The original conversation around branding started with “product branding”.

We saw the earliest brands like “Coke-a-Cola”, “Hoover” and “Marlboro” – Product brands that were so strong they built multinational companies around them. These companies shared the same name and brand identity as their product.

The second layer to come along was when the separation of “product brands” and “company brands” emerged.

McDonald’s was known as the company that sold products like Big Macs and McHappy Meals. Ford adapted and became a company that had many cars rather than just a Model T. General Electric, 3M and LG started producing many product ranges and had both strong product brands as well as company brands.

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Preparing your small business for 21 century

How to Ensure Your Business is Equipped for the 21st Century

by Andrew Boyd

In the fast-paced business world, things are evolving all the time. If you want to maintain the success of your business, you need to ensure that you are keeping up with the changing times, and adapt to all of the new demands that are being thrown your way.

Although the economy does seem to be on the right path once more, it can still be a difficult time for businesses if they do not embrace all of the new types of technology and marketing that is available to them. So whilst some of the things we are going to talk about in this post may cost you some money, they are all to help your business stay successful in the long term.

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Credit Card Debt

Top Tips for Tackling Credit Card Debt

Plastic fantastic – Flexible ways to reduce your credit card bill faster

Credit cards. Our plastic friends that are great at getting us out of a tight squeeze when we need them; like helping fill the car with petrol when cash is tight or picking up the weekly shopping if the pay transfer hasn’t hit the account yet! But these good mates can turn into nuisances when the amount owing has grown and you find yourself struggling to keep up with the minimum payments let alone trying to knock down the overwhelming balance.

So, when the bill has ballooned and you find yourself staring credit card debt in the face, what’s the best way to start paying off that balance? Follow these tips and you’ll see that figure falling before you know it.

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