How Your Entrepneurial Journey Can Empower Your Children From an Early Stage

Setting on this start-up journey after the birth of second child meant dealing with constant worries about my parenting commitment, business challenges like any other parent. There are many articles written about how parenthood can help you with entreprenuership or make you an efficient employee, but there wasn’t much satisfactory information about reverse effect on our kids.

Guess, I didn’t have to wait long to find out. Recently I met with few mothers who run their own business and got the opportunity to discuss the impact of their business journey on their family / children. So this article is a summary of these conversations and my personal experience with my little ones.

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Claim depreciation for older commercial investment properties

One of the main reasons commercial investors continually fail to take advantage of the depreciation deductions available from their property, is because they believe their property is too old to warrant making a claim.

According to Bradley Beer, the Managing Director of BMT Tax Depreciation, this myth needs to be dispelled.

“Often investors make the mistake of thinking they will not receive deductions for an older property due to the date restrictions the Australian Taxation Office (ATO) place on claiming the available capital works allowance. The reality is that any property, no matter how old the building is, will entitle its owner to valuable deductions in the form of depreciation. This is because the owner is also entitled to claim depreciation for the plant and equipment assets contained within the property,” said Brad.

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7 Legal Essentials for Business Online: Part 5 – Website Terms and Conditions

If you’ve been following this series of articles you’ll be aware that terms and conditions have been mentioned a couple of times in different contexts, and there is good reason for that. Creating an online business allows you to interact with people all over the world. You no longer have the relative security of watching someone walk through the front door of your store and being able to make a judgment about how you want to behave with them, and how you might expect them to behave.

In an online environment the space is open and accessible 24/7 and you don’t necessarily get to check out your customers before they go to buy. The beauty of being online is that you get to set your own rules, within the context of the laws you chose to apply to your website.  How does this work in practice?

If your business is here in Australia you don’t really want to get involved in a dispute somewhere the other side of the world. You particularly don’t want to get dragged into a court proceeding that is in America, where ridiculous damages claims appear to be the norm. As an aside, did you know that New South Wales is the second most litigious state in the World, behind California?

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Tomorrow Starts Today (And Three Other Time Saving Tips)

At one time I was running four successful businesses. At once.  I get a lot of business questions: how much should I charge (as much as you can), is SEO worth it (of course) and will this ever get easier (I hope so!)  But easily the most frequently asked question was “how do you have so much more time than I do?”

To be hyper-efficient takes time and dedication. However, below are a few of my top tips to get you started on your path to more productive work.

 1. Tomorrow Starts Today

Tomorrow’s productivity is highly dependent on how you finish today.  The last 30 minutes of your day should always be spent preparing for tomorrow and the rest of the week.  What work is outstanding? What are the three most important things for you to get done tomorrow? What can you knock off early in the morning when you first walk in?

We all know the lesson about putting the big rocks in the jar first so that the rest fit, right? Don’t forget it. Every day should start with the biggest project you need to work on or finish.

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7 Legal Essentials for Business Online: Part 4 – Consumer Protection Online

First rule of online business: Do Not Piss Customers Off – They Will Tell the Whole World!

Ok, so some people agree with the idea that any publicity is good publicity and if you’re in that camp, do what you will! For those of you who are concerned about the viability of your business and would rather see no comments on social media rather than negative comments, listen up.

Consumer law (trade practices/ fair trading) was consolidated and made consistent around Australia in 2012 and is now overseen by the ACCC rather than your local consumer affairs or fair trading office. Those offices still exist and continue to manage a raft of local legislation as well as investigating consumer complaints. This consolidation saw an increase in what was covered by consumer laws.

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Emergency Tips for Mumpreneurs

It would be hard to find anyone better at multitasking than someone who is both a businesswoman and mother. As many of us appreciate, working from home can be stressful at the best of times and adding children to that equation can make things very hectic! The last thing you need when you’re in this situation is getting caught short in an emergency and that’s why knowledge of first aid can be a great tool for any mother working from home. A little bit of know-how and preparation can save you a lot of time and worry in the long run.

First up, it’s important to be up to speed with relevant contact numbers to call in an emergency. If you’re at home and hurt yourself, but the injury isn’t serious enough to classify as an ambulance emergency, it’s a good idea to contact Healthdirect. This number will get you in touch with nurses who are on call 24/7 and can assist with any concerns or inquiries. Healthdirect can be reached on 1800 022 222.

It’s also very smart to teach your children emergency contact information. Often in a first aid emergency, children can be a mother’s best chance of getting help. So, make sure your children know how to recite their home address, phone number and dial 000 – even a toddler can use the phone! It’s a great idea to leave this information within easy reach near the phone, on the fridge or even on the back of the toilet door. By preparing your kids with this information, you can save valuable time in an emergency.

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7 Legal Essentials for Business Online: Part 3 – Online comments

For some reason a lot of people say things on social media and blog posts that they would never say in a letter to the editor in the traditional newspaper format. It’s an interesting phenomenon and one that will no doubt fuel all sorts of legal disputes for years to come.  With the fast pace of online interactions you might forget that your comments remain accessible online indefinitely for those who want to look, and if legal proceedings are involved, someone will be looking!

Did you hear the one about the woman in Western Australia who posted some unflattering comments about her ex-husband on Facebook? The comments were posted in December 2012 and taken down in January 2013. In the meantime a bunch of mutual acquaintances, including the man’s brother, saw the post. Court proceedings were filed and it wasn’t heard by a judge until 2015. Don’t assume that because you’ve forgotten about it, everyone else has too! The Judge decided in favour of the ex-husband and the woman was ordered to pay $12,500 in compensation as well as legal costs.

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7 Time Management Tips for Small Business

1. Know when you are Productive vs Unproductive?

How can you be sure when you are productive or unproductive? It’s easy to identify when you are personally productive.  It feels good.  Things run smoothly, you are responsive, motivated, pumped.  You have brain power, a clear mind and you know exactly what to do and when to do it.  However, indicators that you are lacking in productivity are not always obvious.  Stress is the most obvious but it can also be things like absent-mindedness, procrastination or distractions, email that dominates your time, being behind schedule or increased conflicts.

A productive team has little conflict, is motivated and works cohesively to a common goal.  Round pegs are definitely in round holes with the team working very much with their strengths and solving the weaknesses.  Most importantly a team will have simple and clear systems of operation.  Additionally they are lead, not managed, which means they are more autonomous rather than foot soldiers.  Where, by contrast, an unproductive team will have dominant personalities that rule or dictate.  Conflicts are common, communications are weak and resource is constantly wasted.

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MummaToo

I never envisioned being a mother.  I had dedicated 7 years of my life to creating a successful business and didn’t think I had room for being a mother and a businesswoman because of the demand on my time for both of them.

The business I own is not a very baby friendly business, even though it is run from home.  It is a dog boarding facility so it isn’t a place a baby can crawl around safely and because it is like a dog park, in that dogs run around with other dogs, the concentration level whilst at work has to be 100% – Suffice to say, for me, having both world of career woman and mother was not in my mind’s grasp.

And as I write this, I am staring at my beautiful almost 7 month old son and have found out I am also 12 weeks pregnant with the second one.   How did this happen?  Well, the stories are true … if you find the right person, things change and things sure did change.  Not only will I have two babies under 2 by November this year, I also have two stepchildren, which are my partners.  Going from zero children to four within the space of 3 years!

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Law and Disorder – 4 Business Tips From a Successful Lawyer-Mum

I started my legal practice when my son was six months old. That was nearly two years ago. The time between then and now has been a roller coaster of excitement, stress, joy, fear, exhilaration, frustration and absolute fulfilment. Whilst every day continues to hold new lessons for me, here’s what I have to share so far with those who are thinking about, or trying to, combine parenthood with running a business.

1. Be a proud parent

Setting up a new business with a breast-fed baby in tow meant that I didn’t really have a choice but to include my son in the planning process. This meant bringing him along to meetings with the likes of accountants, software providers and web designers. One such meeting was with four men, none of whom batted an eyelid when I chose to breast feed my son partway through.

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