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Darko Reljic, founder and director of Empreus IT Support, is a young man, on the way up in the IT world, with a great story to tell. Darko is 22 years of age. He was born in Bosnia in 1994 and moved to Australia in the early 2000. At Daramalan College he started to focus his attention on IT. "I...
Accounting
Many SME owners struggle to differentiate between profit and cash flow. If asked to produce a cash flow forecast, most will revert to producing a profit forecast. But profit and cash flow are definitely not the same. GROWTH IS NOT NECESSARILY A SIGN OF SUCCESS For example, did you know you can actually go broke if your business grows too...
Bookkeeping
The growing importance of Chief Financial Officer (CFO) roles due to globalisation and business complexity has led to the need of increased expectation for CFOs to become business strategists. Equipped by technology advancement, the role of a CFO is now transforming. Conventionally, CFOs are required to direct the company accounting, ensure the financial information accuracy, and monitor the financial health...
Business Law
Despite the fact that people care more about the result of the final Saturday in September than the goings-on in Parliament, the AFL does not wield governmental power (though the AFL might wish otherwise). How then did James Hird allege that he was denied procedural fairness when the question of whether he breached the rules was determined? While those proceedings...
Cash Flow Solutions
Cash flow is the lifeblood of any business. It is all about timing - the books and outlook can be good, but many small to medium businesses experience cash gaps between delivery and payment. Slower debtor payments or extended payment terms inhibit a business's ability to invest, exploit larger opportunities or simply manage day-to-day costs. Increasingly, new and growing businesses...
Cyber Security
Insider threats, or threats from your own users, are the number one concern for Australian organisations according to the 2015 Australian Centre for Cyber Security (ACSC) survey results. Organisations are increasingly losing control of high-value information. Extenuating factors include bring-your-own-device (BYOD) usage, the sending of sensitive information to external people, and the use of cloud applications and collaboration tools. These...
Expert Advice
Most business owners would likely understand that failing to pay amounts due to the ATO can be the start of a rocky road to ruin. However there appear to be some, along with their advisors, who routinely underestimate the level of risk associated with ignoring the revenue Czars - and now the focus has shifted to superannuation guarantee entitlements. A...
Expert Advice
In a landmark ruling from the Beijing High People's Court, Treasury Wine Estates ("TWE"), the owner of the 'Penfolds' wine brand, has successfully challenged the registration of the lucrative 'Ben Fu' trade mark which had been registered by well-known 'trade mark squatter', Li Daozhi, in China. TWE had failed to register the trade mark, a Chinese transliteration of the Penfolds...
Expert Advice
Allhomes have just released to agents their latest Allhomes Property Market Index. I found the following items of particular interest. Looking at the sales market, median house prices have continued to rise across both Canberra and Greater Queanbeyan. The median house price in the ACT is now $638,000, Townhouses $435,000 and Units & Apartments $381,000. There were a total on...
Recruitment
What will be the key features of Canberra's recruitment market in 2017? Firstly, with 2016's Territory and Federal elections behind us and no major distractions ahead, competition for top talent will heighten. Add to this a number of high profile infrastructure projects and unemployment below three and a half percent and you have all the ingredients for a very competitive...
Expert Advice
Author Amit Kalantri once mused, "An assembly is extra slow in taking actions". As a career strata manager myself, I have to confess that I don't entirely disagree. Of course, meetings are necessary for the successful management of an Owners Corporation. There just isn't any way of getting around it. However, it is important to ensure that the juice is...
Expert Advice
'Tell me about your childhood?' It may seem an unusual question for me to ask when I first meet with an executive. It is, however, where all learned behaviours and beliefs start. Now, it is not my intention, at this point, for you to pull out the tissues and confess your inner most thoughts to your colleagues in the hallway...
Expert Advice
Around 16 years ago, I gave an interview for an Assistant Marketing Manager's job. The interviewer's first question was, 'Tell me, what is marketing?'. I said, 'Well, I think everything is marketing.' I saw a puzzled face, so I added; '...I believe, everything a business does, that involves the customer is actually marketing. It's not just about branding and advertising.'...
Associations To Business
Anyone who tried to log on and complete the Census of Population and Housing on the scheduled participation date in August of last year, may have become frustrated and questioned the value of this survey - in some cases with the use of expletives. Hopefully the minor technical difficulties people experienced will not colour their long-term respect for this important...
G2B: Chief Minister’s Message
Celebrating Canberra's centenary in 2013 has helped Canberrans focus on what is special about our city. As a government and as a community, we must build on that feeling and create that future together. Cities do not succeed by accident or by leaving things to chance; they require good design, good governance and great collaboration. Cities must internally collaborate to...
News
Canberrans are being urged to keep reducing their electrical use as much as possible given the ongoing risk of supply shortfalls later this afternoon. "We've been in conversations throughout the day with the Australian Energy Market Operator. There remains a possibility of supply shortfalls in Canberra especially from mid to late afternoon," Director-General, Environment, Planning and Sustainable Development Directorate Dorte...