Accounting Software Australia, MYOB, Quickbooks, accounts software, bookkeeping software
Accounting Software Australia, MYOB, Quickbooks, accounts software, bookkeeping software

Articles Blog

Business Tips – Growing by marketing with a lucrative partner

images/BUSINESS TIPS.JPGWhen Bryan Janeczko was trying to get noticed after launching NuKitchen, the online diet service, he tried just about everything to generate sales. One sure technique that he ‘discovered’- which kept a pipeline of new customers coming in the door - was a partnership with a more established business. For them, one of our first partners was Related, a large real estate holding company that owned a string of high rise apartment buildings in New York and the Equinox Fitness chain. Their clients were exactly the same type of customers they were targeting. Establishing a partnership with these folks was one of the best ways for us to get noticed, maintain a continuous flow of potential clients, and ultimately drive sales.

Finding established, recognized names of businesses who are also targeting your customer base, is one of the surest ways to drive your startup sales. Like Related was for NuKitchen, these businesses already have a customer base that you can tap into. As a startup, however it can be tricky getting them to notice you, let alone partner with you, so Bryan has identified 3 tips for landing a lucrative partner:

  1. Identify 5 partners that can drive value for you: Once you’ve identified your target customer, think about established brands in your community who are also targeting your ‘customer’. You’ll want to identify partners in complementary businesses, not necessarily businesses competing directly in your area. Be on the lookout for those potential partners with great reputations. Who would be your ideal partner? Write down the top 5 who you think could most strongly deliver your ideal customers. If you know somebody senior at the business, reach out to that contact but if not, find out who the Director of Business Development is.
  2. Create value for your partner: In order for the partner to listen to you, you’ll need to have a product or service in market (or at least a working prototype). Most businesses won’t risk their reputation if you’ve simply got an ‘idea’. This was actually that case when Bryan initially approached Equinox with the NuKitchen concept. He hadn’t yet launched it so they said come back later once you’re in the market. This is exactly what he did- returned a year later after he launched NuKitchen and created a compelling offer for their gym clients. He would provide ‘free’ food tastings at each gym and provide members with a complimentary day of NuKitchen service in exchange for being able to promote the company. They were happy because their members got a valuable benefit. For your own business, what special value add or discount will you offer to your target partner for their clients? Whatever you offer, make sure that you can deliver. Remember, it’s not just your reputation but that of your established partner as well.
  3. Make implementation ‘easy’: Finally, coming up with a compelling offering is great and both parties may get excited. However, the real work is in the execution. Chances are that your Business Development contact is going to be super busy carrying out his or her daily duties. Make it easy on them and do as much of the legwork as possible. Draft an implementation schedule with proposed dates. This may require a little bit of guesswork on your part since you may not have intimate knowledge of their inner workings.

Bryan’s biggest piece of advice is to be flexible since things can take longer than expected or take different twists or turns.

(Original source no-longer on the internet)

Need help? Not sure? Call for FREE 30min advice / strategy session today! 0407 361 596 Aust

Call and you also get FREE “Avoid these GST mistakes” – There’s 18 that the Tax Office see regularly – Get them right!

Email This email address is being protected from spambots. You need JavaScript enabled to view it. or call 0407 361 596 Australia

~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~

Business Tips – Christmas Parties – Employer Responsibilities

images/Business-Tips.jpgYear end Christmas parties are coming up and your employer responsibilities continue to appoint - are you aware of your obligation to provide a healthy and safe environment when planning workplace functions?

If the business function is organised, promoted and funded by the employer, it is more than likely to be considered an extension of the workplace and therefore, your business should ensure it takes all reasonable steps to minimise any risk to the business.

When is the employer liable?

In most legal contexts, an employer function/staff party will be considered as part of the ‘workplace’ and having connection with the employment of employees. As such, all the duties and obligations of the employer that apply in the office, shopfront or yard will continue to apply for the duration of the function or party.

This could mean the organisation (or even individual employees of the employer) could be held liable for occupational health and safety breaches for failing to provide a working environment that is safe and without risks to health.

Injuries or illnesses arising out of or in the course of the function may be claimable under statutory workers compensation schemes and inappropriate conduct or comments could lead to harassment or discrimination claims. Additionally, employees must also be aware that they may be disciplined for their actions at the party, as the terms and conditions of their contract and any applicable company policies apply for the duration of the function.

The employer’s liability may be limited in some circumstances where the employee has engaged in serious misconduct or for instances that occur after the completion of the organised function. However, such exceptions are assessed on a case-by-case basis. In all circumstances it is clear the employer must be able to demonstrate all reasonable and proportionate steps were taken to educate staff on appropriate standards of behaviour, to provide a safe environment and eliminate discrimination and sexual harassment.

Tips to minimise your risks:

  • Have clear written policies and ensure they are notified to staff for their attention to reduce employer liability;
  • Plan your function – select a venue wisely and provide all employees with the details of the function, including clearly communicating start and finish times;
  • Educate and set the rules – ensure all employees are aware it is a work function and, as such, that the usual code of conduct and associated policies and standards of behaviour apply. Now is also a good time to review relevant policies and consider training employees in acceptable workplace behaviour. For example, Bullying and Discrimination awareness training for managers and employees;
  • Safety – provide alternative transport options including designated drivers, Ubers and taxi vouchers.

Other Questions

Is the employer liable for the actions of employees at an ‘after party’ event?

Employers may be vicariously liable for the actions of their employees if such actions are in the ‘course of’ or within the ‘scope’ of employment. This will differ on a case by case basis, depending on the factual circumstances of each situation. As discussed above, advising staff of the clear finishing time of the organised function and avoiding sanctioning or funding any post-function activities will assist in reducing such liability.

Does the employer have to provide transport after the function?

Employers have a duty of care to provide a safe workplace environment to all employees. Legislation concerning liability for injuries sustained whilst travelling to or from the workplace (or a workplace function) differs from state to state, but the possibility of providing transport to employees after the event should be considered as part of the planning phase, but is not obligatory.

Need help? Not sure? Call for FREE 30min advice / strategy session today!

Call 0407 361 596 Aust and also get FREE “Avoid these GST mistakes” - There’s 18 that the Tax Office see regularly – Get them right!

~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~

More Articles...

  1. Cash Flow Tip – How we got steady cash flow for our client
  2. MYOB – MYOB running slow – Tips to speed up
  3. Business Tax Tip –Small Business Taxes Australia – Obligations and Management
  4. Business Tax Tip – Motor Vehicle Asset Accounting – How to set up in the books
  5. Cashflow tip – Purpose of Cashflow Statement, meaning and what it shows
  6. Business Tax Tip – JobKeeper – Is it GST free, in the GST turnover and is it taxable income?
  7. Business Tips – 21 Business Tips for Success from Winning Business Examples
  8. Business Tips – Aust. Federal Budget 2020 - overview
  9. Business Financials – What is Working Capital
  10. Cashflow Tip – How can a company / business have a profit but not have cash?
  11. MYOB – Payroll Cash out Annual Leave – How to reduce the Holiday Leave Accrual
  12. Business Tax Tip – Correcting GST mistakes – Common errors and how to correct them
  13. Business Financials – What is Current Ratio formula / meaning & what does it show us?
  14. Bookkeeping – Is JobKeeper included in Workcover Remuneration – What is included
  15. Xero TPAR – Set up Taxable Payments Annual Report – Account Right
  16. MYOB TPAR – Set up Taxable Payments Annual Report – Account Right
  17. Business Tax Tip – TPAR – All you need to know – Taxable Payments Annual Reports – 28 August Annually
  18. Bookkeeping – End of year June final pay falls in new financial year and paid in July
  19. MYOB – Tax Tables for 2020-2021 – to v19 (Classic MYOB)
  20. QBO – Quickbooks Online – Year End Business Tax Planning – Support to prepare the books/accounts!
  21. RECKON – Year End Business Tax Planning – Support to prepare the books/accounts well!
  22. XERO – Year End Business Tax Planning – Support to prepare your books/accounts well!
  23. MYOB – EOFY – End of Financial Year Business Books – MYOB Account Right and Essentials
  24. Business Tax Tip – How to prepare for year-end accounting - Last 9 of 18 tips
  25. Business Tax Tip – How to prepare for year-end accounting - first 9 of 18 tips
  26. Business Finance 101 – Year End Business Planning – Checklist – Preparing for a great Year End!
  27. Business Financials – What does Equity mean?
  28. Business Tips – COVID Support Packages SIMPLIFIED – Aust. Govt.
  29. Business Tips – JobKeeper Payment - SIMPLIFIED – How to enter Payroll when pay is under $750 week ($1500 fortnight)
  30. Business Financials – How to understand Cost of Sales / Cost of Goods Sold
  31. Xero Bookkeeping – How to handle overpayment in Xero, and how to refund overpayment
  32. Bookkeeping – 7 top bookkeeping tips for healthy small business in Australia
  33. Business Tax Tip – GST on Hire Purchase
  34. MYOB-Xero-Reckon bookkeeping – How to remove “to be printed” item from a print queue
  35. Cash Flow Tip – 5 ways on how you can improve cash flow in 30 days!
  36. Business Tax Tip – What is Instant Asset Write Off 2019
  37. Business Tips
  38. Cashflow Tip – How does Team-building affect your Cashflow in Business?
  39. Bookkeeping – Tip – Avoid using Miscellaneous or Sundry Accounts
  40. Business Tax Tip – Business Record Keeping ATO – Requirements and what to keep and how long
  41. Business Financials – What is the difference between Liability and Debt – Debt vs Liability
  42. Cashflow Tip – Business or Personal Expenses claimed – What is the long-term plan? Business lessons
  43. Business Tax Tip – Employer of working holiday makers and tax rates
  44. Cashflow tip – How your Company Cashflow affects your Employees
  45. MYOB – How to delete old items in Account Right (AR)
  46. Cashflow tip – Improve Cashflow by your invoicing!
  47. Business Tax Tip – What Tax and Super is on Commissions and Bonuses
  48. Business Tax Tip – Do I pay the tax due or spend the amount on growing my business?
  49. Bookkeeping – Paid Parental Leave - What is Parental Leave Pay Australia & how do you enter in the bookkeeping accounts?
  50. Business Financials – What are Generally Accepted Accounting Principles (GAAP) accounting - explained
  51. MYOB – Paying Superannuation for Employees – What reports to use
  52. Business Tax Tip – Taxable Payments Annual Report – TPAR – Now covers Building, Cleaning and Courier businesses!
  53. Business Tips –When you feel stuck – 5 ways to refresh and go again!
  54. Business Tax Tip – How to Correct GST errors
  55. Business Financials – What does the Accounting Equation Mean? What does it show?
  56. Cashflow tip – Ways to Manage Cash Flow in small Business – Understand Cash Flow
  57. MYOB – Tax Tables for 2019-2020 – to v19 (Classic MYOB)
  58. Business Tips – How to find your ideal client – Tips on how to define them
  59. Business Tax Tip – Single Touch Payroll – STP and the ATO – the new reporting method
  60. Cashflow tip – How we help to focus on key KPI to impact growth for our clients
  61. Business Tax Tip – Another 9 EOFY – End of Financial Year tax tips to prepare for Year End Now!
  62. Business Tax Tip – 9 EOFY, End of Financial Year Tax Tips to Start Year End Preparation NOW!
  63. Reckon / Quickbooks – Accounts Hosted and PC versions – How to set up and use ABA files to pay suppliers/creditors
  64. Reckon One – Simple Online Accounting – Reckon One Support, User Guides and How to use Reckon One
  65. Business Tax Tip – Tax on Annual Leave and Long Service Leave on Termination / Resignation Payout
  66. MYOB – How to set up child support in MYOB payroll
  67. Business Tax Tip – How to understand GST on the sale of assets
  68. Business Financials – The Accumulated Depreciation Asset Account on the Balance Sheet
  69. Cashflow tip – What is the difference between cashflow and budget?
  70. Reckon / Quickbooks – How to change the email message for sales invoices - Accounts Hosted and PC
  71. Business Financials – How to understand what “non-cash expenses” means and what types of non-cash transaction examples there are
  72. Cashflow tip – Top ways to have better cashflow – 5 top tips
  73. Business Tax Tip – Don’t get caught with Small Business Capital Gain Tax Concession thresholds
  74. MYOB – How to deal with overpaid retentions
  75. Business Financials – How to successfully understand the difference between Mark-Ups and Margins when pricing
  76. Business Tips – How to achieve successful selling
  77. Bookkeeping – How to enter Annual Leave that was missed?
  78. MYOB AR & Essentials – Paying super and Superstream in v19 (when not in the cloud yet) – Using the Super Portal by MYOB to be compliant
  79. Business Financials – Do you make Profit.. but have no Cash!
  80. Cashflow tip – Cashflow and Budget – What are they and how are they different?
  81. Business Financials – What is the Balance Sheet – An example and definition
  82. Reckon / Quickbooks – How to customise an invoice in Quickbooks / Reckon
  83. Business Tax Tip – Types of Business Structure in Australia – How profit is handled and taxed
  84. Business Financials – How does a Profit and Loss statement work?
  85. Cashflow tip – What does the Cash Flow Statement Show us?
  86. Business Tips – What is the last Competitive Advantage for a business?
  87. Business Financials – Tax Breaks for Business – Do they encourage and stimulate business innovation and the economy?
  88. MYOB Essentials – Assets and the CAP tax code for your Capital Purchases (assets)
  89. Bookkeeping – Redundancy – What is Redundancy Pay – How much is Redundancy pay?
  90. Xero/Reckon/MYOB - Bookkeeping entries for loans – Lending money to business
  91. Business Tax Tip – GST and Leasing – How it works
  92. Business Financials – Paying Superannuation for Employees
  93. Bookkeeping – BAS – What is the BAS statement and the accounting the bookkeeping needs to cover
  94. Cashflow tip – How to improve cash flow for business – 5 top things to act on NOW!
  95. MYOB Essentials – Why tax is appearing when only $300 is earned for the week, under the tax free threshold?
  96. Business Tax Tip – GST and Hire Purchase
  97. Cashflow tip – Making a Profit but have no cash – what are the reasons?
  98. Reckon ONE – How to Set Up and how to Report Taxable Payments Annual Report (TPAR) – and when due?
  99. Reckon / Quickbooks – How to Set up and How to Report Taxable Payments Annual Report (TPAR) – and when due?
  100. XERO – TPAR – Taxable Payments Annual Report – How to set up and report in MYOB AccountRight
Accounting Software Australia, MYOB, Quickbooks, accounts software, bookkeeping software



Forgot your password?
Forgot your username?
Create an account


The cart is empty

Accounting Software Australia, MYOB, Quickbooks, accounts software, bookkeeping software



Forgot your password?
Forgot your username?
Create an account


The cart is empty

Accounting Software Australia, MYOB, Quickbooks, accounts software, bookkeeping software
© Account Keeping Plus 2020   |   Website Design by Best Web Site Design Melbourne    |   Admin