Remember: it’s business, not personal

Remember: it’s business, not personal

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When the time comes to reflect on your performance this year, ask this question of yourself: “How many times did ‘you’ get in the way of making decisions?” I did this over the holiday season and, on reflection, it’s something that happens to me more often than I’d realised. Here is an example. I was Read More

Running a Family Business? Here’s a Tip

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The real estate industry abounds in Family businesses, particularly husband and wife teams, and it is one of the enjoyable aspects of the industry for employees to work closely with the owner operators but beware of forgetting that employees are not family members. Familiarity and time can blur the lines for owners when speaking to Read More

OSR and NSW Payroll Tax in Real Estate: Talking Points

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The Real Estate industry is a big employee of people in the state, and is also a heavily regulated sector, which has important licencing requirements, due to the significant sums of money held of third parties. This creates numerous ways agencies cross refer, conjunct, partner and profit-share with employees, contractors or other businesses, given the Read More

How do you increase profit when everyone is ‘Discounting’?

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  When Gerry Harvey was answering a question during the toughest moments of the retail ‘recession’, if Sales had become a permanent feature of all retail outlets. He answered, and I paraphrase: “The secret to successful retailing is not just discounting, anyone can do that, but getting the customers into your store with discounted products Read More

7 Traps Of Do-It-Yourself Bookkeeping

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In business, we like to think we can do everything. But as a business grows, smart business owners soon realise that to manage their time better.  They must outsource non core business functions like bookkeeping.  But many businesses, still try to do everything themselves and so we’ve come up  with 7 traps you must look Read More

How To Double Your Property Management Income For Only $16,000

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How do you grow your real estate business or specifically your property management income? Here are two ways. First, you could do it through organic growth, attending a seminar every week by different trainers talking about various things you need to know for your business. Though to start with, you’d have to make sure you Read More

4 Things You Can Do To Turn Around Your Real Estate Business

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You’re working hard. You know there are things you want to change. Try these steps to find some clear action points that will improve your business results. 1.  Write down the things you most want to change Back your instincts. If you’re not happy with any aspect of your business, write it down and don’t Read More

Tax Office Targets Real Estate Agents

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TV and radio airwaves have been awash with the annual announcement of who the Australian Tax Office will be targeting for the 2012/13 income tax year. Every year the ATO releases its Compliance in focus report. This time around the real estate industry, amongst other sectors, has been highlighted. What does this mean for you? Read More

What is your time worth?

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In the small business world, business owners wear many hats. But far too often, they wear too many hats for far too long. Not being able to delegate fully or hire the right person to do the job, they continue to do it all themselves. What they need to do, both to expand their business Read More