As accountants, we need to understand our clients’ business models. In very simple terms, a business model refers to “the way a business makes money”. Take a retailer, for example, who buys and displays products of interest to customers. By attracting people into their store, they sell those products and make a profit, provided the sales price exceeds the costs of supplying that product.
Topics: Business Improvement, Business Planning, Business Continuity Planning
We are sharing with you below an article prepared by Lifeline Australia. Options for seeking help are provided at the end of the article.
Read MoreTopics: COVID-19
Recent global events have tested the mettle of management and boards everywhere. Some businesses will emerge stronger and, sadly, some will cease to exist in their current form.
Read MoreTopics: Business Improvement, Business Continuity Planning, COVID-19
If you have lost your job, been stood down, or had your income significantly reduced you are likely to be experiencing some level of shock and concern. There are however a number of options to consider that may help you manage your finances.
Read MoreTopics: Jobseeker
As the COVID-19 situation continues to evolve, it’s important for small and medium businesses to have a plan to deal with the fallout from the virus.
Read MoreTopics: Business Planning, Business Continuity Planning, COVID-19
