Financial FOFU

13/07/2024

Perfect for all business owners, but particularly those new to business or simply want to know more and fully understand how tax works in their business. Including- Business structures and tax implications, Income tax basics for businesses, Depreciation, Payroll and Single Touch Payroll, Superannuation Reporting, Record Keeping and Compliance and Goods and Services Tax (GST).

06/07/2024

Create solid business foundations and develop technical skills for quality client outcomes. Including – Business Foundations: Authentic Brand and Owner Reputation, Technical Knowledge, and Relationships; Business Owner Mindset: Emotional Intelligence, Business Acumen, Boundaries, Unconscious Competence and Confidence in Decision Making; Quality Client Outcomes: Satisfaction in what you do and why, Repeat Business and a Sustainable and Saleable Asset.

04/07/2024

Sarah and Trudi are joined by Peter Johnson an accountant that specialises in the CGT small business concessions and advises other accountants to assist their clients. If you think this one is relevant because you have no plans to sell your business then you would be wrong. Peter walks us through some the various concessions and how they apply. But more important they discuss the importance of planning within your business to ensure that the concession you are eligibla for the concessions you want to apply, when you need to apply them! This is a really informative episode that is a must for all business owners at any stage of business. It will provide you with some things to takeaway and discuss with your accountant to ensure you are on the right track with your business structure.

01/07/2024

This episode is a great follow on to the previous two as Sarah and Trudi talk all about when is the best time to obtain finance (tip...before you need it!). A great conversation on what are the indicators to look out for so that you are working on finance well before you actually need. They also talk about understanding your books and business plans and the relevant indicators our of these. Finally, they take you through all the tings you will need in order to obtain finance and some of the issues they have seen arise. A great episode to help all business owners understand when is the right time to obtain finance.

06/06/2024

In Moduel 7 of the Better Business Owners Course by learn Cognitive Awareness of the interaction between the different components of a business. Including – What is Sustainability in Business, the connection between our learnings thus far, How to achieve longevity, Avoiding Burnout and Quality Client Outcomes.

30/05/2024

Module 6 of the Better Businss Owners Course is all about Building Relationships
Create a Relationship Building Value Proposition and Networking Development Plan. Including – Your Elevator Pitch, Business Relationships: How to build them and maintain them; Business Networks, Networking, Social Anxiety, Industry and Client Relations, Building Technical Knowledge Networks, Coaching, Problem Solving, creating Solid Products or Services .

SFE Loans

29/05/2024

Do you have or intend to have finance in your business? If so, this is a must listen to episode to understand how you can ensure you don’t pay any more interest than you have to. In this episode Sarah and Trudi talk about the importance of understanding your loans and ensuring you are using them in the way they were intended. They also work through how to approach obtaining finance to ensure that you receive the right type of loan and best interest rate to ensure that you don’t pay more interest that you have to. As always timing and planning are key, so listen in to ensure you have all
the tips to maximise the benefit of your finance.

23/05/2024

Module 5 of the Better Businss Owners course is all about Business Goals
Create a Defined Goal Set and an Accountability Plan. Including – Business Goals, Volume/Sales Targets, Business Success Map, 12 month plan, 5 year plan, embracing Emerging Tech and Automation, Exit Strategies, Future Proofing your Business, Business Planning Mindset, and Accountability.

17/05/2024

Most of us know we have a credit rating, but do you know what it is for or how it is calculated? In this episode Sarah and Trudi unpack all things credit ratings. They work through who calculates the ratings, who uses them and most importantly what types of things can impact on your having a good or bad rating! They will also talk about the importance of business owners understanding not only their own credit ratings, but that of large customers or customers to whom they lend money or equipment. This is the episode to listen to ensure you have the credit rating you need when you need it.

14/05/2024

09/05/2024

Module 4 of the Better Business Owners course is Cashflow forecasting. A topica that you hear us talk about regularly as it is so important for all businesses. Cash is king!

Learn the ability to forward Cashflow Forecast. Including - Why Business Success requires Forward Cashflow Planning, How to read Financial Statements, the Impact of Breakeven and Pricing for Profit, the difference between a Budget and a Cashflow Forecast and why it matters, and then How to Cashflow Forecast.

02/05/2024

Module 3 is an important one for all business owners: Understanding Financials & Quoting for Profit.

Learn to understand basic Financial Management. Including - Understanding Financial Terms including basic Financial Literacy, Understanding the components of Financial Management: Book and Record Keeping, Correct Data Entry and Statutory Requirements; and Understanding Financial Statements, Impact of Breakeven and Quoting or Pricing for Profit.

29/04/2024

No business owner can “do it all”. So when is it time to call in the experts and how do you know which one? Sarah and Trudi unpack this in their latest episode where they talk about the importance of using experts within your business, and making sure you don’t leave it too late to call them in. They discuss some of the reasons you might use an expert and why isn’t not always in your best interests to do everything yourself. And as always, they touch on the importance of planning within your business and how these plans can ensure you get it right when it comes to using the experts.

26/04/2024

The second module in the Better Business Owners Course by is all about Systems and Processes.

Learn effective systems for a sustainable and scalable business. Including - Client Onboarding, the Customer Journey, Business Needs Assessment, Systems & Software Requirements, Lead Funnels & Client Acquisition, Business Efficiencies, Creation of Business Goals, Communication, Client Relationships and Retention, Financial Management, and what is a Saleable Asset.

24/04/2024

You’ve heard us mention it, but this week we dive deep into the Better Business Owners Course. The course designed to build your business confidence and mindset. Sarah and Trudi will take you through the course content and structure (tip, you can just do the modules that suit you best!) as well as who the course is targeted at and why they think all business owners should do it. So, if you are feeling overwhelmed by paperwork, quotes and constant work hours take a little time out to listen to how this course can help you have a business that operates

seamlessly, allowing you the chance to enjoy life beyond work!

18/04/2024

Have you checked out the Helix Planning Better Business Owner Course? Module 1 is all about learning and understanding the foundational importance of business, and its impact on long term success. Including - Technical Specialty vs Business Owner, Research, Contracts, Branding, Entity Structure, Communications, Understanding Compliance and OH&S.

15/04/2024

Personal services income (PSI) is an often misunderstand tax rule requiring individuals that earn more than 50% of their income from personal skill and effort to be taxed as if they were an employee. In this episode we walk through the, sometimes complex, rules around who is subject to the Personal Services Income rules. Sarah and Trudi will take you through the various tests that can exempt you from the PSI to treat you as a Personal Services (PSB) and some of the complexities around applying these tests. If you earn your income from your labour (as opposed to product) this is a must listen to episode to ensure that you are aware of the rules that potentially apply to you.

08/04/2024

Do you have employees? Then this is a must listen to episode for all things employee entitlements. Sarah and Trudi run through the various types of leave and other entitlements available to employees. They also touch on some tips on keeping up to date with FairWork changes and ensuring your employees have access to the policies applicable to your business.

04/03/2024

Poverty consciousness is the belief that there isn’t enough of anything to go around: not enough money, not enough time, not enough planning, leaders, clean air, rest, love – just about anything that you want or think you and others need, or that is important to you. So how does this impact you as a business owner? Listen is as Sarah and Trudi discuss Poverty Consciousness and how it can have an impact on how you run your business and how successful you will be in business. Thinking that this doesn’t apply to you? Well if you have ever proclaimed “I just don’t have time for that”, then you very possibly do! Listen in for an interesting discussion of the impact of your mindset in business and how you can improve it.

02/03/2024

Have you checked out the Better Business Course by ? You can take on all 8 modules or pick and choose the ones that are most relevant to you.

To find our more visit: https://courses.helixplan.com.au/bundles/better-business-owner-course

29/02/2024

Another great recording session! Looking forward to dropping this one!

Create your own studio-quality content.

26/02/2024

We all know how to network right? Or do we? Love it or hate it networking is a part of being a business owner. We all need a network of people around us to help ensure business success – whether they be customer, supplier or biz buddy. In this episode Sarah and Trudi talk about how to (and not to) approach networking and how to get the most out of the networking opportunities available to you. They remind us that networking takes 2 to work properly, but that it can also take persistence and practice. Listen in for a refresher on how to make the most of your networking.

22/02/2024

We all want out clients to walk about feeling like they have had a good experience, whether with out product or service. In this episode Sarah and Trudi discuss exactly what is a “quality client outcome”, and how it can look different for different types of businesses. They consider the reasons for wanting quality outcome and the difference between referrals and repeat business. This episode links in with episode 2 on the customer journey and is a fantastic continuation of the discussion on understanding our clients/customers' needs and wants, they need for clear communication and the benefit to business of having a strong client focus.

11/02/2024

In this episode, Trudi and Sarah break down what the “Customer Journey” is and why optimising it is important to a business. All businesses rely on their customers/clients to have an ongoing business and understanding the customer journey is an important aspect of this. Sarah and Trudi emphasize the need to improve and refine the customer journey to ensure customer satisfaction and loyalty. They use the example of a bag to explain how to map out the customer journey and consider different outcomes and strategies. This episode is a great starting point for business owners to better map out and understand their customer journey within their own business.

08/02/2024

And we are back for Season 5! In the opening episode Sarah and Trudi discuss how inefficiencies within your business can be impacting on the business profitability. They consider the different types of inefficiencies such at processes, technology, communication and decision making. As well as talking through the various way business can identify these inefficiencies and put changes in place. The new year is a great type to be reviewing your business and how you can do things better, so this episode is very timely!

06/02/2024

We are back for 2024 with Season 5 of the Financial FOFU podcast and we are looking foward to sharing more business hints and tips with you. Listen now on your favourtie podcast app

01/02/2024

We are back with Season 5! The first episode dropped Monday and more coming soon!

Create your own studio-quality content.

11/01/2024

🎁 As the holiday season approaches, it's the perfect time to assess how you're rewarding your hardworking team.

In this episode, Sarah and Trudi explore the multitude of ways to express gratitude and acknowledge your employees beyond just their wages.

You'll also gain valuable insights into navigating the holiday party scene, including the often-overlooked FBT implications.

In an era of employee retention challenges, this episode is a treasure trove of tips for keeping your team engaged and motivated. 🎉

🎙️ Listen to Season 4: Episode 70: Rewarding your Employees via Spotify and Apple Podcasts! Link in bio.

08/01/2024

📜 Are you a Company Director or considering becoming one? This episode is a must-listen for you!

Join us as we discuss the crucial responsibilities and potential liabilities of Company Directors with special guest Harry Croft of Studio Legal.

Many step into the role of Company Director without a full understanding of its implications. We dive into the legal enshrined Director's Duties, exploring both civil penalties and the possibility of criminal charges for those who go astray.

Stay informed and protect your business interests! 💼

🎙️ Listen to Season 4: Episode 71: Directors Duties via Spotify and Apple Podcasts! Link in bio.