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Insights by Brian

Follow Brian and read what he has to say about topical news, industry trends and relevant aspects of day to day living.

Rev Up the Start-Up

Start-Up

Reality - between 50% and 75% of new businesses won't make it past the first 3 years!!

So why is that?

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Take Leave and Recharge

Take Leave and Recharge

For years I was guilty of not taking proper holidays.  I'd always figured that with the business closing for about 2 weeks over Christmas and New Year, then 6 other public holidays during the year, that was enough.

But is it really?  And what about not really getting away but being in constant contact with "the office"?

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Community

CrossFit I'm an avid Crossfitter, the intensive functional fitness regime (www.crossfitshoalhaven.com).

 Some would say obsessive.

But a big part of what CrossFit is about is Community, and on the weekend while competing at Survival of the Fittest 3 in Nowra I really saw that at work.

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Taxing the Family Home

Taxing the Family HomeIt's pretty much a standard understanding that you don't get taxed on the sale of your family home; the "main residence exemption" takes care of that.

Recent cases and ATO activity might call that into question though.

So how sure are you that you'll withstand a review by the ATO?

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Targeting Success

Targeting Success

I really hope you're not leaving meeting your budgets and targets to the whims of chance.

The only way to make sure you're actually achieving what you set out to - be it in $ terms, new customers, visiting clients - is to chunk it down and monitor it.

But what does that actually mean?

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Negatives of Negative Gearing

Negative gearing in the rental property market is very popular with such a broad range of Australians.

From those starting out in the property market to mum's and dad's, it seems so many people think generating a tax loss from having a property is a great idea.

But is it really??

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Due Value

Due Diligence

Due diligence. What's it actually mean?

In short, due diligence is an investigation.

And when it comes to buying a business, a proper due diligence process makes sure you get value for money.

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Warning Signs

Bad ThinkingBankruptcy and corporate collapses were the highest ever recorded in Australia in 2012, with only 5% ever paying a dividend.  On top of this many more businesses and individuals entered formal debt arrangements.

So what are the typical warning signs?

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