bas.ically business -- baillie admin services

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Commitment and consistency will always show results.

JULY IS - JulEYE - Get your eyes tested this JulEYE. 75% of vision loss is preventable or treatable if detected early enough, yet every 65 minutes an Australian loses part or all of their vision. This group of doctors are increasing awareness and using donations to fund research. Read more about it here

Also over on our Facebook page this month we are holding a basically business challenge - small improvements each day can make big changes across your business - remember to check in daily.

Hope you enjoy this issue of basically business

Sharon

BUSINESS INSIGHTS If you are looking to grow your business it may be time to consider a Joint Venture. A joint venture (JV) is a business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task.

The advantage of a joint venture is that your business can develop quicker, reach a wider market and earn more money. You can also

grow without borrowing money or seeking outside investment.
access new markets and distribution networks.
access additional resources, such as technology and specialist staff.

Setting up a JV offers protection by sharing risks with your venture partners. Additionally the term of the commitment can be as short or as long as the parties or the project require eg task, project or goal.

Before entering into a joint venture agreement, you should seek professional advice to minimise risk. It's important to negotiate the right levels of profit and tax sharing, and the management and liability of a project with your business partners.

ENTREPRENEUR REVIEW - This month Roger Coffee shares some things about himself and being involved in the financial services industry.

Business name - Jewel Fiance

Website Jewel Finance

How did the business originate? A couple of ex-“bankee’s” getting together, deciding things could be done better.

How long have you been in this business? 15 years

What do you love about your business? Meeting People from all walks of life.

Is there anything you dislike? Time wasters

Favourite food: Pizza

Favourite colour: Blue

Favourite drink: Corona

Favourite movie: The Blind Side

Favourite time of the day: Early Morning

Favourite item in your office: Phone

Favourite app on your phone/tablet/computer: Sudoku

What book are you reading right now? David Baldacci – “The Simple Truth”

Which 3 people (dead or alive) would you invite to a dinner party? Why? Jerry Seinfeld – For Laughs, Kerry Packer – Business, Robbie Williams - Music

Name 3 things on your bucket list: See Sharkie’s win a premiership, Travel around our own great country, & visit “The Emirates” stadium in London.

What do you like to do for yourself? Read the Paper

Who do you seek advice from? Friends

What advice would you give to someone thinking of starting their own business? Have a plan and spend time with people who have succeeded.

What is your tip for a work/life balance? Recognise when either starts to take control and the “balance” disappears.

Apple / Android: Android

Beach / Bush: Beach

APP REVIEW - Creating visuals for your social media and other online content is a full time job. Sometimes its good to go with something different. Memes are one type of content that always seem to generate great engagement.

Using one of the many free online sites to create your meme is easy. They will have trending photos ready for you to caption or you can upload your own photo. Alternatively there are also created memes ready to go on current hot topics.

SMALL BIZ TIP - The start of a new financial year is always a great time to review the financial side of your business. When your numbers are done you can assess and put in place a budget for the next year - breaking it down into monthly and quarterly spending.

Its when you know your numbers that you can quickly and easily make decisions for your business.

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EVENTS WORTH NOTING THIS MONTH INCLUDE:

the Fishbowl - we have a FREE morning function on 28 July - info and tickets are here

On our Facebook page this month we are holding a basically business challenge - small improvements daily can make big changes across your business - check in daily.

business.gov.au - has a range of information available to assist start ups as well as guides to reviewing your business and planning for the next step.