The Chasers Channel - Empowering Small Business Owners to Achieve the Dreams They Are Chasing!

You have stated you want to write a book, start a new marketing campaign, get up early so you can get fitter and healthier but something holds you back. Weeks go by and you still want to do it but you just can’t get started.

Why?

Find out ways to avoid it and get things done!

Generally, a contribution to a self-managed superannuation fund (or SMSF) is tax deductible when it has been received by the SMSF BEFORE the 30th June and is acknowledged in writing by the fund Trustees that they have received a Notice of Intent from the payer that they wish to claim the contribution as a tax deduction.

This episode comes from a real-life case just before the 30th of June and is about how to make an urgent tax-deductible contribution to your SMSF with no money!

Real estate is many people’s most valuable asset. 

If you own property, it’s important to make sure it’s protected with a security system and insurance.

Property insurance is a type of insurance that covers your home and its contents against damage or loss caused by certain events, such as fire, theft, and natural disasters.

It can also provide liability coverage in case someone is injured on your property.

This episode looks at some of the reasons why you should get property insurance.

With higher interest rates impacting investors, many buyers are looking at creative ways to boost their rental income.

One popular strategy is building an extra dwelling – like a granny flat – on the property.

While it’s not possible in all situations, there are benefits to having a second residence on the property.

When we have a Team who understand their roles and are good at what they do they tend to be eager to do more and accept the challenge of being busy and productive.

So, it makes good economic sense to look at ways to generate more business to satisfy that need to grow your business.

But if you focus solely on getting new customers, you're missing a big opportunity.

When it comes to growing a business there are just 4 fundamental ways to do this.

Normally, an SMSF can't invest too much in assets owned by related parties (like family members or business associates) because of the in-house asset rule which restricts investing to 5% pf the total assets of the fund.

Starting up a business with no advice and with no asset protection is like walking into a casino and betting your house (and perhaps most of the other assets you have accumulated to date) on your favourite number - you risk losing everything!

This episode discusses how to avoid this and why it's important to get advice about how to protect your personal assets (and on other matters) before starting a business in Australia. 

The key to most property transactions comes down to a buyer's ability to secure finance.

But over the past 12 months, as interest rates have risen against a backdrop of higher property prices, obtaining finance hasn’t always been easy.

The first step most would-be buyers take is speaking to a mortgage broker and getting a pre-approval in place.

This episode explores whether pre-approvals are really worth the trouble.

We all have seen those ads on TV - compare the pair - and they really are misleading in many ways stating that Industry Superannuation Funds are superior to Retail Superannuation Funds.

There is no comparison of the features and benefits of the insurance products held by each which can dramatically affect a member at claim time.

This can make those compare the pair ads very misleading.

Are you the one in your business who is answering phones, talking with team members, fighting fires, juggling all the elements of your business at once - marketing, sales, management, operations, finances, cash flow, debtors, creditors, suppliers and more?

You’re extremely busy and you’ve just realised that you forgot to eat lunch again, and someone unexpected has just walked in the door. 

Unfortunately, that means you’re going to have to spend time with them instead of completing the paperwork you really wanted to finish. 

Oh well, you’ll take it home and do it tonight.

This is working in your business ...

... the secret is to work ON your business so that you don't have to work IN it!

In this episode we will be exploring this concept in more detail.