GROW your Small Business with Competitive, Accessible and TRUSTED Business Finance

Concept of green plant grow on Australian Dollar currency note.
We at the Diligent Group partner with our clients for the long haul and we love Small Businesses in how they grow, create jobs, give back to the economy and give business owners their hard-earned sense of success. As Small Business Advisory experts, we delve into many facets of running a business, with one key area being that of Business Finance just for small businesses. ...
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‘Blue Ocean Strategy’ to increase your prices!

Blue Ocean Marketing Strategy with The Diligent Group
In our last blog on the series of increasing your profits we discussed increasing your prices. We briefly mentioned Blue Ocean Strategy as an avenue to increasing prices to your customers or clients. So what is "Blue Ocean Strategy" and how does it enable you to increase your prices? In most industries businesses all compete in the same space for the same clients or customer...
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The simplicity of growing your business: INCREASE YOUR PRICES!

Concept of green plant grow on Australian Dollar currency note.
Last week we looked at the four avenues all businesses have to increase their turnover and profits. This week we are breaking this down further and taking a closer look at the 2nd avenue, “increasing the price you charge for your services or goods”. Before simply increasing your prices by say 10% you should do some research and know what your competitors are currently chargi...
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So you want to grow your small business?

Business and risk planning with the Diligent Group
The simplicity of growing your business! So you have been running your small business for a while and are now looking to growth your turnover and profits. You have been doing some research, attending seminars and self-help course but it all seems confusing? Let’s cut through all the material, advice and folklore surrounding growing your small business. With this in mind w...
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Scary superannuation changes coming into effect 1 July 2017! Are you ready?

Scary superannuation changes coming into effect 1 July 2017! Are you ready.
Recently we have received several calls and emails from clients asking about “the super changes coming into effect on 1 July this year”, what these changes are and how will it affect them? Well firstly these changes were part of the Federal Govt’s May 2016 budget and according to budget papers were designed to improve the sustainability, flexibility and integrity of super going...
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Can Small Business and Mums & Dads adopt Big Corporate risk management strategies?

Business and risk planning with the Diligent Group
Often when we think of large companies we think of them as they way we think about large ships. They are slow to move, find it difficult to change direction and often overlook new opportunities. One thing that Big Corporates do very well is put in place risk management strategies (otherwise known as “cover your arse”) to protect what they have already built. Risk manageme...
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Why is cash flow just as important for mums and dads as it is for business?

Cash flow matters and something we take very seriously at The Diligent Group
We have all heard the adage that for business “cash flow is king”. Businesses can make profit and still go bankrupt if their cash flow is poor. So why is cash flow so important for mums and dads? At The Diligent Group we are often approached by clients for financial planning advice so that their retirement needs are met or some other important issue such as funding kid’s ...
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Most of us know how mortgage interest deductions work on an investment property! Or do We?

Tax2
Most of us know that if you borrow money to buy an investment property, then the interest on your loan is a deduction against the income from the investment property. The key point here is that your property must be rented or available for rent. If you purchase a property and there is no current tenant then it is likely that for a short while your new investment property wil...
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Can I purchase property inside my SMSF without Borrowing Money? The Pro’s and Con’s!

SMSFs with the Diligent Group
As with most things in life, with any solution or option there are usually pro's and con's which need to be weighed against your specific needs and circumstances. As such, there is no one solution that works for all mums and dads and for all times throughout their investment cycle. A short recap of the structure discussed last week was your SMSF invests or purchases units in...
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