Evolving technology and globalisation are helping to bring more innovative and unique ideas to life. But at the same time, they are creating an ideal environment for opportunistic businesses or individuals to exploit a business’s competitive advantage for their own benefit.
Years of frustration about the gap between protecting wealth and finalising Estate Plans recently bore fruit when a group of lawyers and advisers launched Yodal, Australia’s most comprehensive Estate Planning platform.
You already know my position on the over-use of “disruption” in the business world. Now I am adding robo-advice to my list of catchphrases to question.
Intellectual property may not be as tangible as plant, property and equipment, but for many businesses its value exceeds the dollars on a balance sheet. When it comes to selling a business, IP can have a critical impact on the success of the deal for your clients.
Redchip’s annual EOFY function last week gave me a moment to reflect on the year we’ve had and the commercial landscape for the coming 12 months. In personal news, I was stoked to remind our team we’d had 3 weddings, one baby and no funerals at the firm in FY2015 – good news!
Although it is fair to assume that the ATO has a reasonable suspicion of the specific tax issues relating to your client – this is not always the case. For this reason, it often pays off to have the ATO communicate to you the specific tax issue/s being investigated.
When was the last time you needed someone to make the call and they did? No hesitation, no prevarication. They gathered the info they needed, spoke to the subject matter experts, and made a decision.
It’s amazing the amount a small business can achieve with often limited internal manpower and resources. There comes a point, however, where thinking broadly about your business, rather than just operating in your business, is best tackled with some external support.
As we face an increasingly digital world – and come to understand that it’s not going away – there’s a mixture of emotions and questions: Does this new technology threaten my livelihood? Do I need to change my business model to compete/keep up with these developments? What is the opportunity to use this technology to my clients’ and my business’ benefit?
I was reminded during the past week why email is evil. People are hiding behind email and text instead of engaging in person. And it’s costing transactions and clients.