SandS Australia

𝑰𝒕’𝒔 𝒕𝒉𝒆 𝒕𝒊𝒎𝒆 𝒕𝒐 𝒈𝒓𝒆𝒆𝒕 𝒂𝒏𝒅 𝒄𝒆𝒍𝒆𝒃𝒓𝒂𝒕𝒆! 🎄🌟 ⛄️🥂

𝘞𝘦 𝘩𝘢𝘷𝘦 𝘣𝘦𝘦𝘯 𝘱𝘳𝘰𝘨𝘳𝘦𝘴𝘴𝘪𝘯𝘨 𝘴𝘵𝘦𝘢𝘥𝘪𝘭𝘺 𝘥𝘦𝘴𝘱𝘪𝘵𝘦 𝘵𝘩𝘦 𝘪𝘮𝘱𝘢𝘤𝘵 𝘰𝘧 𝘵𝘩𝘦 𝘱𝘢𝘯𝘥𝘦𝘮𝘪𝘤.

𝘛𝘩𝘢𝘯𝘬 𝘺𝘰𝘶 𝘧𝘰𝘳 𝘴𝘵𝘢𝘺𝘪𝘯𝘨 𝘪𝘯 𝘵𝘰𝘶𝘤𝘩 𝘸𝘪𝘵𝘩 𝘶𝘴 𝘵𝘩𝘳𝘰𝘶𝘨𝘩-𝘰𝘶𝘵 𝘵𝘩𝘪𝘴 𝘺𝘦𝘢𝘳!! 🤝🙏

𝘞𝘦 𝘢𝘳𝘦 𝘦𝘹𝘤𝘪𝘵𝘦𝘥 𝘵𝘰 𝘴𝘵𝘢𝘳𝘵 𝘵𝘩𝘦 𝘯𝘦𝘸 𝘺𝘦𝘢𝘳 𝘸𝘪𝘵𝘩 𝘢𝘭𝘭 𝘰𝘧 𝘺𝘰𝘶, 𝘪𝘯𝘤𝘭𝘶𝘥𝘪𝘯𝘨 𝘰𝘶𝘳 𝘯𝘦𝘸𝘭𝘺 𝘰𝘯𝘣𝘰𝘢𝘳𝘥𝘦𝘥 𝘤𝘭𝘪𝘦𝘯𝘵𝘴! 🌞

𝑾𝒊𝒔𝒉𝒊𝒏𝒈 𝒚𝒐𝒖 𝒂𝒍𝒍 𝒂 𝒔𝒆𝒂𝒔𝒐𝒏 𝒇𝒖𝒍𝒍 𝒐𝒇 𝒋𝒐𝒚 & 𝒉𝒂𝒑𝒑𝒊𝒏𝒆𝒔𝒔! 🎄🌟 ⛄️🥂

𝑻𝒆𝒂𝒎 – 𝑺𝒂𝒏𝒅𝑺 𝑨𝒖𝒔𝒕𝒓𝒂𝒍𝒊𝒂

𝐇𝐨𝐰 𝐭𝐨 𝐰𝐢𝐧 𝐭𝐡𝐞 𝐰𝐚𝐫 𝐟𝐨𝐫 𝐫𝐢𝐠𝐡𝐭 𝐭𝐚𝐥𝐞𝐧𝐭 ?

Evolving technology has an impact towards talent acquisition. Have you ever thought how would this impact your organization?

Refer to these three areas for SMEs in Supply Chain business on developing technology-oriented HR strategy.

Supply chain roles have been changing drastically.
The most significant change is the move towards hybrid methodology, using a mix of traditional operations (manually driven) in the logistics domain, and latest technology.

How to win the war for right talent to sustain in a technology driven supply chain industry?

We are currently assisting one of our client company to revisit their HR strategy. Sharing here with are three main areas to bridge the adverse gap in the skill level of your workforce.

► 𝐔𝐩𝐬𝐤𝐢𝐥𝐥 𝐞𝐱𝐢𝐬𝐭𝐢𝐧𝐠 𝐰𝐨𝐫𝐤𝐟𝐨𝐫𝐜𝐞 – Ensure to add areas such as AI, RPA, IoT, Blockchain and Data Science in your training and development plan.

► 𝐂𝐫𝐞𝐚𝐭𝐞 𝐚 𝐬𝐮𝐢𝐭𝐚𝐛𝐥𝐞 𝐞𝐧𝐯𝐢𝐫𝐨𝐧𝐦𝐞𝐧𝐭– Ensure your organization and its processes are significantly automated/ technology driven.

► 𝐓𝐡𝐢𝐫𝐝 𝐩𝐚𝐫𝐭𝐲 𝐤𝐧𝐨𝐰𝐥𝐞𝐝𝐠𝐞 𝐩𝐫𝐨𝐯𝐢𝐝𝐞𝐫𝐬– Partner with IT knowledge service providers to enhance the value of your workforce.

Read our article to understand details on wining the war for right talent and the areas SandS can assist you https://lnkd.in/gxzucniB

Please contact us at [email protected] if you’d like to have a discussion or a complimentary consultation.

𝐋𝐨𝐨𝐤𝐢𝐧𝐠 𝐟𝐨𝐫 𝐰𝐚𝐲𝐬 𝐭𝐨 𝐠𝐫𝐨𝐰 𝐲𝐨𝐮𝐫 𝐰𝐞𝐚𝐥𝐭𝐡 𝐝𝐮𝐫𝐢𝐧𝐠 𝐜𝐫𝐢𝐬𝐢𝐬?

Many business owners are yet to understand the new normal that suits the survival of their investments.

It is crucial to seize the opportunities to generate your wealth at the right time, not the perfect time, as there can’t be a perfect market condition at anytime.

COVID-19 has created a significant negative impact to income generated from employment and savings. This signals that the wealth an individual holds in bank accounts do not grow.

SandS resultants have highlighted this signaling to our clients seeking to grow their investment portfolio.

Our professional advisors will help you to stay focused on your investment growth goals, by providing the information and guidance to grow a secure and stress free investment portfolio.

How to create your investment plan for wealth generation?

► Identify your current financial status.

► Personal goal and investment decision alignment.

► Identify your acceptable risk level.

► Decide the type of investment.

► Sense of urgency.

Read more on how to allocate your investment budget favorably https://lnkd.in/geqxbAGB


Please contact us at [email protected] if you’d like to have a discussion or a complimentary consultation.

𝐑𝐞𝐥𝐚𝐭𝐢𝐨𝐧𝐬𝐡𝐢𝐩 𝐌𝐚𝐫𝐤𝐞𝐭𝐢𝐧𝐠 𝐟𝐨𝐫 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐠𝐫𝐨𝐰𝐭𝐡

Relationship Marketing is a long-term marketing strategy.
Prime objective of this strategy is to build a long-term relationship with the client, with the focus of client retention.

This type of marketing relationship is build prioritizing product benefits to the customer, customer service ( before making the purchase decision, while making the purchase decision and after sale).

Quality is a vital component maintained throughout this process. This is not an overnight yielding process. Investment of your time and resources will definitely give you long-term results.

Summarized below are three areas a business owner could consider when building a Relationship Marketing Strategy;

► 𝑬𝒎𝒐𝒕𝒊𝒐𝒏𝒂𝒍 𝒄𝒐𝒏𝒏𝒆𝒄𝒕𝒊𝒐𝒏- Make sure from day one your promises are delivered. This creates a lasting emotional connection in business.

► 𝑴𝒆𝒂𝒏𝒊𝒏𝒈𝒇𝒖𝒍 𝒓𝒆𝒂𝒔𝒐𝒏– Imply a meaningful reason for your clients to stay with you. This should be something beyond increasing profits !

► 𝑳𝒆𝒗𝒆𝒓𝒂𝒈𝒆 𝒐𝒏 𝒚𝒐𝒖𝒓 𝒄𝒐𝒎𝒎𝒖𝒏𝒊𝒕𝒚– Build a like minded community around your brand and empower them.

Read our article to understand more details on this and the areas SandS can assist you; https://lnkd.in/gK2DDikX

Please contact us at [email protected] if you’d like to have a discussion or a complimentary consultation.

𝐖𝐡𝐚𝐭 𝐭𝐨 𝐝𝐨 𝐰𝐢𝐭𝐡 𝐲𝐨𝐮𝐫 𝐞𝐱𝐜𝐞𝐬𝐬 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐜𝐚𝐬𝐡?

As entrepreneurs your focus during the initial stages of launching your business is to keep it up and running.

Once you have established your business, you need to have a strategy in mind about how you intend to use up your excess cash.

The goal is to develop your business so that it achieves long term success, so you have to avoid withdrawing most of the excess fund for yourself at least during the initial stages of your business.

This article explores some options that business owners should consider when deciding how to use the excess cash.

How to utilize excess cash;

► 𝐂𝐫𝐞𝐚𝐭𝐞 𝐚 𝐜𝐚𝐬𝐡 𝐫𝐞𝐬𝐞𝐫𝐯𝐞

► 𝐑𝐞-𝐢𝐧𝐯𝐞𝐬𝐭

► 𝐑𝐞𝐩𝐚𝐲 𝐝𝐞𝐛𝐭

► 𝐏𝐚𝐲 𝐨𝐮𝐭 𝐛𝐨𝐧𝐮𝐬𝐞𝐬

Read our article to understand more details on this and the areas SandS can assist you; https://lnkd.in/gAriS4iJ

Please contact us at [email protected] if you’d like to have a discussion or a complimentary consultation.

𝐇𝐨𝐰 𝐲𝐨𝐮𝐫 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐜𝐚𝐧 𝐛𝐞𝐧𝐞𝐟𝐢𝐭 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐓𝐡𝐫𝐞𝐞 𝐌𝐚𝐢𝐧 𝐒𝐞𝐜𝐭𝐨𝐫𝐬 𝐛𝐨𝐨𝐬𝐭𝐞𝐝 𝐛𝐲 𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 ?

COVID-19 has created a new frontier for every business. There are opportunities and threats in front of every business owner.

It is crucial that you analyse the impact of these and convert them to high yielding opportunities.

We have summarised the industries/sectors boosted by COVID-19 into the three main categories listed below.

Read our complete article to understand how to convert these opportunities to benefit your business, and the ways SandS can assist you.

► 𝑬𝒎𝒆𝒓𝒈𝒊𝒏𝒈 𝑽𝒊𝒓𝒕𝒖𝒂𝒍 𝑩𝒖𝒔𝒊𝒏𝒆𝒔𝒔 & 𝑽𝒊𝒓𝒕𝒖𝒂𝒍 𝑾𝒐𝒓𝒌𝒇𝒐𝒓𝒄𝒆 - Convert your operations to virtual a platform/workforce to acquire cost advantages

► 𝑽𝒊𝒓𝒕𝒖𝒂𝒍 𝑹𝒆𝒂𝒍𝒊𝒕𝒚 (𝑽𝑹) & 𝑽𝒊𝒓𝒕𝒖𝒂𝒍 𝑻𝒆𝒄𝒉 – Time to plan investing in technology to improve your business

► 𝑬𝒍𝒆𝒄𝒕𝒓𝒐𝒏𝒊𝒄 𝑻𝒓𝒂𝒏𝒔𝒇𝒆𝒓𝒔– Be informed about local and international changes to plan your business transactions

Read more on how we assist you to create that winning team & business on our web page https://lnkd.in/g9NqwskH

Please contact us at [email protected] if you’d like to have a discussion or a complimentary consultation.

𝐅𝐢𝐧𝐝𝐢𝐧𝐠 𝐰𝐚𝐲𝐬 𝐭𝐨 𝐠𝐫𝐨𝐰 𝐲𝐨𝐮𝐫 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐩𝐫𝐨𝐟𝐢𝐭𝐬? 𝐓𝐫𝐲 𝐨𝐮𝐫 𝟓-𝐒𝐭𝐞𝐩 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐅𝐨𝐫𝐦𝐮𝐥𝐚

When making decisions relating to profit generating with a risk component attached to it, there are three possible consequences any business owner / leader may go through;

𝟙. Avoid such decisions and do nothing

𝟚. Accept the opportunity but make wrong decisions

𝟛. Accept the opportunity and make right decisions

Making right decisions to grow profits does not depend purely on the thought process of the individual, it is also coupled with organization's structure, processes and atmosphere.

Sharing here with the areas organizations can focus to improve profitability. We call it “𝑻𝒉𝒆 𝑷𝒓𝒐𝒇𝒊𝒕 𝑮𝒓𝒐𝒘𝒕𝒉 𝑭𝒐𝒓𝒎𝒖𝒍𝒂” and we have implemented this to many of our clients to survive and thrive in their business domain.

► Re-engineering operating procedures

► Stay connected to your stakeholder

► Streamlining management processes, costs, and overheads

► Set a motivational bonus structure

► Recognize & reward high achievers

Read our article to understand more details on this and the areas SandS can assist you https://lnkd.in/eGWkPdac

Please contact us at [email protected] if you’d like to have a discussion or a complimentary consultation.

𝐀𝐫𝐞 𝐲𝐨𝐮 𝐟𝐚𝐜𝐢𝐧𝐠 𝐚𝐧𝐲 𝐝𝐢𝐟𝐟𝐢𝐜𝐮𝐥𝐭𝐢𝐞𝐬 𝐦𝐚𝐧𝐚𝐠𝐢𝐧𝐠 𝐜𝐚𝐬𝐡 𝐟𝐥𝐨𝐰𝐬 𝐰𝐡𝐢𝐥𝐞 𝐜𝐨𝐩𝐢𝐧𝐠 𝐰𝐢𝐭𝐡 𝐜𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐢𝐧𝐠 𝐞𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐝𝐞𝐦𝐚𝐧𝐝𝐬?


The contingency plans we’ve put in place for our clients has meant everyone of them is growing steadily through this pandemic and staying ahead their rivals.

‘This is what we’ve done to set up our clients to be strong through and post COVID’

► Forecasting cashflows accurately based on past performance.

► Developing a strong marketing funnel to acquire profitable clients.

► Negotiating on debt collection and payments.

► Apply for financial aid you are entitled to.

► Dispose unused assets or postpone investing decisions.

► Create a sales promotion to sell old stock.

Read our complete article to understand more details on this and the areas SandS can assist you https://lnkd.in/g9_rFWY9

Please contact us at [email protected] if you’d like to have a discussion or a complimentary consultation.

𝐑𝐞𝐩𝐞𝐚𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐞𝐫𝐬 𝐚𝐫𝐞 𝐚 𝐇𝐢𝐠𝐡 𝐘𝐢𝐞𝐥𝐝𝐢𝐧𝐠 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐭𝐨 𝐚 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬!

Prime focus of majority of the businesses is on generating revenue. The universal truth of attracting a customer to purchase your product or to obtain your service is based on main three factors.

First and foremost reason is the 𝑷𝒓𝒐𝒅𝒖𝒄𝒕 / 𝑺𝒆𝒓𝒗𝒊𝒄𝒆 𝒔𝒐𝒍𝒖𝒕𝒊𝒐𝒏. What problem of theirs you solve, how important that problem to them and how you resolve it. Second point is your 𝑽𝒂𝒍𝒖𝒆 𝑷𝒓𝒆𝒑𝒐𝒔𝒊𝒕𝒊𝒐𝒏 ; this refers to the value addition you pass on to your client in return to their time and investment. Third factor is the 𝑺𝒆𝒓𝒗𝒊𝒄𝒆; this has an emotional element and depends on how well you create a memory and a positive experience in the minds of your customer.

When generating revenue it is important to focus on repeat customer orders. Summarized below are the important areas relating to repeat customer orders to your business strategy;

► 𝐂𝐨𝐬𝐭 𝐕𝐬 𝐑𝐞𝐭𝐮𝐫𝐧 - The effort and time taken to attract a new customer incur a significant cost to your company compared to a repeat order.

► 𝐄𝐚𝐬𝐲 𝐭𝐨 𝐒𝐞𝐥𝐥 – Since you have already built trust and confidence with them; you can introduce your new products to them easily.

► 𝐏𝐫𝐨𝐦𝐨𝐭𝐢𝐧𝐠 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 - It’s their word of mouth which is more convincing and promising to attract a new client.

► 𝐂𝐮𝐬𝐭𝐨𝐦𝐞𝐫 𝐋𝐨𝐲𝐚𝐥𝐭𝐲- Loyal customer will stay together with a business in the long term

Read our article to understand more details on this and the areas SandS can assist you ; https://lnkd.in/gBi4UuyP

Please contact us at [email protected] if you’d like to have a discussion or a complimentary consultation.

𝐒𝐭𝐞𝐩𝐩𝐢𝐧𝐠 𝐘𝐨𝐮𝐫 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐔𝐩 𝐭𝐨 𝐭𝐡𝐞 𝐍𝐞𝐱𝐭 𝐋𝐞𝐯𝐞𝐥, 𝐛𝐮𝐭 𝐅𝐢𝐧𝐝𝐢𝐧𝐠 𝐢𝐭 𝐇𝐚𝐫𝐝 𝐭𝐨 𝐄𝐧𝐞𝐫𝐠𝐢𝐳𝐞 𝐭𝐡𝐞 𝐓𝐞𝐚𝐦?


From Winning Big New Clients to working at Peak Efficiency to improve both Work-Life Balance and the Bottom Line, it’s all about effectively managing change!


It is important to ensure change is implemented effectively to run and improve the business.


Follow these Three Steps to Energize Your Change Management.


Ensure you have a strong;

► Vision (You) - Communicate, Communicate and Communicate.


► Change Agent/s (Your Team) - Use People Power!!


► Structure (SandS Business Resultants) – Setup and Coach, to Train, Practice, Measure, and Improve!


Read more on how we assist you to create that winning team & business on our web page;
https://lnkd.in/gdqJ94UQ


Please contact us at [email protected] if you’d like to have a discussion or a complimentary consultation.

𝐓𝐢𝐩𝐬 𝐭𝐨 𝐢𝐦𝐩𝐫𝐨𝐯𝐞 𝐭𝐞𝐚𝐦𝐰𝐨𝐫𝐤 𝐚𝐭 𝐲𝐨𝐮𝐫 𝐨𝐫𝐠𝐚𝐧𝐢𝐬𝐚𝐭𝐢𝐨𝐧

Having a collaborative team has a direct impact on how well an organization functions.

Good teamwork helps improve creativity as employees are able to exchange ideas in order to arrive at the best solution. Also, the individual members in a team may have their own strengths and weaknesses, so each individual is able to bring his/ her talents to the table.

There are many associated challenges when it comes to managing a team such as conflicts, internal politics and lack of trust all of which contribute in bringing the team down. Teams that don’t work together will struggle to perform.

𝐇𝐨𝐰 𝐭𝐨 𝐢𝐦𝐩𝐫𝐨𝐯𝐞 𝐭𝐞𝐚𝐦𝐰𝐨𝐫𝐤;

► Be clear on the team’s purpose

► Maintain open communication

► Clarify role and responsibilities

► Encourage informal social events


Read more to know about how you can build high performance teams https://lnkd.in/gPNv3anf

Please contact us at [email protected] if you’d like to have a discussion or a complimentary consultation.

𝐑𝐞𝐚𝐝𝐢𝐧𝐠 𝐲𝐨𝐮𝐫 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬’𝐬 𝐒𝐭𝐚𝐭𝐞𝐦𝐞𝐧𝐭 𝐨𝐟 𝐏𝐫𝐨𝐟𝐢𝐭 𝐚𝐧𝐝 𝐋𝐨𝐬𝐬

The Statement of Profit and Loss (also known as P/L) summarizes the revenues, costs and expenses incurred during a specific period of time, usually a fiscal quarter or year. It is one of the four main financial statements.

The P/L is important because it helps a businessman to evaluate its performance and provides a basis for forecasting future performance.

Most owners tend to only look at the bottom line and fail to do much with the P/L beyond that. This article provides you some tips on how to read a P/L just like an accountant would, so that you can make sound financial decisions based on that.

A monthly review of your P/L would prove to be invaluable and it doesn’t have to take a lot of time if you have the right tools available.

𝐓𝐢𝐩𝐬 𝐭𝐨 𝐫𝐞𝐚𝐝 𝐲𝐨𝐮𝐫 𝐏/𝐋 𝐛𝐞𝐭𝐭𝐞𝐫

► Carry out a month-on-month or year-on-year analysis

► Calculate Key Performance Indicators (KPIs)

► Compare metrics against industry benchmarks/ competitors

Read more to know about your Statement of Profit and Loss;
https://lnkd.in/g4GXJRvx

Please contact us at [email protected] if you’d like to have a discussion or a complimentary consultation.

𝐃𝐨 𝐲𝐨𝐮 𝐮𝐬𝐞 𝐲𝐨𝐮𝐫 𝐩𝐥𝐚𝐭𝐟𝐨𝐫𝐦𝐬 (𝐚𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞 𝐫𝐞𝐬𝐨𝐮𝐫𝐜𝐞𝐬) 𝐞𝐟𝐟𝐞𝐜𝐭𝐢𝐯𝐞𝐥𝐲? 𝐑𝐞𝐟𝐞𝐫 𝐭𝐨 𝐭𝐡𝐞𝐬𝐞 𝐭𝐡𝐫𝐞𝐞 𝐚𝐫𝐞𝐚𝐬 𝐟𝐨𝐫 𝐒𝐌𝐄𝐬 𝐢𝐧 𝐒𝐮𝐩𝐩𝐥𝐲 𝐂𝐡𝐚𝐢𝐧 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐭𝐨 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐩𝐫𝐨𝐟𝐢𝐭 𝐦𝐚𝐫𝐠𝐢𝐧𝐬.

Supply Chain industry plays a crucial role in connecting many other industries. End-to-end supply chain is evolving at a rapid phase as a result of global economic and environmental fluctuations.

You may be facing tremendous pressure in surviving amidst these challenges.

What does it take to be a future-ready, high yielding supply chain business?

Considering resource utilization (platforms) is vital in finding a solution to this. We have identified main three categories to consider in Supply Chain to increase profit margins.

► Consider your business as a service – This mentality helps you to look at the entire spectrum of the business

► Effective communication and networking – Use your network to manage and expand end to end service delivery

► Seek technical Expertise – A method to leverage on knowledge, cost, time and quality

Read our article to understand how to convert these as opportunities in your business and the areas SandS can assist you; https://lnkd.in/gfusr_-G

Please contact us at [email protected] if you’d like to have a discussion or a complimentary consultation.

𝐇𝐨𝐰 𝐭𝐨 𝐛𝐞𝐜𝐨𝐦𝐞 𝐞𝐧𝐯𝐢𝐫𝐨𝐧𝐦𝐞𝐧𝐭𝐚𝐥𝐥𝐲 𝐬𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐥𝐞

Sustainability refers to “the quality of not being harmful to the environment or depleting natural resources, and thereby supporting long-term ecological balance.

”It should not be solely restricted to large corporate, small business need to embrace it as it a factor that influences consumer’s buying decision".

Consumers are more willing than ever to purchase environmentally friendly brands.

By becoming more sustainable businesses can increase their bottom line, as the focus on utilizing fewer resources would mean cost would be lower. Not only does going green improve the bottom-line, it also boosts the company’s image. This makes it easier to secure new customers and even investors.

𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐩𝐫𝐚𝐜𝐭𝐢𝐜𝐞𝐬 𝐭𝐡𝐚𝐭 𝐜𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐜𝐚𝐧 𝐚𝐝𝐨𝐩𝐭;

► Aim to be paperless

► Involve your employees in your sustainability initiatives

► Conserve electricity

Read more to know how you can manage your environmental impact https://lnkd.in/ggkDuTtt

Please contact us at [email protected] if you’d like to have a discussion or a complimentary consultation.

Strategic Purchasing can Improve Profits

Purchasing department of an organization plays a vital role in supply chain management.

Purchasing cost has a direct impact to cost of goods sold and has a significant impact to profitability. At the same time strategic decisions of the organization, product pricing structure and cost has a direct impact in formulating the purchasing process of the organization.

Hence purchasing has a direct impact with the strategy of the organization and profitability.

Nevertheless many business owners think purchasing is a very direct process and does not need a strategy; they tend to revisit their procurement process only after incurring losses.

Summarized below are suggestions to strategically manage the purchasing function;

► Purchasing function should be centralized

► Plan purchasing based on priority order and level of quality

► Consider possibilities of outsourcing; because, specialized companies have more bargaining power

► Purchasing should be based on real time demand

► Agree on payment terms and conditions without impacting the liquidity level of the company

Please contact us at [email protected] if you’d like to have a discussion or a complimentary consultation.

Managing employee expense reimbursements

It is normal for employees to pay for work related expenses out of their pocket. As an employer you would have to ensure that these expenses are duly reimbursed and hence the need for you to have an employee reimbursement policy at your organisation.

Having a policy in place will act as a safeguard from fraud as there is a possibility that employees may claim fictitious expenses, manipulate bills or submit bills relating to personal expenses. Moreover it would improve overall efficiency as employees would be less likely to submit claims for expenses that are not covered by the policy.

Tips to effectively manage employee expense reimbursements;

► Define reimbursable expenses

► Establish limits

► Set out a process

► Track expenses

Please contact us at [email protected] if you’d like to have a discussion or a complimentary consultation.

𝐈𝐦𝐩𝐚𝐜𝐭 𝐨𝐟 𝐓𝐫𝐚𝐢𝐧𝐢𝐧𝐠 & 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭

Training and development is an indispensable activity in corporate world. However, Training and Development is one of the lowest things on the priority list of most companies; though this is at the persistence of the HR department.

We at SandS have noticed that most business owners are reluctant to spend on training and development activities and they consider it as an expense not as an investment.

Explained below are the benefits and different ways of conducting training and development sessions in an organization;

1. Addressing short-comings – Design your training sessions to address weaknesses you have seen among employees.

2. Employee retention – Professional development gains employee loyalty. This creates an environment for the employees to retain in the long-term with the company.

3. Empowering Employees – Training employees to make decisions and work effectively

4. Increased employee engagement – Monitor the results of training sessions and map it with the appraisal system.

Please contact us at [email protected] if you’d like to have a discussion or a complimentary consultation.

𝐇𝐨𝐰 𝐜𝐚𝐧 𝐲𝐨𝐮 𝐨𝐩𝐭𝐢𝐦𝐢𝐳𝐞 𝐲𝐨𝐮𝐫 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐬 𝐑𝐞𝐜𝐞𝐢𝐯𝐚𝐛𝐥𝐞?

Efficient account receivable management is an integral component of managing the cash flows of any business. Poor invoicing or collection processes can result in lost revenues and liquidity problems. If the liquidity issues prevail, the company may face risk of bankruptcy.

Any business needs to have a defined policy on how accounts receivable will be managed. If a policy is not in place, profitability could be adversely affected as the company may have to incur additional costs such as collection costs and bad debt losses.

Recommended practices to optimize Accounts Receivable;

► Carry out credit checks

► Draw up contracts documenting all terms and conditions

► Timely and accurate invoicing

► Establish a collections policy

Please contact us at [email protected] if you’d like to have a discussion or a complimentary consultation.

𝐈𝐧𝐟𝐥𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐀𝐮𝐬𝐭𝐫𝐚𝐥𝐢𝐚𝐧 𝐦𝐚𝐫𝐤𝐞𝐭; 𝐇𝐨𝐰 𝐰𝐢𝐥𝐥 𝐭𝐡𝐢𝐬 𝐢𝐦𝐩𝐚𝐜𝐭 𝐲𝐨𝐮𝐫 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬?

Its worthwhile analysing the status of inflation in the economy. It is also important to understand and interpret the impact of inflation to your business ( source https://www.abc.net.au/news/2021-05-26 )

In today’s post we summarise important areas to consider ; with reference to a recent article published on the analysis of inflation in the Australian economy. This analysis manly covers the price inflation of essential goods , discretionary goods and the knock on impact towards residual impact.


𝐈𝐧𝐟𝐥𝐚𝐭𝐢𝐨𝐧 𝐫𝐚𝐭𝐞 𝐞𝐟𝐟𝐞𝐜𝐭 𝐨𝐧 𝐞𝐬𝐬𝐞𝐧𝐭𝐢𝐚𝐥 𝐠𝐨𝐨𝐝𝐬 𝐚𝐧𝐝 𝐝𝐢𝐬𝐜𝐫𝐞𝐭𝐢𝐨𝐧𝐚𝐫𝐲 𝐠𝐨𝐨𝐝𝐬

From 2005 to 2020, the price of essential goods have inflated with a hike of 61.4%. Considering discretionary goods during the same period is 38.6%. Major contributor for discretionary items price increase is in to***co ( to***co is considered as a discretionary good); price increase in other goods excluding to***co is closer to 18%.


𝐇𝐨𝐰 𝐭𝐡𝐢𝐬 𝐜𝐚𝐧 𝐛𝐞 𝐢𝐧𝐭𝐞𝐫𝐩𝐫𝐞𝐭𝐞𝐝 𝐨𝐧 𝐢𝐭𝐬 𝐢𝐦𝐩𝐚𝐜𝐭 𝐭𝐨 𝐲𝐨𝐮𝐫 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 ?

This significant price variance may have a dramatic impact on low-income households. They will cut down expenditure on other basic requirements (cloths, accommodation etc). They will continue to consume essential goods at the prevailing price.

If you are not in the essential goods industry; you need to revisit your pricing strategy and eliminate unnecessary costs and overheads. At the same time if you are in the essential goods related industry; increasing the price will not be the best decision you should take this moment. You should have a fair understanding of the current demand for your products and its forecasted demand.

Please contact us at [email protected] if you’d like to have a discussion or a complimentary consultation.

𝐇𝐨𝐰 𝐭𝐨 𝐞𝐟𝐟𝐞𝐜𝐭𝐢𝐯𝐞𝐥𝐲 𝐦𝐚𝐧𝐚𝐠𝐞 𝐲𝐨𝐮𝐫 𝐭𝐢𝐦𝐞?

Time is undoubtedly the most crucial resource that business owners have. Many owners tend to feel they lack the time to get all their work done as a result of their packed schedule; hence, there is a need to understand how time should be effectively managed.

By practicing good time management you can become more focused and productive. The time saving tips outlined below will help you to get more work done and avoid working long hours.

Tips to effectively manage your time;

► Plan ahead

► Learn when to delegate

► Avoid distractions

► Track your time

Please contact us at [email protected] if you’d like to have a discussion or a complimentary consultation.

𝐏𝐫𝐢𝐧𝐜𝐢𝐩𝐥𝐞𝐬 𝐨𝐟 𝐑𝐢𝐬𝐤 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭. 𝐇𝐨𝐰 𝐭𝐨 𝐚𝐯𝐨𝐢𝐝 𝐮𝐧𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐥𝐨𝐬𝐬𝐞𝐬? …

Risks are situations that detriment profitability, liquidity and continuation of an organisation. Different risk categories impact orgniasations differently.

Most of the time, business owners from SME level organisations raise the question “ We do not have resources to invest on Risk Management “.
This is not a costly process if you know your business well and the principles of Risk Management. On the contrary failing to have a Risk Management process in your company will lead to irrecoverable damages and losses.

Summary on areas relating to Risk Management Principles;
► Organisational context: Maintain a fair review of macro economical factors impacting your organisation.

► Communication – Its important to maintain transparency. Keeping everyone impacted informed of your decisions will support the risk management process positively.


►Early warning indicators – Implement KPIs and measurements to flag early warnings.

► Review and continuous improvement – Ensure to embed a mechanism to review whether your risk mitigation plan is effective. You can analyse how well you have mitigate loss making situations since the time you have implemented this plan.

Please contact us at [email protected] if you’d like to have a discussion or a complimentary consultation.

Bookkeeping and Business Administration Services

𝐇𝐢𝐫𝐢𝐧𝐠 𝐝𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐩𝐚𝐧𝐝𝐞𝐦𝐢𝐜?

The Covid 19 pandemic has brought the need for business owners to re think their hiring strategies. While some businesses had to halt or slow down new recruitment due to the pandemic, other businesses have seen a steady demand for candidates.

The future of recruitment in Australia is promising as is evident from the drop in unemployment rate has from 6.4% in 2020 to 5.5% in 2021.

With more and more Australian businesses opening up their doors for new candidates, it is important that the business owners understand how they should effectively adapt their hiring procedures while adhering to Covid 19 safety practices.

Hiring tips during the pandemic

► Embrace technology

► Analyze your talent pool to identify required skill sets

► Develop virtual onboarding

► Provide constant support

Please contact us at [email protected] if you’d like to have a discussion or a complimentary consultation.

𝐇𝐨𝐰 𝐭𝐨 𝐞𝐟𝐟𝐞𝐜𝐭𝐢𝐯𝐞𝐥𝐲 𝐮𝐬𝐞 𝐩𝐨𝐬𝐭 𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐫𝐞𝐬𝐮𝐦𝐩𝐭𝐢𝐨𝐧 𝐢𝐧 𝐨𝐭𝐡𝐞𝐫 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐞𝐬 𝐭𝐨 𝐢𝐦𝐩𝐫𝐨𝐯𝐞 𝐲𝐨𝐮𝐫 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬? … 𝐑𝐞𝐚𝐝 𝐭𝐡𝐢𝐬 𝐚𝐫𝐭𝐢𝐜𝐥𝐞 𝐟𝐨𝐫 𝐦𝐨𝐫𝐞 𝐝𝐞𝐭𝐚𝐢𝐥𝐬.

This is the time you should be on top of the business news on a daily basis!

We hear positive news on a daily basis about the resumption of normalcy in different business segments. Gradual rise in one industry category creates a positive impact to the other industries. Because business transactions are integrated with many other services and products.

Some business owners tend to ignore certain updates if its is not about their industry.

If you know very well about the strengths and weaknesses of your organization; this is the right time to explore hidden opportunities resulted by resumption in other industries.

For you to take this decision, your organization should have a clear vision and goals !
Few scenarios are explained below on interrelated businesses.

► Rise in international and local tourism/travel – A good opportunity for those engage in essential supplies such as Agriculture an Farming industry to be prepared for the potential demand.

► Rise in Education industry ( Resuming class-room lectures) – An opportunity for accommodation /rent service providers to facilitate accommodation for overseas and local students.

► Rise in Care Homes / demand for Care Workers– An opportunity for the construction and signage industries to be prepared to bid for government projects for infrastructure related projects.

𝐍𝐞𝐭𝐰𝐨𝐫𝐤𝐢𝐧𝐠 𝐭𝐨 𝐠𝐫𝐨𝐰 𝐲𝐨𝐮𝐫 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬

Most business owners tend to invest all of their time and effort in running their business. As a result, they don’t have time to spend on networking and making connections. Networking can be beneficial for businesses as it helps to develop sales opportunities. Therefore, business owners should make it a practice to spend some time every month on making new connections.

In today’s world, success is determined based on how well the company is able to build trusted relationships. This is where networking would prove to be useful.

Recommended practices to grow your business network;

► Support community events

► Supporting and team engagement sessions for staff members

► Use social media effectively

► Join a business-oriented community group

Please contact us at [email protected] if you’d like to have a discussion or a complimentary consultation.

𝐄𝐦𝐨𝐭𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 𝐢𝐧 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬. 𝐃𝐨𝐞𝐬 𝐭𝐡𝐢𝐬 𝐫𝐞𝐚𝐥𝐥𝐲 𝐦𝐚𝐭𝐭𝐞𝐫? …


Emotional Intelligence (EQ) is the ability to perceive, manage, and regulate emotions.

There is no better time than the pandemic that stressed the importance of Emotional Intelligence. This has become an increasingly important topic in the business environment nowadays; though this was limited to HR related training discussions sometime back.

Specially EQ is an important element and a soft skill to possess by strategic leaders and business owners.

Shown below are some of the practices followef by successful business leaders

► Know each others’ strengths and weaknesses – Because emotions are driven by strengths and weaknesses of an individual.

► Creativity to manage stress - minimize and eliminate methods of increasing stress; Allow team members to disconnect from work when necessary and take breaks

► Work and play together- Create team based work related projects and gatherings outside work.


Please contact us at [email protected] if you’d like to have a discussion or a complimentary consultation.

𝐇𝐨𝐰 𝐭𝐨 𝐩𝐫𝐞𝐯𝐞𝐧𝐭 𝐟𝐫𝐚𝐮𝐝 𝐚𝐭 𝐲𝐨𝐮𝐫 𝐨𝐫𝐠𝐚𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧?

Fraud refers to the use of deception to dishonestly make a personal gain for oneself and/or create a loss for another.

According to the Association of Certified Fraud Examiners (ACFE), the world’s largest anti fraud organization, it is small and medium sized businesses that are the most susceptible to organizational fraud.

The fewer anti fraud controls at small businesses could be a reason for the increased fraud risk that small businesses face.

Thus it is important that efforts are made to prevent and detect fraud as soon as possible.

Recommended practices to prevent fraud at your organization;

► Hire the right employees

► Don’t let one employee handle all the work

► Implement internal controls

► Review the business bank accounts

► Carry out audits

► Train your employees


Please contact us at [email protected] if you’d like to have a discussion or a complimentary consultation.

Accounting Services

Most Aussie business owners say they feel trapped 𝐃𝐎𝐈𝐍𝐆 𝐑𝐄𝐏𝐄𝐓𝐈𝐓𝐈𝐕𝐄 𝐌𝐔𝐍𝐃𝐀𝐍𝐄 𝐓𝐀𝐒𝐊𝐒. 😩 Worry no more!

𝐖𝐞 𝐰𝐢𝐥𝐥 𝐡𝐞𝐥𝐩 𝐲𝐨𝐮 𝐬𝐚𝐯𝐞 𝐲𝐨𝐮𝐫 𝐭𝐢𝐦𝐞 & 𝐦𝐨𝐧𝐞𝐲 𝐬𝐨 𝐲𝐨𝐮 𝐜𝐚𝐧 𝐟𝐨𝐜𝐮𝐬 𝐚𝐥𝐥 𝐲𝐨𝐮𝐫 𝐞𝐟𝐟𝐨𝐫𝐭𝐬 𝐨𝐧 𝐲𝐨𝐮𝐫 𝐜𝐨𝐫𝐞 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬! 😃 ⏱

You can delegate all your bookkeeping and payroll tasks to our team of professionally qualified accountants to take care of. 𝐍𝐨 𝐦𝐨𝐫𝐞 𝐰𝐨𝐫𝐤𝐢𝐧𝐠 𝟓𝟎+ 𝐡𝐨𝐮𝐫𝐬 𝐚 𝐰𝐞𝐞𝐤! Use your free time for a well-deserved rest and more family time! 😊

𝐋𝐨𝐜𝐚𝐥 𝐌𝐞𝐫𝐧𝐝𝐚 & 𝐃𝐨𝐫𝐞𝐞𝐧 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠 𝐏𝐫𝐚𝐜𝐭𝐢𝐜𝐞. 𝐕𝐞𝐫𝐲 𝐚𝐟𝐟𝐨𝐫𝐝𝐚𝐛𝐥𝐞 𝐫𝐚𝐭𝐞𝐬.

Call Sam anytime on 0437 098 766 for a free quote!

𝐇𝐨𝐰 𝐭𝐨 𝐚𝐭𝐭𝐫𝐚𝐜𝐭 𝐲𝐨𝐮𝐫 𝐭𝐚𝐫𝐠𝐞𝐭 𝐚𝐮𝐝𝐢𝐞𝐧𝐜𝐞? …

Target marketing is important to every business. When selling your products or services; if you’re trying to approach everybody, you’re going to have a difficult time reaching anybody.

Vague and generic messages are far less likely to resonate with audiences than specific, direct communication ; this makes target marketing a vital area to focus.

Once you select the target market; it is also important to have a strategy on how you are going to attract them.

Summarized below are the areas business owners should consider when attracting your audience after selecting the right target market.

► Marketing Channel - Direct marketing, indirect marketing and digital marketing – select the right composition of channels based on the life cycle of your product/service.

► Differentiate and address the problem – your product should be unique and addressing a pressing problem of the audience. Remember to address the emotional aspects when marketing your products/service!

► Continuous improvements – Upgrade your product/service based on dynamics in the market. It is also important to let new and existing customers enjoy the improved features of your product/service.

Please contact us at [email protected] if you’d like to have a discussion or a complimentary consultation.