6 Things to Know Before Starting a Business in Australia

Are you pondering about starting a business in Australia? Australia is a market that businesses have been flocking to from around the world for many years. That trend shows no sign of changing any time soon. The fact of the matter is that there has never been a better time to begin doing business in the land down under. However, like all countries, Australia has their own rules and regulations that must be abided by in order to legally operate a business there. Knowing the necessary steps that you need to take can save you time and prevent your business…

Keeping the Law of Diminishing Returns from Hurting Your Business’s Productivity

The law of diminishing returns is something that all business owners are, or should be, aware of when it comes to hiring a labour force. This law basically states that productivity grows as the number of people working grows to a certain point. After that point, each worker added actually lessens the cumulative productivity. Reaching this point and not exceeding it is something that small and medium sized business owners should strive to do. Know Your Business While knowing your own business may seem self-evident, not all business owners know their businesses as well as they should. This could be…