Why the car wash industry is ripe for disruption
Here’s why owning a car wash actually has the potential to be a great little earner – and why the industry is ripe for disruption.
What your accountant doesn’t tell you: Here’s why business owners have the edge in tax savings
Small business owners get the best tax deals in Australia. Here’s how we optimise our tax structure at SBO – and how you can do the same.
Tax-free electric cars? What you need to know about the fringe benefits tax exemption for electric vehicles
By Andrew Law (Head of Tax) and Simon Davis (Head of Business Development) This article was updated on 27 February 2023. It’s not often that tax legislation gets anyone’s motor running, but a new bill from the Federal Government that exempts electric cars from fringe benefits tax (FBT) has people talking – and it might…
Christmas tax tips: How to minimise your tax bill for corporate gifting and spending
The festive season is synonymous with corporate spending, so here are a few tips to help you avoid the ‘gift’ of a heaving EOFY tax bill. ‘Tis the season to whip out the corporate credit card, shout a round for your favourite clients and treat your employees to an epic end-of-year celebration – and…
Spreading the wealth: Why we implemented equity-like compensation for our team
Want to make your business more appealing to jobseekers, and incentivise your current employees to stick around and keep bringing their A-game? Then you should be looking at ways for your team to share in your company’s success. Over the past several years, we’ve had ongoing conversations here at SBO Financial about how we can…
Three profit levers to pull before you start cutting costs like an ar$ehole
When asked how to improve the profitability of a business, the default response by your typical robot accountant is to “restructure your costs”. Translated to non-accountant terms, that means slash your overhead expenses and fire staff. They’ll offer a bunch of recommendations like replacing the espresso machine with instant coffee, or cancelling the annual staff…
Would you like fries with that? What McDonald’s can teach us about cross-selling
McDonalds have designed and optimised their menu to maximise profitability. Here’s how you can do the same.
Why I walked away from buying a 7-figure vending machine business
Forget Bitcoin – vending machines are where the riches are at. Here’s how I almost bought a vending machine business.
Why revenue is a vanity metric
Revenue isn’t the only metric of “success” – what you should be really looking at is your gross profit margin. Here’s why sales really don’t fix everything.
How to make yourself redundant
We’ve unpacked the business owner journey to help you understand how to move to the next stage and ultimately make yourself redundant.