Perth, Western Australia

Scammers attack small businesses and self-employed with fresh tricks

Today, it is unsmart to believe that the internet is a safe place because it is where you can fall for all types of online scam. Hence, it is always a good reminder to do a reality check. Businesses, as well as private individuals, become an easy target for malicious actors who want to steal your most valuable personal information or even your assets.

perth news Online Scam

Criminal minds are always looking for new ways to reach into our private lives, our homes and work offices. Nowadays, they use attack tactics and tools varying from traditional attack vectors, which use malicious software and vulnerabilities present in almost all the programs and apps to ingenious phishing scams deployed from unexpected regions of the world. They are sophisticated in which the authorities can’t easily reach out to catch the eventual perpetrators.

According to certain reports, phishing email scams is the most popular form of security incidents. Scammers start with sending phishing emails or malicious attachments sent to their target victims. Phishing scams continue to evolve and be a significant online threat for both users and companies that could see their valuable data in the hands of malicious actors.

In most cases, scammers create a sense of urgency in order for them to achieve their goal. The criminals will tell you a story that is frightening of how your bank account is under threat and how you really need to access as soon as possible a site where you must insert your credentials in order to confirm your identity or your account.

Another popular form of online scam is the bank loan and credit card scam. In this form of scam, the victims are offered with offers that are too good to be true. They offer large amounts of money and have already been pre-approved by the bank.

There are many other forms of online scam. For more details, read this:

ASIC | Debt Management

In our society today, debt is part of life. It can help us buy a house, car, and start or expand our business, or even send our children to school. However, you need to know how to properly manage your debt so that you can improve your life and get things accomplished.

perth finance news Debt-free

On the other hand, mismanaging your debt can lead to big trouble and hinder your progress rather than move you forward. So if you are planning to borrow some money from a family, friend, bank or any financial institution, you should know how to properly manage debts.

Getting in debt can happen to anyone. Normally, business owners and private individuals owe money from someone or from an organisation to support their financial obligation. Regardless of your reason why you borrow a certain amount of money, debt management should be a part of your money management strategy.

Having a well-planned debt management plan helps you prepare yourself for a debt-free future. Getting in debt especially when owing large amount of money is a real pain and stressful, so it is important to plan ahead, inform yourself actively using household budget, disciplined spending, only borrowing when it makes sense to borrow, and setting yourself up to successfully deal with bumps in the road you’ll be in a great position to avoid money worries and stress.

The best way to get out of debt is not to be in debt (of course that’s as much as possible). One of the simplest yet most effective ways to be debt-free is by spending less than you planned to spend. If you want something, don’t purchase it unless you have the money. If you can be satisfied with less than you would ideally want, even temporarily, you can use the money you save to pay down your debt.

For more on debt management, check this interesting article:

These are the 4 crucial steps of a successful start up

What’s a business startup? What makes a startup successful? A business startup is a company that at its first stages of developing a product or service which their business founders believe will be in demand. It is also otherwise known as a startup company or simply, a startup.

perth news Launching a startup

Start-ups are usually financed by its founders. But in the longer run, it will require additional financing from investors and venture capitalist since this kind of funding will not be sustainable.

Start-up companies have been around in all types of business from all corners of the globe. But during the advent and popularity of the World Wide Web in the 1990s, the many so-called internet start-ups have risen. Many of these Internet start-ups eventually failed mainly due to the lack of sustainable revenue or major flaws in their underlying business plans. Some of these Internet start-ups, however, did survive even after www burst.

Once a business has undergone various developments, such as being publicly traded, or being merged or acquired by a larger corporation and ceasing to be an independent entity, it ceases being a startup. Or in an unfortunate turn of events, start-ups may fail and stops operating altogether.

If you plan to launch a startup, you first need to have a plan. You should right down your business ideas together with your goals and the actions you need to do in order to achieve those goals. Once you’ve done that, the next step for you is being honest with your skill set. Ask yourself if you have the necessary skills, initiative, determination as well as the mental and physical energy needed to start a business.

Then, the next step for you is to get the right timing. Remember that in start-ups, timing is everything. You need to have careful calculation to know when the perfect time to launch is.

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Here’s an article on how to pick the right team for your startup.

6 simple calculators to use when buying a home

Before buying a home (whether it’s your first or the nth time), there are several home buying tips that you should first consider. Especially if it’s your first time to purchase a house, you should have the right kind of financial planning to see if it would be in a good price range. It is a huge investment is it is vital to think of it multiple times instead of immediately buying the first house you see in the internet.

perth news Home buying tips

The most basic home buying tip to keep in mind is to get financially organised. This means that if you’re a couple or a single individual moving to your first home, you would have to see if you have enough amount of money that you’ll need to get started. This is a vital point to consider when purchasing a home.

The first step to a successful home buying is financial planning. Financial planning may sound overwhelming, but it doesn’t necessarily mean that you have to be a financial expert or someone excellent in math. All you have to do would be to see if you have made any big purchases that would affect their decision in buying a home. To do that, checking your bank statements and seeing how much money there is coming in would be a great way to see if anyone would be able to afford it.

Aside from the purpose of having your own home, another reason for purchasing a house is for investing. Many Western Australians nowadays invest in real property. As much as it is important to consider money when buying a home for non-investment purpose, you also need to have a financial planning for real property investing.

Thanks to technology, financial planning when buying a home has never been easier. We now can use calculators to help us determine the best price available in the market.

Check out this article for more details:

4 key questions to ask yourself before starting or buying your own business

Starting a business is risky. In fact, majority of businesses fail within two years of start. The good thing is that you can buy an already established business.

perth news Buying a business

In addition to lowering the risk of your startup business to fail, purchasing an already established business ensures that you start making money immediately you make the purchase. Unlike for usual starting businesses, you can start early immediately. You also tend to have a shorter learning curve as by the time you are buying the business you will have employees who are ready to work for you.

Although purchasing an established entity is better than starting a new business from scratch, you shouldn’t buy just any business. Instead, you should buy a business that is ideal for you. How would you know if a business is ideal for you or not? You need to assess your skills, interests and financial resources. As rule of thumb you should buy a business that you are knowledgeable about. For example, if you have been in the visual arts field you should go for a business that is related to the visual arts field.

Buying a business is a big decision. That is why you first need to do research over a period of time. You should start by knowing your skills and interests. Find a business that you are interested in. To make the decision you need to assess your professional skills, business experience and core competencies. You should also assess your financial abilities.

Once you have done your research and found an ideal business, you should make an offer. You should consider the price to be paid to buy the business, training to be provided to you, assets in the business, financing details to be provided by the seller and the area to be covered.

These are the tips on how to purchase a business that fits your situation. Remember that buying a business is expensive; therefore, you should ensure that you do thorough research and buy the right business.

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Winter-Proof your Home

Keeping your house protected from damage is as important as ever, especially with the rising cost of basic commodities in this dragging economy. The winter season can damage your house due to harsh weather so winter-proofing your home is virtually a must.

perth news Winter-proofing your home

Winter-proofing your home can not only protect you and your family from incidents caused by harsh weather, but it can also protect your pocket from repairs and replacements of some areas of your house.

To properly winter-proof your home, you should start from the exterior. First, you should check your roof. Check if there is heavy pile of snow and remove it because its weight can cause trouble. Any damaged area can also be an easy way for water to slowly seep into your home causing water damage, mildew, mould, and other problems.

The gutters are also another important area to check. Make sure that they are clean by removing debris and repair any problem areas. To avoid dirt from clogging your gutters, you may install gutter covers to have them clean.

Apart from the exterior, you should also do something from the inside to fully winter-proof your home. Do you have your windows in plastic wrapping or do you think they are unattractive or to unconventional for you? Well, consider purchasing insulated curtains. These can protect your home from drafts while remaining stylish and unobtrusive. If a warm day comes along, they are much easier to open to allow fresh air in to your home as well.

If you have heating systems, make sure to keep them clean. If you don’t know how to properly clean your heating systems, have an expert heating specialist to do the job for you. He will prevent your heater from potential fires and clogs.

An article posted by Perth Now can teach you more about winter-proofing your home. Moreover, it also teaches on how to save money this winter. You can read the article here:

21 ways to ‘corporate up’ your home office

Indeed, one of the biggest advantages of internet technology is allowing us to work remotely even without the traditional office setups. Nowadays, more and more people work at the convenience of their homes, having the flexibility of working while at the same time taking care of their kids and family.

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There are a number of reasons why people prefer working at home than in offices. Improved productivity as a result of work interrupted heads to top of the list. Of course, there’s work-life balance, there is reduced, lower stress, greater well-being and more.

As you decide to work from home, the importance of having a well-organised, well-planned and well-designed office cannot be underestimated. Having an organised home office space that is clutter-free integrated into your interior design can vastly impact your productivity, stress levels and overall well-being. Here is a practical guide to designing your perfect in-home office space

If you want to have a perfect home office, you first need to choose the right location. It is important to consider the level of distraction you may be facing in the future. Stay away from televisions, children, telephones, and pets as they can all come as unexpected distractions to your productivity. Choose a space with minimal traffic, minimal use, and minimal access to distractions.

When creating a home office, or any type of office, you need to get good illumination. Give yourself plenty of light when working. Sure, natural light is preferred, but the daylight hours are limited. So, make sure that your office space provides ample, bright light with a good hue. Don’t forget to choose a bulb that offers light in a spectrum that works for you.

In building a home office, you should invest as much as is comfortable for your budget. It cannot be said enough how important to mental well-being, productivity, and mood it is to have a working environment that is comfortable.

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Understanding commercial leases

When starting your new small business, you probably already know the certain things that are essential for you to get started – you need to have a smart business idea, a vision, the right capitalisation, your employees, market research, business plan, etc. But one important that is often overlooked by soon-to-be entrepreneurs is their business location and premise.

perth news Commercial lease

Choosing the right location for your business premise can be a great factor in determining the success or failure of your business. A good location is important, but choosing the right one can be something of a balancing act. Of course, the business premise should not be too expensive, but ideally the location should be convenient for your employees, suppliers and more importantly to your customers. You should weigh up the advantages and disadvantages of location when deciding on a business property.

Depending on the type and nature of business you are running, the first factor to consider when choosing your location is the volume of passing trade. You also need to consider the number of competitors in the location. With the exceptions of business like the real estate which can benefit from being located in a cluster of similar businesses, for many others having too many close competitors can have a severe impact on sales and profitability.

Another factor to put into consideration when choosing your business premise is good transportation. Having good public transport links and local parking facilities make it easier for employees and customers who don’t live within walking distance.

Once you have decided what type of premise your business’ need, the next step for you is to decide whether you will buy or lease your premise. For most business, especially here in Perth, they opt leasing. There are many advantages of leasing, but there are also some disadvantages.

If you want to learn more about commercial leasing, read this:

“No question”: Franchises are more successful than other small businesses, says Boost Juice founder Janine Allis

Do you want to set up a business without starting from scratch? If you do, buying a franchise can be your quick way. However, it is important to evaluate the value and benefits franchising can have for your business when making the decision of whether or not to franchising a business.

perth news Janine Allis

When talking about the idea of franchising, people normally think about restaurants, fast foods, or retail shops from one area of the state to another. While this is a common impression, franchising is simply a method for expanding a business and distributing goods and services through a licensing relationship.

A franchise is specifically an arrangement where one party (which is the franchiser) grants another party (which is the franchisee) the right to use its trademark or trade-name, as well as certain business systems and processes.

The franchisee is also granted the right to produce and market a good or service according to certain specifications. Franchising is a business strategy that has many benefits.

The first benefit of franchising is that the business’ risk is reduced because it is based on a proven format. Due to this, franchises have a higher rate of success than start-up businesses. Franchises usually have an established reputation and image, proven management and work practices, access to national advertising, and ongoing support.

Arguably the biggest advantage of buying a franchise is brand recognition. You benefit from any advertising or promotion by the franchisor. Owning a franchise instead of starting up a new business saves you the time and effort of building a reputation and attracting customers. The branding of a franchise can serve as an advantage before and after you invest whether it’s on the local level, international level or somewhere in between.

In addition to these advantages, an article published by Smart Company Australia says that franchises are more successful than other small businesses. Read the full post here:

Credit Repair | ASIC’s Money Smart

Many of us here in Western Australia are living with bad credit and it’s tough and it is difficult. If you got a bad credit score, many things become tough and more expensive. For instance, if you got an insurance policy, your company is more likely to charge you with higher interest rates due to your bad credit score.

Perth news Credit Repair

Creating and maintaining solid credit history takes time so building good credit won’t happen overnight. You’ll also need to accept the fact that it’s going to take some hard work and patience as well for credit repair.

The first step to fixing your credit score is to fix your credit. Get your credit reports and scores from each of the banks or financial institutions so that you can gauge where you’re at and determine what parts of your score need some work. You should get your credit reports from each of the major credit reporting agencies, as each may contain different information that could impact your scores.

Now that you’ve already found the problems (whether they are errors or areas you need to focus on you may find yourself wanting results quickly), keep in mind that these revisions can’t be fixed overnight.

To rebuild your credit, you need to pinpoint the things that kill your credit. If you have been receiving letters that detail your credit problems, you have some idea of what’s holding you back. Even though it may seem complex, your credit score is based on five core factors. These factors include payment history, credit utilisation, the age of credit accounts, mix of credit accounts and history of applying for credit.

If you have errors on your credit report, start the dispute process as soon as possible. You can repair your credit your own or you may also hire a professional credit repair company to help you fix your credit.

For more on credit repair, read this:

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