Perth, Western Australia

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.

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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.

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“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.

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Unemployment rate rises to 5.6 percent

Many countries around the world are struggling with their unemployment rates going high. This also includes Australia and more specifically The City of Perth. With that, governments are looking for ways to generate as much job opportunities as possible to help their unemployed citizens to land a job. Most governments, especially developing countries, look for ways to attract foreign investors so that they can generate more jobs and reduce unemployment in their country.

What is unemployment? It is a situation in which individuals who belong in the working-age (willing and are able to work) are unable to land a job or find paid employment. In other words, unemployment refers to a situation in which people who are capable of working and who are qualified by age to work cannot find employment, often referred to as being “out of work”, or unemployed… In economics, unemployment refers to the condition and extent of joblessness within an economy.

Unemployment is measured in terms of the unemployment rate, which is the number of unemployed workers divided by the total civilian labour force. Hence, unemployment is the condition of not having a job.

Unfortunately, unemployment levels are increasing dramatically in many parts of the World. Even in Australia, we are also experiencing an increasing rate of unemployment recently. There are several causes behind this increasing rate. But the main reason for the high level of unemployment is dramatically increasing matched with technological progress.

Advanced machinery and equipment are one of the biggest factors why the unemployment level rises. With this technology, far less working hours are needed to produced= all the goods that are required, hence there will be less demand for labour. This can lead more to the raise of unemployment ratio. On the other hand, traditionalism, ignorance and overpopulation etc are some other major cause that led to the rise of unemployment.

In Australia, the unemployment level has risen to 5.6 %, the highest level it has been since July last year. Read the whole story from

Solve customer complaints

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Customer complaints are normally what business owners hate and avoid in their business. However, what business owners don’t realise is that customer complaints can bring benefits to your business. It may be the most overlooked, but encouraging your customers to complain about is actually a good way to build your brand! Knowing how to handle customer complaints is also a part of your business innovation process.

Well, it sounds counter-intuitive, but the best brands recognise they not only want but need their customers to complain. It’s the primary means of finding out how to make your services or products better. Moreover, that’s what will strengthen your brand equity in the marketplace and ultimately grow your business.

There are a number of ways your business can leverage from customer complaints. Make it as easy as possible for your customers to complain by making sure that all possible complaint platforms such as letter, via the website, etc are available. Think about all the possible ways your customers might want to complain about.

Secondly, place an online complaint or ‘contact’ form on your website, and make it easy for customers to find it in your navigation structure. If they have to search for how to complain, you’ve just created yet another complaint!

Then, designate someone to track incoming complaints and watch for trends. This is how you know what needs to change to take better care of your customers and avoid damaging your brand.

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How to Pick the Right Team for Your Startup

How to Pick the Right Team for Your Startup

Starting a small business can be one of the most challenging and most exciting stages to your life. The common requirements needed to start a business include capital, know-how, your targeted market, and equipment to use. But one factor that is often overlooked yet very important is the employee recruitment process.

Every business owner will need someone or a number of individuals to help him or her run the business. Hence, the entrepreneur needs to learn recruitment strategies to help you locate talented, skilled employees who go on to your success once the hiring process is done.

When hiring employees for your startup, you need to be organised. To do that, you need to plan. Review your open position to update areas of responsibility and desired background qualifications.

Secondly, give your candidates a clear picture of what your company is all about – tell them about your products, services, mission, vision, and goals. You need to include the skill sets you need for the position or positions you are hiring. Also, explain to them the opportunities they can get from you for becoming part of your team.

Once you have done all these, the next step is to review your candidates’ resumes. Then, identify a small pool of interviewees who range from slightly under-qualified applicants to more highly experienced professionals.

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