SMSFs and property

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Investing in real estate through Self Managed Super Funds or SMSF is popular in Australia. Why? That’s because many are attracted to this sort of investment because of the potential tax benefits and the draw of having a tangible asset to boost your retirement savings.

However, the challenge for potential investor like you is to ensure the success of your SMSF property investing.

First of all, you should know the rules and the cost of the investment. Strict rules, restrictions and limitations apply to self-managed super funds and buying property using your superannuation. There are certain rules in such investment and it is your job to ensure to familiarise the rules as imposed on trustees by the Australian Taxation Office or ATO.

Setting up and managing your SMSF will incur costs both in time and money. You need to determine your financial capacities, willingness to commit, and future financial plans; also, make sure that you are capable of making sufficient contributions to fund your SMSF because individual needs, goals and requirements vary the costs involved will differ.

SMSF is truly a great way to invest in property. However, knowing whether or not the investment is right for you is difficult, not to mention the challenge of using the right property. Thus, it is advisable to hire a professional to give you some helpful advice.

Read this to learn more on property investing through SMSF: https://www.moneysmart.gov.au/superannuation-and-retirement/self-managed-super-fund-smsf/smsfs-and-property

Twitter for Business: Everything You Need to Know

With social networking sites getting popular nowadays, social media is also becoming indispensable tools in online marketing. It can actually make online marketing easier and more convenient because of its viral nature. However, you may need to learn a few tips to make it an effective marketing tool.

When talking about the best social media marketing platforms, Twitter should be on top of the list. With the nature of Twitter, where people can follow you and get updates from you at an instant, you can use this to publish updates or ‘tweets’ about your products, services, or latest promotions. In fact, you can use Twitter to open up a poll from your followers that will serve as your feedback system. This will help you reach out to your target market and in return, make their feedback and their opinion reach you fast and easy.

Using Twitter for business is not difficult. You can simply post tweets communicate to your target market as one tweet can be sent to a lot of people in your network. This will cut your efforts in getting into them one by one. With the power of Twitter, you can promote your business with just one click and allows you to have feedback right away as well.

For more on Twitter marketing, read this article: http://www.businessnewsdaily.com/7488-twitter-for-business.html

10 super-practical things to do if you’re feeling a bit hopeless about your business

You did not expect this to happen to your business. You are not happy about it. In fact, you are feeling pretty low about how things are happening. It may feel like you have no control. You may feel like you want to do something but you just don’t know what to do.

As an entrepreneur, hopelessness can be overwhelming and make you feel stuck. Well, you do not have to exist in this space of hopelessness and despair. There are a number of things you can do in order for you to create home when things feel hopeless in your business.

Instead of wasting time trying to act as if things don’t feel hopeless, go on and acknowledge that it is what business is all about. Just like in life, entrepreneurship is full of good and the not so good. Allowing yourself to admit that things really feel hopeless in that moment can sometimes be exactly what you need in order to regroup. Give yourself the space to feel what you are feeling. Those emotions contain important information about this moment.

Kick start your attitude of gratitude to shift your focus from all that is not to all that is. Often times when things turn wrong in your business, they only seem that way because you get caught up in all that has gone wrong. Instead of being focused on what is wrong, choose to look at what is going right.

Continue reading at: http://www.flyingsolo.com.au/live-smarter/practical-things-running-your-own-business

Bank Loans Aren’t the Best Way to Spark Startups

Getting a bank loan is one of the most popular ways to finance a business. However, before getting a bank loan, you need careful planning. If you have family, then as much as possible you need to consult them, so that they will know and even help you with your plan. Advice is needed and being arrogant or stubborn gives nothing but failure.

One of the crucial factors that makes venture money effective: hands-on guidance by investors.

Once you have finished planning for a loan, you need to choose what types or kind of loan you want to apply. If you plan to have a loan to start a new business, then you need to know what type of business you want to have. Also, you need to write the probable cause or advantage and disadvantage so at least you have some idea on the business you want to have.

Borrowing to start a business is not as easy as what you think since you have to cope up with the payment for the loan and at same time, you also need a profit for your business in order to pay the interest as well.

Today, loans for small business have been drying out a bit as the banks and financial institutions grow increasingly reluctant to lend out loans for small business. This is the reason why many people say that bank loans are not the best way to spark startups.

For more details, read this article from Wall Street Journal: http://www.wsj.com/articles/bank-loans-arent-the-best-way-to-spark-startups-1479697501

Entrepreneurship Stress Happens (But Here’s How To Reduce It)

Involving yourself on all aspects of your newly opened business is both the most exciting and tiring stage when you’re an entrepreneur. Of course, with too little time to accomplish everything, there are plenty of things that need to be done. Hence, a good entrepreneur knows how to solve things, when to work, and when to take a time out.

Photo: © armada1985, YFS Magazine

Stress is natural when you run a business regardless of its size and nature. It may be one thing that most people take for granted, but breathing is important to relieve from stress. It is a natural thing to us but in entrepreneurship, we refer to breathing that is deliberate and unhurried. To do this right, place your hand on your abdomen, right under your belly button. Hold it for one or two seconds and breathe out slowly.

Letting go of the stress you got is one of the crucial tasks you need to do in order to survive the daunting world of entrepreneurship. Stress tends to manifest itself more in some parts of our body than in some other certain parts including your mind.

If you want to become a successful entrepreneur, you should never let stress ruin you. In order to overcome, or at least reduce entrepreneurship stress, check out this article posted by Savannah Flynn of FYS Magazine.

Read the article here: http://yfsmagazine.com/2016/08/10/entrepreneurship-stress-happens-but-heres-how-to-reduce-it

Definition — Cooperative Business Structure

When starting a new business, the first thing a business owner is supposed to decide is the type of business he wants. The important factors which can help a great deal in the decision-making process include your business type, capital needs, number of employees to be hired, pay distribution plan, liabilities, legal restrictions, and tax implications. In this article, we’ll be talking about cooperative.

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A cooperative is a business structure which is organised, owned and democratically managed by people who avail its products and services. Because of the relationship between the ownership and the users of the business, a cooperative is discrete in nature. A patron or user refers to a person who carries out business with the cooperative. The owner, apart from being the man-in-lead is also in one way or the other, a user of the cooperative.

Cooperatives, like investor-owned corporations, have elected boards of directors and appointed officers. Board members take vital decisions. The members exert their control through voting power that is attached to their membership.

Cooperatives are business enterprises that are owned and run by a group of individuals working for mutual benefit. It is an independent group of people who collectively own and democratically control an organisation that will meet the social, cultural and economic needs that are shared by all members.

Read this article to learn more about the cooperative business structure: https://www.smallbusiness.wa.gov.au/business-topics/planning-structures/business-structures/cooperative

The Uses of Video Production Companies in Perth

video production perth

Are you looking for a way to produce more sales or to improve your employees’ professional skills? If you are, then you should consider working with a good video and film production company.

Video production is an effective tool to tell the world about the product or service you are offering and generate a lot of sales. Moreover, you can also use this for your organisation’s external operations such as presentation of reports or as training videos for your staff development.

Video presentations can be shown to a certain group of individuals (whether small or large) and can be viewed by one person privately. But whatever your specific purpose is, it is always very important to produce a clear and well presented video.

Many are wondering about the process that adopted when creating a corporate video from scratch whilst some are keen to know how much the cost of this process is.

There are a number of factors that affect the cost of video production. But as long as you get a reputable company specialises in TV and online video commercials, or any specific field in video production, you will be pleased with the results.

If you use a high quality video and film production in Perth, it can be a great advantage to your business. However make sure that you hire the right production team to get the best results you expect.

 

What is cooperative business structure? Click here to find out.

Property investing is not a guarantee to making money

To acquire the best of everything in life, people from around the globe are defying the paradigms at work. All of these people are trying to secure their future by acquiring valuable properties. They are working hard on property investment with a wish of achieving everything making the most of life.

Perth Business News

Expect unexpected expenses when buying property such as a leaky roof

However, investing on real estate is not a guaranteed success especially that it is not a type of investment that is easy to understand. In fact, even the most experienced real estate investors do not able to guarantee success.

Therefore, after you have worked hard and acquired all the resources you need and are about to make an investment in real estate, it is time for you to stop and think about a few important things first. Before you spend your first cent for your investment, it is important to make sure that the investment you are planning to get into will bring positive fruits to you and will not turn futile.

If you are planning to get into the real estate business, you probably have heard about the many great advantages can give and potentially bring to you. Meanwhile, it is also essential that you should know its risks and downsides before you invest.

To give you more understanding about the risks of property investing, you should check out an excellent article posted at News.com.au. Read the full article here: http://www.news.com.au/finance/money/property-investing-is-not-a-guarantee-to-making-money/story-e6frfmdr-1227469791971