Is your business hot or not?

“Reality leaves a lot to the imagination” –  John Lennon.

As John Lennon puts it succinctly, reality will often leave you wanting. Now imagine what your future will be like if you can start changing your reality today — starting with a  healthy dose of reality check.

We want to help you kick-start your transformation process – all it needs is just 10 minutes of your time. We’ve prepared 10 simple questions for you to answer, identifying the 10 common pain points small and medium sized enterprises (SMEs) typically face.

It’s that simple. 10 minutes, 10 questions, 10 common pain points.

The test result will help you identify your pain points and provide tips on what you can do to help your business. On top of that, you can sign up for free guides and tools to help you improve the areas you’re having difficulties with, from finance to sales and marketing.

Here are the common pain points we’ve identified:

Pain Points Description
Debtors Keeping on top of debtors is essential. MYOB can assist in setting up payment terms and making sure debtors know about them. Businesses can measure themselves with the debt collecting efficiency calculator, and download email and debt collection templates.
Time management Many small business owners are time poor, working 24/7. MYOB can help with a time management guide so everything else will fall into place with a lot more ease.
Budgeting Through assisting with simple planning and the right tools, MYOB can assist to ensure financial surprises are avoidable and business is more profitable and life a lot easier.
Getting a grip on GST For new and growing businesses, GST can be confusing and planning is important to make it as stress-free as possible. MYOB can help with setting up and filing of GST as well as EOFY.
Cash flow Cash flow forecasts are the Swiss Army knife of the business tools. What’s the difference between cash flow and profit? What are the three main profit pitfalls that impact cash flow and how do you avoid them? MYOB provides the tools for businesses to stay on top of cash flow.
Technology There are many competitive advantages with using technology in business. The portal provides all the information business owners need to make decisions about the technology that is right for them.
Job costing It’s difficult to put a figure on how much your time and expertise is worth. Businesses can work out their ROI and make service pricing easy with tools and tips from MYOB.
Stock management With the help of a calculator guide and stock management tips, MYOB can help businesses manage their stock efficiently and improve cash flow in the process.
Marketing For small businesses, it’s important to maximise advertising returns. MYOB can provide support in terms of understanding exactly what is working and what isn’t.
Managing and employing Being an employer can seem daunting at first, but there are some simple things managers can do to make sure they get the right people for their teams, and retain them.

 

So, are you looking at your business with rose tinted glasses? Get a business reality check today.