Scaling up – key systems every growing Aussie business needs

In this Australian Business Podcast episode, Jordan Kidis and Danil Goloubev discuss the importance of having strong systems to help you when you are scaling. This ranges from Financial Systems to your Customer Services Systems and how these impact your business moving forward and your team.

Topics covered today:

– Why systems matter

– 5 key system areas

– What are the common system gaps

Chapters (approximate)

(00:00) Introduction

(03:15) How to do a Business Health Check

(04:17) Do the Same Systems Scale?

(06:31) Why Do Systems Matter For Scaling?

(07:00) Tax Deadlines & Compliance Updates

(07:35) Instant Asset Write-off

(07:38) Link Between Systems and Increase of Value

(09:41) Profits and Fees

(11:30) What is a BAS and PAYG?

(11:33) 1. Financial Systems

(13:19) Superannuation

(15:29) Payment Plans

(16:37) 2. Operational Systems

(17:23) Review Your Cash Flow

(17:59) 3. Workflow Management Systems

(19:12) 4. CRM Systems

(20:44) 5. HR Systems

(26:03) 3 Tips for a Strong Financial Year

Resources mentioned in this episode:

Free community: https://community.inflection.au/c/say-hello/

Join our Q&A in March: https://community.inflection.au/c/say-hello/

Book in your Meeting: https://calendly.com/gsadvisory/30min

Ask a question (select the Business podcast): https://bit.ly/R-quest

Rask Resources

Inflection community: https://community.rask.com.au

All services: https://bit.ly/R-services

Financial Planning: https://bit.ly/R-plan

Invest with us: https://bit.ly/R-invest

Access Show Notes: https://bit.ly/R-notes

Ask a question: https://bit.ly/R-quest

DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner.

Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg

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