Do you have your Australian Federal Government Stimulus payment yet? If not, I’m sure it will be in your hot little hands really soon. Now… before you spend it I’d like you to have a think about this… You’ve got a nice some of cash that you don’t need to pay tax on. How do you get the most out of it? Idea —> Use it to STIMULATE your BUSINESS. Yes, you could use it to buy a new pair of shoes or to pay off your credit card, and I thought of doing the very same thing! But then I spoke to my business advisor and, ‘Duh’. There is an opportunity that I’d totally neglected.
You can give your Stimulus check to your business.
And, here’s why it makes good sense (and why I adore my business advisor!)…
- When you then spend the payment on legitimate business expenses (such as those we’ve suggested below) you can claim these expenses as tax deductions
- Your improved skills and knowledge will help you make a better return on investment, potentially multiplying the value of what you have received
Here are some useful ways to use your Stimulus cheque to grow your business:
- Register for a training program that will improve your business skills
- Get a mentor and get sound advice from an experienced business owner
- Access resources that make business easier and more rewarding
- Join a business network
I’ve decided to use my payment to pay for a Podcasting seminar — because that’s an area of education that will help me in my business. At the Australian Businesswomen’s Network we are big supporters of education as a vehicle to creating strong, sustainable businesses. And, I have no problem suggesting that perhaps a good investment for YOUR stimulus is the ABN’s MentorNet Mentoring program. I’ve seen more than 200 people go through this program and get a HUGE return on their investment of time and money. MentorNet is a six-month small business training program that teams you up with a Mentor while you:
- Develop a business plan
- Discover your Strengths, Weaknesses, Opportunities and Threats
- Create a customer profile so that you can target your messages
- Design a marketing plan using innovative marketing vehicles
- Explore finances and budgets so that you know where you stand financially
- Learn how to induct and motivate staff to produce results
- Implement new media and technology to help grow your business
- Collaborate with other business owners and find new business opportunities
- Put in place ways to measure your business performance
You can learn more about the MentorNet program (and how you can save up to $750 when you register by 8 May here. Regardless if this program is right for you or not, I invite you to consider spending in a way that will grow your business and help create the future you’re looking for. Suzi
