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How can I raise capital for my music business?

One of the things I’ve heard many times through working with musicians and music industry business is an optimism about the business side of their work. How many times has an act walked through my doors with the attitude: “Our music is great, everyone loves it, we’ll be rich and famous.”

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Is my startup burning through cash too quickly?

There has been a lot of chatter over the last few years about how much cash startups are burning through on a monthly basis. And for good reason, as 24% of all startups fail from running out of cash.  Cash can come and go in a flash, even if it seems impossible to burn through all the venture capital you’ve received.  So how can startups manage their burn rate and avoid going bust so early on in their existence?

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Why your staff keep walking out on you

Managers and business owners with high staff turnover are quick to blame a bunch of things - the economy, millennials, the industry, the youth of today, social media, the weather - all before taking stock and realising that the blame may actually lay with them. It's an uncomfortable truth we're all likely to need facing at some stage in our business life and it's best tackled head on rather than living in denial.

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Is equity crowdfunding right for your business?

For company owners looking to raise funds, crowd sourced equity funding (aka equity crowdfunding) can sound attractive.

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What you need to know before setting up a SMSF

A self-managed superannuation fund (also known as a SMSF) can be a great way to take control of the dollars you're saving for retirement by putting you in the driver's seat when it comes to all decisions - investments, insurances, management - in relation to your fund. For some this can be brilliant, for others it can be ... less than ideal.

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The most common mistakes businesses make on their tax returns

Whilst the actual preparation of a business tax return is almost always handled by the trusty accountant, that doesn't stop people from making big mistakes when it comes time to doing the tax return for their business. With that in mind, we'll go over our top four mistakes commonly made by businesses at tax time and we'll be focussing here on companies, but much of this will also apply to those of you trading a partnerships, sole traders or trusts.

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Have you Googled yourself lately?

If a tree falls in the forest but you can’t find anything about it via Google, did it really happen?

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What are buyers of creative agencies looking for?

If there is one topic that sparks interest in owners of creative agencies it's how to get out of said agency. Some will want to talk about management buyouts because they have some gun managers with financial backing, but most of the time the exit plan revolves around finding a suitable buyer, getting cashed out and running for an island. Sounds great, right?

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Can I claim a tax deduction for my work travel costs?

Many of us need to do some sort of travel for work or business and it's not always reimbursed by our employer or client, so what of these costs can we claim at tax time and which ones aren't allowed? We'll largely be talking about employees here, but many of the same principles apply to those in business.

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Can I claim a tax deduction for private health insurance or medical costs?

One item of household expenditure we'd all rather do away with is paying for private health insurance and medical costs, but we figure if we're paying for it we may as well get a tax benefit, right? Unfortunately, this isn't always the case. Let me explain.

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