Real strategies from those who've built something from scratch. We share what actually works when managing money for growing businesses across Australia.
Three months in, most entrepreneurs realise they didn't account for how lumpy income can be. Here's what I learned after my first year when invoices took forever to clear and suppliers wanted payment yesterday.
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I thought I could handle GST returns myself. Turns out, mixing business and personal expenses creates headaches that compound fast. And the ATO doesn't send friendly reminders.
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Spreadsheets work fine when it's just you. But once you hire someone or need proper reporting, those systems break down fast. Here's when I knew it was time to change.
Continue readingNot theory. Just practical steps that help you avoid common problems most new businesses face.
I know it seems obvious, but mixing personal and business funds creates massive problems come tax time. Open a dedicated business account before your first sale. Future you will be grateful when reconciliation doesn't require detective work.
That coffee meeting? Business expense. Parking at a client site? Deductible. Those small amounts add up quickly over a year, but only if you're actually recording them. Use an app if receipts pile up—just find a system that works for your workflow.
Three months of operating expenses saved up gives you breathing room when things get tight. And they will get tight at some point. This buffer lets you make better decisions instead of desperate ones.
You don't need fancy dashboards. Just look at what came in, what went out, and what's left. Do this every month without fail. Patterns emerge that quarterly reviews miss entirely.
Know exactly how much revenue you need to cover all fixed costs. This number should be burned into your brain because it tells you when you're actually making money versus just staying afloat.
Revenue won't be consistent, especially early on. Base your personal drawings on your lowest expected month, not your best one. The surplus from good months builds that emergency buffer we talked about.
Running a business means juggling finances alongside everything else. These are the practical resources Australian entrepreneurs find genuinely useful when building financial foundations.
We update this list regularly based on what our community finds helpful. Because financial management shouldn't require a degree—just clear information and practical tools.
Our entrepreneurship finance program starts in September 2026. Learn the practical skills that help Australian business owners manage money with confidence.
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