If you’re a sole trader or small business owner, you know how important it is to protect your work and your customers. Even when you take care, accidents can still happen. Without insurance, you could face large legal or compensation costs that might seriously affect your business.

Hacks, viruses, ransomware, or even clicking on the wrong link could bring a small business to its knees. During the 2021-22 financial year, the Australian Cyber Security Centre received 76,000 cybercrime reports—or one every 7 minutes.1 And these incidents aren’t cheap. The average cost per cybercrime was over $39,000 for small businesses.1

Business insurance is one of those things that may seem like a necessary but often time-consuming thing. However, after insurance has been purchased, it’s easy to forget about it.

“The only strategy that is guaranteed to fail is not taking risks.” – Mark Zuckerberg

No matter what others tell you, starting out as a small business owner may not be cheap or simple. There can be many hidden business costs associated with starting and running a small business, and these rising costs have a tendency to easily sneak up on new business owners. If you’re not careful, they can make a meal of your bottom-line.

Running your own small business and are unsure about how you can expand? Successful entrepreneurs have many ideas on leveraging their business and vision of their biggest goals. Here are a number of tips you might implement into your goals to help grow your business to the next level. You may be able to understand how to expand your business in ways you have not before.

Cybercriminals are following the money.

It can feel like a never-ending quest to figure out how to price your products or services. However, if you’re running a small business, you are in an excellent position to be flexible. There is no one-size-fits-all pricing strategy that should be employed, and there is no requirement to stick to the same strategy every time. Here’s our guide to choosing the right pricing strategy for your business.

After 12 years in the wedding industry as a wedding photographer and hair and makeup artist, Lily Webb suddenly needed to pivot her career because of the pandemic.