Read up on our latest news and guides for Small-Medium Enterprise in the Australian market and Internationally.

The pros and cons of Voluntary Administration

Posted by Azure Group on January 11, 2015 under SME

Voluntary administration is an insolvency procedure where the directors of a financially troubled company appoints a ‘voluntary administrator’ who investigates the company’s current state of affairs and advises whether it should go into liquidation or be returned to the directors.

The Financial System Inquiry: How does it affect you?

Posted by Azure Group on December 09, 2014 under SME

In December 2013, the Treasurer, the Hon. Joe Hockey MP, appointed a committee, independent of the government, to examine how the Australian financial system could be positioned to best meet our evolving needs and support Australia’s economic growth.

The Seven Ingredients to Financial Success

Posted by on June 28, 2013 under SME

In today’s economic climate it is fair to say that running a business has never been so challenging. Despite being the unsung heroes of the Australian economy, SMEs are challenged by economic uncertainty, a continuing technological revolution, increased global competition and political chaos on our …

The Enterprise Connect Grant – what you need to know.

Posted by on March 25, 2013 under SME

There are a number of Australian government grants available to growing SME’s.  Enterprise Connect offers some grant opportunities that are worth considering. Enterprise Connect is an Australian Government program that provides support to eligible Australian small and medium sized businesses. They a…

Total Accounting Solution for SME's wanting to focus on the growth of their business

Posted by on March 18, 2013 under SME

It’s no secret that Azure Group is an accounting firm that offers a range of sophisticated services that goes beyond tax compliance. We pride ourselves in providing our clients with a holistic solution that ensures no area of the business is left unaddressed. One of our most popular services for bus…

Upcoming Seminar: The Seven Ingredients to Financial Success

Posted by on February 25, 2013 under SME

Our Managing Director, Michael Derin, has been invited by the NSW Business Chamber to present the Seven Ingredients to Financial Success breakfast series. Every business has a different story; the common thread is that they are all looking to reach a higher level of success. Too many businesses f…

Creative rewards inspire loyal employees

Posted by on August 15, 2012 under SME

By Kelly Morgan Recognising a job well done is a fantastic way to perk up employee performance. It can be a powerful motivator and it doesn’t have to cost a lot of money. It just takes some creativity and a willingness to say “thank you”. When you are developing your rewards system to motivate a…

Nurture some fresh thinking

Posted by on April 05, 2012 under SME

Having a great team is an undeniable asset, says Michael Derin, but are you making the most of their great ideas? As seen in Smarter Business Ideas By Michael Derin  There’s no doubt it takes get up and go to run your own business. Problems must be overcome, issues must be resolved. But did you …

Getting more clients with public speaking

Posted by on March 12, 2012 under SME

At the suggestion of speaking in public, most small business owners would choke on their cornflakes.  But the good news is there is an ever-growing segment of the Australian marketplace that are discovering just how effective speaking can be for attracting new clients and making more sales. I k…

Goal setting to get ahead

Posted by on February 14, 2012 under SME

Nearly all high achievers and successful leaders have one thing in common, they all use goal-setting to help them get ahead. Azure Group’s Michael Derin talks to mentor and business coach Robert Knapp about the power of goal-setting. Robert why it is impotent to set goals? Most people wouldn’…

Reviewing your business for the New Year

Posted by on January 12, 2012 under SME

By Michael Derin January is an ideal time to take a step back, evaluate the business and look for ways to make improvements. Doing a strategic review will help you to better position your business to cope with the continuing market uncertainty 2012 is likely to bring. It can be easy to get car…

Unlock your working capital & use it to grow your business

Posted by on November 10, 2011 under SME

By Michael Derin­­­­­­­­­­­­­­ While it seems most small businesses are struggling, there are some which are flourishing. The secret to getting ahead in today’s tough market is being able to unlock your business’ working capital and leverage it to create stronger cash flow, more growth and bigger p…

Azure Group survey shows half of SMEs are dissatisfied with their profits

Posted by on October 12, 2011 under SME

Results of our recent survey by leading accounting on how Australian small and medium sized enterprises are managing their finances show despite moderate growth from the previous financial year, 50 per cent are disappointed with the profitability of their business. Azure Group managing director…

2011 ABB Survey findings on SME financial management

Posted by on September 08, 2011 under SME

2011 ABB Survey findings on SME financial management

Developing your people pays off

Posted by on May 09, 2011 under SME

I was perusing my company’s (Azure_Group) Twitter feed the other day and I came across a thought provoking Tweet: A CFO asks CEO, “What happens if we invest in developing our people and they leave us?” CEO says, “What if we don’t and they stay?” If you look …

Beware the Ides of March! A time to think about loyalty and leadership

Posted by on March 15, 2011 under SME

By Michael Derin The 15th of March is the ‘Ides of March’, best known for being the date Julius Caesar was assassinated by a band of fellow senators as they feared his ambition would bring down the senate.  Many of these senators were people he trusted. This auspicious date brings with it a strong…

Is your business suffering from a financial disconnect?

Posted by on March 14, 2011 under SME

By Michael Derin Have you ever wondered why it takes so long to have your tax return completed each year? Do you confidently know how your business is performing and what its financial position is? Do you suffer from not having accurate and financial information on hand to make important business d…

ATO benchmarking for cash

Posted by on January 20, 2011 under SME

The cash economy has been a major focus of the ATO for years and has now been benchmarked to identify and deter activities in the cash economy.

Optimising working capital can mean the difference between failure and success

Posted by on January 14, 2011 under SME

By Michael Derin As seen on Dynamic Business 2011 has begun with the same uncertainty we saw in the last quarter of 2010. Market reports on business performance continue to contradict each other, the economy persists to operate at two distinct speeds and consumer spending remains tepid. Now is th…

How 2011 is looking for small businesses

Posted by on December 15, 2010 under SME

By Michael Derin As seen on Dynamic Business Reading the December/January issue of Dynamic Business I couldn’t help being drawn to the article on the New Year resolutions of the featured businesses. It made me reflect on the clients Azure Group has enjoyed working with in 2010, both for their cha…

Breaking the micromanaging cycle

Posted by on November 30, 2010 under SME

By Michael Derin As seen on Dynamic Business As an accountant and a virtual CFO, I work with a lot of small business owners and one of the most common mistakes they are often guilty of is micromanaging their team and working ‘in’ the business rather than ‘on’ the business.   These owners tend …

How to avoid getting squeezed by interest rate rises and reduced lending

Posted by on November 16, 2010 under SME

By Michael Derin As seen on Dynamic Business When it comes to interest rates, small businesses have had a rough time lately. They’ve had to cope with tough lending conditions from the big banks and now another interest rate rise.   When interest rates rise, small business gets squeezed at both…

How SME exporters can soften the blow of a higher Australian dollar

Posted by on November 05, 2010 under SME

By Michael Derin As seen on Dynamic Business There has been much talk and speculation recently with the Australian dollar hitting parity twice with the US dollar in the last month alone (the last time parity occurred was in July 1982).   The US is Australia’s second largest recipient of export…

What debt recovery costs your small business

Posted by on October 22, 2010 under SME

By Michael Derin As seen on Dynamic Business I have been asked by a Dynamic Business reader (thanks to @djcoombes74) to discuss the costs associated with debt recovery. The collection of debt is an important topic for businesses and an area that is often poorly managed.   Slow paying customers…

Hold on to your profits; we could be in for a rough ride

Posted by on September 22, 2010 under SME

As seen on Dynamic Business By Michael Derin As someone who works with small and medium sized businesses I frequently get asked, “How are SMEs faring?” At the moment my answer would be they are operating amid a great deal of uncertainty. However, despite this many small businesses are focused on g…

Engaging your team pays off

Posted by on September 13, 2010 under SME

By Michael Derin As seen on Dynamic Business As a virtual CFO I’ve seen quite a few businesses undervalue the importance their team plays in having input in the strategic growth and direction of a business.  Employees strive for more than just a pay check at the end of the month. Businesses that …

Why accurate figures matter

Posted by on August 24, 2010 under SME

By Michael Derin As seen on Dynamic Business It’s been a busy few weeks in the Azure Group offices.  Unusual for most accountants, but for us, it’s a time when our tax team and accounts teams combine to work on reconciling our client’s accounts, record year-end tax journals as well as collecting a…

Financial management #FAIL

Posted by on August 03, 2010 under SME

By Michael Derin As seen on Dynamic Business The other day I was asked why some small businesses fail and others succeed and it got me thinking about the defining characteristics of Australian small businesses. In my role as accountant, CFO and business advisor, I come across many small businesse…

Will a change of government be good for small businesses?

Posted by on July 21, 2010 under SME

As seen on Dynamic Business By Michael Derin Attending the COSBOA National Small Business Summit earlier this month, I had the opportunity to hear both major political parties address small business owners and supporters. The opposition leader Tony Abbott used his trademark ‘personality’ to get t…

National Small Business Summit presentation

Posted by on July 14, 2010 under SME

Audio of Michael Derin's presentation on micro businesses for the National Small Business Summit

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