The Lateral Group

15/11/2015

In order for you to be successful with your business, you need to be successful personally, and that also means financially. Read more here: http://bit.ly/1venwG5

13/11/2015

In recent months there have been several high profile attacks on various companies overseas. However this is not just an issue affecting companies overseas. In the past few weeks customers of David Jones and Kmart were left exposed after hackers stole private email addresses, home addresses and phone numbers.

The cyber intelligence agency, the Australian Signals Directorate, said attacks on business and government increased by 20% last year to over 11,000.

10/11/2015

Banks usually conduct an annual review to see if they want to keep doing business with you. Sometimes they also review your performance on a quarterly basis against covenant hurdles you are expected to meet. So when was the last time you reviewed your relationship with your bank?

In reality, banks review your performance every day via your overdraft facility.

06/11/2015

Moving into a commercial space can be exciting and rewarding. However, commercial leases can be confusing, particularly when your lease is a Retail Lease. Here is the “Legally Yours” guide to help you understand the key factors that may affect you and your business when you sign a retail lease. Read more here: http://bit.ly/1RnOtDI

Your guide to understanding key factors affecting you and your business.

04/11/2015

Happy Wednesday! Here is our joke of the month.

02/11/2015

Newly minted: 43,500 people became millionaires in Australia in 2014.

Strong equity and property investment markets helped to create 43,500 new Australian millionaires in 2014, according to the latest report about Australia’s high net worth individuals by analysts at Investments Trends. Read more here: http://bit.ly/1JGweG3

28/10/2015

It's tempting to turn your spare room into a stream of extra income, and it's pretty easy to do with tools like AirBnB.
But don’t jump into this venture lightly because there are serious issues to consider. You don’t want to come unstuck and lose out in the long run.
It’s not just the risk of unknowingly letting your home to a group of party hard revellers. You also need to check whether you are even permitted to let your room or entire home on Airbnb. Doing so may constitute a breach of your rental agreement, strata building rules, or even local government regulations.

If you’ve ever been tempted by the extra cash, here are some issues to consider…

22/10/2015

On the Internet, you can find information about — and images of — almost anything. However, when it comes to your children’s online activities, you need to make sure they’re protected against contact with undesirable people, inappropriate or harmful content and malicious software or attacks. Read more here: http://bit.ly/1gPMQ4W

There’s a wide range of dangers that can affect kids online.

20/10/2015

Today’s smartphones are capable of doing so much more than the mobile phones of a few years ago — but this greatly extended range of capabilities has also seen the introduction of some new security risks.
Because we’re using our phones for a much wider range of activities — from social networking to online shopping, banking and surfing the web — we all need to take sensible precautions to ensure our phones and our information are safe from malware attacks and cybercriminals. Read more here: http://bit.ly/1jd5e9u

15/10/2015

The franchising sector has been in the headlines lately, but for all the wrong reasons. An interesting read exploring if franchising is worth the risk.

The reasons people go into a franchise vary of course, but it seems one big motivator is that, unlike other start-up businesses, they are starting out with an already established brand and sales systems in place.

12/10/2015

There are many cartoons and entertaining articles out there. So here is our pick of the month!

09/10/2015

It might surprise you to know that an agreement DOES NOT have to be in written form to be legally binding – although, it may be harder to prove what has been agreed to in a verbal contract.

Ordinary day-to-day or business discussions or transactions may, in fact, constitute a legally binding agreement. Examples of these are verbal conversations, email exchanges, orders to purchase goods or services or written correspondence.

NOT all verbal agreements will constitute a contract and be binding. Only those with the following characteristics will be legally binding.