Journey2 Business & Personal Wealth in Wollongong, New South Wales | Financial service

Journey2 Business & Personal Wealth

Locality: Wollongong, New South Wales

Phone: +61 2 4228 4877

Address: Level 1, 63 Market Street 2500 Wollongong, NSW, Australia

Website: http://www.journey2.com.au

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• Financial consultant

24.01.2022 On Friday we had the honour of receiving the 'Community Champion' award for sustainable seafood week 2021. It is an amazing feeling to gain national recognitio...n for our efforts on sustainable seafood we are involved with at Harley and Johns Seafood. The @unitednations sustainable development goal number 14 is 'life below water'. Conserve and sustainably use the oceans, sea and marine resources for sustainable development. See more

22.01.2022 Below is a framework to help business owners to see their situation through a different lens and move upward. 1. MELTDOWN. If you need to have a meltdown, do it.... Negative emotions will never go away, only fester. Don’t be ashamed to have a cry and a bit of a panic. 2. ESTABLISH A BETTER VISION OF THE FUTURE. You and your clients have possibly got quite a negative vision of what’s to come. Armageddon, recession, etc. This needs to change. Start to vision the other side. 3. SCENARIO PLANNING. Produce a cash flow forecast for the next 3 months. Imagine the worst scenario in terms of sales, then plan for it. Maybe you get no revenue for the next three months? The reality will be much better, but plan for it anyway. This will be a dip. It won’t last forever. 4. CUT BACK. Cut on any costs that are maybe excessive. You need to be careful with this bit. Don’t strip back operations completely, only those that seem excessive. I don’t mean staff here AT ALL if it can be helped. 5. GALVANISE YOUR TEAM. Communicate your better vision of the future. They are on this mission with you. They have probably had the same panics that you’ve had. Explain that you’re going to get through this together. The reason we’re cutting back (in the step above) is to preserve your team. 6. BUILD BACK INTO THE FOUNDATIONS. This is where we look at things you may have been neglecting. Systems, processes, getting your pricing right, marketing. Whatever it is you need to do, build back into these key systems. Some of the peripheral things (maybe small jobs on your to-do list), they aren’t important in times like now. Work on the fundamentals. 7. SET UP AS A LEADER. This is your time. If your team are working from home, get them fired up, have daily calls, keep everyone positive. 8. EXPLORE OPPORTUNITIES. What opportunities do you have now to give value to your clients or customers? For your clients, this could be digitisation of your product. It could be new products, new markets. 9. MARKETING. Don’t be aggressive with selling. Start to build relationships. Be there for your community and the clients or customers that you serve. Invest in long term nurturing processes. The Journey2 team is ready and available to help you navigate your way past COVID-19. Call 4228 4877 today!

22.01.2022 Grant is working to ensure we have fish forever

17.01.2022 The team at Journey2 are ready to assist you. Call 4228 4877 https://journey2.com.au/

16.01.2022 NSW Dine & Discover

15.01.2022 If you need assistance please do not hesitate to call 4228 4877 https://journey2.com.au/

11.01.2022 And the winner is.........Nadine C Please contact us to organise delivery of your prize!

04.01.2022 When Covid-19 burst on the scene in early 2020, businesses faced dramatic shifts and the importance of strategic agility became critical. To survive, leaders we...re encouraged to pivot into new markets by developing new business models. As history has proved, during unprecedented times, it is necessary to prepare for what is next. Visionary leaders like Abraham Lincoln, FDR, Winston Churchill, and Nelson Mandela did not simply react to threats they looked beyond the horizon. They were guided and their people in turn motivated by their vision for a better future. McKinsey research demonstrates companies who pursued big strategic moves persistently through every phase of the economic cycle, increased their odds of outperforming their peers. This is especially urgent during a global crisis. Trend lines have changed, global supply chains are fractured, many of B2B customers have closed, and millions of consumers unemployed. When the pandemic comes to an end the business environment that we operate in will be very different from what it was prior to the crisis. Businesses need to begin preparing for this now. It may be hard to see, however the seeds of the next great growth industries are beginning to take root. Spend time envisioning your future Given the urgent present demands, leaders can be tempted to delegate responsibility of strategic thinking to others. However, it is critical that people who sign off on decisions dedicate time on a weekly basis to explore and envisage where they want their organisation to be when the crisis passes. Interrogate what is likely to change about your customers, markets, and operating environment, and what is not. Focus on what your customers will require, how you will meet their new and evolving demands, along with the resonance of your products and services, and your overall capabilities. Lay out a path from your long-term vision to the mid-term, and from there to tomorrow. Reverse-engineer a series of benchmarks and milestones at regular intervals. This process allows you to drive your business forward and not be overly constrained by the current climate. Take time to listen, and then pivot if necessary It is crucial now more than ever to listen to customers, measure and track your progress, conserve resources, and enhance your ability to change direction, if required. When working toward goals, you must be attentive to feedback, abandon ideas if failed after tested. Remain agile and learn quickly. Continue to envision future actions. Rally the troops and replenish your mind and body The cohesion of your team is critical. Changing environments require your team to adjust and make sacrifices so they need to believe in a better future. Do not underestimate the importance of finding time for simple daily routines that preserve your mental and physical stamina. Fatigue may cloud your judgment and interfere with your ability to process information and remain level-headed. Identify moments when you’ll especially require an energy boost. If you know you have a stressful task ahead, take a walk beforehand. Exercise is a tested way to restore energy, therefore plan workouts into your schedule. Sleep needs to be a priority rather than an afterthought. Try switching off from screens 30 minutes before bed to help you unwind. Encourage your employees to embrace these habits too. Once a crisis ends, everyone is likely to remember how you as the business owner acted during the pandemic. This is the toughest leadership test, but by spending 10-20% of your week focused on your strategy and vision, it will ensure you emerge stronger and more resilient. Imagine gaining peace of mind to seamlessly access these answers and navigate other business challenges as they arise, simply by connecting with empathetic, knowledgeable industry peer leaders and entrepreneurs? We encourage you to leverage your support team at Journey2 and capitalise on our give-and-take dynamic amongst people who have walked the path before. Start a conversation ............

03.01.2022 Single Touch Payroll The introduction of Single Touch Payroll (STP) has given government agencies the ability to share data in real-time with other government agencies to help them deliver government services to the Australian community. As part of the data-matching program, there is a STP data-sharing arrangement with Services Australia to help them administer Australia's welfare system. This means that people who are on an income support payment from Services Australia and ...need to report their employment income fortnightly to Centrelink will now see their employer details are pre-filled. If you have any queries about Single Touch Payroll and how it effects your business and staff give the team at Journey2 a call now!

03.01.2022 12 STEPS TO SETTING UP AN EFFECTIVE MANAGEMENT INFORMATION SYSTEM FOR YOUR BUSINESS 1. Set aside the necessary time required to do the regular reporting MONTHLY or QUARTERLY. Make it a priority! 2. At the very latest get the regular reports completed by the 10th of the following month so the information they provide are timely and not out of date. Focus on current issues and future plans. Examine and fix any weaknesses or anomalies... 3. Understand your key business drivers and the resulting impact on the numbers. If necessary, get us, as your accountant and business advisor, to walk you through all the numbers and what they actually mean. 4. Ensure you have the best systems and processes in place, including the latest cloud based financial tech software, systems, plug-ins and updates. 5. Develop benchmarks to empower everyone in the organisation. 6. Seek expert advice. A strong relationship with us, as your accountant and business advisor, can help ensure better financial reporting and earlier awareness of opportunities and threats. 7. Utilise cloud storage. This will allow people to easily share and access documents as well as work on them concurrently from different locations. This minimises the risk of data loss and inaccuracies occurring because of different versions of documents. 8. Enable appropriate collaboration between all areas and/or departments who contribute financial data, and have security protocols in place to ensure data is always secure. 9. Ensure you have a centralised end point for all data in the reporting chain. 10. Ensure financial records and reporting is owned by someone with full accountability, who is responsible for checking the data and signing off on its accuracy. 11. Utilise big data analytics, which can contribute to more insightful reports by analysing reports and highlight patterns and causes an employee may have missed. 12. Develop benchmarks. This enables everyone in the business to understand what constitutes a strong performance, making it easier to identify under performers and opportunities for improvement. Above all, a management information system that delivers accurate financial reporting is key to understand your business’ true position and making informed decisions. On the flipside, the dangers of inaccurate financial reporting are extensive so it pays to do the right thing.