ATP Accounting & Taxation Professionals

Financial Sins & Confessions 💸 Will be the topic of my presentation BNI Corporate Parramatta 🗓️Wednesday 27th November 2024 🕦11.30am-1.30pm 📍Club Parramatta, 2 Macquarie Street, Parramatta NSW 2150 Follow the link to register to join us for lunch and attend my presentation followed by business networking event with the awesome members and guests of: ATP Accounting & Taxation Professionals BNI Corporate Parramatta BNI Sydney North West & Penrith BNI Australia Parramatta Chamber of Commerce Canterbury Bankstown Chamber of Commerce Sydney Hills Business Chamber North Sydney Business Chamber Australian Arab Business Council Inc Rebecca Raad Frederick Marcoux Ivan Misner https://lnkd.in/gbWp4_Q9 #Accounting #Tax #Investment #Property #SMSF #Accountants #TaxAgents #Business #Networking #Event #BNI #BusinessNetworking

ATP Accounting & Taxation Professionals are honoured to be The Coffee Sponsor of the 315 Business Summit organised by The Hills Shire Council, Sydney Hills Business Chamber, The Hills District Business Women The 315 business summit will bring together world-class speakers, experts and 300+ business leaders in northwest Sydney, for a day that will inspire, educate and ignite opportunities. TOPICS + The Future Consumer + How to Stand Out Online + Expanding Business Growth + The Future of the Region WHO SHOULD ATTEND + Business owners + Business leaders + C-Suite executives + Entrepreneurs SPEAKERS Amanda Stevens – Australia’s #1 speaker on Consumer Trends Keith Abraham CSP – Global Thought Leader on Business Performance Mike Knapp – Creative Technologist & Ex-Google Product Manager Anaita Sarkar – Co-Founder of Hero Packaging & Digital Marketing Expert Hon. Alex Hawke MP – Federal Member for Mitchell Dr Sherman Chan – Business NSW Chief Economist David Borger – Executive Director of Business Western Sydney Michael Edgar – General Manager at The Hills Shire Council Geoffrey Brailey – Director of Solutions at McCrindle Research Alana Rafter – Senior Associate at Australian Business Lawyers & Advisors Tim Spencer – Head of Developments at Mulpha Australia Limited This event is not to be missed! Event Details: 🗓️ Wednesday, 23 October 2024 🕦 9am-7pm Speaking sessions, Lunch and Networking Drinks 📍Norwest EpiCentre, 13 Solent Cct, Norwest NSW 2153 Register and join us using the code FARID20 for a 20% discount on ticket prices https://www.315summit.com/

As a business owner, you’re always on the lookout for ways to grow and adapt in an ever-changing market. One strategy that many businesses consider is product diversification. Simply put, this means expanding your product line or offering new products that complement your existing ones. What is Product Diversification? Product diversification involves adding new products or services to your existing lineup. This could mean branching out into entirely new markets or creating variations of your current products. The goal is to attract new customers, increase market share, and reduce risk by not relying on a single product or market. When Product Diversification Works Apple: From Computers to Gadgets Why It Worked: Innovation: Apple introduced products that were not just new but revolutionary, meeting unfulfilled consumer needs. Brand Loyalty: Customers who loved Apple’s computers were likelier to buy its other products, creating a loyal customer base across multiple product lines. Coca-Cola: Expanding Beyond Soft Drinks Why It Worked: Market Insight: Coca-Cola recognised the shifting consumer preferences toward healthier options and diversified accordingly. Strong Distribution Network: The company leveraged its existing distribution channels to introduce new products efficiently. When Product Diversification Doesn’t Work Harley-Davidson: The Perfume Debacle Why It Didn’t Work: Brand Mismatch: The rugged, rebellious image of Harley-Davidson didn’t align with the concept of luxury fragrances. Lack of Market Fit: The company ventured too far from its core product, entering a market where it had little expertise or customer base. Colgate: Frozen Dinners Why It Didn’t Work: Brand Confusion: Consumers couldn’t reconcile a toothpaste brand with frozen dinners, leading to poor sales. Overextension: Colgate stretched too far from its core competency, failing to build a credible brand in the food industry. Key points to consider when adopting product diversification in your Business Understand Your Market: Successful diversification often comes down to understanding your market and anticipating customer needs. If you’re considering expanding your product line, make sure it’s something your customers want and that aligns with your brand. Leverage Your Strengths: Use your existing strengths, such as brand loyalty or distribution networks, to support new products. This can give your diversification efforts a better chance of success. Avoid Overextension: While it’s tempting to branch out, be cautious not to stray too far from what your business does best. Diversification should complement your existing products, not confuse your customers. Product diversification can be a powerful tool for business growth when done right. It allows you to tap into new markets, reduce risk, and increase revenue streams. However, it’s important to approach diversification strategically, ensuring that new products align with your brand and meet your customers’ needs.

Profit from Property and Tax Planning Strategies under the Microscope 🔬 Was the topic of Farid Zaki’s presentation with the following key points: ➡️ Legal structure depends on intention of buying for investment or development ➡️ Capital Appreciation and Cashflow are essential elements ➡️ Positive and Negative Gearing in Property are different strategies with advantages and disadvantage ➡️ Negative Gearing is a Tax Strategy and not an Investment Strategy ➡️ Income Tax and GST on Revenue Transactions ➡️ Capital Gains Tax on Capital Transactions ➡️ Accountants TaxAgents and Financial Advisors support your Financial Decision Making and Wealth Creation ATP Accounting & Taxation Professionals BNI Corporate Parramatta BNI Sydney North West & Penrith BNI Australia Parramatta Chamber of Commerce Sydney Hills Business Chamber Canterbury Bankstown Chamber of Commerce Australian Arab Business Council Inc #Accountants #TaxAgents #Accounting #TaxPlanning #TaxStrategies #Investment #Property #Tax #GST #Strategies #BNI #Business #Networking

Profit from Property and Tax Planning Strategies Under the Microscope 🔬 Will be the topic of my presentation BNI Corporate Parramatta 🗓️Wednesday 31st of July 2024 🕦11.30am-1.30pm 📍Club Parramatta, 2 Macquarie Street, Parramatta NSW 2150 Follow the link to register to join us for lunch and attend my presentation followed by business networking event with the awesome members and guests of: ATP Accounting & Taxation Professionals BNI Corporate Parramatta BNI Sydney North West & Penrith BNI Australia Rebecca Raad Frederick Marcoux Ivan Misner https://lnkd.in/gi_jNVJJ #Accounting #Tax #Investment #Property #SMSF #Accountants #TaxAgents #Business #Networking #Event #BNI #BusinessNetworking