--- title: Fortuna Blog | Blog (3) description: Blog | (3) --- [![logo-advisory-group](https://blog.fortunaadvisors.com.au/hs-fs/hubfs/Fortunaadvisors_October2019/Images/logo-advisory-group.png?width=236&height=48&name=logo-advisory-group.png)](https://www.fortunaadvisors.com.au/) [![logo-advisory-group](https://blog.fortunaadvisors.com.au/hubfs/Fortunaadvisors_October2019/Images/logo-advisory-group.png)](https://www.fortunaadvisors.com.au/) - [Home](https://www.fortunaadvisors.com.au/) - Services - [Tax & Business Advisory](https://www.fortunaadvisors.com.au/tax-business-advisory/) - [Tax and Compliance Services](https://www.fortunaadvisors.com.au/tax-business-advisory/tax-and-compliance-services-2/) - [Bookkeeping Services](https://www.fortunaadvisors.com.au/tax-business-advisory/bookkeeping-services/) - [SMSF](https://www.fortunaadvisors.com.au/tax-business-advisory/smsf/) - [Business Planning](https://www.fortunaadvisors.com.au/tax-business-advisory/business-planning/) - [Buy/Sell a Business](https://www.fortunaadvisors.com.au/tax-business-advisory/buying-selling-business/) - 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[Settlements](https://www.fortunalegal.com.au/settlements/) - [Litigation (Court Cases)](https://www.fortunalegal.com.au/litigation-court-cases/) - About - [About Us](https://www.fortunaadvisors.com.au/about-us/) - [Our MD and Team](https://www.fortunaadvisors.com.au/about-us/our-md-and-team/) - [Careers](https://www.fortunaadvisors.com.au/about-us/careers/) - [What Our Clients Say](https://www.fortunaadvisors.com.au/testimonials/) - Community - [Resources](https://www.fortunaadvisors.com.au/resources/) - [Newsletter](https://www.fortunaadvisors.com.au/newsletter/) - [Blogs](https://blog.fortunaadvisors.com.au/) - [Make a Difference](https://fortunafoundation.org.au/) - [Contact](https://www.fortunaadvisors.com.au/contact-us/) ## Fortuna Advisory Blogs #### [The Importance of Goal Setting for your Business](https://blog.fortunaadvisors.com.au/the-importance-of-goal-setting-for-your-business) [Blog](https://blog.fortunaadvisors.com.au/tag/blog), [Business](https://blog.fortunaadvisors.com.au/tag/business), [Startups](https://blog.fortunaadvisors.com.au/tag/startups), [Goal Setting](https://blog.fortunaadvisors.com.au/tag/goal-setting) [Daksh Aggarwal](https://blog.fortunaadvisors.com.au/author/daksh-aggarwal) Goals are the fundamental steppingstones to achieving success professionally and personally. *They provide clear focus,...* [Read More](https://blog.fortunaadvisors.com.au/the-importance-of-goal-setting-for-your-business) [![goal setting](https://blog.fortunaadvisors.com.au/hubfs/goals.png)](https://blog.fortunaadvisors.com.au/the-importance-of-goal-setting-for-your-business) #### [Essential Activities to Achieve Early Success in your Startup](https://blog.fortunaadvisors.com.au/essential-activities-to-achieve-early-success-in-your-startup) [Blog](https://blog.fortunaadvisors.com.au/tag/blog), [Business](https://blog.fortunaadvisors.com.au/tag/business), [Startups](https://blog.fortunaadvisors.com.au/tag/startups), [Business Advisory](https://blog.fortunaadvisors.com.au/tag/business-advisory), [success](https://blog.fortunaadvisors.com.au/tag/success) [Daksh Aggarwal](https://blog.fortunaadvisors.com.au/author/daksh-aggarwal) When starting your own business, early success is necessary. After all, 20% of start-ups fail within the first year,... [Read More](https://blog.fortunaadvisors.com.au/essential-activities-to-achieve-early-success-in-your-startup) [![business success](https://blog.fortunaadvisors.com.au/hubfs/20180424211335-GettyImages-646457612.jpeg)](https://blog.fortunaadvisors.com.au/essential-activities-to-achieve-early-success-in-your-startup) #### [The Advisory All-Rounder Bridging the Skills Gap](https://blog.fortunaadvisors.com.au/the-advisory-all-rounder-bridging-the-skills-gap) [Insider](https://blog.fortunaadvisors.com.au/tag/insider), [Blog](https://blog.fortunaadvisors.com.au/tag/blog), [News](https://blog.fortunaadvisors.com.au/tag/news), [Business](https://blog.fortunaadvisors.com.au/tag/business), [Accounting](https://blog.fortunaadvisors.com.au/tag/accounting), [Skills Gap](https://blog.fortunaadvisors.com.au/tag/skills-gap), [All Rounder](https://blog.fortunaadvisors.com.au/tag/all-rounder) [Fortuna Advisory Team](https://blog.fortunaadvisors.com.au/author/fortuna-advisory-team) Amidst an industry-wide skills shortage, almost two-thirds (60 percent) of practices today consider issues related to... [Read More](https://blog.fortunaadvisors.com.au/the-advisory-all-rounder-bridging-the-skills-gap) [![Fortuna](https://blog.fortunaadvisors.com.au/hubfs/HBI09849-3.jpg)](https://blog.fortunaadvisors.com.au/the-advisory-all-rounder-bridging-the-skills-gap) #### [What are the Foundations for a Successful Business](https://blog.fortunaadvisors.com.au/what-are-the-foundations-for-a-successful-business) [Blog](https://blog.fortunaadvisors.com.au/tag/blog), [Business](https://blog.fortunaadvisors.com.au/tag/business), [Startups](https://blog.fortunaadvisors.com.au/tag/startups), [Business Structures](https://blog.fortunaadvisors.com.au/tag/business-structures), [foundation](https://blog.fortunaadvisors.com.au/tag/foundation) [Daksh Aggarwal](https://blog.fortunaadvisors.com.au/author/daksh-aggarwal) To set your business up for long-term success, a strong foundation must first be built. This foundational structure... [Read More](https://blog.fortunaadvisors.com.au/what-are-the-foundations-for-a-successful-business) [![business foundation](https://blog.fortunaadvisors.com.au/hubfs/bricks-foundation-success-strength.jpg)](https://blog.fortunaadvisors.com.au/what-are-the-foundations-for-a-successful-business) #### [Key ratios for medical practice](https://blog.fortunaadvisors.com.au/key-ratios-for-medical-practice) [Blog](https://blog.fortunaadvisors.com.au/tag/blog), [Business Advisory](https://blog.fortunaadvisors.com.au/tag/business-advisory) [Fortuna Advisory Team](https://blog.fortunaadvisors.com.au/author/fortuna-advisory-team) Medical practices need to be concerned about their performance. Performance measurement is key in assessing business... [Read More](https://blog.fortunaadvisors.com.au/key-ratios-for-medical-practice) [![](https://blog.fortunaadvisors.com.au/hubfs/February%202021%20Posts/Blog%20banner-2.png)](https://blog.fortunaadvisors.com.au/key-ratios-for-medical-practice) #### [Understanding Key Differences Between an Employee and a Contractor](https://blog.fortunaadvisors.com.au/employee-or-contractor) [Blog](https://blog.fortunaadvisors.com.au/tag/blog), [employee](https://blog.fortunaadvisors.com.au/tag/employee), [small business owner](https://blog.fortunaadvisors.com.au/tag/small-business-owner), [finance](https://blog.fortunaadvisors.com.au/tag/finance), [SMEs](https://blog.fortunaadvisors.com.au/tag/smes), [Business Structures](https://blog.fortunaadvisors.com.au/tag/business-structures), [cfo](https://blog.fortunaadvisors.com.au/tag/cfo), [contractor](https://blog.fortunaadvisors.com.au/tag/contractor), [Business Advisory](https://blog.fortunaadvisors.com.au/tag/business-advisory) [Simon Turner](https://blog.fortunaadvisors.com.au/author/simon-turner) This issue has seen many individuals, plus the organisations they contract to, get into a deal of bother with the tax... [Read More](https://blog.fortunaadvisors.com.au/employee-or-contractor) [![Woman sits at table working on tablet. ](https://blog.fortunaadvisors.com.au/hubfs/brooke-cagle-JBwcenOuRCg-unsplash.jpg)](https://blog.fortunaadvisors.com.au/employee-or-contractor) #### [5 Xero Mistakes Business Owners Make and How To Avoid Them](https://blog.fortunaadvisors.com.au/how-to-avoid-making-these-xero-mistakes) [Blog](https://blog.fortunaadvisors.com.au/tag/blog), [Accounting Services](https://blog.fortunaadvisors.com.au/tag/accounting-services) [Fortuna Advisory Team](https://blog.fortunaadvisors.com.au/author/fortuna-advisory-team) If you've just started working with Xero accounting software, it is normal to make a few mistakes while you’re... [Read More](https://blog.fortunaadvisors.com.au/how-to-avoid-making-these-xero-mistakes) [![Xero mistakes made by business owners](https://blog.fortunaadvisors.com.au/hubfs/February%202021%20Posts/Blog%20banner.png)](https://blog.fortunaadvisors.com.au/how-to-avoid-making-these-xero-mistakes) #### [Simple Tips to Managing Cash Flow in your Medical Practice](https://blog.fortunaadvisors.com.au/tips-to-managing-cash-flow-in-your-medical-practice) [Blog](https://blog.fortunaadvisors.com.au/tag/blog), [Business Advisory](https://blog.fortunaadvisors.com.au/tag/business-advisory) [Fortuna Advisory Team](https://blog.fortunaadvisors.com.au/author/fortuna-advisory-team) Though challenging, cash flow in the medical practice can be improved by following these simple procedures: [Read More](https://blog.fortunaadvisors.com.au/tips-to-managing-cash-flow-in-your-medical-practice) [![](https://blog.fortunaadvisors.com.au/hubfs/February%202021%20Posts/Blog%20banner-3.png)](https://blog.fortunaadvisors.com.au/tips-to-managing-cash-flow-in-your-medical-practice) #### [Improving business efficiency in 2021 – 7 ‘killer’ tips](https://blog.fortunaadvisors.com.au/2018/12/19/improving-business-efficiency-in-2019-7-killer-tips) [Blog](https://blog.fortunaadvisors.com.au/tag/blog) [Dinesh Aggarwal](https://blog.fortunaadvisors.com.au/author/dinesh-aggarwal) The New Year is the perfect time for organisations to reassess their operations, and to implement new and more... [Read More](https://blog.fortunaadvisors.com.au/2018/12/19/improving-business-efficiency-in-2019-7-killer-tips) [![](https://blog.fortunaadvisors.com.au/hubfs/Business-efficiency-2.jpg)](https://blog.fortunaadvisors.com.au/2018/12/19/improving-business-efficiency-in-2019-7-killer-tips) #### [The 5 Best Business Management Apps for Tradies](https://blog.fortunaadvisors.com.au/the-5-best-business-management-apps-for-tradies) [Blog](https://blog.fortunaadvisors.com.au/tag/blog), [Business](https://blog.fortunaadvisors.com.au/tag/business), [Startups](https://blog.fortunaadvisors.com.au/tag/startups), [finance](https://blog.fortunaadvisors.com.au/tag/finance), [coronavirusstimulus](https://blog.fortunaadvisors.com.au/tag/coronavirusstimulus) [Fortuna Advisory Team](https://blog.fortunaadvisors.com.au/author/fortuna-advisory-team) The less paperwork you have to deal with, the better, right? After all, trying to manage paperwork while you’re on the... [Read More](https://blog.fortunaadvisors.com.au/the-5-best-business-management-apps-for-tradies) [![](https://blog.fortunaadvisors.com.au/hubfs/Featured%20image.png)](https://blog.fortunaadvisors.com.au/the-5-best-business-management-apps-for-tradies) 3 [4](https://blog.fortunaadvisors.com.au/tag/blog/page/4) ## Leave Comment ### Most Popular ### Post By Topic - [Blog (93)](https://blog.fortunaadvisors.com.au/tag/blog) - [Business (49)](https://blog.fortunaadvisors.com.au/tag/business) - [small business owner (29)](https://blog.fortunaadvisors.com.au/tag/small-business-owner) - [SMEs (26)](https://blog.fortunaadvisors.com.au/tag/smes) - [Accounting (24)](https://blog.fortunaadvisors.com.au/tag/accounting) - [Australia (24)](https://blog.fortunaadvisors.com.au/tag/australia) - [Tax (21)](https://blog.fortunaadvisors.com.au/tag/tax) - [Business Advisory (19)](https://blog.fortunaadvisors.com.au/tag/business-advisory) - [Startups (19)](https://blog.fortunaadvisors.com.au/tag/startups) - [legal (19)](https://blog.fortunaadvisors.com.au/tag/legal) - 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A group of progressive thinkers, we always stay ahead of the curve through keen focus on Research, digital disruption and Continuous Professional Development. #### Drop us a line Copyright © 2020 Company, Inc. All Rights Reserved. ![](https://px.ads.linkedin.com/collect/?pid=3610066&fmt=gif)