We help you figure out whether Reach is better than MYOB for your small business.
We’re thrilled to announce the addition of our new online training course for cloud-based accounting software — Reach Accounting. It’s a great, low-cost option for small business owners. But there are some businesses that will still be suited to MYOB, so let’s take a closer look at how Reach compares to MYOB to help you select the best accounting software for your business.
Bank Feeds and Payment Gateways
The first thing you’ll probably use in Reach is the invoicing software, which is not entirely different to MYOB — or Zoho or Xero, either. (On that note, we’ve also introduced a new Xero course to our suite of online courses.) In Reach you can enter all of your company details, set up customers, enter your bank account details, create an invoice (or use the pre-defined template), and so on.
Where Reach differs from MYOB, however, is that it doesn’t offer a bank feeds service, which means that you still need to manually record each payment your customer makes. This can be a time-consuming process, particularly if you don’t stay on top of it — which can be embarrassing if you set up the automatic late-payment reminder service, and then forget to record your customers’ payments.
The other points of difference between Reach and MYOB is that Reach does not allow you to set-up payment gateways to connect your PayPal account, nor can you connect your Reach account directly to an online web store; functions that are handy for online businesses.
While those functions aren’t currently available, Reach does have plans to make them available in the future. But if you’re not going to miss those functions, or aren’t likely to use them, anyway, then the Reach Accounting software will work for your business.
What Reach Will Enable You to Do
Reach allows you to create invoices and estimates, manage your payroll, expenses and complete your BAS return, among many of the other traditional accounting functions you find in MYOB.
Finally! A Cheap Small Business Accounting Solution
For many small business owners operating fairly simple businesses (say, virtual assistants or teleworkers) the need to invest in rather expensive accounting software like MYOB has probably never existed.
It’s not uncommon to find a sole trader who still uses Excel to create their invoices, and still keeps a shoebox-full of receipts that they then enter into another Excel spreadsheet, or else endure the wrath of their accountant if they don’t.
This is generally because there’s never been any low-cost accounting software available to them — that was until Reach Accounting, a division of Net Registry, entered the fray a little while back.
Because we’re constantly looking to help small business owners, we’ve partnered with Reach Accounting to offer small business owners a low-cost Reach training course, which includes a free trial of Reach to use while you’re taking the course.
Compare us with some of the competition and we think you’ll find we stack up pretty well!
After operating face-to-face training centres right across Sydney for many years, in 2006 we realised that the future of short-course learning was in an online delivery method. Since then, we’ve offered all of our training courses online, including our most popular MYOB course.
There are plenty of reasons for taking an MYOB course. We recently highlighted a case study example of a couple who completed our course to better manage their business’ books easily and in real-time (and subsequently saw first hand where they were losing money!) or maybe it’s because you’d like to start a remote bookkeeping business.
Where Might You Do Your Online MYOB Training Course?
Whatever your reasons, you need to learn somewhere. But where is the best place to learn MYOB? We compare three of the leading providers with EzyLearn.
TAFE NSW:
Offers a beginner MYOB course via a face-to-face delivery method at two Sydney campuses: Hornsby or Meadowbank.
Attendance: two evenings a week for three weeks (28 hours)
Cost: $450 (GST exempt)
Trainer: Not specified
Certification: TAFE Plus Statement
Extras: None specified
University of Sydney:
Offers a face-to-face training course at their Newtown campus.
Attendance: one evening a week for two weeks (15 hours)
Cost: $490 (GST exempt)
Trainer: MYOB certified consultant
Certification: Certificate of Completion
Extras: free repeat class
Bizmate:
Offers an online basic MYOB course, online payroll MYOB course and online advanced MYOB course.
Attendance: 6-8 hours of total work, delivered online. Course must be completed within 60 days
Cost: $220 per course ($660 in total)
Trainer: MYOB Certified Consultant
Certification: Certificate of Completion
Extras: None specified
EzyLearn:
Offers five MYOB courses that cover all levels and competencies of MYOB for one price.
Attendance: Delivered online, no timeframe to complete course
Cost: $347 (5 full courses + lifetime access) or
$444 (5 full courses + lifetime access + assessment and certificate)
Trainer: Registered BAS agents and experienced MYOB professionals
Certification: Certificate of Completion with Institute of Certified Bookkeepers accredited training provider logo
Extras:
Join the Institute of Certified Bookkeepers for FREE,
Unlimited repeat courses FREE (go over as many times as you need, when you need),
Lifetime access to course content (Including new material),
Access to new and updated training video and other content.
Several versions included (version 19 and earlier, and version 2011 and later)
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We believe we’re the best provider of MYOB courses in the country, because we offer up-to-date content in a flexible delivery method, with access to industry professionals and lifetime access to our course content. If you’ve read this far then get all the details at our website. You won’t be disappointed – we promise! Enrol in our MYOB course today.
For any new business, it’s important to market your new business so develop new leads and customers, but it’s also important that your marketing costs don’t outweigh your income. In the marketing module of our small business management course, we talk about Google Adwords, which is a low-cost way to advertise your business online, using keywords.
Another Option is Facebook
Facebook is also another option for businesses large and small, but we think it works particularly well for small businesses, due to the community-minded nature of Facebook, itself.
There’s an old saying around EzyLearn: People like to do business with people they know, like and trust. Facebook helps you to develop online relationships with your customers, allowing them to get to know, like and trust you.
But in case you’re still not convinced, here are another 6 reasons why you should be on Facebook:
Population and penetration: We know that over 1 billion people are on Facebook, but what’s the penetration rate for a market, like the USA, for example? 67 percent of internet users in the US are on Facebook; in Australia that penetration rate is much higher—82 percent.
Age: Facebook skews young—83 percent of 18-29 year olds are on Facebook—but the 45-54 age-bracket has also seen 46 percent growth since the end of 2012.
Income: The incomes of Facebook users higher than any other social media platform. 73 percent of Facebook users earn more than AUD$75,000 compared to 17 percent for Twitter.
Mobile: Social media is the most popular social media app on smartphones and accounts for 66 percent of total social media sharing on iphones.
Gender: Like every other adverting medium, Facebook also skews toward women, but it’s still more gender neutral than Google+ or Pinterest.
Education: Nearly 75 percent of Australian Facebook users have some form of university or tertiary education.
If you’re looking to target any or all of these demographics for your small business marketing campaign, then create a Facebook page and start marketing your services to your followers.
Microsoft Word is still one of the most widely used software programs in every small and large business in the World. Despite free or cheaper alternatives most small business use this software because everyone else does – it means that they don’t have to learn a whole new software program.
Microsoft Word is used to create documents like:
Resumes
Business sales flyer and brochures
Letters
Menus
Pricelists
Business Forms
much more
Despite how popular it is many people still don’t know how to use it properly. If you ask most people they’ll say they can use Microsoft Word but as soon as you ask them to create a flyer or something that uses multiple columns, images and alignment you’ll start to discover that there are MANY ways to go about it.
The concept of TABS has been used since the day of the typewriter and in Microsoft Word it’s much more powerful, but who really know how to use them?
In addition to our MYOB training courses, we also offer a MS Word training course. If you’ve ever needed to add columns into your word document, you’ve probably done one of two things: counted the number of times you’ve hit the ‘tab’ button, inserted a table or just pressed the space bar until the text lines up. If this applies to you, watch this free training videos (one of MANY in our online Microsoft Word training course)
When you spend the extra time using tabs properly you’ll see how it saves time and lives up to it’s name as a productivity tool. It’s when you want to change the formatting or add new information that you will find the correct use of Tabs in Word VERY rewarding.
If you are looking at starting a new job, promoting a new product using a flyer, sending out a mail merged information letter or many other tasks this year, do it with a new confident, skill level and speed.
So what’s auditory learning? You may not think we’d have many auditory learners completing an online training course and there was probably a time when that was so. But with the ability to upload videos to our learning management system, we’re now able to bridge the gap and provide our training courses to the nearly 20 percent of the population who are auditory learners.
Where Auditory Learners Excel
Typically, auditory learners excel at writing responses to information they’ve just heard, and because they’re also verbal learners, they’re good at delivering speeches or oral exams.
Auditory learners are likely to:
Enjoy discussions, talking things through and listening to others
Acquire knowledge by reading aloud
Follows spoken directions well
Watch videos
About 20 percent of the world’s population are auditory learners and they thrive being in the company of others, particularly in the learning environment where they can bounce ideas off other students.
There was a time when online learning or distance education perhaps wouldn’t have been the most viable option for these kinds of people, but that’s now changed. Auditory learners can use our video training videos and connect with other students at our online student community so they can discuss the course content and exercises.
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At EzyLearn, we’re aware of the different ways our students learn and we’re always adapting our course content and materials to satisfy those different learning styles, and ultimately, to help you learn better.
Visual learning is one of the most common ways people learn.
In our post called “What’s Your Learning Style?” we looked at the ways our students typically prefer to learn, and in our last post, we discussed the characteristics of the kinaesthetic learning style. In this post (are you following? You should be able to if you possess the learning traits of our next learning style!) we’re going to discuss visual learners.
The Most Common Way to Learn – Visually
As our most popular online training course, the MYOB training course, is a software-based course, we have a great deal of visual learners among our students.
Visual learners are those who learn best by seeing them, and find that confusing information is best explained with the aid of a picture or video tutorial.
Visual learners are likely to:
Take detailed notes
Need quiet study time
Benefit from illustrations, presentations and videos
Remember diagrams or pictures
About 65 percent of the population are believed to be visual learners, and even though they’re good with written materials, the online learning delivery method didn’t always meet their needs when it came to visual aids. Now, thanks to the internet, learning providers like EzyLearn are able to provide our content online, accompanied by training videos and presentations, so our visual learners now have the added visual aids to help them learn.
As one of Australia’s largest providers of online MYOB training courses, we’ve come to learn a thing or two about our students’ learning habits and what we’ve discovered is that there are three different kinds of learners — visual learners, auditory learners and kinaesthetic learners.
There’s no right or wrong way of learning, but we thought it would be interesting to have a look at these three learning styles in a little more detail.
Learning … Kinaesthetically
First up: kinaesthetic learners. People with a kinaesthetic learning style learn by touching and doing things, and although they only make up about 5 percent of the population, they’re a group of learners we see a fair bit at EzyLearn. This is because our training courses are software-based and at some point people become pretty eager to give the software they’re learning about a test drive.
Kinaesthetic learners are the students who learn by discovery, can complete more than one task at once and are those students who like to listen to music while they work.
Kinaesthetic learners are likely to:
Need lots of breaks
Speak with their hands and gesture a lot
Learn by working with others
Remember what was done
Learn by doing activities
The benefit of being a kinaesthetic learner and studying with EzyLearn is that you’re able to study at your own pace (so you can take lots of breaks), get hands-on with the software and try some of the exercises, and you can also interact with other students at our student community to get that much-need dose of human interaction.
It is this kind of flexibility that online learning offers that makes it so appealing to a broad range of learning styles that the traditional face-to-face offering often can’t provide.
Not a kinaesthetic learner? See tomorrow’s post on visual learners.
Humans all have different ways of learning and absorbing information. Which style are you?
As Australia’s leading provider of online MYOB training courses, over the years we’ve come to observe the different learning styles of our students. What we’ve witnessed is that everybody has a different approach to learning, and in particular, that a one-size-fits-all approach to learning just isn’t that effective.
While it may not seem like it, the very flexible nature of the online learning environment actually better caters to all of those different learning styles — whether our students are visual, auditory or kinaesthetic learners, we make sure to include something in the content of our online training courses that will make the learning process easier and more engaging.
Broader Content to Reach a Broader Base of Learning Styles
In fact, the different ways people learn was something we came to notice way back when we still operated our physical training centres on the north shore, northern beaches and other parts of Sydney. But we discovered that even though the face-to-face learning environment is the conventional way to learn, it is not necessarily an all-encompassing one.
When we moved our training material online, it presented us with the opportunity to provide a broader range of content that engaged with a broader range of students. In the years since we offered our first online MYOB training course, we have continued to update our content to ensure we’re always engaging with all of our students, regardless of their learning styles.
For those of you wondering what your learning style is, then you wonder no more! We’ve put together a series of posts, outlining the different characteristics of each learning style. Are you a visual, auditory or a kinaesthetic learners? It might help you realise why some techniques just feel natural for you and why some information just tends to stick!
Understanding Your Own Learning Style
Expanding your knowledge of how you learn helps you to learn better and work through the course content more efficiently — it may even help you work more efficiently in the workplace, or with others who may adopt a different learning style to yours.
Now that’s going to be nasty … is your business complying with current WHS regulations?
When we moved our training materials online, we developed our own learning management system, a software application that administers our MYOB training course, small business management course and all of our other online training courses.
Deliver Your Company Training Material Online – Work Health and Safety
But an opportunity exists for small to medium-sized businesses to deliver their company training material online, using EzyLearn’s learning management system — this is particularly useful for work health and safety (WHS) training.
Now that Australia’s WHS laws have changed, there’s a renewed push for businesses to be vigilant when it comes to workplace safety. Harsher punishments for business owners found to be in breach of the WHS Act 2011 now includes fines of up to $3 million per organisation and $600,000 or 5 years imprisonment per person, per breach.
The changes follow a rash of litigation across the country, where companies have been prosecuted for not ensuring that contractors and sub-contractors working on their premises have been made aware of all the potential risks and hazards associated with carrying out work on their premises.
Under the Act, a business owner can be prosecuted based on what they can be reasonably expected to know in relation to work health and safety risks. This means that, if a contractor carrying out welding on the premises of a business is injured, the business owner can be prosecuted because it is reasonable to expect the business owner to know that carrying out welding near flammable gases is hazardous.
Contractor and Sub-Contractor Liability
The move to include contractors and sub-contractors carrying out work for, or on behalf of, a business is one of the key changes to the WHS Act 2011, which was introduced in January 2012, and replaces the previous OH&S Act 1991. This presents a number of potential areas of risk for business owners who retain the services of contractors, and even remote, home-based workers.
In a landmark ruling in 2011, the Administrative Appeals Tribunal in Queensland awarded a Telstra employee legal and medical costs after she slipped and fell down the stairs twice while working from her Brisbane home.
The tribunal’s ruling has effectively extended the employer’s liability beyond what they traditionally thought was reasonable, to include the unknowns of an employee’s home. As such, for small business owners employing or retaining the services of home-based workers, making certain you have the correct WHS procedures and training in place should be a priority.
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Using EzyLearn’s learning management system to deliver your company’s WHS training materials allows your staff, contractors or remote workers to access the content regardless of where they’re based, so you have peace of mind in knowing that they’ve been made properly aware of any risks or hazards relating to their work — and their workplace.
If you would like to know more about how EzyLearn’s learning management system works, contact us.
We offer training courses in MYOB, because it’s the market leader in accounting software and because it’s the preferred software of choice for most accountants. For start-ups or other small businesses, however, Zoho Books or Invoice might be all you need for your business, which is why we’re going to provide some videos on how to use Zoho.
Just What is Zoho Invoice?
For now, though, we’re going to look at the functions of Zoho Invoice. If you have recently started your own virtual assistant business or another business that really only requires you to invoice your clients, then Zoho Invoice is all you would really need.
The best thing about Zoho Invoice is that if you have 5 or fewer customers and only need access for one user, it’s completely free — forever. After that, the next step up is the standard plan, which allows you to have up to 500 customers and 3 users for $USD15 a month; the professional plan costs $USD30 with unlimited customers and unlimited users.
Even if you use the free plan, you can still access all of Zoho Invoice’s features, including time tracking, recurring invoices, expense, tracking, multi-currency, payment gateways and automated overdue payment reminders; you can even customise your invoices with your company logos and branding.
As your business grows, you can upgrade your plan to the standard or professional versions of Zoho Invoice, or even upgrade to Zoho Books if you’re in need of a more comprehensive piece of accounting software. There’s also an iPhone and Android app for Zoho Invoice, which allows you to create invoices on the go.
While Zoho is an American owned and operated company, you’re still able to customize the settings for an Australian business. This means you’re able to charge in Australian dollars, add GST, and you’re able input information like ABNs.
The downside is that there isn’t a local number for their customer service team, so you have to get in contact via email. That being said, Zoho has an online forum where you can ask and answer questions and they also provide a number of videos to help you with troubleshooting.
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Overall, Zoho Invoice is a good piece of cloud-based invoicing software that is both inexpensive and highly functional. For a virtual assistant or a start-up that only needs to invoice customers, it sure beats the hell out of that tired, old Excel invoice! Stay tuned for more on Zoho and the Zoho Office Suite.
Since we closed our Sydney-based training centres in Dee Why, Gordon and Parramatta in 2006 and went 100% online we’ve been able to offer more for a lower price.
For the same price we use to charge for a one day training course in MYOB we are now able to offer ALL 5 MYOB training courses AND provide lifetime course access (INCLUDING updated course content).
You might also recall that our online support team comprises remote workers who operate their own virtual assistant business from all over Australia and even internationally so we are thrilled to be part of the new revolution in remote workers.
We are also very proud to be a Partner of the Australian Government Telework week in the SME (Small Business Sector) and look forward to helping more and more students find work as well as run their own businesses from their own homes.
Remember that we even offer the opportunity to start your own online training business using our established infrastructure AND if you are looking to start your own business as a bookkeeper (or any business for that matter) we now have the Cert IV in Small Business Management on our Learning System.
The Difference between Public Relations and Marketing
For some reason, marketing and PR are two activities that are often confused with one another. Perhaps that’s because many companies combine their marketing and PR departments, or maybe it’s because people don’t really understand what PR is.
At its most basic PR is the deliberate, planned and sustained effort to establish and maintain mutual understanding between an organisation and it’s public. Marketing, on the other hand, is the business of promoting and selling products or services, which includes market research and advertising.
It’s important to keep these two definitions in mind when undertaking either activity, because if there’s one thing PR is not, it’s selling, which is the ultimate goal of marketing.
That doesn’t mean that PR won’t result in eventual sales, but it shouldn’t be the primary objective of a PR campaign, (although it’s not uncommon for many established PRs to forget this subtle nuance between the two).
If it’s done right, PR is a great way to generate buzz about a new business or product, particularly for small businesses that may not have a huge marketing budget.
Simple Ways You Can Create a Buzz for Your Small Business
For a home-based bookkeeper or virtual assistant just starting out, PR activities to generate interest in your business could include holding an event with other home-based bookkeepers or virtual assistants and inviting local business owners along so you can educate them in the benefits of employing a remote worker.
The goal for an event like this would be to build relationships with your “publics” — people that may come to employ or use your services—but not necessarily to win new business on that particular day.
Alternatively, you could contribute to a few online business publications on what it’s like being a remote worker, or seek opportunities to be quoted in those publications.
Ultimately, that’s the goal of any PR campaign: to gain exposure for yourself or your business by educating and informing first. The selling part comes second, which is where PR differs substantially from marketing, of which the ultimate goal is to promote and sell.
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If you’re a remote worker, why not give your business a PR boost in addition to your regular marketing activities — contact us and tell us your success story. In fact, this very blog is always looking to hear how our students are doing since completing one of our courses, so if you’re now working remotely as a bookkeeper or a virtual assistant, get in touch! It’s great exposure for your business.
If you are a bookkeeper, selling online MYOB training courses to your clients could be the perfect complement to your business.
We’ve mentioned before how we offer enrolment vouchers for our MYOB training courses, which we sell to training organisations and accountants. The idea is that accountants and other trainers can give their customers additional training without having to having to provide the materials and content themselves.
Are you a Bookkeeper? What about Becoming an Online Trainer Too?
But this also presents the opportunity for existing bookkeepers to extend their businesses into the area of online training. We’re looking to partner with existing bookkeepers who would like to provide online MYOB training courses, for which we’d provide the website, tailored to your business needs.
For bookkeepers, this allows you to extend your business beyond just bookkeeping, and use your knowledge and skills to train others in MYOB without having to provide the course content or the necessary infrastructure to facilitate an online training course to your students.
For EzyLearn, it gives us the opportunity to extend our reach and capture a larger pool of students we may not have previously been able to reach. It also fulfils our goal of helping bookkeepers start their own businesses and take control of their careers.
How Does It Work?
Sound interesting? This is how it would work: you register your interest in working with us, and we would have a conversation about your business goals. If both parties are happy to move forward, we’d provide you with a website, tailored to your needs, and sell you the initial stock — vouchers for EzyLearn’s famous MYOB training course, which you would then sell onto your clients.
The end result is a partnership where we provide the materials and infrastructure to operate a training business. What you do after that is entirely up to you. For instance, you might decide to bundle our online training course with one-on-one training, for which you’d charge extra for your time. The possibilities are endless!
Don’t beat yourself up if you get it wrong – all the while you’re learning from your mistakes – which is a darn site better than never having tried at all.
We’ve talked previously about cheating and what’s to be lost by students who cheat, and in particular, what a person has to lose from cheating. Not only do you miss out on learning, you also lose out on the valuable experience of sharing the learning process with others. We believe this is such an important part of the learning experience that we’re even in the process of creating an online community for the students of our MYOB, Word, Excel, and WordPress training courses.
Studying Online? You Can Still Share with Others
When you study online it can sometimes be a lonely business. But we want to change all that, and encourage our students to interact and connect with each other; to share their tips and advice, and make the most of the learning experience.
For people who decide to cheat in their coursework, it’s usually for one reason: they don’t want to fail. But realistically, from the moment they decide to copy someone else’s work, they’ve already failed, but without the valuable experience that comes from trying something and failing: learning.
So you take a test and you get a couple of the answers wrong; at least now you know where you went wrong. It gives you an opportunity to go back over your coursework and try and learn that portion again — or even ask someone.
If you were taking one of our online training courses and you were stuck on a particular portion of the coursework or you got an answer wrong in the test, you can contact someone in the EzyLearn team to help you, or you could discuss the problem with your fellow students, and see how they tackled that question.
Developing the Skill of ‘Problem Solving’
But the important thing is that you’re problem solving; you’re taking steps to resolve a problem. And those problem-solving skills that you employ when you reach a bump in the learning road are invaluable when you operate your own business.
As a business owner you need to be able to problem solve, often on a daily basis. When you reach a problem in your coursework that you’re having difficulty with, by asking questions and talking with others, you’re building up your problem-solving skills, in addition to learning how overcome that particular problem, itself.
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So don’t forget: if you don’t try, you’ll never learn. As business owners, we should exercise our problem-solving muscles from time-to-time, so start now while you’re studying a training course.
If something is free it can lose its value, prompting some students to cheat when given free courses.
In a previous blog we talked about cheating and employing a cheater and how it can be easy to cheat in your coursework by plagiarising someone else’s work. We all know that people who cheat are really only doing themselves a disservice because they haven’t learned the coursework. That’s a big reason why we include tests at the end of each module in our MYOB training courses — to test our students’ knowledge of the coursework, like bank reconciliation.
Testing to Help Learn Properly
We don’t believe our students are cheaters, or that a test will stop someone from cheating (people always find ways to subvert the system if they really want to), but we do believe that it encourages people to really learn and understand the coursework in order to complete the test successfully.
These are the kinds of employees that companies and business owners are looking for and we try to ensure we give our students the opportunity to be the best and most successful they can be.
Free Business Courses for Unemployed Job Seekers
This raised another question for us about the kinds of courses available and the kinds of students they attract. You may already be aware that the Australian Government offers unemployed job seekers the opportunity to complete a business course for free.
This is certainly a great opportunity for those job seekers who, through no fault of their own, found themselves without work, and maybe even without the necessary skills to find gainful employment again. So the Australian Government offering courses to help people learn and develop the skills they need to re-enter the workforce is a great thing.
But in life, there are always those people who are willing to subvert the system. If these people didn’t exist, there’d be no war, we’d have no need for a police force, or a government — John Lennon’s Imagine would, effectively, have come true.
Cheating the System
But the truth is, people do try and subvert the system, everyday. Just recently we met a person who had completed a small business course, which was paid for by the government, and they told us how they had devised a plan to cheat in the coursework. Not only that, they also convinced their other classmates to do the same.
So each person copied content off the internet, or another person’s assignment, and submitted it as their own work. This defied the whole point of setting an assignment, which is to get the student to apply the work they’ve learned in class and demonstrate their understanding of it. By cheating, you’ve demonstrated nothing other than your knowledge of the copy and paste function on your computer.
Learning to Interpret Things
You’ve also missed out on a valuable opportunity to take the coursework and apply it to something yourself, and then receive feedback from a teacher. These are generally exercises that you’ll face in the real world as a business owner, and the point of taking a course is to prepare you for those situations and give you the knowledge you need to handle them. A key aspect of learning is to take in the facts your presented with and interpret them yourself.
The Problem with ‘Free’
Perhaps the reason those students who cheated were willing to do so was because they hadn’t paid for the course out of their own pocket. It was free, so what was the harm?
Steven Levitt and Stephen J Dubner are the authors of the hugely successful book Freakanomics. In the book they explore the hidden side of everything, which they say all comes back to economics because humans respond to incentives — and we’re presented with different incentives virtually everywhere we look.
For instance, there are numerous ways you are incentivised to be a good driver: you don’t get speeding tickets, you won’t lose points off your license, and your insurance company will give you a no-claim bonus. And those incentives each come with their own economic reward.
A person who cheats in a course they didn’t pay for doesn’t really stand to lose anything in economic terms — it didn’t cost them anything to attend the course in the first place, so if they don’t learn anything, they’re no better or worse off.
The Positives of Paying
For a person who paid to attend a course, however, they do have something to lose if they don’t learn anything — the money they paid for the course — and this is their incentive to work hard and make the most of the course; to get more bang for buck.
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That’s why we offer lifetime access in our MYOB training courses. We know you want to make the most of the coursework, to ensure you’re getting the most value for your money and that you’re going to work harder, as a result. For that reason, alone, that’s what makes you more likely to succeed than those people who had a free ride — because you’ve got something to lose.
We all like something for nothing, but sometimes it comes at a cost. In this instance, there is a lot of truth to the expression, nothing ventured, nothing gained. If you don’t put up the money in the first place, you’ve got no incentive to gain anything as a result.
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Xero is a great bookkeeping program for tradies who are on the go and using their phones (or a tablet) all the time. From receipts scanning to creating quotes and invoices, receiving payments and keeping track of project costs.
bookkeepercourse.com.au/produ…
