Let’s admit it; most retail shops are simply boring. Walk through any shopping precinct and the majority of stores will never catch your attention. Can anything be done? In this age of instant messaging and fast communication it is critical that a retailer works hard to draw attention to the store, and to hold that […]
Timing the market versus time in the market—debunking the myth. By Dale Gillham Accepting the mantra that time in the market is more important than timing the market is probably the single greatest downfall of any investor wanting to beat the market average. The public is often cautioned through advertising slogans about the perils of […]
John Debrincat explains how starting small with your online store can lead to success There are now over 1.87 million small to medium sized businesses in Australia and they are all thinking about ecommerce. These include tradespeople, small stores, small farm businesses and all types of businesses. However, even though total ecommerce revenues hit $45 […]
It’s a sad fact that three in five small businesses fail within three years of setting up. There can be a myriad of reasons for this failure—flawed business vision, poor planning, inability to attract and retain good staff, lack of capital and cash flow problems, low sales and lack of ongoing business in the pipeline—but […]
Businesses are exposed to unexpected circumstances every day, so there’s no point thinking disaster won’t strike you. Karin Brawn exposes the risks and outlines how businesses owners can ensure they’re properly covered, so business won’t be interrupted even when the worst happens. Severe storms in NSW during June left many small business operators out of […]
Many scholarly researchers have concluded that a staggering 90 percent of family businesses fail by the third generation. This sobering statistic becomes more perplexing when you consider the army of attorneys and CPAs available to assist families with cutting edge business succession planning strategies. However, my own research reveals a glaring omission in almost every […]
Effective cash flow management is an essential part of business success. Here are some key tips to getting it right. 1. Know the balance sheet inside out. This is an obvious, but often overlooked, necessity. Making a sale is not the end of the cash flow cycle. It is important to know when the cash […]
A tree change could become reality if you enter the Win a Business Competition, launched by the Grampians Pyrenees Regional Development Board (GPRDB) of Victoria. The board are offering a $20,000 prize package including set up costs, branding, marketing and financial help for family expenses, including rent. Eligible applicants must open a business in the […]
Communication between prospective employers and unsuccessful candidates has deteriorated dramatically, according to the results of an independent study of 1,000 Australian employees conducted by new jobs site, JobsLive.com.au. A whopping 96% of employees who participated in the study believe employers and recruiters could do a better job of getting back to unsuccessful candidates.78% of participants […]
Small Business September – http://www.smallbiz.nsw.gov.au/sbmonth/ Small Business September 2007 is a month-long program of workshops, seminars, expos and more to assist business owners and operators across the spectrum of small to medium sized enterprises.
