A good strategy is the foundation of any successful business, but getting that strategy ingrained in your staff’s minds is easier said than done. Better yet – why not include your staff within the strategy development process? They could very well have insights and ideas that strengthen what you have in mind.
The perceived security of joining a franchise system tempts many potential and existing business owners, especially during times of economic uncertainty. So, is now the right time to buy a franchise or is it best to fly your independent flag?
Do small to medium businesses with a website really enjoy greater revenue than those without? Yes, and here are the figures that prove it.
Planning ahead to exit your business should start from day one, to ensure you build a valuable and saleable asset. There are many important aspects of succession planning, so start ticking these off your list now.
We’re obsessed with interest rates in Australia, keeping a keen eye on RBA decisions and subsequent reactions from lenders. But just what’s going on with rates at the moment? MYOB’s Kristy Sheppard explains…
With redundancies hitting the headlines, no doubt some are considering taking their career into their own hands by starting a business. But how do you know if you’ve got what it takes to make the leap into entrepreneurship?
With over 1,000 franchise systems in Australia, it can be tricky to figure out which will be a winner. Kristy Sheppard has some advice for choosing the franchise that’s right for you.
How’s your business development plan for 2012 coming along? Kristy Sheppard blogs about benchmarking your plan against that of other SMBs.
“It’s interesting to see that only 24 percent of business owners plan to increase their staff pay this year. I wonder what kind of staff retention strategies will come into play for those who take this path?”
Keen to set your business apart from its competitors? MYOB’s Kristy Sheppard suggests you begin entering business award programs.
“Community business awards will add weight to your cause with local customers while state and national awards will not only help with those closer to home but will strengthen your business appeal to customers further afield.”
It’s no secret many savvy business owners have a regular free e-newsletter that educates and informs their customers, business partners, suppliers and others but, Kristy Sheppard asks, how well are you managing this aspect of your communications?
