Advice
It’s not always easy to find the perfect candidate, but as Rowdy McLean discovered, hiring the wrong one can be seriously detrimental to your business. Here’s how this entrepreneur dealt with the offending employee and turned his misfortune around.
Growing a business is a lot like raising children: it will need a lot of nurturing and care to be healthy and self-sufficient. So, when was the last time you sat down to spend some quality time making plans for your business?
Admit it, we all have those days when it’s a struggle to focus on the task at hand, and you feel like you spend all day trying to switch between tasks and end up achieving nothing. If you need a little help with keeping on track, these 3 tools are for you.
Are you one of the majority of small business owners who’d like more work/life balance? Wouldn’t we all? Read on for tips on how to use ‘the third space’ to get you there.
There are very few forms of capital in this market, so don’t discount the one that’s right under your nose: your own working capital. Here’s some expert advice for making the most of what’s available to you.
Goal setting is still important to help you get started, plan out your strategy and keep you on track. But, maybe once you have decided on your goals, it might be worth your while to take the focus off the end result, and concentrate on the task at hand.
The sooner you begin thinking about life after your business, the better prepared you will be for that day and the more likely it will happen on your terms. Here’s what you need to consider when putting yours together.
The rapid rate of adoption of technology has had a major impact on the retail sector, and many businesses have been struggling to keep up with the demands of their customers. Here’s how not to disappoint them.
Maintaining focus on your key competencies is important and sometimes the need for diversification is required – after all, innovation is good. However, it’s far too easy for organisations to become sidetracked with unnecessary innovation, in the wrong areas.
Loren Downing has faced more as a small business owner than most. After discovering tumours in her lungs and on her voicebox, the consultant couldn’t speak for a year. Despite this inauspicious start, Downing has created a successful consultancy for small business.
One of the most unexpected trends to emerge from the Global Financial Crisis (GFC) and the recession that followed in many nations, was the number of new businesses which started up even though economic conditions were so difficult.
Advances in technology mean that there are a huge range of apps and cloud-based services that can help your business to run more smoothly – and hopefully free up some of your time to focus on the things that really matter.
When the GFC hit, businesses everywhere were struck by the sudden and intense impact that the worldwide collapse had. But for Paris Cutler and her custom cake business, things hit particularly hard when she had no back up in place.
If you’re in the process of “pitching”, then you’re typically trying to convince another party to either invest in you, do business with you or buy from you. So what are some golden rules when telling the story of your business?
It’s inevitable: we’re all going to fail at something. Unfortunately, for many people this failure evolves into a fear of trying. Here’s how not to let fear get the better of you.
Company directors have numerous rights and responsibilities and keeping abreast of these is critical. Even the slightest indiscretion can see you fall foul of the Corporations Act, the ASIC and the ATO.
Entrepreneurs, to find your winning zone (and stay there), you need to get your emotional state right from the get-go. Here are four straightforward tips for how to make it happen.
In our extremely over communicated marketplace, brands deliver a multitude of messages in an attempt to talk to prospective customers. This makes it all the more important to practise what you preach, or risk your message not matching what you actually deliver.
When avid scuba diver Mike Davey bought the Jetty Dive Centre business in 1996, he was hoping simply to explore his hobby while servicing fellow divers with high-quality products. In reality though, he’s managed to build a successful multichannel business – this is how he did it.
Online editor Lorna Brett spent an hour with some LinkedIn heavyweights in Sydney this week. Here are some of the key lessons for small business she took away from the meeting.
