Management

No matter the size of your business, if you’re offering credit to your customers it’s highly likely at some point you will do work for a customer who will blatantly refuse to pay.

After going over endless details of starting your own business, you’re finally ready to make your dreams a reality, but you don’t want to go at it alone. Like any other form of business, a partnership business has many pros and cons.

If you think that bookkeeping and accounting fees are high, consider this horror story, which could be the one tale that gets business owners thinking about their own business.

Growth and profitability can be achieved by focusing on one or two areas at a time and working up from there.

A business with good systems in place will know when a cash crunch is coming and will be ready for it. Unfortunately, most SMEs are not as well organised and, when a problem occurs, it tends to hit them right between the eyes.

We see systems, structures and tools but not the culture developed by leaders in the organization. Here is what you must do to develop the culture you need…

Cash flow is the lifeblood of any small business – when it’s pumping your business is healthy, but when it dries up the results can be disastrous.

Complacency has seen the demise of many brands. It is the worst mistake businesses, especially startups, can make. Yet, it doesn’t get the same share of voice as other challenges.

In Australia, fraud costs business and government a mind-bending $5.8 billion each year, making fraud responsible for one-third of the nation’s overall crime costs.

Processes are an important part of running any business and having processes in place that run smoothly and efficiently can make the difference between business success and total disaster.

As Australian small business owners and jobseekers eye opportunities for work-life balance, more workplaces are beginning to provide flexible work options.

Those tedious nine-to-five working hours, brick-like office equipment and endless piles of paper are now confined to the archives of history.

You’ve probably heard that your employees are the key to your business success. In actual fact, success depends on your ability to lead and motivate your team as much as it depends on their capabilities.

Having been conditioned to believe that things like ‘7 minute’ abs are possible, who could blame us for expecting to see our ‘brilliant ideas’ to be implemented overnight, and to see results quickly?

Your organisation may be making sales left and right, but if you’re not collecting funds from these transactions, you may find yourself with insufficient cash during critical periods.

On a daily basis, an average worker will spend more time with their workmates than with their family. In order to keep a workforce running effectively, and keep the morale high, it’s vital that every worker gets along with, appreciates and respects the people they are in a team with. This is where team-building comes […]

Last year Australia’s businesses and government spent around $4.5 billion on consultants. But more worrying than the sheer size of that spend is the opportunity cost that went with it.

Always slacking off. Not meeting deadlines. Producing low quality work. These are all triggers for you to have ‘that’ conversation – the one addressing poor performance. However it’s a conversation many fear immensely.

It’s well known that a happy workplace is more productive, but it’s far easier said than done.

For a growing business, mission statements are important in creating a culture, improving employee decision making and establishing a clear competitive difference.