Managing
It’s has become much easier for business leaders to streamline their accounts and financial processes. Here are some tips and tools to get you started. With many companies struggling under the weight of inefficient processes and tightening budgets, automating the myriad of manual admin tasks that categorise accounts payable could save your company time and money. In Australia, […]
Whether you are starting out or your business has been established for many years, maintaining appropriate cash flow is a critical success factor. Here are some home truths when seeking business finance that once accepted will allow you to better understand and preserve your cash for the time you need it most. Rates are less […]
Millennial entrepreneurs are a resourceful and ambitious bunch with a majority aspiring to launch multiple businesses. However, they’re also driven by a belief in social good and the desire for work-life balance. These characteristics were revealed in a new report from Sage, which challenges generalisations about the youngest generation of business people. Sage’s Walk with Me […]
Get the details in the IDC InfoBrief – Thriving in the Digital Economy here. IDC surveyed decision makers around the globe to find out how new technology is changing business. IDC InfoBrief, sponsored by SAP, Thriving in the Digital Economy, February 2016.
Fuel is one of the most high-priced expenses people use to acquire both for their personal and business needs. But businesses, especially those utilizing fleet vehicles, should know how to efficiently use their fuel to reduce monthly fuel and overall business expense. One great solution is by using a fleet fuel card. This is like […]
Ever wondered what makes a strong company, strong? You’re not alone. For years, unsuccessful brands have been chasing the “secret formula” used by Apple, Amazon, Zappos, and others. Here’s what separates the good from the mediocre. Market And Customer Impact Brands that are wildly successful “wow” their customers. They don’t just make them happy or […]
One of the great myths in business is that entrepreneurs succeed alone. The truth is that people need people. People teach us. They inspire us. They challenge us to do things differently. And, sometimes, they make us tear out our hair in frustration. Still – cultivating the right people is essential for growing your business and […]
The problem with the perception of time poverty and stress is the two go hand in hand. As the feeling of time pressure rises, so does our experience of feeling stressed. While we benefit from some stress to lift our game and boost performance, feeling short of time reduces our capacity to manage our stress […]
Systems and process set you free. This is hard to imagine for most startup businesses as they cope with the chaos of a little bit of success, rushing from urgent to urgent, forgetting that if they worked on a process then perhaps the issue could be solved. Shark Tank Australia Season 2’s very first pitch […]
You’re in a performance review and your Manager tells you that a couple of your colleagues think your ego walks in the door two hours before you do. It’s ok though…. He’s “just being honest”. You’re having a discussion with a colleague and she raises her voice, points her finger and lets you know that […]
Inheritance can be a tricky business. You may have inherited a team you don’t get along with. You may be lacking some key resources for your job, or you may be struggling to get along with a difficult boss. Whatever your current role gave you, it’s time to stop feeling sorry and start working with […]
More stress, less time, more responsibility, less support? How do we get back to living a life we love without giving one thing up for another? As a business owner, leader or anyone in corporate knows – the best results come with a clear strategy and the courage to make a plan that’s relevant, realistic […]
Back in the brick-and-mortar days all any upstart needed to launch a new venture was a bank loan and a bit of gumption. And while the rules of commerce and capital have remained fundamentally the same, there have been seismic shifts in the technological and marketing landscape. That means businesses have to be more forward […]
Why do you own a business and work those incredibly long days and sleepless nights? I’ll take an educated guess and say the main reason is money driven; the means to an end that is a (more than) comfortable lifestyle. For many, this includes providing the very best for their nearest and dearest. In order […]
Today’s consumers are armed with more choices, more substitutes and more outlets to pursue alternative brands. In a world where our next purchase can be just two clicks away if we’re dissatisfied with a particular experience, providing quality service has never been more important. We harp on about providing a strong customer experience and with […]
Have you started noticing strange, odd behaviours from an employee? This may be occurring over time and can include the employee being too aggressive, too intimidating or just plain bizarre. If you’re the owner of an SME, you have the right to terminate an employee; however, you may be quite reluctant to dismiss the employee […]
It’s true that most businesses today recognise the value of diversity. Through strategic recruitment policies and the development of an inclusive culture, business leaders strive to leverage a variety of backgrounds and perspectives to create a commercial advantage. But when limited by your own industry sector, is there a limit to how far you can […]
One of the requirements for businesses to secure a bank loan is to have a formal business plan in place. According to the State Government of Victoria’s Business Victoria website, “When applying for a business loan, it’s essential to prepare a detailed business plan and fully inform the lender about your proposed venture. This information […]
In global terms, Australia is an expensive place to do business. Wages, rents, taxes and regulation combine to make conditions here tougher than in many other countries. As a result, Aussie small and mid-sized businesses are constantly on the lookout for ways to keep a lid on operational costs. By identifying areas in which savings […]
According to a report published in Harvard Business Review, out of 20,000 hires during a three year research period, 46 percent had failed in the first 18 months and only 19 percent achieved success. The primary reason given for failure was “poor interpersonal skills” which 82 percent of managers admitted to having overlooked in the […]
