#Business Growth
How can customer complaints make your business stronger?
This week on Let’s Talk, our experts explore how businesses can turn consumer complaints into a competitive advantage.
Automation: The business essential as Australia’s economy rebuilds
A year into the pandemic, we can clearly see how automation has allowed businesses to not only continue, but in many cases accelerate…
How organisations can maintain a strong corporate culture during business growth
Business growth can be a double-edged sword for organisations trying to balance workplace culture with new clients, stakeholders, incomes, and external responsibilities. It’s important that, as businesses grow, managers don’t lose sight of internal workplace culture. As organisations scale up, it can be hard to maintain the warmth, openness, and cohesiveness achievable with a smaller […]
Financing business growth through equity
Very few business owners entirely self-fund their growth, especially if the growth is significant. While some are sufficiently profitable to fund growth through cash flow, in most cases, businesses use other funding sources to increase the speed of growth. There are various ways to do this, including offering equity to staff members. This can provide […]
How to become a more responsible business in 2018
When you first started your business, you more than likely made decisions based on your gut instinct and learned through trial and error. As your business has started to grow, you will work with more talented professionals, who can help point you in the right direction when making big decisions such as marketing techniques, sales […]
The secret to thinking small when you’re getting big
As business leaders we are always told to “think big.” Innovation and grand ideas are seen as assets when it comes to leaders of a business or employees in that business. But there is one area where you don’t always want to think big. And that is in your culture. As your business begins to […]
Why adherence to sound practices is vital for long-term business success
When you consider the thousands of business owners in Australia, it’s highly unlikely any of them would intentionally hamper their organisation’s consistent growth. Unfortunately, however, many are unintentionally doing just that. Across the country, many business people are inhibiting their success by not learning, adopting, and adhering to good business practices – and this is […]
Efic helping high-growth business take on export opportunities
Seeing Machines has gone from strength to strength since 2000, when the business was founded as part of an association with Australian National University. Today it is at the forefront of driver monitoring technology and has more than 200 staff and operations across the world; including the US, the UK, South America, Europe and in […]
Six ways to keep Costs Down and Revenue Up
With less than three months to financial year end, here’s some big questions to help you prepare before and after 1 July. If you are wondering, like me, where this calendar year has gone, it may be little surprise to you that we are less than three months away from the end of the financial […]
Tips for successful digital transformation: how IT pros are leading the way to business success
With IT teams largely responsible for its success, digital transformation has plunged IT professionals into the spotlight – for all the right reasons. You have to hand it to IT professionals. They keep critical systems running with limited resources, they configure networks like it’s no big deal, and they are often the first to recognise […]
Using the end of financial year as an opportunity for future growth
Business planning tends to be done in cycles. A cycle may be a week, a month, a quarter or a year. At the end of every cycle, you have the opportunity to compare your business plan to your actual results. The insights you gain from this are used to plan for the next cycle. Smart […]
How to get the most out of your staff without hiring or firing
Let’s, for a moment, imagine a scenario. You’re a business owner or manager, with a team of people under you. That team, which has been handpicked to fulfill the needs of your business, is underperforming. As a manager, you have goals to meet. Short of hiring new blood, or getting rid of those you feel […]
Is now the right time to recruit? 5 questions to ask yourself
When planning for growth, one thing that often keeps business owners up at night is the question, “When is the right time to hire new staff?” Do you wait until you land that big new contract and then hire the staff you need? Or, do you take the risk and hire the staff first, so […]
Your blog as a business: successful strategies for writing your way to fame and fortune
You hit publish. This is going to be epic. You wait. Nothing happens. You check your Google Analytics stats. Nope. No visitors. Days go by and your blog is as dead as the day you published your post. What is going on here? Blogs are supposed to be cash machines. The truth is that is […]
The top qualities of a great leader
Leadership is the ability to direct, create, inspire and influence. It requires flexibility; leaders must roll with the punches, be open to change and continuously look for opportunities to move forward. Most importantly, leadership is about motivation. It is about growing others while they work with you towards a common goal. Great leaders have specific […]
Why Gemini3 received a ‘kick-start’ from St George Bank
You’ve got the idea, you’ve done the research and your plans are ready and waiting; but finding someone to invest in an untested business model seems nigh on impossible. It’s the usual conundrum. A recent report from the UK suggested that despite high levels of confidence amongst younger entrepreneurs, many are being held back by […]
It’s a Digital Jungle out there: Dr Matthew McDougall; helping businesses overcome ‘culture shock’ in China
Any traveller will appreciate what ‘culture shock’ feels like; that moment when we first set foot in an unfamiliar civilisation and realisation suddenly strikes: Our understanding of social cues, customs, behaviour, and communication have suddenly become defunct. These are our social navigation tools – tools we take for granted – until they’re no longer there […]
A story rarely told: Some start-ups refute alarming failure statistics and exceed expectations
Small business failure rates are alarming – or so we are told. Along every avenue of research an enthusiastic entrepreneur will take, their spark, at some point, will be doused by bold assertions: “8 Out of 10 entrepreneurs who start businesses fail within the first 18 months” (www.forbes.com). For anyone in the throes of a […]
The challenges of importing skills to drive innovation
Australia is lagging behind in the innovation stakes, ranking 17th for 2 years running in the Global Innovation Index 2015. We are being overtaken by the likes of New Zealand and even smaller markets like Luxembourg amongst a range of criteria, such as business sophistication, infrastructure, human capital and research and creative outputs, amongst others. […]
Unlocking your business growth with sticky revenue
Starting a business is all about communicating the benefits of your service or product to the appropriate audience. Although fairly straight forward in principle, the complexities of executing this vary for every business. To get up and running, most service businesses begin by undertaking project based work. They tender for a job, set a price […]
Five tips to get great truck finance for business
Some businesses rise and fall on the backs of trucks. Whether you’re shipping or receiving products of your own, on behalf of other businesses or need a truck to help you ply your trade (concrete mixers or cranes for example) it pays to get a great deal on truck finance. Here are top 5 tips […]
Award winning entrepreneur impresses the toughest customers around
The winner of the prestigious 2015 Ernst & Young (EY) Entrepreneur Of The Year award has been announced at a gala dinner in Sydney last Thursday. That winner was Manny Stul, Chairman and co-CEO of toy company Moose Enterprise, who stood out ahead of 27 other national finalists tipped for the award. Dynamic Business spoke to […]
Collective intelligence: the power of smarter, quicker team thinking and the bottom line
When we think about the bottom line in business the immediate jump is fiscal performance – how much value do we have in terms of cold hard cash? What sort of reserves do we currently hold; what sort of profit margin do we have in place? Are we in the red, or the black? In […]
Entrepreneur shares her space and her story
For Sunshine Coast writer, Celeste Mitchell, starting a new business was far from the mind. Celeste shares her story with Dynamic Business reminding us all that opportunities can be found when they are least expected, and should be pursued. The flexibility offered by freelance work attracts many in an environment technologically equipped for work just […]