#Profitability
What 11 Years Running Restaurants Taught Me About Sales and Profit
After more than 11 years running hospitality businesses, Badrul Haider learned that a full restaurant does not necessarily mean a profitable one. He shares practical lessons about revenue,…
Orgs losing $56b per year to admin burdens
Non-essential tasks and poor performing technology are eroding employee engagement and productivity, costing Australian and New Zealand organisations $56 billion per year, a new study reveals. Workforce management solutions provider Kronos partnered with Coleman Parkes Research to assess the the level of engagement within Australian and New Zealand businesses. As part of this undertaking, the […]
Your company is the sum of your people
There are two kinds of startups – those who succeed and others who constantly try. In Britain, at least half the companies fail to last more than five years and in the US, three out of four startups are going bust without managing to turn a profit. The team and leader define the success of […]
Businesses downbeat after hard Christmas
Australia’s business confidence has suffered after a difficult Christmas period, according to the December quarter 2014 ACCI Survey of Investor Confidence.
7 ways to save more money now
A growing business has expenses. Use these steps to cut costs and ramp up your profits in 2013.
3 words that will change your business
It’s easy to be intimidated by your competitors’ sales figures but these numbers should be of less concern than your relative profit margins.
6 good reasons not to work from home
Making the move from home office to renting space can be a difficult one, but it can provide more opportunities than just offering a formal place to work. Here’s a look at 6 of them.
3 ways to make working capital work for you
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.
Get your head into the profitability game: Expert advice
A large part of business efficiency is ensuring that any expense incurred is spent in the best way possible to progress the business. The idea of cutting expenses endlessly may well not prove the best way forward – instead, expenses should be carefully monitored at all times.
Four in five small businesses optimistic for 2012
A survey conducted by financial software Reckon has found that 66 percent of small businesses have reported either increased (41%) or stable (25%) revenue this year and more than 80 percent of business expect to have positive or stable revenue in 2012.
Fresh Produce Group the apple of NetSuite’s eye
Fresh Produce Group (FPG) have taken home the coveted NetSuite “Hairball Award” for realising the greatest cost reductions and disentanglement from conventional on-site software.
Automate Your Business
Businesses with better things to do rather than deal with the tedious elements of administration will find using software-based automation could save a lot of time and money. Investing in this form of technology will drive down costs and improve quality and use of data. More importantly, software-based automation could make a huge difference in […]
SMEs Cannot Afford to Ignore BPM
Quite simply, Business Process Management (BPM) allows an SME to grow. What most SMEs don’t realise is that BPM and putting business processes in place is extremely important, and perhaps even more critical for them to adopt than larger businesses. Undoubtedly, BPM solutions enable companies to do ‘more with less’ through well-managed processes. We see […]
Employee Share Ownership
Employee share ownership plans are no longer reserved just for large, publicly listed companies. As Rebecca Spicer discovers, they can be a useful tool for any business wanting to attract, retain and motivate staff. It’s no secret that the skills shortage is crippling many industries. And so, tools and strategies that attract and keep key […]