How to use EOFY to set yourself up for success Each end of financial year ‘EOFY’ is the highlight of the year (at least it is to us) It’s the green light for business owners to run the rule over their business and set up for success. It’s not just crunching the numbers and filling…
Take a good hard look at your business today Is it exactly what you want it to be? If you are motivated you can make changes. But you have to be motivated. We would suggest that you focus on four key areas of business design. As you go through the list here are some quotes…
‘Tis the season to be optimistic for Australian business owners, with one in six wanting to start another business. The insight comes from the latest MYOB SME Snapshot, which also found that just 10 percent of businesses were either ‘quite pessimistic’ or ‘very pessimistic’ about their prospects in the coming year. Overall, 64 percent of…
Consider it polygamy of sorts. If you want to stay in business long and prosper, you have to commit to your customers. It’s no longer enough just to satisfy them. The quality of a business’ revenue is as important as its quantity. Loyal customers represent quality revenue. Let’s take for example a small restaurant located…
Is it the economy or are some competitors doing quite well? If you’re ever in a situation where your revenue or profits are falling year on year, it’s really important to find out why that’s happening. A common response to the question, “Why is your revenue falling?” is “It’s the economy – it’s really tough…
It’s an age-old saying – practise what you preach Fast-forward to today and you could change that to practice it and do it at Internet speed. But it would be dangerous to let action be the only focus. It might seem touchy-feely or even frivolous, but every company has to have core values. The founders…
Ever heard the expression “time is money”? Well, it’s never more true than when it comes to making changes to your business. While change is not something that most people embrace quickly or open-heartedly, if it’s done too cautiously it can flatten revenues, eat profits and lead to business failure. This is particularly true for…