Below you'll find a list of all posts that have been categorized as “Small Business”
We’ve all heard the saying everyone has the same 24 hours in a day, choose how you spend your time wisely. Yet we are all guilty of watching the clock tick by, getting to the end of the day and not feeling like we have accomplished as much as we planned to do. Worse still, we use our 24 hours …
After I had been operating my business for a few years, I found myself stuck in a rut. Although the business was growing, I was not achieving the results I wanted out of my business, and certainly hadn’t achieved the outcomes I had hoped for and aspired to when I first established the business. It was at this time I …
I don’t think I know anyone who hasn’t delayed starting a task at some time in their life. Whether it be putting off an assignment, delaying making a phone call or avoiding that difficult conversation with your boss. Wikipedia defines procrastination as the avoidance of doing a task that needs to be accomplished. It could be further stated as a …
They say hindsight is a wonderful thing, and the same can be said about learning (and applying) business principles. I gained a lot of insights about successful business practices after I sold my business than I did from 10 years of operations. Many of the lessons came from reflection after the sale, and others were learnt during the process of …
Whether you have been in business for a number of years, or are relatively new to business, you have probably come to appreciate the realities of business. When you first started out in business you likely had dreams of changing the world, enjoying flexibility and freedom and yet you may have found yourself soon accepting that being in business is …
All too often, when presenting business owners with their end of year financial reports, I would be asked the question “Where is the profit?” The common consensus appears to be that profits should be cash in the bank. The accounting principles, however, dictate that profit is applied on the balance sheet in the form of debt payments, asset purchases, amounts owing …
Walt Disney, Colonel Sanders and Reed Hastings are examples of wildly successful business owners who were either bankrupt or had very little when they launched their business. They had nothing to lose from taking a risk and persevering with their vision. Early in my career one of my colleagues often said to me “What’s the worst that can happen?” At …
n my role as Business Advisor, I meet with an average of 15 business owners a week, and of those 15, typically 3 are business owners I haven’t met previously. I am truly in my element in this environment. I thrive on meeting new people, learning about their business ideas, gaining insights into industry “quirks” and experiencing the motivation and …
You’ve come up with an exciting business idea, you’ve formed a relationship with a business partner. You’re looking forward to launching your business. Whilst all partners are on favourable terms, all is rosy, now is the time to set the rules of the game. A shareholders’ agreement is used to outline the business practices, matters to consider in the event …
Would you rather have a slither of the large pie, or the entire small pie? Are you likely to hit more targets if you rapidly fire a machine gun randomly, or take precise shots with a sniper gun aimed at a target? There is a misconception that you will be more successful in business if you service everyone and anyone. …
It is often said “You get what you pay for” with the perception of quality of product being linked to the price you pay. More often than not, this turns out to be true, cementing the belief that the amount you are willing to pay does reflect the quality of the product or service you receive. When setting prices, business …
I was asked recently for my thoughts on how to plan for unexpected events in business such as when key staff members resign, take annual leave or are injured and unable to work for an extended period of time. I share my thoughts here for consideration. A business can reduce its reliance on people by concentrating on defining the structure …
