Call it an insurance misconception, but many business owners have a fixed idea of what they believe is an appropriate amount to pay for insurance. If they paid $2000 last year, they think $2000 will do for this year. But when every other aspect of your business could have changed, why would the same amount still be valid to protect you into the future?
Sometimes inspiration can come from the most unexpected of places, as Franziska Iseli-Hall found on her travels through Mongolia. Here, she shares some of the business lessons she took away from her time with the nomadic people of the region.
Not everyone can be an Olympic champion, but we can all learn from the athletes who are. Success in business is the same as success in sport, and it comes down to setting goals that will pave the way to achieving a personal best. Here’s how to make it happen.
It can be hard to find the time to take care of every single aspect of your business, just as trying to work on tasks that are not high in your skill set can lead to frustration, mistakes and wasted time and money. How can you overcome this? Outsourcing.
The role of an SMB owner is wide-ranging and understated: CEO, general manager, accountant, HR manager, and marketer. Without the luxuries afforded to a larger organisation – such as having a risk management team – small business owners need to self-manage all risk scenarios and shortcomings in-house.
Confidence in the small business sector is continuing to wane, according to the latest NAB Quarterly Business Survey, as the global economic climate remains unstable and the prospect of new local taxes sit on the horizon.
Running a family business means not only managing relationships with family, but also overseeing leadership skills which may differ from typical values held by your kin. Use these 10 lessons to build a solid leadership structure for your family business, to ensure its longevity.
If your business’ business is entirely outside the office, how do you go about doing all the essential tasks necessary for your organisation to flourish? We asked some tradies how they manage all their business essentials in between working on site.
Difficult economic conditions are creating cashflow challenges for businesses that limit growth. Use this 10-point checklist to review your strategies for growth for the new financial year.
Winning a gold medal doesn’t just happen, it takes hard work, dedication and perseverance. The same goes in business and with the Olympic Games just around the corner, here are some gold medal lessons you can apply in your organisation.
