Managing
One of the requirements for businesses to secure a bank loan is to have a formal business plan in place. According to the State Government of Victoria’s Business Victoria website, “When applying for a business loan, it’s essential to prepare a detailed business plan and fully inform the lender about your proposed venture. This information […]
In global terms, Australia is an expensive place to do business. Wages, rents, taxes and regulation combine to make conditions here tougher than in many other countries. As a result, Aussie small and mid-sized businesses are constantly on the lookout for ways to keep a lid on operational costs. By identifying areas in which savings […]
Creating a business is an incredible journey made up of both success and failures, and entrepreneurs who are fortunate enough to watch their venture grow from a simple idea to an established company will understand that it involves constant change and management – From experience, here’s some advice in managing these changes. Expanding and thriving […]
For many SMEs, the question around innovation isn’t if or when, but how. Andrew Pearce Partner at McLean Delmo Bentleys, provides tips for SMEs looking to innovate within their business. Most SMEs are keen to ensure their business not only stays relevant but it thrives in an ever-changing, digitally- driven environment. In fact, almost a […]
Family is one of the most important units of society. These are the people we’re closest to. We share history. We love them. We trust them. We spend a lot of time with them. Starting a company together can be a great idea. And a great risk. There are many successful family businesses. Many small […]
Modern day Australians bring their tech-savvy skills to the workplace; they are natural born networkers and “achievement-oriented” as well. Technologies such as video conferencing and the use of mobile phone applications comes second nature to them. As such, this new breed of employees come equipped with a plethora of the skills that are required by […]
Employee morale and motivation is almost always directly tied to the ability of its leadership to inspire the workers. Whether a manager allows employees to suggest new ideas, take ownership of their work or simply treat workers with respect, good leaders almost always produce great teams. What are some things that you can do to […]
When you first set up your business, you probably dived in head over heels, researching, forming new relationships, setting up an office space, and organising your daily operations. Your blood, sweat, and tears were most likely sacrificed for the cause, alongside investing your time and money. For those who survived the challenging start up process […]
Rarely does anyone step into a new leadership role knowing everything they need to be successful. People naturally celebrate this change (I got this, how hard can it be?) but too often ignore the challenge of the transition (you’re unlikely to be aware of what you don’t know!). To significantly increase the chances for success, […]
Surviving in the crazy busy modern workplace has resulted in our adoption of some new strategies designed to save us time. The problem is no one appears to have done the necessary checks that these actually work. The one strategy most widely adopted has turned out to be the worst performance enhancing strategy ever, because […]
Chances are if you’re the owner of an SME, you don’t have a large corporate office or big team. You may not even have separate departments, which means that your small number of staff has to work closely with each other on various tasks to keep the business running. As a result, conflicts in the […]
Once upon a time you were extremely passionate about your dreams, and you chose to be amongst those who left no stones unturned when it came to shaping your dreams into a reality. Well, great job you did there. But, now what? Are you contemplating your decision of taking this path for you? Have you […]
Have you ever worked with someone who drained you of energy, undermined your confidence or caused you to feel anxious about the standard of you work? Have you worked with an aggressive, volatile or generally unpredictable colleague whose behaviour led to people ‘tip toeing’ around them? If you have, you no doubt appreciate the impact […]
Equipped with the company laptop, wifi dongle and remote network access – working from home (WFH) was once considered a special arrangement of convenience or necessity. Now, we are no longer at the mercy of the IT department’s bureaucracy with a handful of accessible technologies we treat as a given. Comprised of home wifi, laptops, […]
If you’re a business, the lifeblood of your business comes down to one thing – cash flow. If you have bottlenecks in cash flow, it makes life tougher and it can be hard to catch up. When cash flow is tight, you may feel that necessary asset purchases such as cars or equipment need to […]
Have you noticed yourself feeling more anxious, exhausted, susceptible to mood swings, or unable to sleep at night? If any of these symptoms sound familiar, you may be a small business owner on the brink of burnout. According to a 2011 Australian Bureau of Statistics report, managers are the occupation group most likely to experience […]
Acquisitions and mergers can be exciting. However, they can also be confusing for customers, employees, and other stakeholders, as the new organisation works out its unified identity and goals. One of the best ways to minimise this confusion is to consider a strategic rebrand. When an organisation acquires another company or two businesses merge, the […]
Leaders make decisions that impact the wellbeing of countries, companies and communities. It is better for all when those decisions are oriented toward what is right and proper, not what is merely permissible. This is where a moral compass comes in. You may recall the story of Bernie Madoff, who defrauded clients of millions of […]
Black Velvet is a Melbourne based boutique roastery and espresso bar that supplies quality beans to cafes and home baristas alike. Their second store based in the Galleria on Bourke St, which opened two months ago is already doing a roaring trade with thanks to the teams’ refocus on data and analytics to power and […]
When it comes to crisis management, many organisations adopt the ostrich philosophy – they bury their heads in the sand, wishing and hoping that nothing bad will ever happen. But navigating the waters of a potentially disastrous situation requires more than just wishful thinking. As PR professionals, we need to be prepared and comfortable to […]
