Key Numbers to Drive Profit
Do you ever look at the reports from your accounting software or are they meaningless to you? A typical set of Financial Reports contain a lot of numbers but reading them can be daunting, hiding the critical numbers to success. So what are the key numbers you should review that will drive your profit? Revenue […]
Monitoring Working Capital Improves Cash Flow
A recent article by VECCI (Victorian Employer’s Chamber of Commerce and Industry) quoted ASICs figures showing that nearly 10,500 businesses entered external administration in 2011. Many were small businesses and analysts suggest the higher number of insolvencies is due to a crackdown from banks and the Australian Tax Office, which are pursuing unpaid debts and […]
The Difference Between Being “Reactive” and “Proactive”
There is a big difference between being proactive and reactive in your business. Successful business owners focus on proactive. Being reactive is not only stressful and potentially expensive, it can kill your business. Proactive business owners; Plan ahead – they know what the next 1, 6 and 12 months should look like. Have budgets – […]
Business Coaching Winners – Yummy Mummy Day Spa
Our most recent Business Accelerator Package winner was Amy Mitchell from Yummy Mummy Pregnancy Massage and Day Spa. We were so excited to meet Amy and the team at Yummy Mummy – who run Australia’s only pregnancy day spa! Yummy Mummy’s trained therapists specialise in taking care of pregnant women right from conception, through to […]
Are You “Road Blocking” Your Success in Business?
How many roadblocks do you have in your business? A roadblock is something that you use as an excuse as to why you are not getting the important stuff done. The important stuff is the money making stuff! That means getting on the phone to drum up sales or book appointments, or starting that big […]
Energy Sucking Black Holes in Business
I meet a wonderfully wide range of people in a typical week, and this one has been no exception. Despite the huge differences, a common theme has been emerging – the phenomenon of Energy Sucking Black Holes. We all have things we know we should do, but haven’t acutally done yet. There is a variety […]
Economic Disaster My Arse, We’ll Be OK
Seth Godin recommended his book, I just watched it on TED (there’s a theme here, isn’t there?) and it involves a discussion of abundance, which we state as one of our values – we come from a mentality that there’s there’s enough to go around so we’ll share and be generous and we won’t feel […]
The HRMWEB Recipe for Better Customer Service
…whipping your staff admin processes into shape! Your workforce is your most important, and often your biggest, business asset, so better structure and processes around managing your staff offers many obvious benefits such as time savings, money savings, better staffing decisions, increased control and peace of mind. However, there are benefits that are not always […]
Business Coaching and Sports Coaching – Common Mistakes
Implementing and driving a process of change in a business is like coaching a sports team. You have to get the basics right before you start to win. These are some of the many similarities we found out when Tim Edwards (Guru sports coach, lecturer, academic and part time surfer) shared with us at the […]
Using Teams in Small Business
One powerful tool often used by big business to boost productivity and improve outcomes is the use of Teams. Teams are a small group of people (or staff) with complementary skills, who are committed to a common goal or purpose, set of performance goals and approach for which they hold themselves accountable (Katzenbach &Smith 1993). […]
KER-ching! Truth About Banks
Just as Aussie Home Loans and Wizard changed the way we borrowed money to buy houses (and kept the banks slightly more honest than they used to be) now the world of foreign exchange is a target. Jon works with Atlas Currency Exchange in Byron Bay. They can help you save money on international money […]
New To Business?
New to business? Don’t lose your nerve! I have been helping out one of my best friends with her new business venture in the UK. It is exciting, a bit out of the box and loaded with potential. We had a long chat via Skype about a job offer she had received. It was essentially […]