reverse engineer
Features

Why you should reverse engineer a business plan

- July 27, 2020 3 MIN READ

When creating a solid business plan, reverse engineering is a crucial part of the process. It’s fun and easy to sit and dream about what success looks like. Maybe for you, it’s regularly making a profit so you can wipe out your debts, or perhaps it’s about building a legacy? writes internationally acclaimed business coach… Read more »

News

ASBFEO calls for COVID-19 recovery plan for small business owners

- May 29, 2020 2 MIN READ

With restrictions finally starting to lift and many small businesses re-opening or ramping up, the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) Kate Carnell has called for a COVID-19 Recovery Plan, to help small businesses navigate the next phase of the pandemic. Carnell acknowledges small business owners will be looking for guidance as they… Read more »

pivot
Features

To survive Covid-19, pivot without hesitation

- April 3, 2020 2 MIN READ

When your business is on the line, there is no room for indecisiveness, hesitation and “business as usual,” according to Australian entrepreneur, business owner, investor, mentor and author Dorry Kordahi. Kordahi, who has played an active role in the Australian startup and business community for close to 20 years and is an Advisory Board Member… Read more »

Features

Why personal growth is important for small business growth

- August 16, 2019 3 MIN READ

If you are a small business owner, you’re probably so focused on day-to-day tasks, that you forget about focusing on yourself. It’s hard, sometimes, to think about personal growth in an environment that’s constantly forcing your attention elsewhere. Business owners are relied upon to keep customers and employees happy while also handling admin responsibilities. It’s… Read more »

Features

How to avoid 7 business failures that keep you from success

- June 5, 2019 3 MIN READ

David Smith, Principal Advisor in Business Improvement at SAI Global knows a thing or two about why businesses fail. Having carried out 100s of audits and training and certification for organisations of all sizes, Smith believes many Australian businesses lack processes and planning, which leads them to failure. “Problems associated with quality usually come from… Read more »

Features

The 2 main innovation strategies – which one is right for your business?

- May 31, 2019 3 MIN READ

As business leaders we live in a dynamic world and we all know at some level that we MUST constantly change, evolve and adapt our businesses otherwise our businesses will go extinct. However, not all business leaders embrace this reality and act accordingly. In my experience over the past 15 years dealing will small and big businesses I have seen leaders take an approach to business change that sits somewhere on a continuum between 2 extremes; Avoidance Approach They… Read more »

Features

The 3 critical growth stages every SME should understand

- November 22, 2018 3 MIN READ

In life, change is constant. In business, planning for it will be critical to your success. And while change can be challenging (and painful!), if it’s anticipated and well-managed, it can be a rewarding and transformative process and result in innovations, improvements, and growth. To help you avoid some often-hazardous business growth pitfalls, I’ve channelled… Read more »

Growth

Is your business financially unwell?

- May 1, 2017 2 MIN READ

It’s best to treat your business as you would your health – with regular check-ups and the occasional visit to a specialist. You know your business better than anyone. There might be nagging issues that need attention, but you ignore them – you’re busy, and your business model is ‘strong enough’. If you’ve ever thought this,… Read more »

News

Inquiry into slow payments for small businesses

- February 14, 2017 2 MIN READ

According to The Invoice Market, late payments are the biggest issue facing Australian small to medium businesses. With $26 million owed in unpaid invoices, these businesses spend over 12 days a year in business operations chasing unpaid invoices. Lack of cash flow means a halt in business growth, which often leads to debt or worse,… Read more »