It is amazing to think that in the near future we will start to return to some sense of normality in our everyday lives. Finally, supermarkets will be able to keep toilet paper on the shelves for longer than an hour, you will be allowed to leave your house and workplaces will be inhabited again. … Continued
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COVID-19 has affected all of us both personally and financially. The biggest issue arises for many of our clients who have been affected in both cases, because they run a small business. Suppliers slowing or shutting down, debtors not paying or having to modify their own operations all of which heavily affect their bottom line. … Continued
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Have you reached a point in your career where you don’t necessarily want to leave your job and start fresh on a new path, but at the same time want to boost your income? Maybe you have thought about it, but are put off the idea because you thought it would cost too much, or … Continued
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“Never get so busy making a living that you forget to make a life.” —Dolly Parton, Singer. Famous words or famous last words? Our world today is a busy one. Regardless of the role you play and what your ‘job’ is, we as a society put a lot of pressure on ourselves to achieve and … Continued
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Entrepreneurs are unique. They have brilliant business ideas, often with a natural ability to think outside the box and deliver products and services that reflect their creativity. Some of the best businesses in Australia have come from entrepreneur minds such as John Illhan (Crazy Johns), Dick Smith (Dick Smith electronics, Dick Smith Foods &Australian Geographic) … Continued
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The stresses of running a business are very real, and often the business owner feels that they must take these on as part of the job. Many owners find themselves in a position where their everyday obligations such as bills, cash flow, pay roll or other operational tasks are often keeping them up at night. … Continued
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“Never get so busy making a living that you forget to make a life.” —Dolly Parton, Singer. Famous words or famous last words? Our world today is a busy one. Regardless of the role you play and what your ‘job’ is, we as a society put a lot of pressure on ourselves to achieve and … Continued
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Being a business owner is a tough gig. You are responsible for the daily operations, the all-important profit margins which keep your business afloat, but most importantly you are the gatekeeper to the livelihood of your employees and their families. It is common that due to this daily juggling act business owners are required to … Continued
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Businesses want to grow and help a larger audience, but too many make mistakes that cripple their growth. Even worse, they keep repeating them! Don’t do the same; avoid the blunders outlined below. Hiring Toxic Personalities Businesses hire more staff as they grow. But if they expand too quickly, they will feel pressure to fill … Continued
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Steady, reliable cash flow is crucial for the survival of any small business – so taking steps to ensure your customers pay promptly should be a key priority. When your clients consistently pay on time, you’ll avoid the dreaded “feast or famine” cycle. You’ll be able to pay your vendors, suppliers, and employees on time … Continued
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You won’t build a loyal customer base if you can’t earn your visitors’ trust, which is why companies value social proof so highly. But proving your online business’s value takes a unique skill set; one you can start learning by reading the article below. Befriend Experts Experts love teaching others what they know. While they … Continued
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It takes time, energy, and continuous effort to build a brand that attracts loyal customers and is rewarded by word of mouth referrals. Without a doubt, the good name you worked so hard to earn is one of your most valuable business assets; in addition to your solid customer base and positive employee relations, it … Continued
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If growth is your primary goal, take note of these two essential sales strategies: cross-selling and upselling. Why? Because it’s much easier to sell to existing customers than to acquire new ones. According to Marketing Metrics, the probability of selling to an existing customer is 60 to 70 percent, while the likelihood you’ll sell to … Continued
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A lesson some business leaders learn the hard way is that in today’s global operating environment risks appear to be increasing exponentially. It takes only one trial by fire for a leader to recognize the importance of basing each decision in part on its risk versus its reward. It’s important that a leader maintain … Continued
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Securing a business loan in Australia isn’t necessarily difficult but knowing how to navigate your way can be the difference between success and failure. Banks and other financial institutions offer a wide range of business finance options, from commercial property loans, commercial vehicle leases, and commercial and equipment leases, to simpler options such as letters … Continued
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From time to time, a business needs a cash injection. With so many lenders offering a dizzying array of products, it can be difficult to know what to choose. There are plenty of different types of business finance, but before diving in and applying, it’s important to understand your requirements first, so that a loan … Continued
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Looking for a cost-effective means to create another income stream? Consider this: ambitious companies are always on the lookout for the next lucrative business idea. Licensing your intellectual property to another company can be a win-win when both parties see eye to see, and result in a worthwhile pay out for all concerned. Wondering how … Continued
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Good news for small business owners: according to the US Small Business Administration, nearly 80% of small businesses survive their first year. However, that number begins to drop as time rolls on. Only half of small businesses pass the five year mark, and a mere third celebrate their tenth anniversary. Taking steps to create a … Continued
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Thinking about turning your passion into a paying gig? These steps will help you avoid some common mistakes as you set out to earn an income from your favorite pastime. Do you have what it takes? Unless you’ve run a business before, it’s easy to get carried away with the idea of how perfect it … Continued
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If you have any doubt that word of mouth referrals are important, consider these recent stats: According to Neilson, 92% of shoppers trust recommendations from friends and family more than traditional advertising 20% to 50% of consumer purchases are made because of a word of mouth recommendation 81% of buyers are influenced by their friends’ … Continued
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