In this episode, Warren Maris from Magnus Business Advisers and Accountants shares with us how we can recession-proof our business. We talk about having a unique selling proposition, employing 'good' people, putting the right people in roles that are right for them, being open to change and involving people in changes, keeping only 'good' clients, documenting everything (from client agreements to procedures), getting off the tools, having a thirst for knowledge, and working on the important elements of business in the correct order.
Business Tips to Help You Get Ahead of the Competition
It’s important for business owners to understand the ins and outs of operating a business. Read on for some business tips and best practices that you can take advantage of.
Interview With Bob Burg, Author of The Go-Giver
In this episode, my special guest is Bob Burg. He has changed my life and the way that I do business. The Go-Giver is one of the first self-help books that I read, and it had a massive influence on me.
How to Set Yourself Up for Success
G'day! You've got Josh here and I've got a couple of special guests. We've got Sarah from Perfectly Beautiful. Say hey. We've got Masso, and he's starting a fantastic business around sailing in Croatia. I've also got Al here and he's had a couple of businesses in the past, and he's looking to go into his third venture. Let's talk about the biggest thing to consider when managing a business, the scariest decision in business, a tool that can help you skyrocket in the future and what business owners do to keep up with the everchanging technology.
What Is Agile Development?
To understand agile development, let’s go back to the days of the waterfall methodology. Here, you produce something and then you say, ‘Okay, now it's working, but it might have broken.’ And then you go through a process that's in series. There's a clear start and there's a clear end, but there's nothing in the middle that isn't defined. It only has a start and an end, and the product is created.
Giving Consumers Lots of Options
One of the most amazing things about New York is the sheer amount of choice. If you're feeling hungry, there's a lot of options, and this is great for consumers. But what you need to realise is that each stand is only offering a few items. The hot dog stand doesn't sell pizzas and cappuccinos; it just sells hot dogs and a few extras.
Is Price Your Identifier?
Last week, we covered off on apples and oranges and how they can't be the same price.
If you've made it clear that you've got a B-grade product and you're charging an A-grade price, that's not very fair. If you have a product that sells for $10 and you're charging $6, but there's no service and support, that's not very fair. That's when it becomes quite hard for people who are trying to compare apples and oranges.
How is that going to work? Obviously, you can't compare apples with oranges, but this comes down to another big problem, and that's having your price as your identifier.