It’s important for a business owner to understand the ins and outs of operating a business. Read on for some tips and best practices that you can take advantage of.
Don’t Drive Down Your Bottom Line
$3 a kilo, $3 a kilo, $3 a kilo, $3 a kilo! Oi, they're selling bananas over there for $3 a kilo. What are we going to do? Oh, we'll do it for $2 a kilo. $2 a kilo, $2 a kilo, $2 a kilo. Oh no. Now they've mimicked us and they're doing it for $2 a kilo. What are we going to do? The answer is not to drive your prices down. You need to embrace your competition. Make sure that you're one with your competition.
4 Ways You Can Initiate Tough ConversationsCongratulations! You've reached that time in your business where you have to have a tough employee conversation. Yuck. No one likes this, and if you've got a great team behind you (I'm lucky enough to have a team of unicorns) you don't have to have the discussions too often, but it still happens. When it does happen you need to be able to have that conversation. Delivering negative feedback isn't easy, but it's a necessary part of being a manager and a team leader.
Do You Want to Start a Business? If you want to start a business, there are a few keys things that you have to do which apply to all businesses in Australia. You need to get an ABN, register a business name and GST, test your products, find clients, make a business plan, prepare an easy-to-follow structure regarding managing your business and think about further product development.
Bring peace and harmony into your workplace. Today we're going to talk about what's important in the workplace. This could be anything from that coffee machine to anything else that you think people hold value to. I find, for us, there's a lot of things that really just pump up people's spirits. We have a pool table and ping-pong table so that when people are keen on Friday knock-offs, they're able to kick their weekend off with a bit of a laugh.
Some people might think it's your staff. Others, your product. Some people, the relationships that you have with clients. So, what I would like to talk about is what I believe the most important thing in business for absolutely everyone: attitude and knowledge.
When did your IT guy last pay you for downtime?
Work with a Managed IT company who can help you streamline your systems and operations management. Implementing high‐tech solutions to ensure the integrity, uptime and accountability of all internal system processes gives you the assurance that you have continuity.