To manage a successful business cash is the life-blood it needs if it wants to keep operating and there are so many instances of companies failing because they ran out of cash. Some of the many reasons I hear of failures due to cash shortfalls have been: Bills to pay and no cash to pay [...]
We must ask ourselves 'What is managerial output? In reality, a managers output can only be measured by the performance of his subordinates. As a business consultant skilled in business development and improvement my approach consistently generates a capacity within organisations to achieve and maintain high levels of competitiveness in a global context. This approach [...]
In today's rough and tough business world and our (Australia's) ability to compete on the world stage, one important aspect of struggling businesses that I have experienced is that they have lost a focus on enhancing all employees quality of work life. Can I also say that one of the main reasons for this is [...]
Businesses fail because their respective leaders and/or managers fail. Sadly there are many thousands of businesses which succumb via a bankruptcy or insolvency route simply because of a few basic but yet simple causes depending on the specific nature of the enterprise. No business or enterprise is immune from these failures and as I have [...]
As a manager you have a prime responsibility to achieve results through people, and yet, however sound your ideas or well reasoned your decisions may be they will only be effective if they are transmitted correctly and succinctly resulting in the desired outcomes which are 'value-adding' to all parties. Communication is one of your most [...]
Let Cost reduction and Cost avoidance be vital strategies which are incorporated into a successful business plan for 2020 and beyond. No matter what your business is or what it deals in, the principles for success are all the same. There is no such premise as 'But we are Different' - This approach is just [...]
How to manage your day-to-day cash flow Do not attempt to grow your business out of cash flow Forget profits and turnover: cash flow is the lifeblood of any business. It's important to keep in the black. Learning this early on will put you and your business venture in good standing for the future and [...]
Reviving Australia’s Economy From a business perspective everyone needs to look for a progressive revival of Australia’s economy and not be self-interested in the ‘what’s in it for me’ syndrome. I believe the governments focus on a budget surplus is correct, however there needs to be strategic intent by including plans for overall tax reform [...]
UPGRADE YOUR SECURITY Just recently I have had the privilege to visit some best practice companies throughout Australia and there are several which stand out from the rest and which I can highly recommend you consider. One such business is Gates Galore – www.gatesgalore.com.au There’s actually a revolution underway at Gates Galore where demand for [...]
As business owners/managers it will be so important to now ensure you are looking at the preparation of a 2020/21 fiscal year budget and in doing so you would be consolidating the current 2019/20 performance which will then set the scene for going forward. Budgeting can be a daunting activity however a budget is the [...]