Sustainable and profitable growth must your strategic intent heading into 2020 and the new 2020/21 fiscal period. I am listing some of the strategic areas where I believe you need to focus which are based on hard experience over the years but are still very relevant for sound budgetary and operational controls. Give existing and [...]
Every business seeks to grow and set themselves apart from competition and/or to become an attractive asset for someone to purchase. There are some fundamental lessons to take on board relative to growth and how to establish these as part of the strategic business plan and/or succession plan. The biggest and most important lesson to [...]
Business is a Journey to reach your ultimate Destination Why would I make a title such as this? Simply because even at this stage of my life I am still learning and adding to my history a huge business success in amongst the losses. I have never looked at my failures as total losses because [...]
After serving on various boards as an executive for over 40 years now, I am fully aware that the management and contribution made by each respective member is critically important. Not just in terms of the decision making process, but in ensuring all decisions are compliant with the respective corporations laws and add sustainable value [...]
Although we are now in the second month of this new fiscal period, there are still opportunities for small, medium and large businesses to strategise and achieve growth and profit as we also enter a period of world economics which could present extremely challenging times. The powers of technology today has also presented business strategists [...]
I have been asked about the underpinning elements of market growth which will set a business apart from the competition and the approach I recommend is as follows: Always work in conjunction with your strategic business plan (SBP) Be aggressive but realistic with your budget without 'blue-skying' projections A SBP will identify immediate opportunities for [...]
After somewhat of an absence from my regular posts I have been stirred into sharing some pertinent thoughts about what the 'Future' will look like and what business will need to do so that they keep in front of overseas opposition. There is no doubt that after spending an inordinate amount of time in Asia/China, [...]
As we prepare to enter the new fiscal period it is essential to review current operational results whether you are experiencing a loss, breaking even, or making an acceptable profit, a critical part of the review process must include an accepted 'Vision for Change' Michelangelo stated, 'The greatest danger for most of us is not [...]
WHY SOURCE OFF-SHORE? We need to respect China But Not be intimidated by China!! FOR EXAMPLE Costing comparisons between China and / or India and Australia will be cheaper, but, how much cheaper? CURRENT COST (China) REALITY COST (China) Quoted Piece Price Freight (slow) Additional Inventory Carry Cost Safety Stock for Uninterrupted [...]
One of my continuing successes in business coupled with my passion for Australian industry and their ability to compete on the world stage is the ability to assess operational aspects including costing with a view to lower cost to the market place but still improve profit, growth and sustainability. A great many of the businesses [...]