Bunnings is a popular Do-It-Yourself (DIY) hardware store brand that is beloved for its tools and do-it-yourself solutions. However, a recent business decision made by this company resulted in a loss of over $1 billion. In this video, I discuss what this mistake is all about, what we can learn from it, and how this …
Why do people leave the organisations they work for? Is it because of the pay? The perks? Or the lack thereof? In this three-part series, I will explore with you the common factors that cause employee turnover, the strategies you can use to counter these factors, and, finally, focus on how to deal with a …
Why Employees Leave (Part 1 of 3): What causes high employee turnover? Read More »
Great Business Series // Moleskine on staying relevant When your business is under threat and new technology provides an alternative to your core product, what do you do to survive, stay relevant, and still manage to grow? What is Moleskine? Moleskine is a French-designed notebook with a legendary pedigree, known to have been used by …
Have you ever wondered why some businesses grow exponentially, and why some businesses fail to grow at all? Based on my experiencing working with businesses, I find that there are three general reasons that impede the growth of a business. Reason #1: The mindset of a business owner. There is a difference between an entrepreneurial …
3 Things That Can Impede the Growth of Your Business Read More »
I am often asked what are the key traits I have identified in successful businesses that I have worked with. One vital aspect I have noticed in all of them is as follows: Their willingness to explore new opportunities in order to take their company to the next level. This proactive, open-minded outlook tends to …
In 2014, Nest Labs, a company that produces smart learning thermostat systems, was bought by Google. Nest Labs’ competitor was Vivint, which produces similar systems. When Google was bought by Nest, it became apparent to Vivint that it would not only be competing with Nest, but also with Google. This posed a problem for Vivint. …
What to do when your business depends on that one thing Read More »
Hello there! My name is Raymond Huan, and if you think that by increasing the sales of your business it will solve all of your problems? You’ve got to think again. In this video, I will share with you the dangers of doing that and how you can overcome that. If you think increasing the sales …
Think that increasing your sales will solve all your problems? Think again. Read More »
Hello! My name is Raymond Huan and in this video, I’d like to share with you the dangers of not understanding your business from a financial viewpoint, its consequences and what you can do to overcome it. I have encountered businesses owners who have some semblance of knowing how to read a financial statement of …
Rapid Business Growth- Not understanding Financial Statements Read More »
If you allow your account receivables to outrun your growth, it could lead to the demise of your business. I will show you the facts of allowing that to happen and how you can overcome that. But before we continue with this video, allow me to define what an account receivable is. An account receivable is …
Rapid Business Growth – Allowing Acct Receivables to outpace Growth Read More »
In managing a business, mistakes can and do happen, but if you do go about making decisions the right way you will maximise the possibility chances of you making the right decision, given your business and given your resources. We all know that making mistakes is part of growing business just like in life. The more mistakes we make …
Few feelings are more enjoyable than the sensation of having a great idea. However, all too often, our most innovative thoughts are lost forever – simply because we allow distraction to get in the way. Everyday life takes our mind elsewhere, and before we know it, the great idea is lost forever. This is especially …
Why do Ideas Fail? When They’re Not Geared Towards Action! Read More »
Stubbornness isn’t always a negative trait. In fact, in some circumstances, it can actually help your business to flourish. However, being obstinate in the wrong areas can serve the reverse purpose by holding your company back and preventing it from achieving its full potential. So how can being stubborn assist and hamper on your business? …
Is Your Stubbornness Holding Your Business Back or Helping it Grow? Read More »
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