60% of small businesses will not survive the first 3 years of operation. And the Australian Securities and Investments Commission states that those who failed suffered from poor strategic management, inadequate cash flow, and trading losses. In this video, I discuss the top challenges small business in Australia face and illustrate how you, as a …
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 organizations they work for? Is it because of the pay? The perks—or lack of? Is it because of the culture? Or could it even be because of the business owners themselves? In this 3 part series, I will explore with you the common factors that cause high employee turnover, the strategies …
Why Employees Leave (Part 2 of 3): How can businesses maintain low employee turnover? Read More »
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 »
In this video, I’d like to bring you through a series of questions to help you determine whether you should social media as part of your marketing efforts in your business strategy. The question of using social media for small businesses has shifted from whether a small business should be on social media to how …
In this video, I discuss one criteria on how to spot a business opportunity, two examples of how people took advantage of such opportunity and lessons we can learn from it. I would define a business opportunity to exist when an opportunity is identified to meet a need in life with the possibility of making …
How to find business opportunities in your market Read More »
The Effects of Multitasking and Its Effects on Your Business Like any busy individual, business owners are faced with multiple issues that require attention on any given day. And because we only have so many hours to spend working, we sometimes find ourselves forced to repeatedly multitask to address everything that arrives at our table. …
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 …
Knowing what customers want is one crucial aspect in maintaining and growing your business. How can you provide what your customers want and need if you don’t know what they are? In this day and age, when every business competes for a share in the market, success depends on how much you know your customers. …
Improving a business begins with assessing your current situation. It means revisiting your business plan to see whether goals and milestones are being met. But what if, despite your best efforts, things aren’t getting better? What if your profits aren’t growing at the rate you want or need to be growing? In this video, I …
Successful entrepreneurs share many things in common, some of which include skill sets business owners need that allows them to profitably manage and grow their business. I have worked with businesses across a range of industries, and what I have noticed is that the most successful business owners have mastered a range of skills and …
3 major skill sets business owners need to master Read More »
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 »
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