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 …
Are there times when you aren’t sure where your business is heading? When all but anything you try doesn’t seem to be working out? At this point, you probably feel that you need to take on a different perspective and expand your knowledge. But like any business, you are also considering costs and how making …
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 »
Are you in a business where it is a limited niche market? I’ve come across businesses whose market is so specific that their ideal customers are not easy to come by. In fact, in certain scenarios, doing business in a niche market does not make spending much on advertising feasible at all. Businesses in these …
How to Grow Your business with the Same Clientele Read More »
Why do businesses fail? According to the Australian Bureau of Statistics, more than 60 percent of small businesses cease operating within the first three years of starting. It’s a frightening number, and one that I hope will not discourage you to start with a new venture or persevere with your current business. I would like …
In this video I’d like to share with you the reason why every company, be it Sole Trader, Partnership or Proprietary Limited should have their own board of directors; and its benefits to you as a business owners and its organisation. The role of the board of directors in the company is to represent the …
Most of the companies tend to see that the team is the most valuable assets and all other physical assets are secondary. Is that really the company’s most valuable asset? An asset is defined as ‘Anything tangible or intangible which is capable of being owned or controlled to produce value and is perceived to have …
Hiring people to expand your team is something that you will need to look for consistently as your business grows in revenues and turnover. However, if you are to hire the wrong person into your team, the cost of doing that can quickly escalate. Tony Hsieh, the CEO of the online company Zappos which …
Rapidly Growing Business – How to hire the right people in your team Read More »
All of us who have had a business always thinking about business or wants to start their own business will expect our business to thrive if you do the right things. When your business continues to grow, it will reach a point where maintaining a relationship with your customer or your clients can be challenging. …
Rapid Business Growth – Losing touch with your clients 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 »
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