Growth is a good thing—until it is not. In this video, I discuss why growth for the sake of growth may be a bad idea for your company—and what you can focus on instead. What is good—and what is wrong—about growth? One of the more common growth strategies include product lines extension and business diversification. …
How growth in your business can make you worse off Read More »
The common belief is that employees are motivated when they are rewarded for their good behaviour. However, this may do more harm than good. In this video, I explore how reward systems and policies can be discouraging the behaviour you want from your team. Can rewards motivate behavior? In a recent study on organisational behavior, …
How an employee reward system can curtail productivity Read More »
While over 70% of Australian businesses are family run, did you know that only 30% survive the transition from first to second generation and just 12% making it to the third generation? In this video, I explore succession issues that affect family-run businesses, and how they can address these to ensure that they not only …
How To Keep The Entrepreneurial Drive In A Growing Family Business Read More »
Is running your own business starting to wear you down? Do you feel more exhausted and more fatigued lately? In this video, I discuss one of the biggest challenges that business owners face today—entrepreneurial exhaustion and how you can overcome that. Why is entrepreneurial exhaustion bad for business? Investopedia.com lists entrepreneurial fatigue as one of …
What does it mean to be innovative? And how can small businesses become innovative? In this video, I discuss what it means to have an innovation mindset and provide examples of how businesses—even small businesses—can be innovative. In recent years, many experts have lauded the importance of having an innovation mindset in organisations. And evidence …
Why being open to innovation is good for your business Read More »
We’ve all heard of the phrase, “Customer is King.” In this video, I challenge that notion and explore how one company’s policy shift that placed a focus on improving employee conditions resulted in increased productivity and higher overall sales. “Clients do not come first. Employees come first. If you take care of your employees, they …
How stable working hours can improve your business Read More »
In this video, I discuss the myth that when businesses grow faster than usual, employees tend to get overworked, which leads them to either leave the company or to experience productivity declines. Today, I will bust that myth and discuss plausible explanations of why this happens and how your business can prevent these from happening. …
Are you one of the many business owners who wonder why growing your business seems very difficult? You ask yourself—why won’t my business grow? Why am I having a hard time in trying to expand my operations? In this video, I discuss one factor that significantly impacts how much and how fast your business grows—and …
Your business can only grow as big as you can manage Read More »
In this video, I talk about why you should consider creating a mentoring culture in your business and how you can go about doing that. Do you really need a mentor for your team? Do you need to mentor your team? Isn’t operating a business making you busy enough as it is? Why do you …
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 3 of 3): How to deal with a heavy work load Read More »
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