Did you know that there is a connection between how your business structure morphs and adjusts based on your strategy? To provide context, I will use Zappo’s as an example and how its strategy determined its business structure. Zappo’s is an American billion-dollar e-commerce company that has been known to defy traditional business principles, such …
{The following is a summarised transcription of the video} In my experience working with businesses, I realize that there is one asset that many business owners fail to take into account and manage properly is their own time. Unfortunately, time is a business owner’s most important asset—and it is also an asset that cannot …
Managing your business’s most important Asset – Your time 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 »
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 …
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