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A recent Dun and Bradstreet statistic suggests that 88.7% of small business failures are due to management mistakes.
Don’t let the stresses & responsibilities of owning your own business cause you to lose track of why you went into business in the first place! Click here to find out how you can qualify for a FREE TWO HOUR business review that will empower you to develop a strategic approach to growing your business on solid foundations and with the full buy-in of your staff.
Many people start their own business and then discover there’s vastly more to do than they ever imagined. Most tasks such as bookkeeping, customer service, sales and marketing fall to the owner, regularly requiring long and exhausting hours. Most business owners are also responsible for the frustrating role of being the fire fighter, constantly fixing issues that their staff, while in most cases good intentioned, create on a day-to day basis due to lack of training; lack of care or, from a business owners perspective, general incompetence. It’s no wonder that 95% of small businesses owners, though being initially excited at the prospect of being their own boss, inevitably shut their doors within just 5 years.
Risk taking for SME’s is still out of vogue. Banking giant Westpac has been more than willing to lend money to SME’s, but it seems that the only companies who are keen to take the bait is medium-sized businesses where demand … Read More
Multi-millionaire by age 25 and ready to retire at 27, Kirsty Dunphey shares her top tips on what makes a great manager. Seek anonymous feedback from staff, recognise employees in a meaningful way, and put to use the skills that … Read More
Most business owners take the term ‘selling up’ rather lightly. It is surprising how many businesses are sold without being given a rigorous once over. Evaluating every nook and cranny may seem like a lot of hard work but in … Read More
Does the thought of going on holiday fill you with dread? Not just the actual holidaying itself of course. But the leaving behind of your pride and joy – your business. Because of course, you have everything under control, you … Read More
You’ve made a decision and you’re selling up. The trouble is with selling, is that you can never be sure whether or not the value of your business is going to be attractive to prospective buyers. There are a number … Read More