Today Is A Great Day To Launch Your Business
Plans may have been in the woodwork for a while to set up your own business. But it remains that, just a plan! Why? Perhaps you haven’t got the time, you say to yourself. Maybe you feel you are not ready to tackle the uncertainty of being an entrepreneur. Or do you have doubts about the legitimacy of your business plan? If you think long and hard about it, there are tens, if not hundreds, of excuses for not setting up your business today. It is vital you understand there is a huge difference between a real business concern and an excuse. Having a concern is reasonable but using them as excuses to hinder your goals, will ensure that it never gets off the ground. Instead, you need to understand the importance of minimising those worries and opening those doors. More individuals than ever before – of all ages – are saying goodbye to the traditional 9 to 5 jobs and establishing a business. And thanks to technological improvements and increased marketing opportunities, excuses not to do so are becoming less relevant. Fewer start-up costs for modern business owners Opening a business back in the day was a costly exercise. Today...
Read MoreEmbrace Technology To Stay Ahead Of Your Competitors
Whether you are a fan of technology or choose to fight it at every turn, there is no denying that it can be useful for your business. And if last year was anything to go by, this year is going to show that SMEs are relying on technology more than ever to stay ahead of their competitors. More Reliance on the Cloud A greater number of applications will continue to move towards the cloud and businesses will store more information in the cloud services reducing the need to spend as much on storage and backups. From Xero to DropBox, many companies are adopting more apps and services which take advantage of the convenient storage the cloud has to offer. Office applications such as Google Docs and Microsoft Office 365 are making the switch to the cloud easier than ever. An Increase in Apps for Smartphones While businesses are resorting to the usage of apps on their Smartphones to conduct business faster and more efficiently, this year will see many more organisations designing their own apps to take advantage of the billion dollar industry. Competitiveness, better customer experience and an increase in sales are the main reason for the growth...
Read More5 Ways To Get Organised For The New Year Ahead
2016 is quickly coming to an end. Give yourself the very best Christmas present this year – peace of mind through organisation. Remember that empowering feeling when you can finally see the top of your desk after it’s been buried in paperwork? Recall the joy of an empty inbox? No? Then you’ve obviously been letting things slide. It’s time to get organised. Read on for five handy tips to help you wrap this year up with a big, red bow and start 2017 with a clean slate. Prepare to be the most effective and efficient you, that you can be! Ditch the Paper and Get Organised Tackle that stack (or stacks) of paperwork in your office. Create three piles, “To Do”, “To File”, and the all-important WPB, “the Wastepaper Bin”. Throw out what needs to go and sort out the rest in order of priority. Next, assess the clutter on your desk and donate or toss anything that is redundant or you haven’t used in the past year. Pro Tip: Use a receipt management scanner or app to digitally file all of that pesky paper. If you’re old school and you want to stay that way, purchase an expanding file...
Read MoreHow Important Is Creativity In Your Business?
It is easy to believe that creativity should be left to the departments which require a high level of creative thinking such as marketing and graphic design. Realistically, however, creativity is a vital part of each unit, even in such areas as accounting and human resources. Why do you need creativity in your business? Without creativity, your business is not able to outperform their competitors. You are at a high risk of attaching yourself to unhelpful or effective routines which have the potential to limit your success and growth. Creativity can lead to winning marketing campaigns and an increase in sales. It can also build a tight-knit organisational culture that is based on and encourages creativity within each team. A cross-departmental approach may need to be undertaken to ensure that “creativity brief” is understood by all departments. It is the large number and diversity of ideas that will give your business a greater chance to succeed. Freedom of expression in a business environment naturally opens itself up to a high level of creative thoughts and actions. Don’t restrict the potential of your staff, or yourself, for that matter. Acknowledge that creativity is an important part of your business? While...
Read MoreDebt Chasing – The Long Wait To Be Paid
Cash flow makes small businesses go round and without it, you have a huge challenge on your hands just to stay afloat. You probably have at some point had to face the issue of late payments – hopefully, it was not too serious, and the bill was settled within a week or two at the maximum. In all seriousness, however, things can get complicated when companies fail to pay on time, and the problem can have a knock on effect to you, your business payments and the growth of your business. The scary thing is that a huge 24% of small and medium-sized businesses say that they have had to wait more than six months for an invoice to be paid. Thanks to data collected in a recent Sensis Business Index survey, we can see that Australian businesses are, on the whole, failing to pay their invoices promptly. While six months is at the extreme end of the situation, 63% of businesses confirm that their invoices are paid late with 65 confirming that more than ¾ of their invoices are paid late. And at the top of the late paying list; manufacturing, construction and wholesale businesses. Late paying clients...
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