How do you know your business is in a position to increase what it charges for products or services? Well determining that isn’t as tricky as it sounds, and
At some point in our career most of us have worked with a toxic staff member. And if you’ve had that misfortune you are well and truly aware of the damage just one person can cause when it comes to culture and morale in a business. But what should the business leader...
Taking a business to the next level is not without its challenges. Chances are it involves the owner stepping back from the front line while extra staff right be required to carry the load of day-to-day operations.
Meanwhile, adding extra services, products or locations to your business offers the potential for both an increase in revenue and earnings, but also for costly mistakes.
That’s why it’s important to ensure you have the foundations for growth right from the outset. So, let’s talk about how this happens through scalable and repeatable success.
Business owners often believe they have a people first culture, but do they really and what does that mean?
The reality is positioning the people who work within your business as the priority translates to better customer service and ultimately a better bottom line.
So how do you ensure you’re truly putting people first?
Business growth is often the biggest priority for every business operator. After all, growth equals more revenue, right? Well yes, but only if you have the correct structure in place before you take the next step.
So, let’s examine the five things you need to have in place before your business can grow…
As Amazon founder Jeff Bezos readies to transition from his role as CEO to executive chairman, it’s a timely opportunity to reflect on the business legacy he leaves behind.
After all, this was a man who started an online bookstore in his garage before going on to run one of the largest companies in the world.
With that in mind, here are five business lessons from Jeff Bezos time at the helm
Process and procedure – it’s the fine print of business; it’s the nuts and bolts of how we go about business and an often underrated essential ingredient for business success. These are the three reasons process and procedure matter and why no business should be without them.
After 30 years as a business mentor and as a business owner myself, I’ve encountered some common themes along the way when it comes to issues in business. From poor communication to lacking clarity there’s a number of pitfalls that business owners don’t even know they are sliding into. So here is my short list of the seven issues likely to affect business.
Each day we set goals in life, the little lists that run through our heads at 4am, or the big aims we hope to achieve like buying a house, paying down a loan or taking the kids on a well-earned holiday. In business hopes and dreams are no less important, but often fade into the background of day to day management. It’s all about goal setting, and it’s something a coach can help you with. Here’s why it’s so important to your business
One of the greatest challenges for any business owner is to take a big picture approach. With demanding schedules, competing needs and the daily routine of working in your business it can be hard to step out of the management role and see the wood for the trees, to ask and effectively answer that all important question; where to from here?
Whether it’s time to sell or time to hand over the reins to the next generation, successfully exiting your business is just as important as entering it. It’s a process that requires planning, preparation and organisation to ensure the asset you have built truly displays its worth.
When it comes to business, too often business owners become bogged down in the day-to-day running of things. We get caught up in the operation but fail to look at the big picture of what we hope to achieve and how. Success can be whittled down to a number of factors by answering some pertinent questions. These are the questions a business owner should be asking in order to achieve success.