Category: Business Growth

How to sharpen your leadership skills

Whether you’re running a small team or a medium to large business, leadership skills are critical to business success.

After all, as a business owner you are the master of the ship and those working with you will take their cues from you.

Importantly, leadership skills are honed and refined over time. So let’s take a look at how you can sharpen your key leadership skills.

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Growth with a focus on increased profit

Business operators often concentrate on growth, but it’s not just about increasing output and expanding your business.

It’s also about making your business more profitable and obtaining increased profit.

In fact, there’s an interesting phenomenon that sometimes occurs when a business goes through a growth stage where the profit might actually drop off due to increased expenses.

Known as the law of diminishing returns, it’s an important problem to recognise and address, and it comes down to implementing one of three key strategies.

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Five Signs Your Business Is Ready To Bring On Staff

In every business’ growth journey there comes a point where additional resources and investment will be required. At this critical juncture it’s likely you, the business operator, are working at capacity. It’s a struggle to complete all the small business tasks required and there simply aren’t enough hours in the day to get everything done. It might sound obvious, but this is the point where you will need to bring on staff if you want your business to grow.

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The value of reverse engineering in business

At the heart of any business, there are a series of simple metrics that need to be achieved in order to attain results.  The challenge lies in identifying what those metrics are and then consistently applying the action that is needed to achieve them. Reverse engineering allows you to understand what needs to be done to hit your break even, and then forecast a profit margin.

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Business growth through scalable, repeatable success

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.

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Five business lessons from Amazon founder Jeff Bezos time at the helm

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

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15 expert areas a business coach brings to the table

Just as every business will need an accountant, benefit from marketing advice and call in an IT pro, sometimes the big issues of business require the assistance that only an expert can give. Let’s explore 15 expert areas a business coach brings to the table.

Whether it’s identifying your customer, formulating your business plan or plotting your exit strategy, here are the top 15 areas where a business coach is the go-to pro to furnish you with a second set of eyes, provide a solid sounding board and proffer the best advice.

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How Business Strategist can help you grow your personal and leadership skills

Business ownership requires the wearing of many hats. There’s staff management, customer relations, administration, and forward planning, but not all roles come naturally to all people.

If your forte is the fine print but not the finer details of staff negotiation and leadership, here’s how a Business Strategist can help you build your personal and leadership skills.

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