Growing a Business Articles
Growing your Australian business is important for the survival and economic well-being of your business. One way of growing your business is to get new customers. However, the customers you already have can be a better and more cost-effective option for increasing your sales, as they are already buying from you. Another worthy option is to acquire more business through business acquisition for growth where you buy a business or competitor.-
Learning from business failure
Learning from business failure
Lessons to learn from business failure No one sets out to fail, but the reality is a number of small businesses will. However, failure can be a great teacher. The trick is to first identify the lessons failure... [more +]
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Utilising small business downtime
Utilising small business downtime
How to make the most of your small business downtime For most businesses, the lead up to Christmas can be chaotic to say the least. There’s always a drive to cross the Ts and dot the Is before the end of the year... [more +]
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The power of testimonials
The power of testimonials
Never underestimate the power of a great testimonial No matter how, where or how often you advertise your business, it’s only when a genuine customer endorses it that people actually sit up and listen. I... [more +]
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The importance of business execution and discipline
The importance of business execution and discipline
Discipline or execution - which comes first? If you are well disciplined, you get things done. If you’re good at execution, you get the right things done. Therefore, both discipline and execution are essential to busi... [more +]
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Top 5 recruitment tips for small businesses
Top 5 recruitment tips for small businesses
This may sound controversial, but your employees are actually more important than your customers. Here’s why: they are the face of your business, they can singlehandedly drive your business to reach its goals, ... [more +]
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Budgeting tips for small businesses
Budgeting tips for small businesses
Budgeting tips for small businesses If you’re like most small business owners, you know your trade – you’re passionate about your business and you know your stuff. But, how are you at bookkeeping – ... [more +]
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How your small business can take on the corporate giant and win
How your small business can take on the corporate giant and win
A small business lesson from David and Goliath... You know the story – small shepherd boy beats giant in what should have been a very one-sided battle. The giant has all the advantage – size, strength, resou... [more +]
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Using the three Rs to increase the value of your business
Using the three Rs to increase the value of your business
The holiday season is a great time to Reflect, Recharge and Refocus – it’s not just good for your soul, it’s good for your business too. Asking a few philosophical questions will help turn you... [more +]
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Adapt your business to survive
Adapt your business to survive
First it was plastic bags, then straws and, watch out balloons – we’re coming for you next. We are in the middle of a plastic pollution revolution. The consumer response to this revolution is swift and the ri... [more +]
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Keeping cash flow positive
Keeping cash flow positive
...and how to get paid on time Positive cash flow is critical for small businesses to stay afloat. Even if business is good, customers are plentiful, they are happy and they’re spreading the word, if they’re no... [more +]
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Future proofing for business survival
Future proofing for business survival
What is normal for us today was the stuff of dreams in the past. The way we shop, how we get information, our expectations as a customer or client, right down to how we pay – everything has changed, and is still chang... [more +]
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Small business change management
Small business change management
Change is inevitable, growth is optional - how small businesses can manage change successfully... Change in the business environment can be disruptive at best and destructive at worst. It can be driven internally (for exa... [more +]
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What keeps small business owners up at night
What keeps small business owners up at night
The worries keeping small business owners up at night Running a small business is no easy task. There’s always something that needs to be done and always something to worry about. But worrying won’t fix anything.... [more +]
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Managing the highs and lows of a seasonal business
Managing the highs and lows of a seasonal business
Australia is a country for all seasons. We can have hot dry summers, cold harsh winters, and everything in between. Almost all businesses experience fluctuations like the weather patterns too. For some, there are smal... [more +]
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Competition is good for business; 5 reasons why
Competition is good for business; 5 reasons why
The Olympic Games are in full swing, and they’ve got us thinking about competition. Although it doesn’t always feel like it, competition is actually good for business. Just like the kid who always beat you at sch... [more +]
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Tips for going it alone with your small business
Tips for going it alone with your small business
Here are some great tips that will help you go it alone with your small business As of June 2015, 61% of actively trading businesses in Australia had zero employees.* That’s hundreds of thousands of business owners... [more +]
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How to bring on customers at no cost
How to bring on customers at no cost
How to bring in customers without spending a cent Advertising is big business. According to media agency ZenithOptimedia, the Australian advertising market is set to hit $13.5 billion in 2016. For small busines... [more +]
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Six financial tips for small business owners
Six financial tips for small business owners
A business can’t survive on passion alone – it takes hard work, patience, business-nouse and, sometimes, knowing who and when to call for help. But the rewards for those who succeed are great. According to the ... [more +]
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Recognising the potential of your brand ambassadors
Recognising the potential of your brand ambassadors
Business brand ambassadors and harnessing their potential The right celebrity can make anything look sexy – and there’s no doubt about it, sexy sells. Jennifer Hawkins did for Myer, Rebecca Gibney did it for Ninte... [more +]
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Do I need a Business Plan?
Do I need a Business Plan?
The dreaded business plan ... do you even need one? “By failing to prepare, you are preparing to fail.” No doubt you’ve heard it before, but two centuries later, Benjamin Franklin is still right and there a... [more +]
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Do you know what business you are in?
Do you know what business you are in?
Remember Kodak? At its peak, Kodak captured 90 percent of the US film market and was one of the world’s most valuable brands. So what happened? It wasn’t because it failed to keep up with the digital age; Kodak ... [more +]
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Avoiding business burnout - stay in the race
Avoiding business burnout - stay in the race
Business is like a racetrack... your horse is the company and you’re the jockey. But, despite the adrenaline rush and excitement of the race, the horse can become tired if it's not nurtured and the rider slack in t... [more +]
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Growth through business acquisition
Growth through business acquisition
To up-size your business, it pays to look outside of the square. Growing your business through business acquisition can be a much faster, safer, and cheaper option than increasing revenue organically. One of the most effe... [more +]