Credit cards provide several advantages that include the ability to conveniently make urgent purchases and avoid carrying cash around with you. They protect you from fraud and provide the opportunity to receive worthwhile rewards when you buy certain items. While enjoying the advantages of owning a credit card, you also need to handle it responsibly.
Did you know that the typical small business has an average lifespan of 4 years (ABS 2013)? There are a multitude of reasons why small businesses go out of business but generally there are two key issues – lack of access to capital (investment funds, loans or revenue from sales) and inability to manage costs […]
Popular wisdom holds that young, aspiring entrepreneurs needn’t bother to earn an MBA. It takes time and money to earn a Master of Business Administration, and most middle-management types can get their companies to pay their tuition at some point during their careers. If you want to start a business, on the other hand, you […]
Management skills are just as essential for small business owners as they are for corporate employees. They’re what help a small business owner successfully delegate the right tasks to the right employees, and they’re ultimately what make a successful small business grow and thrive. But too many entrepreneurs don’t know what they’re doing when it […]
There was a time, not so long ago, when leadership coaching was only for struggling businesses. But times have changed, and now leadership coaching is recognized as a way to help even high-performing businesses grow faster. Leadership coaching can help you get some perspective from an unbiased third party, help you vent emotionally, and give […]
According to the U.S. Bureau of Labor Statistics, the 10-year survival rate for small businesses founded in 1998 was about 37 percent. That means that nearly two-thirds of small business owners will experience the failure of the business they’ve worked so hard to nurture. All small business owners will experience some degree of failure in […]
All businesses desire a rising productivity graph. And this rise is possible only when you have competitive employees and smart strategies in place. But how does one achieve these two elements? In order to keep up with the ever-changing market scenario and to upgrade employee potential, regular trainings are a requisite.
Regardless of how large or small your business may be, data is an essential aspect of running it. The loss of business data can end up costing you a lot of money. Many businesses rely on online data backup for data protection to ensure that their valuable information is secure from theft, damage or the […]
The benefit of regular (preferably weekly) team meetings should NEVER be overlooked. From a results-driven point of view through to team morale and a common purpose, these meetings can be pure gold for your business. Some businesses we come across don’t have regular meetings with their team. It’s just not something they’ve thought of, or […]
You want the business to grow. You know how hard the sales and marketing teams work to get new customers. You know how long it takes to tempt clients away from your competitors. Yet, at times there’s an attitude of inevitability that when you lose a customer there’s nothing to be done.