A strategy is required to ensure that the overwhelm that can flow off the back of this ‘silly season’ is minimised. This way a business can say ‘yes’ to the work that is important, ‘no’ to work opportunities that don’t fit, and generate the profits required for the business at the same time.
As we head into the new financial year it is a perfect time to review, reflect and reset the financial foundations of your business. In this article we will discuss who could be on your financial team to help you with important financial decisions on your business journey.
You see innovation is just asking a really simple question. The question is: "How do I serve my customers even better than I did yesterday?"
If you are looking to serve and deliver value to your customers even better than you did yesterday and looking at the way that you can modify processes, your product, and upgrade your people, then you are an innovator.
Over the last three to four years, there has been an increased focus from business owners on boosting team and labour productivity. With rising costs, getting a return on labour has been more important than ever. Various methods have been tried such as providing financial incentives, working on healthy lifestyle practices, skill training, team building days and personal development.
How much time do you invest in understanding and creating pricing models for your business? The reality is many business owners in the trade and construction industry are ‘winging it ‘when it comes to their pricing and in the process are compromising the ability of the business to generate consistently high profit margins.
A simple 1-Page Plan (1PP) makes it easy for everyone in the company to know where they’re going and what they need to do to get there, without being bogged down by an overly complex business plan possibly riddled with unclear and even contradictory statements. Here’s what a 1PP can look like.
