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Growing
  • February 27 2017 A solid case for process improvement: more than a vague promise of happier customers

    Fifty years ago, running a company was a much more predictable business. There was less competition and customers were generally content to make their purchasing choices based on what you had on offer.  If you were a leader in your market, the odds were you’d still be leading the pack ten years hence. Today, executives Read More…

  • February 13 2017 How harnessing digital strategy helped a Melbourne SMB grow 1266% over five years

    1266% revenue growth. Business sale ROI of 10 x the purchase value. $1.25m profit. Yield growth of 293%. These are numbers many small to medium business owners could only dream about. However, it’s what one business, Cleanawater, achieved in just 5 years. How did they do it? By investing 6.56% of the business’ turnover into Read More…

  • February 9 2017 Telstra Business awards alumnus credits win with ‘fast-tracking’ his company’s growth

    Entries are now open for the 25th annual Telstra Business Awards, which recognise the achievements and entrepreneurial spirit of small to medium businesses and charities in Australia. Telstra Business Group Managing Director and Awards Ambassador, Paul Tyler said each entrant will receive a comprehensive ‘business health check’, which benchmarks their performance against industry standards and identifies Read More…

  • February 7 2017 Five ways to support your growing micro-business

    Commonly defined as enterprises employing nine or fewer people, “micro-businesses” are big players on the business stage. In 2013, they accounted for 14% of all businesses newly opened in Australia, but only 9% of businesses shutting down[1]. Any new business will face its share of growing pains. When you’re trying to grow your business without Read More…

  • February 1 2017 Command and control style leadership will become kryptonite as your business scales

    It’s a familiar tale: a small business gets off to a flying start…and then growth stalls. Sales plateau, staff morale falls and the company’s leader feels frustrated at his or her seeming inability to take things to the next level. Often, this is caused by the leader’s failure to adjust their leadership approach from a directive Read More…

  • January 24 2017 A permanent $20,000 instant asset tax write-off for businesses tops SME wishlist, MYOB finds

    Seven in ten small businesses want the $20,000 instant asset tax write-off to continue past 30 June, this year, when it is due to expire, according to accounting software provider MYOB. The latest MYOB Business monitor, a bi-annual survey of more than 1,000 small businesses, asked operators what policies they would and wouldn’t vote. MYOB Read More…

  • January 16 2017 Don’t let new year goals destabilise growth

    A new year inevitably leads to new business goals but what many SME owners don’t realise is that these goals could trigger compulsive behaviours and actually stunt a company’s growth. There are only two types of goals business owners make – objective and subjective – the latter will negatively impact profits and workplace culture. Subjective Read More…

  • December 8 2016 Five way to evolve your SMB through feedback

    Business development involves activities that enhance the value of your brand, such as capturing market share and nurturing relationships with internal and external stakeholders. Regarding the latter, without feedback from clients and employees, it will be difficult for organisations to determine the direction business development should take. Here are five ways to attain your business goals through feedback: Improve Employee Workflow Read More…

  • November 30 2016 Australian small businesses must innovate to win

    Innovation: it’s a buzzword commonly heard in the realm of business, and for good reason. Entrepreneurs are encouraged by their mentors to innovate; the word appears in slogans and taglines across the web. So just what is innovation, and why is it so critical to the success of your small business? What is innovation? Most Read More…

  • November 14 2016 How the magnificent seven can increase profitability

      When reviewing the financial performance of a business, the primary measure I look at is Return on Capital Employed (ROCE). ROCE not only measures the profitability of a business but also the efficiency with which its capital is employed. In Laymen’s terms, ROCE works out how much bang for your buck you’re getting out Read More…

  • October 28 2016 Steps SMEs should take to secure export success

    Small businesses often have specific financing needs and may require funding support to compete in international markets or to fulfil export-related supply chain contracts. For businesses trying to navigate that next growth phase into an overseas market, there are a number of differences between exporting and operating in Australia which will have an impact on Read More…

  • September 22 2016 A recipe for success: growing your business with a dash of streamlining and a pinch of automation

    Any inefficiencies within your business can eat away at your bottom line and makes things a lot harder than they should be, which why it makes sense to find some ways to streamline your operation. There are many aspects of your business to evaluate from using an international parcel service to keep control of your Read More…

  • September 16 2016 Best interest rate on my business loan?

    With the emergence of a range of new funding sources for small and medium sized businesses, it’s crucial to understand what your company’s debt funding options are and the most competitive interest rate you will be able to obtain. The following sets out the broad categories of the different funding options for businesses and the Read More…

  • September 13 2016 Deliveroo’s Perth expansion has opened up doors in other states, says country manager

    By expanding its on-demand food delivery service into Perth, Deliveroo has created new opportunities for growth in the other Australian capitals where it operates, according to country manager, Levi Aron. Founded in 2013 by William Shu and Greg Orlowski, the London-based company hit it’s 100th city milestone, last Tuesday, when it launched in Perth. Deliveroo’s Read More…

  • August 31 2016 Aussie SMEs slow to expand overseas: survey

    Despite globalisation removing barriers to overseas expansion, it appears that SME owners are not yet convinced of the benefits. Recent data from Bentleys, a mid-tier accounting and business advisory firm, found that only 19% of Australian and New Zealand businesses operated in overseas markets. The latest The Voice of Australian Business survey, a bi-annual national survey of SMEs, revealed that a majority Read More…