The latest news and advice for business owners
Working in a family business is both rewarding and challenging, but also has many advantages. The wisdom of generations and shared understanding of goals and frameworks can be a competitive advantage, members of the family can benefit from shared wealth creation and employees often experience better work-life balance and flexibility within the workplace.
The year has certainly presented some highs and lows for businesses, and with June 30 coming up fast, it’s time to take a look at getting ready for the end of the financial year.
This edition we look into the rise of smart software to drive your business efficiencies, whilst improving your performance. We look at the key tools all businesses should be adopting.
In recent decades, the Australian economy has become more linked to the world economy. This globalisation more closely links Australia’s domestic markets and level of economic activity with those around the world.
Starting a small business is a bit of a gamble entailing a number of risks, from start-up and execution to maintenance. The question is; do SMEs really know what it takes to mitigate business risks which can affect operations, increase expenses and reduce profit?
In order to ensure smooth operations and continuous growth, companies should prioritise the task of effectively managing their employees to fi ll key leadership positions.
Given the difficulties of the current economic cycle, the thought of acquiring another business is probably not on your radar. However, acquisitions can be, and have long been, an excellent way to quickly increase revenues, expand products or service offerings, improve market reach and increase the value of your business.