It’s no secret that starting your own business is a tough and generally takes time. There is a high rate of failure when starting up your own business. Fund Squire reports that in 2019, 20 per cent of businesses failed in their first year, and a staggering 60 per cent failed within the first three years.
Before you become another business statistic, here are top five tips to consider when looking at making your business dreams come true.
Taking on leadership roles can be a tricky one. Not anyone can climb into the managerial role and lead a team to greatness. I feel leaders themselves should have strong values, ethics, and morals in order to get the best out of their team. They should also have goals to aim for, where they currently are, and how to fill the gap in between.
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We constantly hear people talking about leadership these days; but what does it take to be a leader? Does it mean that they are the best at what they do?
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There has been a huge increase in the number of people working remotely due to the pandemic and lockdowns, and we know that the more we work online, the more ‘virtual clutter’ we create making us more distracted and less productive.
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A high performing team lives and breathes the values of your business. They demonstrate these values in the attitude they bring to their work, in how they communicate as a team, with other team members and with customers and suppliers.
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Much has been said about setting a team culture, coming from heart, sorting out who you stand for...
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From the outside it may seem that every business has a different recipe for their success. Whether...
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Effective management is great, but efficient management is better! Because while effective management just gets the job done, efficient management allows you to create a lean-built business that gives you space to actually work on the business and therefore grow.
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An employer may find great benefit in using casuals: greater flexibility, no benefits other than superannuation (in certain circumstances), just a degree of casual loading on the hourly pay. However, changes introduced to the Fair Work Act in March 2021 now give casual employees the right to be moved to permanent employment.
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A strong business, with sound leadership and quality management, a safe workplace with clearly defined employee roles and expectations – these things are a given, and are the foundations of workplace satisfaction. However, that marvel tool of management, employee recognition, now almost requires that employees’ needs be listened to, and addressed. That said, it is a two-way street, but mutual regard, respect, and understanding between management and staff can be a powerful catalyst to a thriving business.
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In an era of incredible uncertainty, the past 18 months has seen many business owners face challenges they could never have anticipated. On again and off again lockdowns mean goals are quickly revised and contingency plans need to be in place. But the current situation is far from the only challenge business has faced, and when it comes to the businesses who navigate it best, great leadership is always a common theme.
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While remote working or the work from home culture was still in place in many organisations before, the pandemic has undoubtedly played a vital cog in making it much more mainstream. Both organisations and professionals across the world are taking this work arrangement much more seriously today.
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