How to Scale Your Business with Minimal Effort
If you want your business to grow, at some point you’ll have to think about scaling it. Scaling it isn’t exactly the same as growing it, though they are often used interchangeably. Growth refers to adding resources and increasing your revenue in a linear fashion. You double your number of offices to double your number […]
4 Ideas to Manage Customer Wait Times Without Hiring More People
Balancing customer experience against your budget is a difficult task. You need the right amount of staff working to keep customers happy, but not so many people that workers are standing around looking for things to do. If your customers have long wait times, that’s good news for you initially—it means your business is popular. […]
4 Things to Consider Before Expanding Your Service Offerings
If you’re looking to grow your business, you might consider expanding your service offerings. Adding additional services is a good way to increase your profitability, diversify your income and expand your market. But there are important things to consider before adding to your income streams. Here are 4 important things to keep in mind when […]
3 Tips for Working Smarter and Gaining Personal Time
You’ve probably heard the maxim that it’s better to work smarter than harder. Working smarter means allocating your time, energy and money so vital tasks get done more efficiently, freeing up your personal time. Too many business owners think they must keep working harder—taking on more responsibilities and working longer hours—to be successful. It makes […]
How Much Cash Does My Business Need?
Your business needs cash. Cash is what keeps your company in operation and enables it to grow, so you should know how much cash your business needs to survive. Although many people think the answer is linked solely to operating expenses, this isn’t the case. There is no single factor that determines how much cash […]
Oh what a tangled web we weave
“Oh what a tangled web we weave, when first we practice to deceive” (Sir Walter Scott: Marmion – A tale of Flodden Field) Marketwatch does not normally resort to quoting poetry, but there is almost something poetic about the tale he is about to tell. And this month we are returning to China for a […]
4 Ways Small Start-ups Can Take On Established Competitors
Starting a business means you’ll be in competition with other companies that already exist. It’s actually a good thing if you have competition to go up against. Competition pushes you to be innovative. It also means there’s an established market for your goods or services. The key to benefitting from competition is knowing how to […]
5 Funding Options for Start-ups
Starting your own business requires enough capital to ensure you can pay your bills until your company turns a profit. Depending on the type and size of your business, you may need thousands of dollars monthly to cover overhead. If you’re wondering where to find business start-up funding, there are a variety of options available […]
4 Money Saving Tips for Business Owners
Running a successful business requires you to make smart decisions about everything from who you hire to how you spend your money. There are many legitimate expenses to cover, but it’s easy to overspend in areas that aren’t helping you or your business. Spending wisely is key to owning a sustainable business. Here are four […]
What is happening in China?
What is happening in China? Its been a depressing month or so and it was not just the weather. There has been a pre-occupation with COVID outbreaks in New South Wales and Victoria, and the shambolic withdrawal of the US military in Afghanistan which caught their allies by surprise So while we were watching all […]