I've found the big differentiator between a raging business success and one that just gets by ultimately comes down to taking action. Don't get me wrong - a robust strategy is the critical first step for any successful business. It ensures you stay focused on the actions needed to achieve your objectives. But if you don't execute on that strategy, it's a waste of time. In June this year I took 30 business owners on a business retreat in Fiji. It was life-changing stuff. Business owners get so … [Read more...] about You need to be held accountable
(Photo: www.pexels.com; www.gratisography.com) I wrote recently about research that showed 66% of SME owners don't believe today’s education system gives children the skills they need to run a successful small business. Backing this up is the latest MYOB SME Snapshot survey: 38% of business owners said trial and error was the No. 1 method for gaining business skills in the start-up phase – ahead of other important information sources such as accounts and financial advisers (32 per cent) … [Read more...] about 9 steps to start-up success
There are keys to success that every single business – whether a start-up or a thriving enterprise – needs to master. If you can set your business up with these in mind, you’re half way to building a brilliant business, argues Jason Cunningham. Know your business. The first thing I encourage all small business owners to do is to articulate your ‘why’ – the reason your business exists (and the real reason customers buy off you). Crucially, you need to communicate it to your key stakeholders: … [Read more...] about ‘Start me up’ – 8 keys to start-up success
Coles have announced they're moving into... finance. Coles and Woolworths already have a market share of 72.5 per cent of the $82 billion grocery sector. In addition to their food and liquor retail empire, they now offer petrol, insurance, an increasing amount of pharmaceutical products, and credit cards to name a few. Coles has announced a joint venture with GE Money to offer small personal loans. GE, being a clever company, have identified this JV is a great way to offer their products … [Read more...] about Are Coles and Woolies taking over our lives?