There are also a number of measures you can take irrespective of how the initiatives may impact your business.
How can you do business differently and keep your doors open for business survival?
I was talking to a client who sells products in the disability sector. They are already finding opportunities to provide online services to their customers which previously would have been provided in a face-to-face environment by health professionals who are faced with isolation requirements.
We talked about what would happen if one of the staff in the office became infected thus requiring the entire team to self-isolate. I suggested finding someone they trusted who wasn't on the team who could go into their office. Then whilst they were there instruct them on what to do to send out orders.
If there's a...
Marketing gurus spruik the benefits of having an online business where you can make money while you're sleeping. Whilst there's a degree of hype in their messages, the underlining model is where the future lies.
People avoid looking at the numbers for many reasons.
I explained my top list of reasons why people avoid looking at the numbers in a previous article. But I believe that you don’t need to avoid looking at the numbers, so let me dispel those reasons for you.
This one makes sense. If you’ve not had some basic training on the core financial concepts then you don’t have the knowledge or understanding. The challenge is to understand the importance of seeking out that training.
There are many skills required in business. The key is that you don’t have to be an expert in all areas. As the business owner and leader, what is important is to have an overview and general understanding of them all.
When you started in business, did you have all the skills you needed from the get-go? Perhaps yes, perhaps no. If no, did you learn about those areas as your business grew? You may have learnt through trial...
The Business Barometer will measure your business finances across three critical areas: Core Concepts, Focused Management and Planned Growth.
on How to Improve Your Cash Flow in 5 Easy Steps