As we head into the new financial year it is a perfect time to review, reflect and reset the financial foundations of your business. In this article we will discuss who could be on your financial team to help you with important financial decisions on your business journey.
You see innovation is just asking a really simple question. The question is: "How do I serve my customers even better than I did yesterday?"
If you are looking to serve and deliver value to your customers even better than you did yesterday and looking at the way that you can modify processes, your product, and upgrade your people, then you are an innovator.
Over the last three to four years, there has been an increased focus from business owners on boosting team and labour productivity. With rising costs, getting a return on labour has been more important than ever. Various methods have been tried such as providing financial incentives, working on healthy lifestyle practices, skill training, team building days and personal development.
How much time do you invest in understanding and creating pricing models for your business? The reality is many business owners in the trade and construction industry are ‘winging it ‘when it comes to their pricing and in the process are compromising the ability of the business to generate consistently high profit margins.
A simple 1-Page Plan (1PP) makes it easy for everyone in the company to know where they’re going and what they need to do to get there, without being bogged down by an overly complex business plan possibly riddled with unclear and even contradictory statements. Here’s what a 1PP can look like.
Think back to the last five challenges you have had in your business involving your team. It is most likely that they may have been avoided with clearer communication – and possibly a meeting.
I hear you say, “But meetings are boring and a waste of time!”
Meetings don't need to be boring. Boring meetings are usually run by boring people!
