While all businesses differ, there are strategies entrepreneurs can use across the board to improve the likelihood of long-lasting success. Consider the following tips: Diversity Hiring a diverse team is a great strategy for achieving success. To be able to reach the greatest audience in a truly authentic way, you have to be able to…
In any business environment, there are constant challenges that can see you fail or can be tools for success. Channelling these challenges and turning them into strengths is necessary. Consider the following failures business owners commonly make and reflect on how these apply to your business: Multitasking For a lengthy period, the ability to multitask…
Setting clear and direct marketing goals is an ideal strategy for promoting your business and business growth. There are a number of different goals you can set to ensure you are optimising your marketing opportunities; consider the following: SWOT analysis Before setting any goals, it is important to understand the purpose behind your marketing strategy;…
Millennials are encompassing around a quarter of the workforce now and bringing along with them diverse needs and challenges. Employers must understand these needs and challenges to better attract more Millennials to work for them as their skills are in high demand. Firstly, Millennials (born between 1980-2000) are the first generation to understand technology possibly…
Setting goals involves having an end date, but deadlines could be killing your business. While deadlines can help motivate employees to complete their work within a given timeframe, research shows that there are a number of downfalls to setting strict deadlines. Consider the following: Creativity Deadlines have been proven to hinder an individual’s creativity and…
For any business owner and their staff, in order to achieve greatness, reaching goals and staying focused is important. Consider the following tips for your business in 2018:Understand your purpose Staying focused is easiest when you narrow down and understand what your focus is. Rather than to set one large goal of being successful in…
The summer holidays may be a period of increased sales for some businesses, but for many, it can be a quiet time with a heavily reduced cash flow. Staying ahead financially, if you are the latter, can be difficult which is why you should consider the following: Use it to your advantage A lull in…
When an employee is let go or they resign; there is a chance they are owed money, otherwise known as employment termination payments (ETPs). If an employee leaves the business, they may be entitled to several lump sum payments, many of which are taxed differently to normal income. Understanding what is owed and making these…
Christmas can be a very exciting time for many, and it can also be the dreaded season for others. Consider the following tips for celebrating Christmas in style, to ensure that all your staff get the most out of this period. Office Christmas party Holding a work Christmas party can be risky, particularly if alcohol…
Part of any business is making decisions; regarding your product, growth, staff, clients, etc. It is important to pick up on signs your business, for whatever reason, may not be the most profitable. The following are red flags that your decision making may not be what it normally is, and you should take more time…