Tag: Business Challenges

When you start running a company, or even a small business, business challenges will always come knocking at your doorstep. Whether it is caused by internal struggles, or by a rising competitor, you will more or less find yourself in a sticky situation. There will come a time when you’ll be at your lowest point.

But just because you encounter business challenges doesn’t mean you will have to wave the white flag and give up. It is a normal part of any business venture, but you will need to know how to handle it. Things such as turnaround management and consultation can help you a lot.

The Importance of CFO’s in Businesses, Large and Small

Financial security is vital for all businesses, whether they’re small, medium or large. Having a strong cash flow as well as a solid financial plan will ensure that your business not only survives but thrives. However, many organisations don’t employ CFO’s, nor do they consider how important the CFO’s role is when it comes to […]

Pricing Strategy Essentials

Pricing strategy essentials – Finding the balance between pricing for profit while remaining competitive. Poor pricing strategies can damage performance and bottom line. Not only do many businesses have the opportunity to increase their profits simply by adjusting their pricing strategy, but poor pricing strategies can actually damage a business’s opportunity for a prosperous future. […]

How to Succeed at Winning Government Grants and Tenders

The Australian Government earmarks billions of dollars in funding each year in the form of grants and incentives to help companies start up, nurture and scale their business.  Australian governmental support for entrepreneurs is regarded as world-class and not surprisingly there is fierce competition for the funding. Funding organisations receive many more applications than they […]

9 Reasons why Outsourcing CFO Function in a Business makes Sense

At a certain point in a business’s growth, hiring a Chief Financial Officer is needed to maintain or reinvigorate the company’s financial direction. However, start-ups, small and medium companies can find the financial outlay prohibitive. A highly experienced, commercially astute CFO earns upwards of $200,000 annually. Significant savings can be made by hiring an outsourced […]

Australian Pricing Strategy

How do you ensure you stand out in a crowded market and maximise your business’s profitability? The answer is choosing the most effective pricing strategy for your particular business to ensure it remains competitive. Premium pricing Premium pricing necessitates that customers are encouraged to view products as being worth the higher price by creating a […]

How to Turn a Toxic Work Environment Around

There is a saying, “people quit managers, not jobs,” and this can be true. Many people leave jobs because of relationship breakdowns with their work colleagues. If the problems aren’t nipped in the bud, the environment can quickly become toxic. Stressful environments are not productive and can do a lot of damage to a business. […]

Getting Started in Business in Australia

Before getting started in business in Australia, there are a few items that need attention. We have many rules and regulations here and you must make sure you dot your i’s and cross your t’s before you launch in. You may have tossed around the idea of going it alone, and may have wondered what […]

Dad and Partner Pay in Australia: What You Need to Know

Having a family is one of the most precious things you could ever have. So when a new member comes, you have to free up time and be there to greet the baby – and that includes taking time off work. For businesses, this can disrupt a few things but if you are prepared you […]

Formalising Business Procedures: Why It’s Important

For some people, the greatest challenge running a business is actually starting one. With the many naysayers out there, it takes a great deal of courage and bravery to power through them. And when you’ve finally proven yourself and set aside your doubts, you feel like a million bucks! While that is a difficult part, […]

Turnaround Management: What You Need to Know

Turnaround management may be a familiar term to some of you, but to others it can be the first time you have heard it. For those who are running a business, it is a universal fact that there’s always a shaky competition, and it gets tougher as time goes by. And while you can be […]

Facebook
Twitter
Instagram