Tag: Business Management

Starting a business is truly an exhilarating experience, but trying to stay afloat amidst the competition is a different matter altogether. You will need to think quickly in order to remain relevant and not get swept away by the deluge of pressure. It is important to plan for the future of your business.

This is why business management is an integral part of the game. It requires skill, experience, and the know-how in tackling many obstacles that come your way. For those who are merely starting, it can be a disadvantage, which is why we have insight listed here for you to educate yourself.

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 […]

How to Standardise Your Business Processes

For a business to thrive, it has to have structure in place. Think of processes as a map to help you navigate uncharted areas. It aids you in reaching your goals, which for a business represents sustainability and growth. While it sounds simple enough, standardising processes might be trickier than one could think. How exactly […]

Why You Need a Business Plan

Imagine yourself starting a new venture without an ending or a goal in mind. This can lead to mindless wandering, doubling up and in some cases wasting time. This scenario can be applicable to business as well, which is why a business plan is important at all stages of the business life cycle. A business […]

The Difference Between a Business Coach and an Advisor

When you run a business, you need to have clear vision and goals. Go in blind and you’re most likely done even before you get a comfortable stride. If you need help it’s good to know the difference between a business coach and an advisor. You need people with experience to back you up and […]

What Does an Accounting Consultant Do?

Many business owners realise the importance of monitoring cash flow. After all, it is what keeps the company running and the lights on. And that’s why smart business people hire people who will help us do exactly that. But with the range of options to choose from it’s often confusing to know which professional is […]

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