At a glance, things to consider when writing a succession plan for your small or family business include: Developing your future business leaders Analysing your corporate finance structure options Business valuation, including fair market value, ...
Australia is a great place to do business. It’s a beautiful country with a highly educated workforce. Its business-friendly environment allows businesses to reach new customers and thrive in new markets. Setting Up Business in Australia Setting up your ...
Failure can be good for business. Yes, you read that right. As painful as it can be to face business failures, you can actually gain even more from your failures than you can from your successes. A Harvard Business Review article by Francesca Gino and ...
When embarking on a new business, nobody plans for failure. Then why do some business plans set people up for big challenges, or even failure, down the road? Before you get too far with the launch of your business, it’s wise to carefully review your ...
Your business vision is the heart of your business. It’s what motivates you and your employees to work hard, try new things, and reach out to new customers. But Gallup found in a recent survey of 49,928 businesses that only about four in ten employees ...
Getting your pricing strategy right can have huge benefits for your small business. It sounds so simple: set your prices to the spot where your customers are willing to spend and you’re still covering your costs. In reality though, pricing strategies can ...
A good business growth plan is strategic. It takes you from where you are today (with your resources, abilities, and vision) to where you want to be in the future. “The future” should be a fixed point in the future, say three to five years out. When you ...
Are you running into problems with your succession planning? As you’re probably aware, succession planning is essential for a smooth transfer of business ownership. When succession planning is done well, leadership is developed in a timely manner and the ...