Articles

Warren Tapp has seen what to do and what not to do to improve profits and help business owners reduce their worry and stress.

If the world is changing faster than your business … read these articles

Board Papers by Warren Tapp

Education

Board Papers form the book, ‘So You Want to be a Company Director’. Article by Warren Tapp. One problem I often see is that the Board gets a large file of Board papers. This is because the CEO gives them everything they have since the Board has never told the CEO what they want and don’t want.

Board Problems

Education

Board Problems, from the Warren Tapp book ‘Board Basics’ 1. Board’s Power to Remove Directors A board cannot remove a director; only the shareholders or members have the authority to do so. – If there’s a serious issue with a director, the Chair should meet with them and suggest they resign if the board has lost confidence in them.

The Board Chair

Education

The Board Chair from the book ‘So You Want to Be a Director?’ It is interesting that the Corporations Act simply states that the Chair is the person who chairs the meeting. They do not have any formal authority beyond that of the other directors, although recent legal cases seem to imply there may be a higher degree of liability in that role if it is tested in court.

Company Limited by Guarantee

Education

Article from the Book Board Basics by Warren Tapp. If you are on the Board of a not-for-profit entity (NFP), it will be either an Incorporated Association, regulated at state level, or a company limited by guarantee, regulated at the Federal level (ASIC).

So You Want to Be a Director? Now Available in Hard Copy!

Education, News

Authored by Warren Tapp, So You Want to be a Company Director demystifies the director's role and equips you with the knowledge and skills necessary for success. With clear and concise explanations, this 235-page reference guide is accessible to readers of all backgrounds. This book concisely addresses all the burning questions you may have about being a director.

Introducing the print edition of Board Basics!

Education, News

Board Basics written by Warren Tapp offers a simple, non-technical approach that is perfectly tailored for university business or finance students seeking to understand the intricacies of boards, as well as business executives and new directors looking to elevate their expertise.

How to Stuff Up Your Business Free eBook

Education, Promotions

Given that 85% of new businesses do not last 5 years it is easy to see why some of them do not survive. If you want to know what to do to NOT be one of the 85% then read this FREE eBook on TappAdvisory.com.au and you will learn. It is very tongue in cheek in that it lists all the things you can do wrong to really stuff up your business. It includes pages on: Starting Out Personalities Risk Management Planning Marketing Employees Finances Legal matters Exit strategies

Things to Consider as a Director of Your Own Business

Education

Are you a Director of Your Own Business? A lot of business owners operate through a Proprietary Limited Company, and therefore, are Directors. The trouble is a lot of business owners do not know the legal responsibilities as a Director of their company. They tend to rely on their accountant to do it all here are some suggestions for you. Here are a few things to help you as a Director

10 Ways to Help Business Owners to Cope with a Recession

Education

We must remember there will probably be a recession in Australia. Now is the time to think strategically and prepare your business for the tough times ahead. There have been 4 recessions since 1980 lasting from 8 to 18 months and the effect on businesses lasted for years. Here are 10 tips to deal with a recession. - Cut costs now but only if it will not harm you later - Think about turning employees in to sub contractors - Get out here and shine and do it now - Take the long view. Marketing is a marathon and not a sprint - Choose your marketing techniques and channels wisely - Renovate your marketing tools now you have the time to do it

You Get One Chance at a Sale

Education

I wonder how many businesses lose sales because their staff cannot handle an enquiry to buy something when you ring them or walk in to their store. Marketing costs make it expensive getting prospective customers to ring you or walk in so why waste that money by missing sales when you often only get one chance to make a sale, at the initial point of enquiry from that potential customer. You no doubt have plenty of competitors the customer can go to if they do not get a good response on the first try.

Workplace Health and Safety will improve Profits

Education

Why? It is because good WH&S practices will have the effect of reducing your insurance and workers compensation premiums and improve employee retention, morale and productivity. It will also reduce days off for sickness or injury and the cost of training replacement staff. You should be doing the following as a minimum...

Increase Profits by 61%

Education

The bottom line is the most important number in your business otherwise you just have a paid job. So the other bottom line is that small changes to you various levers can make a big difference to your profitability. Of course you need to track all these figures in your business to be able to start. I have helped dozens of small businesses focus on these levers and I can help you too if you decide you want help putting all of this in to place.

Update Your Employment Contracts and Policies

Education

You must provide every employee with an employment contract whether they are casual, part time or full time. This decides the relationship between you in work a work setting. Such a contract should reflect any employment law as well as verbal arrangements between you as well as any policy or procedure manuals you have, common law rules, implied terms, professional practices or anything else agreed to. You should also review these regularly.

Is it Really 3 Strikes and they are Out?

Education

A lot of employers believe that they have to give 3 warnings to let someone go. While it is a good process to follow there is actually nothing in the legislation that requires this. The Fair Work Commission says an employee must be given a reasonable opportunity to improve their performance and get feedback.

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Articles

Board Papers by Warren Tapp

Board Problems

The Board Chair

Company Limited by Guarantee

So You Want to Be a Director? Now Available in Hard Copy!

Introducing the print edition of Board Basics!

How to Stuff Up Your Business Free eBook

Things to Consider as a Director of Your Own Business

10 Ways to Help Business Owners to Cope with a Recession

You Get One Chance at a Sale

Workplace Health and Safety will improve Profits

Increase Profits by 61%

Update Your Employment Contracts and Policies

Is it Really 3 Strikes and they are Out?

Contact Tapp Advisory

Relevant Links

Have a Question?