staff members jumping for joy

Workplace Health and Safety will improve Profits

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...
business man with his arms up

Increase Profits by 61%

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.
business women meeting documents and taking notes

Update Your Employment Contracts and Policies

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.
negotiation in sales

Beware of Polite Responses when Selling Your Product

If you trying to sell your product or services then beware of what I call the polite response.Picture this…You tell them about your product or service and they nod and say “sounds interesting”.That went well right? Wrong!You sales presentation should get an active emotional response, not a polite one
chess board

Is it Really 3 Strikes and they are Out?

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.
writing down goals

How to Set Goals for Your Business for 2020

How to Set Goals for Your Business in 2020. Setting Business Goals, focus on Financial Goals, Infrastructure, Marketing and Internet Marketing goals, Product and Services, Customer service and Staff Goals. Remember your Personal goals. Why are you in business? Measure hours worked each week and reduce, so you want to sell your business? What do you want more of or less of this year in your business?
business man reading business review paper

Why is Profit Important

Businesses need to stop making excuses when it comes to performance. Over the last 3 decades the 2.3 million businesses in this country have produced about 3.7% in after tax profit. Australian businesses produce half the profitability of US businesses on average and one third of local businesses ran at a loss! If you include all of your assets and not just bricks and mortar or equipment then you should be calculating your ROE on the total figure.