Contributing to our position as Australia’s premium Financial Risk Management resource, our management globally explores and surveys relevant and valuable articles published by respected professionals, academics and organisation. The articles offered here are suggested reading for any Business Owner and Financial Risk Management professional.
6 May 2016
Greg Ferrett has written a blog with a timeless message about the issues which we all struggle with from time to time. This blog was originally written in November 2015, however it's message is as applicable now as it was then. After all, as it is now approaching the middle of May, we are at the start of that hectic time with the end of the 2015-2016 financial year in sight.
Managing yourself and your time are critical factors in surviving the frantic pace of business these days. When major deadlines approach, managing these factor is particularly important. The suggestions provided by Greg on managing the tasks ahead within the time available are a useful reference for all business professionals.
You may be a seasoned business professional or a new business professional who is battling time and task issues. If that is the case, this article may be worth a read provide the ideas to help you manage your work and time more effectively.
20 Apr 2016
Dr. Bradberry's article is focused on how you may try to keep good employees working for your business.
Too often it is forgotten, people are the glue which keeps your business running. Employees are the link between your business's procedures and technology tools. Good customers help sell your business products and services to others. One aspect of selling, is having employees which make customers feel wanted and valued by attending to their needs in a fast and efficient manner.
A workplace where people feel safe and properly valued, also attracts other likeminded people which may become employees. Therefore, being aware of what drives good people away from your business, is also really important.
You may not have thought about what motivates your employees and customers lately, or are finding you have a high turnover of employees. This article may therefore be a good starting place to identify the issues which assist you keep good people involved in your business.
10 Nov 2015
The task of taking on a new employee is no longer as simple as it once was. Today and into the future, undertaking due diligence on all prospective employees, will be the new norm. One of the parties best placed to assist you in this process will be recruitment agencies or consultants. Again however, you must choose your recruitment agency or consultant with care.
Vic Careedy puts forward a number of issues to be considered when choosing an employment agency or consultant based on his experiences and perspectives.
"Having been a client, a candidate and, for several years now, a consultant in the recruitment industry, I've learned there are some starting issues you need to be clear on."
The four areas worthy of investigation and questions in Vic's opinion are:
1 Who will doing my work?
2 What background experience does my consultant bring?
3 What is the process?
4 What will I pay?
If you have never used a recruitment agency or consultant before, or a dissatisfied with your current service provider, reading Vic Careedy's article may be of assistance. As is always the case, care is required when employing anybody these days and having a professional service provider who understands the issues may well be your best assistant in this process.
24 Oct 2015
We have all read those business stories of success which have suggested, success only became possible after surviving one or more setbacks. Yes, sometimes, the people involved had to take a step back or hold up the development of their idea for a while. Having to take a break or re-evaluate the development of your ideas, is a perfectly normal and acceptable part of the process of success.
Sometimes however, as Vesna suggests, we become overwhelmed by our situation and self-doubt contributes to our eventual giving up on our ideas and objectives.
As individuals, we all have different ways of dealing with stress or managing the issues which affect our determination to last the journey and achieve the success we desire. One of the references which may help you understand and overcome the doubts which test your perseverance, may be this article. After all, it is not that we will not face obstacles which may prevent us achieving our desired objectives, it is how you overcome these obstacles which is the important thing.
7 Apr 2015
Occasionally, despite your best intentions, there is bad press levelled against your brand and your business.
Sue discusses concepts to be considered when these events occur. These concepts include addressing the matter as quickly as possible, completing a review of the situation, being honest and having a plan for when such situations do arise. Even if you believe the situation is minor, always treat the matter with respect because the issue is always important to the person raising the issue.
Therefore three key concepts stand out in Sue's blog as follows.
1 Don't panic but confront the issue with an acknowledgement and carefully with a honest reply.
2 In order to reduce the effect of the bad news, prepare a plan of action.
3 If you feel overwhelmed, seek professional help.
In today's world, bad press at some stage is almost inevitable. With the advent of social media, bad news travels faster than an out of control bushfire. Therefore doing nothing is not an option these days. Follow through properly with any bad press and you will create a stronger brand.
23 Feb 2015
Franchising is becoming an option for entrepreneurs by which they can enter in the business environment in one of two ways. It maybe as a franchisor who had a viable business and thought it would make a profitable franchise. Subsequently the franchisor prepares a franchise by which other people can buy in to and operate as their own business.
Less experience businesspeople often enter in to a franchise and provided a business structure and supported by the franchisor.
However you chose to participate in a franchise arrangement, there are legal codes which you should be aware of in order to protect your investment.
Katherine Hawes presents five legal issues which you would be wise to consider and explore before commencing any franchise relationship. The five key issues covered in Katherine's article are:
The Disclosure Document
The Code of Conduct
Buyback clause at the end of the franchise
Providing ongoing support
Establishing too many competitors
As usual, this information is a guide only and you should seek further legal advice before proceeding with any franchise agreement.
27 Nov 2014
In business, there are times when we have to interact with organisations which may not always our favourite business partner. In truth, most business people would argue the ATO as a party which does not add value to their business. Obviously many business people would not disagree with the previous sentence.
Unfortunately, whether we like it or not, the ATO is a serious player in our business affairs. As a result, Peta encourages us to take a proactive approach to our dealings with the ATO. Unless the circumstances are exceptional, the ATO is usually willing to work with you to resolve a problem rather than fight you (notwithstanding the ATO will probably always win).
There is also another business message you can take from this article. If you work with your suppliers and customers in a reasonable manner, many short-term problems can be resolved and so enable you to continue with the business relationship.
15 Sep 2014
Vesna Grubacevic discusses the concept of people sabotaging their chances of success. She defines self- sabotage as occurring any time we want to achieve an objective and then our actions or lack of action prevents us from achieving the objective. It is not unusual for business people, at times during their business lives to subconsciously sabotage their chances of success. There are many reasons why this happens and we may not always understand how and why we take such actions.
The author presents seven reasons on why we might be sabotaging our chances of success. These reasons might be:
1. A lack of clarity
2. A lack of clear priorities
3. Limiting beliefs
4. Internal conflicts
5. Unresolved emotions
6. Being a worrier
7. Negative self talk
As they become more mature, some people may begin to realise they are sabotaging their own efforts to succeed. However they may not do anything positive to resolve the situation because of a lack of confidence and support on how to resolve their issues.
The solution is not a simple one and professional help is always recommended. If you are interested in finding out more about this subject, Vesna's article is a good start in identifying the issues involved.
10 Sep 2014
In this article, Steve Freztin presents his top 10 business lessons after 10 years in business.
Every lesson presented by Steve, can be applied to any business profession or business organisation.
I would write more, but that may confuse the message. So I will simply say, it will only take a few minutes to read the article and I suggest it will be time well worth spent.
21 Aug 2014
Learning is an on-going part of life. The strength of Judith's article is as a reminder that we continue to learn about ourselves from the most unlikely of sources.
In Judith's story, we see the mentor learning about themselves from the very person she was mentoring.
Irrespective of roles in life at any one time, I believe we can take a lot of positives from Judith's Lessons of Success illustrated below.
Lessons for Success
My mentors are teaching me to...
In fact, the article itself is worth a read if you are interested in learning more about the world around you.
22 Jul 2014
Jason Smith has provided three handy hints about managing your time wisely.
What makes Jason's remarks valuable is that they come from a business owner who struggles with time management as do many of us.
Jason's three main hints are to (i) plan your day, (ii) take control over your emails they don't control you, and finally (iii) keep track of your daily achievements.
Tracking your daily achievements is as important as any other task. Tracking provides evidence of your daily work which in turn, gives you a level of satisfaction at the end of a business day when you may doubt you have doen anything worthwhile. In addition, you have the information to assist in preparing a more efficient working day in the future.
A quick look at Jason's Blog may help re-evaluate and refresh your own work behaviours so you gain better value of your own time.
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