High levels of stress are all too common for small business owners. This is no surprise given the responsibility and uncertainty involved in running a small business. Here we will look at several ways for business owners to reduce their work-related stress.
“Believe in the dream, keep pursuing the goal, and if the plan doesn't work this time, then change the plan, but not the goal.”
For Brett Rainbow, moving from professional basketball to creating a basketball training and coaching business was a natural progression. In addition to being passionate about the sport and playing for the Melbourne Tigers NBL team, Brett had to the opportunity to learn from Australia’s top coaches and trainers. This set the stage to fill a gap in the market to provide coaching and workshops to young basketball players in Melbourne with Tomorrow’s Stars Basketball.
With the results of the 2019 Federal Election now in, small business owners want to know “What does it mean for us?” Here we look at some of the continuing policies and new initiatives proposed by the Coalition.
For every small business, there comes a time when you can no longer get by without accounting assistance. With so many important decisions to make in the business, the sooner you hire an accountant the better. Let’s consider a few of the questions to ask before hiring an accountant.
Disaster can strike your business at any time. Despite the risk, 75% of businesses don’t have a disaster recovery plan, which is part of an overall business continuity plan. Research from Deloitte has revealed that 90% of businesses without a disaster recovery plan fail after an unexpected event such as a natural disaster. Fortunately, there are a few simple things to keep your business running in the event of a disaster.
Effective leadership is closely connected to long-term business success. Understanding the laws of leadership and how to apply them can help you build a successful and sustainable small business. Here we’ll examine the 21 Irrefutable Laws of Leadership from John Maxwell’s book of that title and how they can enable you to boost your business.
The growth of global communication and transportation has made it easier for small business owners to expand globally. All types of businesses – from online product marketers to professional service providers – can benefit from expanding into global markets. Here we offer some tips for taking your business global.
Twenty years ago, Peter Merchant was working in South Australia’s Fleurieu Peninsula making Tuscan style pavers using local sandstone. Little did he know back then that the experience would kick off what he’s now grown to be a global business, exporting local products/stone as far as Dubai. But scaling up has meant trimming back, restructuring, and smarter spending.
“My motto is, even if you’re on the right track, if you sit there, you’ll get run over.”
Peter Merchant’s business, Maison Design, often involves importing outdoor furniture from overseas. A few times his plans were foiled when the products he imported didn't meet his expectations.
Bek McMillan worked as a chef in London and Melbourne for 12 years before taking over the kitchen of The Living Room in Templestowe. Eventually, she decided to chase her dream of opening a cellar-door style provedore in Melbourne, helping connect small-scale local producers with foodies in the city.
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