When Should You Consider Franchising Your Business
As an entrepreneur, you may be considering franchising your business as a way to expand and grow your venture. Franchising is a great way to expand your reach and increase your profits, but there are certain signs that you should take note of before jumping into this exciting and potentially lucrative opportunity. Here are six signs that you should consider before franchising your new business: 1. You Have a Proven Business Model: If you’ve been in business for a while and have a proven business model, then you’re in a great position to explore franchising as an option. Franchising is[...]
5 Strategies to Grow your Business This Year
Here are 5 strategies to grow your business this year. Utilise digital marketing: In today's digital age, having a strong online presence is crucial for any business looking to grow. Utilizing digital marketing strategies such as search engine optimization (SEO), social media marketing, and email marketing can help increase brand awareness and drive sales. It also maximises your business's chances of being found at just the right time. Diversify your revenue streams: Diversifying your revenue streams can help mitigate risk and ensure that your business is not overly reliant on a single source of income. Consider offering new products or[...]
10 Ways to Increase the Value of Your Business
Are you looking for ways to increase the value of your business? If so, you’ve come to the right place. This article will provide you with the top 10 tips for increasing the value of your business. Create a Strategic Plan: Developing a strategic plan can help you determine the goals and objectives of your business, as well as the strategies necessary to reach them. This will help you stay focused on the most important tasks and prioritize your resources. Focus on Quality: Quality products and services are key to customer satisfaction and loyalty, both of which are essential to[...]
Should You Re-open Your Business? Assess Your Options
When things return to some new form of normality following the COVID-19 disaster, many business owners will be itching to re-open their businesses as quickly as possible. However, it is highly unlikely that things will snap back to the way they were before the pandemic hit. The impact to you, your people, your customers, suppliers and your market has no doubt been significant so it’s really important to work through where you’re at right now and what the best options are for you to move forward. Re-opening may not be one of them. Your Finances There can be no doubt[...]
Business Continuity Planning and COVID-19
Back in 2011 I wrote an article entitled “Nature takes a massive swipe! Now what?” on the topic of business continuity planning and disaster recovery planning. At the time, the article coincided with a major natural event that had occurred in Queensland (Cyclone Yasi) and devasted many communities. Less than 10 years later, I am revisiting this topic after the horrific bushfires that raged across the east coast of Australia and the global Covid-19 pandemic crisis. The utter devastation to the global economy, national economy, state economies, and local economies is unfathomable. Industries shut down overnight. People out of work[...]
As an entrepreneur, you may be considering franchising your business as a way to expand and grow your venture. Franchising is a great way to expand your reach and increase[...]
Here are 5 strategies to grow your business this year. Utilise digital marketing: In today's digital age, having a strong online presence is crucial for any business looking to grow.[...]
Are you looking for ways to increase the value of your business? If so, you’ve come to the right place. This article will provide you with the top 10 tips[...]
When things return to some new form of normality following the COVID-19 disaster, many business owners will be itching to re-open their businesses as quickly as possible. However, it is[...]
Back in 2011 I wrote an article entitled “Nature takes a massive swipe! Now what?” on the topic of business continuity planning and disaster recovery planning. At the time, the[...]
