Is selling your company part of your exit strategy or succession plan? Having your business ready for sale can make an impact on the amount of money you receive for it, and satisfaction of your leaving the business in good stead. Here are five big considerations a...
Why is search engine optimisation so important for your website? One of the lessons learned from the recent Covid-19 pandemic concerns the need for businesses to boost their online presence. Right now, SEO can help you achieve this goal. Here are some SEO strategies...
Search engine optimisation (SEO) is an online strategy that can result in your website being displayed at the top of the search engine results pages. If you want to attract and engage customers in your area, you will definitely need local SEO. This is where you...
Earlier this month, the Fair Work Commission’s wage panel announced an increase in the minimum wage, by 2.5%. The Australian minimum wage is set to rise from $19.84 an hour to $20.33, taking the minimum weekly wage up to $772.60 per week. This decision came about...
As a smaller business, being well placed online in a search and social capacity is crucial. It can drive precious customers to your site, and result in conversions. Search engine optimisation (SEO) is an online strategy that can result in your website being displayed...
No business wants to get a bad review for its products or services. But it can be impossible to please everyone, and so there is always a chance you may get a negative review. It can be turned around though. Businesses that respond adroitly, with a professional tone...
As business leaders, we all know it can be “lonely at the top”. This is one of the key reasons that so many entrepreneurs seek out a peer advisory group. Peer advisory groups are an organisation whose main purpose is to create an environment for non-competitive...
The pandemic has created a new work order. Remote work is no longer considered uncharted territory. As companies worldwide are moving toward a virtual work environment, they are also struggling to find solutions to motivate employees and keep them engaged. Many...
Unless you’re a serial entrepreneur who started a business with the sole motive of selling it, passing the reins of your company to someone else can take an emotional toll. If you happen to also be part of Australia’s largest generation of retiring business owners—the...
If you run a business that is truly valuable to your customers, your network of sources will want to help their colleagues by referring your business to them. Small business owners repeatedly admit that referrals are their best method of acquiring and retaining good...
If you’ve been running a successful business the same way for a number of years, you may be a bit hesitant to implement change, especially when it comes to technology. For some, technology can be quite daunting, however, by not upgrading your technology you could be...
NSW went into lockdown last week and the state government has announced support packages for all small businesses impacted by the lockdown. The two-week lockdown is said to bring a $2 billion blow to the economy, and so the government is ensuring that support is...
Losing a customer is always cause for concern, but it can also be a learning opportunity. Businesses face a constant challenge of thoroughly understanding customer buying behaviour, and when that behaviour involves choosing a competitor instead, it’s time to reassess...
New South Wales went into lockdown on Saturday, along with other capital cities and it is once again going to take a toll on the economy, and small business owners. The two-week lockdown, which includes Greater Sydney, the Blue Mountains, Wollongong, and the Central...
According to the Small Business Association, “All humans feel four basic emotions: happy, sad, afraid/surprised, and angry/disgusted.” Of course, no business wants to spur feelings of disgust or anger with their customers, but as the SBA adds, “creating strong...
What’s the long-term value of a loyal customer? Let’s start with a look at the “non-loyal” customer. He or she will: Abandon your business after one mistake in delivery or a bad moment with your customer service representative Jettison your business if they find...
Businesses define “lost customers” in different ways. To some, these are customers or businesses that once purchased their goods or services, then stopped for any number of reasons (bad quality, inferior service, pricing issues, etc.). To others, the term refers to...
Thanks to lockdowns, struggles with outbreaks, and a slow vaccine roll-out, the landscape for business can be uncertain. If your business is struggling right now, you may be wondering if there’s anything you can do to improve your sales. While there’s no guarantee...
In our last post, we began to review 17 Essential Traits of Successful Entrepreneurs. Here we will continue looking at additional great tips from the TAB community, on what makes a business, and an owner, thrive. #8 Endurance in the face of adversity Successful...
While a great idea and some capital may be essential for a successful business, the most critical ingredient for a successful venture remains the entrepreneur. This is why many successful venture capitalists give more importance to the people behind the company than...
All businesses claim to value their employees and to be committed to a culture that recognises and rewards employee achievements. But success in this effort may be elusive, particularly if employers only half-heartedly embrace an “employee-centric” culture. By...
The Queensland Government has been rolling out various grants to help small businesses stay up and running following the effects of the pandemic. Though these grants are applicable to small businesses only, their eligibility criteria and the funds they provide make...
With the global outbreaks of COVID-19, came situations the world wasn’t prepared for. World leaders imposed nationwide lockdowns, flights came to an indefinite halt and the global workforce had to shift from working from their offices to work from their homes. ...
The Queensland Government has been rolling out various grants to support and fund small businesses, aiding them in growth and recovery - from losses caused by COVID-19. These include the Business Growth Fund Programme, Business Basics Grant Programme and the Small...
You may feel your business has reached a growth plateau. Where do you turn to help improve and better manage the business? Perhaps you consult family members, an accountant or lawyer—or worse—make important business decisions alone. An article by USA Today’s Ask an...
The Queensland Government has been rolling out grants to aid small businesses by providing financial and professional assistance wherever needed. Our team at The Alternative Board helps small businesses with grant applications and proposals, as well as investment...
Every business needs a competitive edge, whether it’s in the quality of their products or services, their dedication to customers, or some other aspect they can leverage to outdo their competitors. What many businesses may not recognise, however, is that their company...
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