As a business leader, you place a certain level of trust in your team to deliver on the vision you have for your business success. A lot of time and effort goes into hiring the right employees, but that’s only half the battle. Setting the standards for quality in terms of attitude, processes and outcomes…
Each day brings new challenges, all vying for your attention. It can be overwhelming, and many business owners fall into the trap of getting bogged down in their ever-expanding to-do list and don’t actually get things done. Time management is important, but more so is having a sense of urgency. Identifying what’s urgent versus important…
2020 has taught us that we can’t always be prepared for the worst-case scenario. But as a leader, adapting to change is an essential part of positioning your business to recover – and even thrive – in fundamentally altered circumstances. In this article, we’ll share our tips for successfully leading your business in adapting to…
Often as we navigate our way through tough times, true leadership falls by the wayside. That old trap of spending more time working IN your business rather than ON it may seem like the only way to keep your head above water. But if COVID has taught us anything, it’s that good leadership can mean…
From a health and economy perspective, 2020 has been a shocker. For some business owners the disruption has been stressful and expensive, while for others business has boomed. If only we’d had 2020 vision, but as the saying goes, clarity is in hindsight. Here we look back at the year that was and the lessons…
On 21 July 2020, the Government announced that the JobKeeper Payment (‘JKP’) would be extended by a further six months to 28 March 2021 on a scaled-back basis, with businesses being required to re- assess their eligibility to remain in the scheme (which received Royal Assent on 3 September 2020).
For many business owners, selling their business is a once in a lifetime experience. With no prior knowledge to draw on and significant amounts of money at stake, you’ll need to lean on your team for support and professional advisors to get it right. In this, the final article in our sale-ready business series, we…
Key matters to consider Creating a sale-ready business takes time. Time to implement the improvements you’ve identified to present your business at its best and time to complete the tasks which are additional to your day-to-day operating commitments. With limited hours in your day, you’ll also need to assign a support team to help.
Put your feet in your buyer’s shoes While healthy financials will attract a potential buyer’s attention, it will take more than that to convince them the business is right for them. You’ll need to prove the business can operate successfully, and profitably, once you’ve gone. Putting your feet in a potential buyer’s shoes will help…
Within days of the Jobkeeper 2.0 announcement, adjustments to expand the eligibility criteria for JKP have been made. Now referred to as ‘JobKeeper 3.0’, these changes are primarily in the wake of the tougher COVID-19 restrictions recently imposed in Victoria.