This is termed ‘Business Reengineering’.
What is Business Reengineering?
Business Reengineering usually means eliminating activities or processes which are not adding value. In some cases, they will be substituted with better […]
There are four commonly used business structures in Australia:
Sole trader Partnership Company Trust
It’s important to understand the responsibilities of each structure because the structure […]
The business needs to produce more and invest in marketing, sales, and customer management. There’s an opportunity to grow which should be good news… but what happens […]
Xero surveyed 171 accountants and bookkeepers – with a collective clientele of about 6,000 small businesses – to learn how eCommerce was changing business ownership.
To participate in the study, advisors had […]
But it’s important for all businesses to hit the new financial year with a plan — a strategy for growth and success not only for the next financial year but into the future.
This […]
Financial reporting is an example… where leaders may need multiple reports from different systems to see their bank balance, accounts receivable, invoicing status, payroll, sales performance, timesheets, and so on.
Not surprisingly, businesses continue to invest in digital, data, and analytics to […]
So when a guesthouse in Bright VIC came onto the market for sale, being overseas did not phase them.
Instead, they saw the potential […]
Like sight-seeing (COVID-19 permitting these days), we plan where we’re going, what we’ll visit, where we’ll stay and, if we get side-tracked, how to navigate back to our original itinerary.
Planning a business is very similar in that you need to develop […]
What is scenario planning?
A scenario is what we think might happen in the future based on certain assumptions. For example, we may ASSUME it will rain tomorrow and […]
Tracey is a digital marketing strategist and business automation specialist working with a range of businesses in Australia and New Zealand. She also runs her own successful e-commerce business.
“It’s actually really cool when business owners are […]