Release ForLife Business Coaching in Salisbury East | Business service
Release ForLife Business Coaching
Locality: Salisbury East
Phone: +61 402 407 768
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23.01.2022 In business as in life we all face roadblocks in our path to success. Those roadblocks can be the legal and taxation requirements we need to comply to in order to run our businesses. The complexities of managing others. Or just dealing with an unplanned and unwelcome pandemic. But what about that inner voice of self-dough, fear, anxiety and our conscious or unconscious limiting beliefs.... That inner journey of growth will certainly challenge our comfort zone. Within myself and my clients, I have discovered that acknowledging and working not only on improving business processes to gain greater efficiency, but that growth journey can allow us to step into our power and confidently remove those roadblocks. For example, moving away from the limiting belief I cant do that , to yes I can do that. As in continuously improving your business processes may require assistance and guidance so does removing the roadblocks that exist within our conscious and unconscious mind. Be empowered in all aspects as to best manifest what you seek in life.
23.01.2022 The incredible similarities between football & business. As business owners, what can we learn and apply to create even more success for our businesses? Teamw...ork Great players like Messi, Ronaldo and Mbappe require teammates to show their personalized skills to the world. Business success relies on teamwork to effectively execute the business plan. ‘teamwork makes the dream work. Everyone Knows Their Position and Their Role. The goalkeeper and strikers are both playing the game of football and are interdependent on each other. But, they have defined roles, functions, skills, accountabilities, and responsibilities. Just like in business, each function, process, and responsibilities ought to be clearly defined for the business to function efficiently and effectively. Negotiation We do not get a free ride. To execute the game plan, will require to invest in resources, equipment, and players (staff). No plan gets executed without negotiating challenges, obstacles, and competition. Leadership Every team as a captain that ensures the game plan is executed as planned. They guide, motivate and reassure that success will come. Via their leadership, they show that it can be done. Keeping Score and Having the Goal in Site If you’re not keeping score you’re are not in the game to win. Football is quite a simple game the team that scores the most goals wins. In business, the team with the greatest profit wins . Both are regulated by rules and adjudicated by a referee. Knowing what you need to achieve goes a long way to create a plan to achieve it. Throughout the game or the life of the business, the scoreboard will reflect performance. Recognition Individuals or the team will be rewarded for performance. Players get an additional bonus per wins, goals, or agreed on contractual key performance measurements. Winning a major football title brings about fame and recognition from peers as being the best. For years Apple dominated the mobile phone market with their innovating products. Samsung fierce competition is giving Apple a run for its money. Just like the rivalry of Real Madrid Vs Barcelona - Messi Vs Ronaldo. All Teams Have a Coach Coaches, both in sport and in business, develop player(s)/staff full potential. They are responsible for training, analyzing performances, instructing in relevant skills, providing encouragement and a strategic game plan to win. Interestingly, most football coaches were not great players.
23.01.2022 So much advice and experts telling us that marketing and advertising are easy if only we did this or that. As a business owner are you confused and uncertain what to invest in? Your inbox is probably full of offers on the latest best thing since the previous XYZ.... Do not take me wrong advertising and marketing are support important but before investing in your next program. You may want to consider spending some time watching the video on the link below to avoid or just being aware of the 3 most common errors to by-pass. https://releaseforlifeacademy.com/3biggestmistakes/video
22.01.2022 3 things that this virus is causing us to think about in business. How to best manage the situation, now and in the immediate future. Our mindset around those challenges To plan for the unexpected... Im offering free discovery calls to share tools, techniques and strategies to assist in these challenging times. http://results-through-conversation.com.au/
22.01.2022 When I ask small business owners do you have an ideal client avatar? I am too often told no I dont. Which leaves me to ponder, how do they understand why customers would want to use their product or service, how do they reach them, and get them to buy? Having an ideal client template allows you to create an avatar. A vision of what your ideal client is like, right down to their name. ... You will have an understanding of their demographics and their personality traits and behavioural characteristics. Ideally, your communication is aimed at having a direct dialogue with your ideal client because you understand: What makes them tick. What problems they have? How your product/service solve the problems they have and dont want. You want your prospects to say this business gets who I am, and their product/service is the solution to my problems I want to know more. It all starts by understanding who you are trying to sell to and why would they want to buy from you. Click the link below should you want any assistance or more information about creating your ideal client avatar. https://marcandreroubaud.com/
22.01.2022 Great to share a presentation with likeminded business owners. This is indeed an unprecedented time with complexities and so many unknowns that are making many business owners feel anxious and uncertain about their future. 3 quick tips that I shared during the presentation to better manage and respond to the challenges facing business owners. ... 1. Your Financial Score Have an accurate idea of the daily, weekly, and monthly numbers and financial trends in your business. Master your cash flow 2. Best Practices Formalise your processes and ensure that you are effective and efficient as possible, remembering that every process can be improved. 5% to 10% efficiency gains can represent thousands to your bottom line, especially if cumulative 3. If you know a business in financial trouble and facing a permanent closure Seek out professional assistance, the Australian Government made changes to the Bankruptcy law as part of the economic response to the Coronavirus. These temporary changes will be in place for six months from 25 March 2020 See more
21.01.2022 For my Adelaide business owners Facebook friends, I am hosting on behalf of Authentic Education, Free Speed Networking Event, great way to network, to market your business and to practice delivering your message .
20.01.2022 Ever taken an order, to only ring back the customer to inform them you cannot meet their order because you dont have the physical stock? Now youre in-damage control, you need to appease the customer and hope that they dont cancel the order. You now need to expedite an order to cover the shortfall.... This adds complexities to your day and diverts your attention from what you had planned to do. In my view, the need to allocate time and resource to manage what is preventable is waste and an unnecessary burden and cost to your business. Prevention Recommendations Have a cycle counting process where you count a sample of your inventory daily. The key purpose is to identify items in error and allow for an investigation to identify and elimination of the causes of the errors. Find and fix errors before they affect your customers and the quality of your service. Confidence in your stock on hand is a leading indicator that you have proven inventory controls to meet your customers expectations to have their order supplied on time. In my experience the leading cause of inventory errors are procedural but theft, unfortunately, should not be excluded. Type of inventory errors: Incorrect data entry during receiving/inbound or outbound/invoicing. Stocks mixing/picking error Misplaced stocks Incorrect unit of measurement used. Not updating the inventory system Inadequate handling of damaged and returned stocks. Stocks loss due to theft. Having managed warehouses, I am now helping my clients to avoid similar types of problems in their businesses, to insure they can best serve their customers and have effective and efficient systems.
20.01.2022 As per the article, 60% of US businesses that closed during this pandemic will never reopen again. Be aware that this will have a flow-on effect on the US economy, and the world economy at large. The contagious effects are predicted to cause a GFC like crises as bankruptcies, loans defaults (commercial, business, personal, housing) flow on to undermine the banking sector. Not just in the USA but Europe as businesses closures is not just a USA phenomenon. ... There are even sovereign risks as some countries will have significant issues to repay their national debt. We may be rejoicing in Australia that Melbourne has reopened but let us be aware and cautious that 2021 may prove to be as challenging as 2020. Indeed 1/3 businesses are likely to close their doors permanently in Australia due to the disruption and enforced shutdowns. As business owners, what can we do? Be aware of the potential economic and social disruptions to come from the fall out of renewed shutdowns across the globe. Have contingencies plans, expect the unexpected. Ensure that your business is as efficient, productive, and profitable as possible. Have a plan to work on and not just in your business. Should you want assistance and guidance to increase your efficiency, productivity, and profitability to not only survive but to prosper. I offer a free business review. To date, I have always uncovered $10,000 to $50,000 plus in additional revenue often without the need to increase spending in marketing and advertising. Be like one of my clients who is experiencing a 30% increase in revenue by implementing one of my recommendations without needing to spend more on marketing and advertising. https://www.dailymail.co.uk//Yelp-data-shows-60-small-busi
20.01.2022 As business owners how we choose to respond to this challenging time will very much dictate our ability to ride out the economic disruptions and position our business to benefit during the recovery. As a business owner, what can I do? This is something that many business owners are pondering right now. Im certain it is keeping many business owners up at night worrying and stressing about the very survival of their businesses. Let alone how to pivot and restructure.... This post aim is to give practical insights, assistance and a technique to help you and your business in this challenging time without you necessarily having to invest more money to get desired results. We all have different businesses, but we have similar processes to deliver our products or services to our customers. And if there is something that I know with 100% certitudes is that any processes in any business can be improved. Indeed, there is an entire management theory and strategy based on the very notion of continuous improvement made famous by the likes of Toyota and General Electrics. By, the very fact that you are reviewing a process you will have new insights into that process. Using the 5 W Who What Where When Why is a simple cost-effective technique that leads to ways to make your processes simpler, more efficient, less expansive and, more profitable. As a business owner, when was the last time you took time out and focused on the internal workings of your business? Now imagine finding ways to reduce your operational costs by a conservative 5% to 10% by using the 5 W technique. Any cost reduction is a direct increase in profitability. What if your sales closing process improved by 5% to 10% by reviewing and fine-tuning what you are doing or not doing? If you are a tradesperson do you have 100% control on your quotation process, do you follow up all your quotes to ensure maximum closure rates? Depending on the size and complexity of your business there could be hundreds of processes to review and delivers measurable results. Cumulative gains across processes can represent thousands of dollars if not more. It is not about reinventing the wheel or necessarily investing more money but allocating time to work on your business and asking yourself 5 Questions Who, What, Where, When, Why and looking for ways to simplify, make more efficient, less expensive and, more profitable your processes. It is very much about taking control of the processes under your direct control and influence. It is also not about getting it perfect but getting it started. After all it is a continuous improvement process. To learn more click http://results-through-conversation.com.au
20.01.2022 The treasurer Josh Frydenberg announced that Australia is in recession for the first time in 29 years. What does this mean for business owners or more importantly how should we react? Now more than ever, I would strongly recommend to: ... Define your ideal client Understand your ideal client demographics and psychographics Differentiate yourself from your competition- Have a bold promise that dominates your market Be your own best marketer, it is 50% of your business Dont discount the power of social marketing Create content to engage, educate and offer your solutions Invest in professional assistance, business is often described as a team sport Know your numbers, be in control of your cash flow Be in a position to not only survive but to prosper
17.01.2022 Whether things are great now in your business and you want to make it even better or youre in a tough spot and need to make a change fast know this. After years of delivering results for Fortune 500 companies and now my clients, I have seen first-hand how asking the right questions can uncover, time-saving processes, new ideas, and growth. Be like Adelaide Beauty Academy, who is experiencing a 30% growth in revenue by simply implementing the upscaling technique I have reco...mmended without needing to spend more on marketing or advertising. Book your free discovery call. Theres no obligation, and youll end the call with a road map of new ideas and opportunities. Enter your detail at https://www.results-through-conversation.com/ to claim your discovery call.
15.01.2022 We may need to isolate but lets be grateful that technology allow us to be connected like never before. How are you offering assistance and guidance? Who have you called to ask are you ok?... Many business owners right now are stressed out like never before, worrying about: cashflow, pivoting their business online, paying the rent, dealing with the complexity of being forced to shut down without controlling when and how they will be allowed to re-open. As a business owner by reaching out and connecting you may discover practical solutions to lessen the challenges and position your business to prosper in the near future. I am offering a free 45 minute discover call to provide guidance and assistance to manage this challenging time. Learn more at http://results-through-conversation.com.au/
15.01.2022 I have personally struggled with the I’m not good at sales mindset until I realized that I have being selling all my life, let me explain. Have you ever recommended a movie, a restaurant or went on a date? Well you sold them on a concept, idea, or potential. ... You most certainly shared a compelling story as to why that movie is worth seeing, why the restaurant as the best food and why that person should go on a second date with you. You may not have transacted money, but you sold and convinced others to take action based on your story and recommendation. Selling like everything else needs the right mindset, effort, and ability to manifest success. Once we understand that we all have sold at some point in our life, it is all about improving our effort and ability to be more proficient at the selling process. Without sales, no business can grow and develop.
15.01.2022 I see a lot of posts on social media, asking how to grow or to get more customers? One keyway is to allocate more time to Working ON the business involves more strategic activities that lead to growth, improved profitability and financial security. Thinking outside the box, no matter how clich, is oftentimes a necessary and extremely effective way to fix problems and come up with new ideas. But how do you do that when often we cant see what we cant see and never seem to ha...ve enough time. Invest in another set of eyes or a different perspective to uncover new insights and opportunities to save time, resources and create growth. As a business development strategist, Ive seen first-hand how asking the right questions can uncover, time-saving processes, new ideas, and create significant growth. It all about discovering tools, techniques and strategies to help make the most of your financial security, more time with family and friends. To learn more click http://results-through-conversation.com.au/ See more
13.01.2022 Warren Buffett Just Bought a Gold Stock after years of not investing or promoting gold - Why?
13.01.2022 Great to get public recognition for delivering impact and results. Such a pleasure to assist Prosper Taruvinga from Livelong Digital to strategize on the implementation of his upcoming growth, scaling and hiring. Life rewards action and anyone who knows Prosper can ascertain to his passion and commitment.
11.01.2022 When investing becomes gambling and why we are now all caught up in it. As per article the debt crises facing the worlds leading economy was largely not used to fund research and development, innovations or capital investments to increase productivity and efficiency. Instead, it was largely used to speculate. In my view, a polite way of saying gambling. The debt is an unseen shackle. Know why it is there and how we can unshackle ourselves from it. What happens in the USA, ...as per GFC of 2007 has a huge bearing on our domestic situation. The US Federal Reserve is on the record to do whatever it takes to ensure that no harm comes to investors. Not sure if it has the same attitude for small businesses. In light of that approach, printing money and quantitative easing policies are not going to stop tomorrow. Now, I am no economic genius, but I understand the premise that We cannot solve our problems with the same thinking we used when we created them. Albert Einstein In the backdrop, the world is in a recession/depression with drops in revenue, zombie companies, bankruptcies, low consumer confidence with millions unemployed. The road to recovery is full of roadblocks and uncertainties, especially since the pandemic is hindering our normal way of life. I urge you to read the full report, to take actions and if in need to seek support to ensure your business not only survives but prospers. Quick tips to consider Improve your cashflow Have what-if scenarios, prepare for the unexpected Keep yourself informed + aware, seek help to minimize risks and maximize opportunities Link to full article https://blogs.cfainstitute.org//monetary-policy-gone-wild/
11.01.2022 Business Owners are you not getting quality sleep because you are worried about the lack of sales, too much debt, not enough money, issues with employees, problems with equipment and operations? Wouldnt you rather sleep peacefully at night knowing that you need not worry about your business? There are ways to reduce business stress and tackle the challenges that you are facing.... To claim your free discovery session to find out what they may be click the link https://www.results-through-conversation.com/
11.01.2022 Do you know that if you review and analyse your costs you will find net savings? Those net savings automatically improve your cash flow and profitability. A client reviewed and analysed her purchase orders and found alternative suppliers/products. Delivering 25% to 30% in net savings to her business. ... When was the last time you did an audit and reviewed your costs? Could your business benefit from such a review and analysis? Not quite sure how or just interested to know more book your free business discovery call by clicking the link http://results-through-conversation.com.au/
10.01.2022 Business owners, we are living through unparalleled times. Never, even in time of war did we have a shutdown of both the demand and supply side of the economy. Books will be written, and future generations will be taught about what we are living through. Entire chapters will be dedicated to understanding what the hell happened and how did people and businesses respond to the challenges, risks, and opportunities.... For example, the: Risk of cascading bankruptcies across the economy. Stock market removal from the reality of the economy. Spread of the virus, the economic shutdowns, the different approaches, and the communication chosen to combat the virus. The resurgence of the virus. Chapters will be written on how some businesses experienced growth like ZOOM, who saw a rapid increase in its valuation, share price and the daily number of users. Its video conferring application provided the perfect solution in a world where we needed to communicate, trade, and socially interact against the backdrop of enforced restriction on our ability to do so Having helped businesses to navigate change, I can share 3 tips to assist you: Know your business financial health every dollar saved or gained was always important and now more than ever. Consider doing a full cost review of your services or products. Within your business there will be hidden gems to increase your efficiency in delivering your product and services, allocate time & resources to find them and if uncertain how to seek help. For Example, can you automate part of your processes, is your stock management system optimized, have you sourced alternative suppliers that offer better services and pricing? Can you bundle your services/products to add value and make your offer more compelling? You are not alone, your resilience and ability to cope may have been tested in the last few months.. What solutions can your business offer in this changing market? For example, if you are a car detailer what about offering a steam cleaning option to sterilize cars or vehicles What B2B business needs that service, that has multiple drivers and or passengers? Businesses are the backbone of our communities we need to continue to exist, in spite of ordeals, and difficult circumstances. We need to support each other as best we can and rise up as we are to the challenges. Generations before us faced similar or more dyer problems. Let it be written that we created something better.
10.01.2022 Manufacturing and the Perception of Value Tesla although never having made a profit and who makes less than million vehicles has become the most valued car manufacture in the world. Quite spectacular when you consider the might of Toyota with 8.8 million cars and Volkswagen with 10.8 million.... Tesla market valuation is not reflecting actual car sales and or the balance sheet of the company, but rather its future perceived value. A successful outcome for Elon Musk, considering the lunch of Astronauts into space by Space X his other key business enterprise. (Space X is a privately held company) Having worked in manufacturing most of my career, I love of the concept of creating and making real concrete and tangible items to improve the quality of our lives. Elon Musk and Space X had a manufacturing goal to lunch payload and astronauts into space at a competitive rate to become a viable and profitable alternative to countries space agencies. Elon Musk, has a perception of the future and a well-documented desire to land humans on Mars and for us to buy his electric cars. Tesla share price is reflecting that investors are buying into his vision of the near future. For manufacturers and those involved in the manufacturing sector how are you perceiving the near future? What is your competitive advantage? #businessowner #entrepreneur #business #entrepreneurship #smallbusiness #businesswoman #success #smallbusinessowner #businesstips
09.01.2022 Yes, we are facing a challenging time and unfortunately, people are losing their jobs and some businesses will not have the capacity to ride out this economic storm. Its reported up to 20% of all small businesses could fail - and that would mean almost 2 million people would lose their jobs. So, what can we do as business owners not to become a statistic? ... Have an ACTION Plan to stop you from closing the business and to keep it PROFITABLE. Have a ROAD MAP and a Strategic Assessment of where you are right now and where you want to be. Have a strategic plan and a step-by-step approach to help you Generate CASH FLOW until the end of the crises. Im offering a free discovery call to share tools, techniques and strategies to ride out the economic storm and to position your business for the recovery. http://results-through-conversation.com.au/
08.01.2022 SpaceX an illustration of Attitude, Effort and Ability. SpaceX founded in 2002 as a private aerospace manufacturer has in a relatively short time come to dominate the lucrative share of the commercial launch contracts. Last month it successfully transported astronauts to the international space station.... Space X and Elon Musk have changed the economics of space flight refusing to accept the premise that space flight needed to be extremely costly and over-engineered. Fit for purpose, low-cost options and efficiencies are key fundamentals that drive the manufacturing process at SpaceX. Reportedly saying no, it is not possible is described as a career-limiting move. SpaceX mid to long term objectives are to send humankind to Mars and to create a permanent colony. Given that SpaceX is only 18 years old and Elon Musk shear drive anything is possible. Having worked in manufacturing from making Jeans to Submarines I can honestly adhere to the concept that anything can be improved and made more efficiently. In my view, the status quo should always be challenged and the quest for efficiency gains and greater profitability ought to be a fundamental part of any culture. For example: Having incorrect stock on hand will make your materials planning, sales process every bit more complex and inefficient. We all have experienced sorry we dont have it. Our system is showing the wrong stock on hand. At worst you may have a disgruntled customer who may be seeking alternative supply arrangements. Your planned sale or production order will need to be rescheduled or modified. You may need to expedite your purchase order to cover the stock shortfall. You need to adjust your stock and wonder/investigate what when wrong. The above create inefficiencies, complexities, additional costs and more often than not entrenched acceptance that nothing can change. In many ways, SpaceX illustrates we have other options and that if we wish we can be empowered to find alternative more beneficial options. That is what I dedicated my career to find and now offer to my clients. #businessowner #entrepreneur #business #entrepreneurship #smallbusiness #businesswoman #success #smallbusinessowner #businesstips
08.01.2022 The economic shutdown that has followed the coronavirus pandemic has highlighted the vulnerability of supply lines and our dependence on manufactured goods from overseas. The ongoing and remerging lockdowns with there-imposed cuts to output reduced operating hours and, in some cases, forced closures, are only going to cause more complexities and challenges to supply chains. In my market, I have seen anecdotal evidence to support the disruptions with large retailers like Kmart... and Target are having empty shelves or fewer items to sell. For business owners who sell products, if you have not already adjusted, your forecasting and planning formulas, You may want to review the following: Supply Lead Time Safety Stock Purchase Order Confirmation & Tracking of shipments Bottlenecks, delays, and disruption are only likely to increase. The business owners who can leverage and effectively manage their supply chain may gain a competitive edge. Best to be on top for your inventory management to reduce and minimize potential stress in the days and weeks to come.
07.01.2022 Ever had this experience of cant see the forest for the trees? Too involved in the details of a problem to look at the situation as a whole and wasting countless hours and resources to find solutions. I have seen first-hand how asking the right questions can uncover time-saving processes, new ideas, and create solutions. To learn more, click the following link ... https://www.youtube.com/watch?v=dp0n5Xhp-GY #businessowner #entrepreneur #business #entrepreneurship #smallbusiness #businesswoman #success #smallbusinessowner #businesstips #businessowners #womeninbusiness #businesscoach #businessgrowth #smallbusinessowners
06.01.2022 Is it just me, or are you also noticing more empty shops and businesses? I share tips for businesses owners to apply in their business to prevent this happening to them.
06.01.2022 Do you see problems or opportunities? As business owners, our mindset and disposition to challenges will have a bearing on the outcome. I have discovered that if business owners do not recognize what they do not do well and if they do not seek help, their business will suffer and or their growth will be hampered.... 3 tips to assist Seek out an education in the skills that you lack, work on developing a mindset that sees opportunities in every problem/challenge. Hire or subcontract to competent professionals or skilled employees. Have a continuous improvement system. Key benefits Increase your skills and ability to manage the challenges and opportunities within your business and market. Reduce your working hours and focus your activities on the most important part of your business. 20% of activity brings in 80% of your revenue. Identifying and focusing on them will increase your efficiencies. Having a continuous improvement system, will allow you to constantly find ways to save time, resources, adapt to an ever-changing environment, be pro-active rather than reactive and increase your profitability. If you are not sure how and you are seeking clarity reach out and let us have a chat.
05.01.2022 https://hbr.org//coronavirus-is-proving-that-we-need-more- The article from Harvard Business Review makes for interesting reading The Coronavirus Is Proving We Need More Resilient Supply Chains ... The world largest 1,000 companies or their suppliers own more than 12,000 facilities in Covid-19 quarantine areas. The disruption to production, to the flow of materials and components is affecting businesses across the world. As a previous, supply chain professional, I know that many are frantically seeking status updates and putting contingencies plans in place to minimise the disruption to their businesses. Reliance on a single source is always a risking option. It leaves you exposes to any quality, availability shortfalls or natural/man-made disasters. Wherever possible it is best to have alternative suppliers. One option adopted by a company I worked for was to have an 80/20 rule. 80% sourced from the cheaper priced overseas supplier and 20% locally sourced. The local supplier gave us flexibility and reduced exposure to risks. The higher price was negated but the ability to supply our customers and keep operations going when others stopped. The article suggests that you should spend time understanding and mapping your supply chain. Who is your 2nd and 3rd tier supplier? Where does your supplier get his/her components? Understanding your supply chain may give you, insights and abilities to negate risks and quickly adopt alternatives supply arrangement which can lead to a competitive advantage. I would add that many supply chains have introduced Just In Time concepts and mechanisms to have low levels of inventory. Great tools to improve operational effectiveness and cashflow but heavily reliant on a supply chain that flows. The last few weeks have shown that the world supply chain is vulnerable and far too dependent on one source.
05.01.2022 Happy Friday fellow business owners. As we approach the last quarter of 2020, are you on target with your goals? Do you need or seek help to close the gap between where you are now and where you want to be?... Be like some of my clients who are uncovering ways to save time, costs and experiencing growth even in these challenging times. The knowledge shared creates ongoing benefits for years to come and brings them ever closer to having the life they seek to have.
04.01.2022 Be in front of the changes to come from a potential GFC like event. The poor economic numbers are so large that they will potentially unleash an event like the GFC. For those who have not seen the movie The Big Short depicting how some investors and entrepreneurs predicted the crises and edged investments to benefits from the crises while others had massive losses.... I recommend that you see the film. Be aware and have a plan as they did. To assist business owners, I am offering a complimentary business review to make the most of financial security, more time with family and friends. Click the link https://www.results-through-conversation.com/
04.01.2022 The USA has currently 30 Million unemployed, the prediction is that the total number could reach 47 Million, that is a 32% unemployment rate for the world-leading economy. Comparison is being made to the 1930s great depression which is not painting an optimistic picture for the near future. A global recession/depression is very much on the cards, which will decrease the demand for our natural resources.... As a country, we have minimised the number of deaths and avoided scenes like those from hospitals in Northern Italy and New York. Something, we should all be incredibly grateful for. Nether less and despite government assistance, many business owners are sleeping uneasily worrying how, when and if they will be able to reopen and return to normal business operations. 3 quick tips to assist in this challenging time 1. Your Financial Score Have an accurate idea of the daily, weekly, and monthly numbers and financial trends in your business. Master your cash flow 2. Best Practices Formalise your processes and ensure that you are effective and efficient as possible, remembering that every process can be improved. 5% to 10% efficiency gains can represent thousands to your bottom line, especially if cumulative 3. If in financial trouble and facing a permanent closure Seek out professional assistance, the Australian Government made changes to the Bankruptcy law as part of the economic response to the Coronavirus. These temporary changes will be in place for six months from 25 March 2020. https://www.cnbc.com//coronavirus-job-losses-could-total-4
04.01.2022 Most business owners are concerned right now with uncertainty, looking for answers. But the actions you take today could make or break your financial future. Consider taking the following actions to better control your financial future, as we plan to re-open businesses. Have/review your business plan ... Differentiate yourself from your competition do not sound or be like them. Be clear in your marketing and communication - Clearly show why your products or services are the absolute best at solving your customers problems. Know your numbers - How much revenue do you need to generate per day to cover your expenses & profit margin. Be clear on the actions you need to take to create revenue. Remember 20% of your actions will bring 80% of your revenue. Consider having a team of mentors, business coaches, digital marketers & accountants to provide guidance, support, and advice. Do not neglect or underplay the importance of social media to the success of your small business. As Covid-19 demonstrated, plan for the unexpected and have contingencies in place To your business success.
03.01.2022 As business owners 6 reasons why you do not need a business coach. 1. You want to work more 2. You dont want to be more financially secure 3. You dont want to spend more time with family and friends... 4. You know it all 5. You dont want to talk about it 6. You dont want to be held accountable Alternatively, you are seeking solutions to suit your business needs and you want your investment to deliver results. What might you change and why are those outcomes important to you?
02.01.2022 Great to be part of The Organic Podcast with Wade Bekesi Strategy Entrepreneur - Director of Business Development at Mercantile CPA We share a bottle of Temple Bruer organic wine while we discuss business, process improvement, change management and more. https://www.linkedin.com//wade-bekesi-aa59a215_podcast-bus... https://youtu.be/ueFy7g4WHjQ
02.01.2022 There is no escaping that COVID-19 is having a profound negative impact on individuals and businesses in the world. The virus is challenging our sense of normality. Social distancing has become the norm. In a few days, millions became unemployed as businesses were forced to close their doors. Once buoyant and dynamic cities across the world shut down. The curve will be flattened and in time someone will discover a vaccine. The pandemic will come to pass. A sense of normality... will return. But before this happens the mindset we choose to adopt will play a key part in our ability to process and deal with this event. From the perspective of the image, where are you located? Fear Zone Learning Zone Growing Zone I urge you to reach out, seek support to best navigate this turbulent and challenging time.
02.01.2022 As a business owner do you sacrifice your family time to keep your business going and are you looking for solutions to control how and when you choose to spend your time? I understand your dilemma and offer solutions, let me explain. For those, of you who don’t know me and my story, my parents migrated to Australia seeking a change and a better more, enjoyable life.... In Australia, my parents opened a French Take Away serving both savory and patisserie. Before too long as a child, I hardly ever saw my parents. They were too busy working in their business, always tired and stressed about the state of their business. A familiar story for many children of parents who have a small business. Having a business ought to be a vehicle to enrich your life rather than one that drains the life you have. That is why I am all about freeing business owners from working exceedingly long hours, sacrificing precious time away from family and friends with at the same time constantly worrying about financial security. I’ve yet to meet a business that did not have unknown productivity and efficiency gains to uncover. There are ways to free up your time while also growing your business. In a free 45 business review I can demonstrate how to save you time and uncover $10,000 to $50,000 in additional revenue without you needing to invest more in marketing/advertising. Let your business be a vehicle for you to control how and when you invest your time and for you to enjoy the financial freedom it delivers. #businessowner #entrepreneur #business #entrepreneurship #smallbusiness #businesswoman #success #smallbusinessowner #businesstips #businessowners #womeninbusiness #businessgrowth #smallbusinessowners #businessadvice
01.01.2022 Now is not the time to panic, but it is the time to: Look after oneself and those around you Eat right, take care of your immune system, wash your hands.... Always being important to Work on Your Business, now even more so Review your cost structure Look for savings & processes improvements Review and understand your supply chain That we like it or not we are very dependent on China from plastic straws to the medicine we use Mapped out your supply chain, understand where your supplier gets his/her parts from Look for local suppliers or alternative sources Want to discover tools, techniques and strategies on how to best work on your business? Click the link https://releaseforlifecoaching.com/
01.01.2022 A welcome sense of normality is returning.
01.01.2022 Having systems, tools, techniques and strategies to improve services or product delivery is applicable in any economic situation. Any cumulative cost savings, process improvements of 2% to 10% may very much make the difference from having a business or not in this challenging time. Position your business not only to survive but to dominate in the recovery. ... Seek out assistance, collaborate with other business owners, take up opportunities. We may need to isolate but lets be grateful that technology allow us to be connected like never before. To book a free discovery call to discuss how you can apply tools, techniques and strategies to benefit your business click the link http://results-through-conversation.com.au/
01.01.2022 How to maximize your business cash flow and revenue even in these challenging times. 3 Reasons why you may want to consider implementing the following strategy for your small business. End of Covid-19 government financial assistance in September. Economic headwinds from the USA with Covid-19 expanding cases.... Part of Melbourne under enforced look down again We are all still facing a high degree of uncertainties, complexities, and challenges concerning Covid-19 and the economic disruption it has caused. In dealing with small businesses Ive discovered that many are not using their client database to generate additional cash flow and revenue. Let us imagine we are the owners of a hairdressing salon with a database of a 1,000. 1,000 names in Database Conversion rate of 1% 10 extra clients per month @ $125 Additional $1,250 per month or $15,000 per year The how is by creating a compelling offer and communicating that offer to our client database. For example: price shampoo and conditioner with the next service. Bundling of service Head massage with every cut. Now that is just one tool, technique, and strategy. They are countless others to unlock the hidden gems within any business. To learn more, click the following link: https://www.results-through-conversation.com/
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