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Unlock Innovation to improve your profit

When I discuss innovation with SME owners or leaders the first impression they have is that it applies to large corporates, not a small or medium size business.  Furthermore SME owners generally refer to innovation as investment in R&D or technology. However nothing could be further from the truth and the reality is that there…

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Change equals profit!

Title: Change is the only way to improve profitability in business.          Phil-osophy- “There are only two types of businesses, those that change and those that disappear.” In business we have never seen an environment where the rate of change and the need to change has been so great and experts predict that this rate of…

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Embrace change and make more profit!

Change is the only way to improve profitability in business.          In business we have never seen an environment where the rate of change and the need to change has been so great and experts predict that this rate of change will increase significantly over the next five to ten years. With this in mind, my…

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12 secrets to improving profit!

In business I can’t emphasize strongly enough the importance of making acceptable profits and growth and that one of the principle objectives of being in business must be to achieve long term sustainable profit growth. The majority of SME businesses either don’t make enough profit or find it difficult to grow, yet from my experience…

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Profit is not a dirty word!

Phil-osophy “A business must make sufficient profit to make the efforts, energies and risks of being in business worthwhile.” There is one fundamental question I always ask a business owner, “what are you in business for?” Although there are many and varied responses, all owners generally include an element of financial betterment. The reality is…

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Balance your work, balance your life

The subject of work life balance is an interesting and extensive subject and the way you look at the subject very much depends on whether you are a life coach or business coach. As a business coach I consider it essential that the owners and leaders of business have a good work life balance and…

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Leadership verses Mindset shift

Over the years as a business and profit coach, I have worked with many companies from many industries, and as I mentioned in my opening article, one of the biggest challenges facing owners of small to medium size business is leadership. The reason for this is that to significantly improve the performance of a business,…

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Protecting the Value of Business Ownership

Written by Darryl La’Brooy Financial Planning Specialist Hillross daryl.labrooy@hillross.com.au In my experience successful businesses are built up overtime, unless you happen to be in the Information Technology field.  In many cases owners have put in a lifetime of effort.  Generally the value of a business is reflected in two ways, one the income it provides…

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If you sold your business today would you make a profit?

Unfortunately the answer most likely would be no! Statistics show that 90% of business do not sell and those that do, very few achieve a price anywhere near what they asked.  Also those that do sell feel compelled to sell at a price that is an inadequate reward for the many years of effort, energies…

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