Employees value these things
I have noticed a shift in how businesses are looking at the remuneration of their employees. While the specific priorities of employees can vary depending on individual circumstances and personal preferences, there are several common factors that tend to be highly valued by employees. Here…
Business Competition
Recently I was having a conversation with a friend about competition and how it related to pricing. The general view was that competition drives prices down – and that’s it. I said it was not necessarily the case and mentioned food process, fuel prices and…
Should i sell my business to a staff member?
Over the past few years, more business owners have started the planning process for exiting. Something that has become increasingly common is owners are wanting to offer the business to existing staff. What I have found is there are several difficult things to contemplate when…
Productivity – what is it actually?
We often talk about making our businesses more productive. It is common in the media to hear things like “we need to be more productive” to offset things like rising prices on supplies. But, what is productivity? For the most part, we think of productivity…
Learning Styles
Have you ever had a team meeting, shared your wishes on what needs to happen, only to find that only a few of the troops do what you ask? I often hear things like “I don’t know how many times I have to say something…
What is your Hourly Rate?
The question of hourly rates is very relevant now. With costs increasing almost everywhere, business margins are being squeezed at a relentless rate. If you are in a service-based industry where your revenue includes a charge for time, then this may be of some interest…
What’s in a margin?
Lately, most of us will have been dealing with rising costs in our businesses. In particular, the rising cost of materials. This is not a new phenomenon, but the frequency of rises on materials has hit new highs and is not showing any signs of…
Sew, Mow or Row
In your business, are you the: Sewer? (The clothing type – not wastewater!!) Mower? Rower? The Sewer They are the fixers. They spend an extraordinary amount of their time (perhaps all of it) working on things in their business that are broken, or in need…
10 things to be learnt from 2020
You can’t predict change but you can prepare for it.So much happened last year that was unexpected that at times it was quite overwhelming. In the early stages of the year, much activity was reactive and decision making was made on the “fly”. Looking forward,…
Exit Plan or Escape Plan?
When it comes to the way we react to certain situations, there are typically two main types of behaviour that we all fit in to. A) Move Towards; or, B) Move Away. Neither are problematic, and there will be times when we exhibit both types…
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