Business Management Advice

March 20, 2017

Five tips for business expansion

Expansion can mean different things to small businesses. For some it’s about opening more bricks and mortar stores, for others it might mean simply moving from a small office to a larger one, it could mean expanding into international markets, or even broadening your remit and adding online services to an already-established storefront. The question is: How do you know when – and if – it’s the right time to expand your business? If you consider the right timing, get your finances in place, research new markets and establish a customer-first culture you are on track to set your business up for expansion. It’s all about timing How do you know if it’s time to expand? For b.box for kids […]

January 31, 2017

Should Your Let Your Clients (Or Your Staff) See Your Financials?

Last spring, Joel Gascoigne realized he’d made a big mistake. He’s the CEO of Buffer, a social media management company, and business was doing so well that he aggressively staffed up — going from 34 to 94 employees in just more than a year. But although Buffer was still bringing in $875,000 a month, the increased salary burden was eating up all that money and more. “We didn’t get the productivity impact or growth we thought we might get from hiring that many people,” says Gascoigne. Buffer was likely to be broke in five months. So in June 2016, he laid off 10 recent hires. Then the 29-year-old CEO faced an even more daunting challenge: He’d have to explain […]

January 23, 2017

5 Easy ways to Manage the Growth of your Business Effectively

Most business owners say “just give me more sales” but the truth is if they doubled the number of customers they currently have every month they would probably get smashed. They wouldn’t be able to do it and there would be so many complaints and un-happy customers it would actually be really miserable. It’s important as a business owner to grow in an orderly fashion and use a framework like the 5 easy steps below to help you. You’re on the right track If you find your business is going through a period of growth, that’s usually because you’ve done something right! It’s exciting to watch your business grow and develop, however it’s important to remember that everything needs to […]

January 17, 2017

A beginner’s guide to offshoring

Do you have a growing business but find skilled staff hard to come by or expensive to employ? Check out this guide to what offshoring involves for Aussie SMEs. “There’s two sides to the business, really,” explains Tom Cragg of KMC Solutions, an offshoring business based in the Philippines. “The one side is the [virtual] office space … we currently manage around 6,000 desks here in metro Manila. “The other side of the business is what we call ‘staff leasing’. It’s essentially hiring virtual teams on behalf of offshore clients, hiring them under our corporate umbrella, and managing all of the HR and payroll moving forward, as well as the facilities management.” According to Tom, this type of offshoring allows […]