Whether in a small startup company or a major organisation, being a leader is a tough job for many. While at times it may even seem insurmountable, there are steps that can be taken to improve leadership skills. In many cases, it’s as easy as being able to communicate, offer guidance to staff and even …
Effective and productive employees are the backbone of any successful company, but many businesses can find it a struggle to retain the best workers. As such, it’s important to understand how to effectively keep staff as part of a wider business strategy. Here are four ways to retain employees, and ensure ongoing staff retention is high. Communicate …
Data breaches can be highly damaging for businesses, especially considering the increasing amounts of important information that’s being stored on digital systems. A recent study from Advisen earlier in the year found 14 per cent of the smallest companies in the Asia Pacific believed cyber risks to pose a serious threat to operations. These companies …
Following the formation of a new small business, there’s often a substantial amount of focus needed for hiring new staff, seeking outside investment and managing growth. As such, it’s easy to forget one key aspect that requires attention throughout operations – sound financial management. It’s important that the necessity of effectively managing finances is understood, …
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Technology has changed modern businesses, enabling fast and effective communication, as well as improving collaboration and access to information. However, the IT sector is expansive, and requires appropriate planning if it’s to become a strong aspect of business development. Understanding why a technology plan is required and the best methods of implementation are crucial to successful …
Small businesses can occasionally be at a loss as to how to continue growing, whether it’s after the initial investment period or even several years into operations. Growth is essential for the survival of a business, and that’s why it’s important to understand how to continue effective expansion. Consider the points below as part of a comprehensive business …
Attracting an investor is no easy task, especially if you’re just getting started as a small business. However, a strong investor can form the foundation for future growth, and become a stepping stone to long term profitability and success. That’s why it’s important to take the time early on to ensure your business is in …
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Every business starts with a great idea, one that provides the initial drive needed to seek funding, hire staff, develop expansion plans and take out the first office space. For most business owners, this can’t fuel the fire forever, and they need to begin thinking long term with regards to surviving the first year of operations …
Starting out as a new business means tackling a number of challenges, including securing funding from investors, developing a strategy moving forward and establishing your services. To help guide your business through its early stages, a comprehensive business plan can go a long way, and provide lasting benefits. Testing your idea One of the most …
