When you’re busy trying to build your business, you don’t spend much time thinking about how you’ll eventually end it. Sure, you might think that one day you’d like to retire. But while you can envision yourself golfing or gardening, what’s happened to your business? You need an “exit plan.” An exit plan is the…
Choosing an office space for a business is a big decision; not only do owners have to consider what size space they require, but they also have to factor in things like the budget for rent and office proximity to public transport. Remaining focused on the essentials is key to finding the perfect office space.…
It is incredible the impact that the physical characteristics of an office can have upon workplace productivity. Elements such as colour schemes and office layout, which may seem inconsequential, can have tremendous effects on productivity. Here are three things to consider when redecorating your office space: Lighting: Natural light has a positive effect on people’s…
One of the biggest challenges currently facing business managers and employers is how to retain millennial talent. Younger workers are quite different to other generations and are therefore much harder to retain than any other working demographic. Common reasons associated with young workers jumping ship include not feeling connected to a business, not seeing any…
Since employee morale can quickly build or hinder a business’s success, business owners increasingly need to focus on keeping employees motivated and engaged. As low morale is often the cause of increased turnover and low productivity it pays to be proactive when it comes to managing employee satisfaction. Here are some strategies to improve employee…
Staying on top of your records all year round can save time, prevent unnecessary stress and help maximise a small business’s tax return. Although record-keeping can seem like a monotonous job, it is an essential part of running a business. Good recordkeeping makes it easier to meet your tax obligations, manage cash flow and make…
One of the top considerations new business owners face when preparing where to operate is location. Location is one of the most critical decisions as it can determine whether customers will enter your store or shop with your competitors. There are many factors to consider when determining location such as demographics, visibility, supply chain, competition,…
