Cafe and restaurant owners have faced significant challenges in 2024, and they will be hoping the new year brings improved operating conditions. The hospitality industry operates on thin profit margins at the best of times; however, the last 12 months have delivered a perfect storm of difficult trading conditions. Increasing Cost of Labour The Fair...
Making mistakes and errors of judgement is all part of running a company. However, these problems are especially prevalent (and even more frustrating) when you’re a brand-new business owner. This is when hiring a startup business consultant can be a really smart move. When you run a small business, there are so many different roles...
Running a business involves wearing many hats and having to be across every area all the time. It can often feel like there’s no time to stop and assess where you are now and where you want to be. But did you realise that whilst you’re working, you’re also generating a ton of untapped data?...
Opinion Piece OPTUS CEO Kelly Bayer Rosmarin was left with no further cards to play this week and handed in her resignation. From time to time there seems to be an event such as the Optus Outage where the media storm is significantly greater than other such events. While in charge the business had two...
When you’re in business, it’s important to keep track of your finances. Knowing how best to do that, however, can be tricky. Traditionally, hiring a full-time chief financial officer (CFO) was the way to go. In a senior executive role, they'd be in charge of assessing and managing the company’s finances. They'd also provide financial...
According to Australia Post’s recent Inside Australian Online Shopping Report, Aussies spent $63.8 billion on online goods in 2022, accounting for 18.1% of the total retail spend. This growing figure is yet another reason why businesses should invest in an online store, and an ecommerce consultant would be just the person to help make it...
Whether you’re just starting up a business or into your 20th year of running one, there are many reasons why you may want to invest in some outside help. You might need assistance building a new website and tracking orders, or you want advice on how to communicate better to your staff and customers. Maybe...
Did you know that approx. 20% of small businesses will fail in their first year, and up to 60% of start–ups won’t survive beyond three years? These are sad statistics, especially considering the amount of blood, sweat and tears that goes into the early stages of running a business. It can be a risky endeavour,...
There is an ever–growing tendency amongst small business owners to build their own digital stores when launching an online business. Often the motivation is money, as they’d rather have a go themselves than pay for an expert website designer and developer to do it for them. However, the relatively small sum they will save will...
Running a business can be hard going. Not only do you have to look after the day-to-day tasks and activities such as managing stock, organising staff and providing good customer service, you also need to be constantly monitoring the operations behind the scenes too, such as tracking sales, placing orders, cooperating with partners and communicating...