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A Profit Share System for key employees? Why didn’t I think of that?! Thankfully many of us have some great employees working with us at the moment, which is why employee retention and job satisfaction probably continue to remain high on our list of priorities. One employee retention strategy that I like is the Profit Share System (PSS). I developed a system for the landscape industry years ago, after using one for years in my previous business. When you get a PSS right, it contributes significantly to

As you know, our daily habits can work for, or against us in achieving productive days and achieving our goals. In this article, we will look at whether your daily habits are effective, or and if some need to change. Starting the day You probably start the day the same way and have been doing so for many years. Get up at the same time, conversations with your kids and wife (or not if it’s too early), breakfast at the same time, look at text messages and/or

Talking to landscapers around the country recently, they are reporting that enquiries from potential clients have started again. Which is great news! The Government has recently mentioned that Australia is on its way back from the Virus, which is also great news, and the COVID-19 Restrictions will be slowly eased during May and June. We have all been challenged by COVID-19 (personally and professionally), but it’s now time to plan for a more robust Winter/Spring. Here are some key strategies. Know your current financial situation and stable future

To assist business owners in preparing their businesses for the economic downturn that we are experiencing, here is some information collated from Government websites to help clarify the key pieces of information that company Directors need to know. Employees Speak to your employees regarding a possible shutdown of your business in the coming weeks. Explain the seriousness of the virus and that we all must do what we can to stop the spread. Mention that Centrelink payments can be received and superannuation can be accessed to help

Business automation is creating greater efficiency, saving time and money, and allowing the transferal and reporting of information to be more accurate. Let's have a look at some the areas we could be utilising business automation via simple software/app technologies. Scheduling Most of us are probably utilising our computer calendars (Apple or Windows) every day to book business meetings. It wasn’t that long ago when we were using a paper diary. I remember, when I made the transfer from a paper diary to my Windows diary. It took

Now that you are back running your business, it is the perfect time to think about what you want to see happen throughout the year. Set One Major Goal for the Next 12 Months If you could achieve anything in your business this year, what major achievement would put a massive smile on your face and allow you to feel this year has been great? Often when we think about a major goal, we might talk ourselves out of going for it because we find many reasons why

The end of the year is fast approaching, and if you reflect briefly over the past 12 months, you will find that many people have helped you and your business achieve goals, complete projects, execute transactions, perform thousands of tasks, learn lessons and helped your business maintain its strong reputation. December is the month we send out good wishes to clients, associates, suppliers and employees to enjoy Christmas and the holiday period. So with that in mind, how could you express gratitude to all the people

The Richmond Football Club’s transformation is a great story, going from a struggling club (poor form and extreme debt) to winning 2 premierships in the last 3 years and becoming one of the strongest clubs in the AFL. Let’s look at some of the key cultural changes they made and what can be applied to a small business. 1. Crystal clear vision Back in 2010, the newly appointed President of the Richmond Football Club, Peggy O’Neal, submitted a vision to the board. It involved the appointment of

We all decide to run our own business for many reasons, but we also want to earn a worthwhile return on investment (wages and net profit), so to ensure that happens, we must understand our financials and regularly monitor and manage them. To understand the money side of your business, you don’t have to be a financial expert, you just need to work with a good bookkeeper to help you set up, analyse and monitor the necessary reports regularly. The pay-off will be more peace of

You may have noticed that enquiries and sales have slowed a little this year compared to last year. It’s not surprising considering we have experienced a Federal election, a State election in NSW, the banking royal commission and a downturn in the property market. However, enquiries and sales have definitely spiked a little since the election result was decided on May 18,  but what can you do to give your business the boost it may require? Get Proactive It all begins with your attitude and approach. Nothing will change

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