Management Matters

Your goal in these challenging times is to keep focusing on how you can generate more income for your business. Keep asking yourself: "Is this the best use of my time? Is this going to generate more money for my business?" If it is not, stop doing it, or outsource it.

When two people decide to start a business together, it's hard for them to see how this promising relationship might one day turn sour. Managing the end-game is something to get right at the beginning with a stakeholders agreement. Russell Wheeler explains why.

If we are to defend and improve our competitive standing as a first-tier global economy, Australia needs to invest heavily in the development of...

If we are to defend and improve our competitive standing as a first-tier global economy, Australia needs to invest heavily in the development of...

Last year I was enlightened by a friend about the 3 Fs of work - Fun, Fame or Fortune. This lady is a brilliant...

Most business owners stress out at the thought of redundancies. It is very important to find a middle ground (it will never be a perfect balance) between acting under the legal and commercial requirements and responding humanely to people's lives being affected so dramatically. Here are 21 things you must consider before carrying out redundancies.

PowerBuy is the new, fast & easy way to save on I.T. During my last role as marketing director for a well known I.T. manufacturer...

How would your business cope with a 20-30 percent drop in turnover? How do business owners deal with the wave of economic uncertainty that's reported on every day in the news, and decide what actions to take to survive and guide their business through (what we all hope will be) the inevitable upturn?

For these businesses (and their owners) to survive this rapidly changing economic environment intact, they just can't continue to do everything by themselves. To be successful, they need to have an experienced team around them to provide the information, experience and support to meet these growing challenges. This team needs to be able to provide the experienced advice that is needed. They need to know how to handle a difficult economic environment. They need to be flexible. And they need to be affordable for the business.

The Global Financial Crisis (a gift from our good friends, CEOs in the USA) is bringing many of us a lot of pain and there is plenty more to come. However, it also brings us a rare opportunity for change. Let's use this time of pain to make painful changes so that when we hit the upswing, we have a better system.

It might seem logical to discount during an economic downturn. You need to boost sales and attract new customers. And customers are tightening their belts and shopping around for the best price. But is discounting the best option over the long-term?

It seems like everyone is scrambling to find ways to cut costs these days. Projects are being put on hold, redundancies are piling up, travel scaled back, etc. And when it comes to technology costs, no organisation is safe. But how do you ensure IT does its part to reduce costs while ensuring you don't compromise security or competitive advantage? There are a number of maturing technologies that are peaking at just the right time to deliver in the downturn.

Across the board, strong businesses are those that are well run and designed to withstand outside influences, or have factored in potential risks and have a plan to manage the situation.

Grow Me The Money is a 12 month online program designed to help small to medium sized businesses become more sustainable and save money....

We decided to ask you, our very innovative readers, to tell us how you have tweaked your own business models to build new revenue streams and make money in this destructively distracting economic climate (rather than 'save' it). And, of course, we'll publish the most interesting, innovative, inspiring and instructional in our Apr/May/Jun print edition.

We decided to ask you, our very innovative readers, to tell us how you have tweaked your own business models to build new revenue streams and make money in this destructively distracting economic climate (rather than 'save' it). And, of course, we'll publish the most interesting, innovative, inspiring and instructional in our Apr/May/Jun print edition.

It's a time of debt, liquidation and even bankruptcy for small businesses. Hopes that the credit crunch might prove more hype than hurt have long since faded. However, when the economy is leaning towards a recession, there are still opportunities for businesses to not only survive, but thrive.

This probably comes as no surprise, but lovers, dreamers and schemers across the nation are expected to go cheap this Valentine's Day (which is tomorrow, gentlemen... eh-herm).

This probably comes as no surprise, but lovers, dreamers and schemers across the nation are expected to go cheap this Valentine's Day (which is tomorrow, gentlemen... eh-herm).

Even those who can sense a good commercial deal and have the acumen to negotiate the terms are often uncertain how to document their...