Succession Planning for your business is an easy topic to grasp: it’s about putting a plan in place for your business so ultimately, when you sell – be it to family, staff or the market – you will not only maximise your price, but ensure an easy transition process that will increase the marketability to a prospective buyer. Well, that seems like a pretty important document to me, so why do so many of us put off what is akin to an ‘insurance plan’ for our future?
If you have ever attempted to start your own online business, or any website for that matter, then you must be all too familiar with its similarities to say, building a house. The budget and timeline you begin with bare no relevance to the budget and timeline you end up with. This is the case…
In the early days of starting up a business, it’s common for entrepreneurs to accept any money that comes their way. Yet, this can backfire if you end up working with investors who have a different agenda than you do. An investor-entrepreneur relationship is ideally a long-term one; so it’s important to craft a pitch…
We’re big fans of the new video project by 9×9 Web Thinkers. Not only does is look the business, it’s also got the smarts to back it up. If there is one fault we have with the concept, it is that the HTML5, while eye-popping and cool, is inherently unsharable. We would have liked to have shared a snippet with you here — a teaser to whet your appetite — but nay.
According to the Australian Bureau of Statistics, about 2.5 million Australians are currently employed on a casual basis, reinforcing experts’ beliefs that this is not a passing fad but a global trend that is set to redefine the workforce.
Everyone is a negotiator. Irrespective of your job title, rarely a day goes by in business when you are not negotiating something with someone, whether it is a supplier, customer, employee, co-worker or partner. It does not matter whether you are in the middle of a make-or-break deal or simply trying to influence the choice…
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