Home Management Matters
News, opinions and advice on managing business systems and people.
Markets progress through calculable patterns cycling through expansions and contractions, and consumers respond in predictable ways. Things might be worse than normal given the nature of a pandemic, but things always get better.
Findings from the Global Slavery Index estimate there were approximately 15,000 people living in “conditions of modern slavery” in Australia in 2016.
Through careful consideration and planning, businesses can start to rebuild steady profits during the transition back to ‘business as usual’.
Whether you’re a freelancer, self-employed, or someone who has found themselves working from home during the shutdowns, knowing how to run a low-cost and energy-efficient home office will help save you money and minimise your carbon footprint.
But pricing is not an exact science and data alone is not enough to decide the numbers. Psychology, art, maths, science and a little intuition are all key ingredients to successful pricing.
During our nation’s shutdown, I’ve witnessed a few retailers surviving, others thriving, while the majority have experienced a significant downturn or have seen their revenue cease altogether.
Leading a team in the time of COVID-19 brings a number of challenges. First of all, the external environment is changing at an extraordinary rate.
People everywhere have had to adjust their personal and working lives to deal with the aftermath of drastic changes to industry, business processes and job prospects.
There’s no textbook on how to run a business in a pandemic and there’s no template for a business model that will withstand every storm.
It’s now evident that an emotionally agile and resilient workforce has a massive bearing on the results of teams and organisations.
As the health crisis develops daily and social distancing measures differ state to state, small and medium Australian businesses are under pressure to outlive the pandemic.
When your business is on the line, there is no room for indecisiveness, hesitation and a “business as usual” attitude if you want to survive.
COVID-19 has shaken us all up to the extent that the spotlight has been shone on some of the historical misconceptions of what makes a great manager great.
For business owners, the stakes are particularly high as the Australian business community battles through some of the toughest economic conditions since the Global Financial Crisis.
As a new business owner, determining how to allocate your budget is one of the most difficult (and important) decisions you will have to make.
The scope and speed of Corona-related impacts are staggering, requiring dramatic business adaption and presenting an existential threat to many organisations.
It’s also critical to understand that contracting in fear is the worst response a leader can have to an economic crisis. In order to build business resilience, it’s time to push hard and get aggressive with your marketing spend.
With a growing number of employees being encouraged or directed to work from home (WFH) during the coronavirus pandemic, the largest work-from-home experiment is testing Australian businesses and employees.
With many millions of retailers worldwide currently in a temporary, induced shut-down as governments and authorities seek to stem the spread of coronavirus, it’s a concerning time.
Businesses that have already executed with speed and pivoted are either seeing the rewards, or have taken measures to reduce the impact on their business.