Management Matters
News, opinions and advice on managing business systems and people.
Untangling the Red Tape – Standard Business Reporting starts July 2010
The tangle of red tape is shortly about to be made much simpler and more seamless as a result of an initiative led by the Australian Treasury called 'Standard Business Reporting', which will be available from 1 July, 2010.
Making your cash… flow
Cashflow problems often arise due to lack of understanding of how cash moves through a business and the difference between profit and cash flow. Here are some great tips to help ensure that your cash is flowing in the right direction.
Inshore, offshore… which shore? Have you heard of in-sourcing and near-shoring?
Over the past fifteen years, outsourcing has been an increasingly common practice allowing businesses to reduce costs and therefore pour resources into growth. However, with the upheaval of the last eighteen months, business as usual has seen its foundations shaken and reshaped. Is outsourcing still the best option, or should businesses be trying to claim more of the value chain for themselves? Should they still be offshoring, or will nearshoring bring greater profits in the future?
Here are 10 team-building games you should try playing with your employees [SPONSORED]
Companies from all over the world have been known to embrace team building games as a way to motivate and encourage employees. In Australia, many companies engage their teams in both indoor games as well as outdoor activities to motivate them.
How to determine the right split for your startup equity [VIDEO]
Sweat equity? Equity for effort? Equity for cash? Equity for IP?
There are many different models that can be implemented to determine who gets equity...
Don’t snooze this Christmas: 5 specialist tips on how to avoid being unproductive at...
With the personal and professional pressures of Christmas, managing the tension between being good busy and overwhelmingly busy becomes more difficult.
The top five mistakes that cause most investment deals in Australia to fail
Mistake #1 – Assuming the other side are idiots
Mark Carnegie, the founder of M. H. Carnegie & Co. Investment Committee, was recently quoted as...
Is Corridor Combat affecting your workplace?
Corridor combat: when two people who are not getting on well at work – pass each other in the corridor – each smiles at the other while muttering silently “F… you”.
How you can turn your human firewall from the weakest link into your biggest...
The best approach is to implement a simulation and training program to improve security awareness for your users.
Business lessons from Hollywood: if your business was a movie, would it be a...
Nothing highlights how dizzying financial success can be in Hollywood like how the high-octane thriller ‘Furious 7’ made the fastest ever initial rise in...
In Venture Capital, it’s all about the People
The acknowledged power law in VC suggests that only one in ten venture funded startups will achieve the 10x return profile...
How to grow your business without borrowing
If you've tried to get new lending or renew an existing loan recently, you'll know just how hard it is. As a result of...
What to do when business success hijacks the original vision
RICHARD Chattaway and Michael Cusack are serious businessmen who spend their days playing with plasticine in South Australia.
Do you know your customer’s rights when they return an item? Here are 8...
Think customers need to produce a receipt, or the original packaging, to return an item? Think again. Retailers might have developed bespoke returns policies that they require customers to adhere to, but leading parcel delivery service CouriersPlease (CP) has done all the research to find out specific rules around returns every retailer should know about.
Do you have one of these 7 toxic employees wrecking havoc in your business?...
Toxic employees are the single major workplace issue for Australian employers within SMEs, based on findings by Employsure, Australia’s largest employee relations advisory service.
While most businesses struggle with succession, this new CEO pulled off 40 per cent...
Most founders who have worked hard to build highly successful businesses struggle with handing over ‘their baby’ to a new CEO when looking to...
Here are 5 ways for your business to get the most out of HR...
For businesses seeking to successfully navigate 2018 and embrace digital, strengthening your HR credentials could transform both your workplace and business performance. It’s time to take your HR into the twenty-first century.
What can a bunch of dancing doctors teach every entrepreneur? One important lesson [VIDEO]
This is a video of a dancing group of doctors. Or, is there a better collective noun for doctors other than 'group'? The CEO...
Here’s to celebrating 30 years of mobile phone technology [VIDEO]
Yes, the mobile phone is reaching the age of anxiety - 30! Well, in Korea anyway.
SK Telecom, a Korean telco, celebrated the event with...
Why the bad news on unemployment isn’t so bad after all
In this podcast, economist Sinclair Davidson looks at the latest unemployment figures. He says the rise to 5.3% is not as bad as it seems because it shows the job market is picking up with more people looking for work.