Starting a new business is a daunting project. There are so many factors to consider, starting with the basic business idea, figuring out the functioning, thinking of all the people that will be involved, and most importantly, finances. Even when everything else falls...
Why Is Personal Branding Important?
These days, it seems like everyone from rock stars to accountants are proponent of personal branding. Why? Because they understand the value of creating and perpetuating a viable public identity affiliated with what they do best. CEOs and business owners are, in many...
5 Steps To Reinvigorating Your Business
Now just might be the perfect time to breathe new life into your business. Many small businesses are still struggling financially and find themselves unable to match their pre-pandemic success. Common culprits like inflation, supply chain, and labour of course are...
Planning To Get Your Business Back On Track In The New Financial Year
For many businesses, the start of the financial year is looking promising. With COVID-19 impacts relatively low, high vaccination rates, re-opening of industries, and overall optimism increasing, there’s a lot to look forward to. Now that it's a new financial year,...
What Is A Brand Strategy And How Do I Create An Effective One For Business?
Even if you haven't officially started drafting a brand strategy, you've likely put some thought into your brand and what it means. A brand strategy is a strategic document that explains your company’s background, values, target market and personality. It defines who...
Why Branding Is Important And How To Optimise Your Business’s
Everyone used to know what “branding” meant—a logo, name, catchphrase, or some mixture of these and other graphic design elements to promote a business. In the twenty-first century, the concept of branding has come to encompass far more than that, including a...
How To Hire The Right People For Your Small Business
Many businesses are struggling to find the right people in this economic environment. Unemployment is at a low of 3.9% meaning there are less people available looking for jobs. Daniel Wong from The Alternative Board gives a few comprehensive tips that small businesses...
3 Qualities To Look For In Your Next MVP
Hiring challenges rage on for small businesses and big corporations alike, with little chance of a turnaround coming any time soon. According to the latest statistics, Australian unemployment rates have been hovering around 3.9%. Hundreds of thousands of job openings...
The Unique Nature Of Personal Vision Statements And The Family
After graduating from college with a law degree, I went to work for a publicly owned company. My boss informed me on the first day that my decisions needed to be guided by the principle that the purpose of the company was to maximise growth and profits. This certainly...
Creative Solutions That Build A Culture Of Innovation
These days, innovation counts as a key differentiator among competing businesses. What are the next great ideas and who will come up with them? Companies that rely upon a small group of people within the organisation to develop proposed innovations may be missing out...
A Quick Guide To Effective Chain Supply Management
Ensuring a disruption-free supply chain is (or should be) a key goal for every CEO and business leader. This facet of operations has become even more prominent, due to supply chain troubles surfacing within the past several months. According to Logistics Plus,...
Working From Home Versus Office: The Pros And Cons And How To Entice Employees Back To Workspaces
Working from home was launched truly into the mainstream with the emergence of the pandemic in 2020, but as concern for COVID-19 recedes, getting employees back into the office can be a challenge. According to a recent article by ABC News, Tesla chief executive Elon...
Quick And Easy Way To Maintain An Active LinkedIn Presence
LinkedIn is a mainstay social media platform for business owners and professionals. No news flash there. But while most of us understand that having an engaging LinkedIn presence can bring tremendous value, many feel that the effort involved can be overwhelming....
Why The Labour Market Shortages Could Be A Positive For Your Business
Hiring challenges rage on for small businesses and big corporations alike, with little chance of a turnaround coming any time soon. According to the Australian Bureau of Statistics, the total job vacancies in Australia were 423,500, an increase of 6.9% from November...
How To Improve Your Pricing And Supply Chain Management
For nearly two years, the global supply chain crisis has wreaked havoc on businesses across the world. It wasn’t anything anyone expected, and many businesses had to adapt in order to survive. Even today, we continue to feel the impacts of this ongoing issue. Like...
Clamouring For Talent: 3 Ways To Improve Employee Retention
It is still a tough labour market out there. The Great Resignation and the lack of of eager job candidates are keeping business owners shorthanded and clamouring for new talent. In many cases, this results in a business’s profound inability to meet customer needs....
6 Tips On Turning Great Employees Into Outstanding Leaders
The current job market is competitive; why make it any more difficult to recruit and retain the right people for your company? Too many businesses focus on getting bodies into open positions, but neglect grooming new hires (as well as veteran employees) for positions...
How Mentoring Can Help Build Your Business And Add Value To The Community
If you are a business owner experiencing an influx of young talent to your team, it might be time to consider creating a mentorship program. There is an onslaught of young, remarkable talent either still new to or just about to enter the workplace. It is estimated...
What SWOT Analysis Is And How It Can Help Your Business
At The Alternative Board, we've heard hundreds of stories about how and why clients got into business. Each story differs, but one thing remains common: every one of them got into business to provide better services to their customers than the competition. The truth...
Ways To Handle Supply Chain Shortages
You don’t need a crystal ball to see that supply chain disruptions are likely to continue for some time to come. As we are all becoming painfully aware, supply chain disruption “is a major factor driving prices higher around the globe,” notes CNN, “… and predicting...
How Laser Warriors Survived The Pandemic And Gained New Vision
Twelve years ago, Nicholas’ love for laser tag inspired his father to build up a company that continues to do better every day, despite the many hurdles thrown towards it especially during the current pandemic. Laser Warriors is a mobile laser tag business that...
15 Painless Ways To Reduce Your Business Expenses: Inflation Busters
The facts are in–inflation is growing much faster than wages. Simply, it costs more to do business, and most analysts agree there is no quick fix. The Australian election campaign has been heavily focused on inflation and the cost of living, and both parties agree...
How Student Concierge Services Pivoted Its Business During The Pandemic
When the pandemic saw international borders close, international students were some of the most dramatically affected. Thus, owning a business working with international students was a most challenging time. Danielle Pringle is an individual business owner,...
How Becoming A Mentor Can Make You A Better Leader
Chances are, most successful individuals have benefited from being mentored by a CEO, owner or another business leader at some time in their professional career. If you’re among this group, you’ll likely remember how valuable the experience proved to be. Generally...
Mikael Wedemeyer & Nathan Mussig – Niche Studio
"Since joining TAB, we’ve realised that the challenges and experiences of being in business are universal. So, the different perspectives from the board members, the structure and the format TAB uses has really helped us to foster strong and productive relationships....
Gerry Kleinitz – KDT Fabrications
"Being a member has given me far better clarity and direction in both my business and work-life balance. Speaking openly about the challenges facing my business with the other board members, having them share their ideas, likely solutions and opinions, has helped...
Tori Van Der Donk – Aegis Business Services
"Our mentor and fellow board members hold us accountable for the goals and actions we share, so you want to make progress on them each month. Our Facilitator asks hard questions that we've been avoiding asking ourselves, ensuring we answer truthfully and then do...
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