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Managing risks

How to Minimise the Damage from a Burst Pipe

A burst pipe is something that many people experience in their home or business at some time; it’s... read more

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Managing risks

It's a new year - time to review and risk proof your business

Welcome to the new year! So I assume by now you have done your forecasts, reset your goals,... read more

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Jef LippiattOwner at Startup Chucktown
I agree. It is always best to self-assess frequently and routinely. Plus doing so not only helps when key employees move on but help train new employees and keep you informed of your own business.
Lina BarfootEditor at SavvySME
Great article! That's always my motto; "just do it!" :)
Managing risks

The Four Types of Project Management Risks

Every project manager needs to understand how to minimize risks that can hinder the successful... read more

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Alex Chester
Thanks, Jef. I totally agree.
Jef LippiattOwner at Startup Chucktown
Great coverage on project management risks. I think that digital projects need to think about the "Security" quite a bit more than they currently do.
Managing risks

Importance of Data: Collect It To Save It!

Increasing prices for products is the easiest way to increase revenue, but consumers don’t always... read more

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Managing risks

Why You Need a Small Business Buy Sell Agreement

Most people do not really understand what a small business buy sell agreement is. A simple... read more

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Hitesh Mohanlal Director at WOW! Advisors & Business Accountants
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Managing risks

Hobbies are meant to be fun, not an exercise in project management

One of my hobbies is building and flying radio control model aircraft. Not the small foam ones... read more

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Jason FurnessOwner at Manufacturship
Thanks Wendy & Phil :-)
Phil KhorFounder at SavvySME
Great article Jason. As the saying goes, "If we fail to plan, we plan to fail". Thanks for sharing.
Managing risks

Market Risk And A Fear of Flying

The fear of flying is different than the risk of flying. The fear of flying is an anxiety disorder...read more

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Managing risks

Are you being culturally aware or culturally manipulated?

It is no secret that one of the biggest hurdles to overcome when dealing with a company from a... read more

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Brian Le Mon Owner at GBOS
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Linda Paull at Linda Paull Copywriter
Having lived in Turkey for ten years, I often found that people chose to use cultural difference to their advantage when it suited them, but would try to appear as rational and western thinking as possible at other times. You can only do what's right for your business, and stand your ground when you need to. Fact is that they understood that the way they ran their businesses was often not productive, but they were stuck in old cultural habits, so sometimes when you stand your ground, you're actually helping them out as well.
Brian Le MonOwner at GBOS
Hi Ling, If you know the other language it may be of assistance. It is also probably to your benefit if you do know the language not to let the other party onto the secret. Unfortunately the scenario is more widespread than China (that being said China is likely the most experienced in the manipulation aspect) so if you are in the business of working with manufacturers from multiple countries you end up in a situation where you need to know and be fluent in 5 or more languages. The language aspect is less of an issue that the cultural one as many factories will have English speaking representatives and hiring a translator in the region (if you are inspired to do so) is cheap. It is a bit of a game working with suppliers in the region. And often you will likely be branded another dumb / naive Westerner until you prove otherwise. I guess one of the secrets to our success is I make it obvious that I understand and can work within the cultural considerations of the deal, but also am able to show suppliers relatively early that if there is a problem that arises from their mistake I will very quickly drop the game and hold them responsible without excessive care about causing offence. It is a fine line to walk and I have had manufacturers who quite obviously regard me with distaste at the start of a contract, change to regarding me with the utmost of respect and actively seek out my opinion towards the end of the contract. Thanks for all your comments. Brian
Managing risks

Small Business and Risk Management

Small Business and Risk Management Most small businesses think they understand their risks but do... read more

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Michael Prior Principal at PB Advisory Group
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Managing risks

How to Detect and Prevent Charity Fraud

Charities exist to give us hope for a better tomorrow. In the face of calamities like natural... read more

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Melissa Davis marketing at Australian Foundation
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Eric PhuahOwner at Hystericalz Pty Ltd
Everyone should read these tips so that charitable money doesn't go to the wrong type of people. Thanks for the article Melissa!
Managing risks

Responsibilities of a credit manager

​   Credit managers play a significant role in determining whether a business takes on a good or... read more

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SavvySME Official Official Account at SavvySME
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