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Social media

How to Beat Your Competition In The Social World

If you want to stay a step ahead of the competition then knowing how to use the internet for your... read more

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Managing employees

How do we like to feel appreciated?

Did you know that in our core essence we want only two things – to be loved and to be appreciated?... read more

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Damir Butkovic Director at Damir Butkovic
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Han Teng
Thank you so much for sharing Damir. I really love what you wrote and quickly applying it :)
Eric PhuahOwner at Hystericalz Pty Ltd
Great article Damir, I won't go into my own love languages since there are so many types, but in the workplace as long as there is sincerity and genuineness from others, then I feel it will be appreciated.
Running your business

Creating a Better Boardroom Meeting

No matter what size business you're running, if you have regular board room meetings, you want to... read more

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Buying and selling businesses

Small Businesses, Hold Them or Sell Them?

At some stage in your business life you will encounter the situation of whether to keep your... read more

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Hi Phil, well said. Great strategy.
Phil JoelDirector at SavvySME
Hi Anthony, Great article. I'd like to add that depending on the type of business you are in and the conditions of the Sale that you can realistically achieve, you may want to aim to sell your business before it hits its peak otherwise you may not be able to satisfy the conditions of the sale and therefore not able to maximise on the full financial potential of the deal. For instance, if you are expected to continue to work in the business for a further 2-3 years after the sale and are expected to grow the business in that time as a condition of the sale then it is obviously going to be easier if the business was still growing at the time of the sale. You could also attract more interested parties and potentially multiple offers if the business is deemed to have bright prospects. You will then be in a much stronger position to negotiate a favourable outcome.
Startup

My Story: "I Never Sit Still for Very Long..."

It all started when a friend dropped in to suggest we use my technical skills and his "gift of... read more

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Steve Gray Director at Gray Capital Investments
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Business coaching

7 Steps to Managing a Work-Free Weekend

What are your weekends like? Are they filled with fluffy clouds, pool splashing friends and family... read more

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Yes, I find that by 8pm most nights I am done and dusted on anything intellectual, so I tend to keep most evenings free for unplanned activities. I figure if I work my butt off during the day when I have the energy and motivation to do it, I'll eventually achieve the goals! And spouse time - oh my goodness, so very important! I think the best part about working for myself is that I can chose how much or how little to get through each day and this helps especially since my other half works for himself as well. Without the flexibility we would probably struggle a lot more!
Jef LippiattOwner at Startup Chucktown
Because of my multiple venture approach, I also try to take one week night each week (not always the same night) and work on nothing work related or even work related to my side projects. I just watch some tv or movies, enjoy a good meal, maybe play video games for a short bit or do some reading. I also use it to give my spouse some undivided attention.
Running your business

6 brilliant ways to boost your business in slower times

All businesses have their slower times, whether that's Christmas and the January holiday season, or... read more

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Rohan Gamble MD & Founder at Mozo
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David PriceOwner at Price Advertising
solid advice here, rohan
Business coaching

Keeping Your Business: Reinvigorate Your Passion

With the change of seasons and the recent Super Moon overhead, are you as passionate about your... read more

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Michelle Pascoe at Michelle Pascoe
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Lina BarfootEditor at SavvySME
So nice to read this - can't forget how vital passion is no matter what your business (or job) happens to be! Great tips on how to get back on track if you feel you're losing that excitement for what you do, I especially like the idea of getting engaged with the community, it's all too easy to become too focused on yourself when you're trying to get inspired.
Jef LippiattOwner at Startup Chucktown
I really enjoyed this article. There are many great points to consider for further thought and action.
Attracting talent and recruitment

The Surgeon’s Dilemma – a test for unconscious bias

Here’s a challenge for you. A father and his son are involved in a horrific car crash and the... read more

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Prue Laurence Director at Psylutions
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Wendy HuangFull Time Blogger and YouTuber at A Custom Blog in 4 Minutes
Wow powerful riddle - really enjoyable read as well! Thanks Prue!
Online marketing

Don't you just hate all the hype?

Don't you just hate all the hype? I do. I get so sick of the shouting and hollering that happens... read more

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Jef LippiattOwner at Startup Chucktown
I am perhaps an oddity at A & B you mention above, but my shortfall is C. Not sleeping much is an advantage and my brain is great at retaining what I consume. However, having a day job and several side hustles (my own ventures and helping a few others). I feel limited in what I can accomplish every week. I do only participate in networks (social networks) that provide me with value and align to my goals. But I would like to see a bit more come out of that effort in the future.
Yee TrinhCo-founder at SavvySME
Too true. It's important to take a step back sometimes are reevaluate how operations align with goals, rather than doing for the sake of doing.
Sales and marketing

Mass marketing is seriously flawed

One of the biggest problems marketing has is trying to grab a hold of far too many segments all at... read more

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Lina BarfootEditor at SavvySME
Yes, advertising is something I struggle to wrap my head around sometimes. On the one hand I'm very interested in the field, but on the other the quality of so many ads is so poor. I'm always ambivalent about advertising. Marketing less so, but maybe just because it's less visible than advertising.
Jef LippiattOwner at Startup Chucktown
Very insightful piece. I agree about the marketing and advertising. I am tempted to get into the advertising space simply because I don't think I could do any worse than the ads I see on TV.
Regulatory and compliance

Transitioning from a sole trader to a micro-business

Operating as a sole trader may be a viable option for the first year, but once sales pick up and... read more

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Growing and scaling

It's A Wonderful Life - Your Riches Are Closer to Home than You Think.

There are some films that have meaning and are timeless. "It's a Wonderful Life" is such a film.... read more

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Hitesh Mohanlal Director at WOW! Advisors & Business Accountants
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Lina BarfootEditor at SavvySME
I love It's a Wonderful Life! Didn't really expect to take away any lessons regarding business from it but I guess I have to rethink that now!
Media production

How to make love to the camera

Getting into video but don’t have the looks of a Hollywood star or the physique of Sports... read more

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Eric PhuahOwner at Hystericalz Pty Ltd
Great tips Lisa! I don't know how useful they would be to a person as camera shy as me but I'm sure it will help a lot of people :)
Lisa CreffieldOwner at 3things
Thanks Phil! Video can be a bit like portraiture, you want to get the best out your subject.
Business coaching

Drive Your Business To Olympic Gold

I went to an event with ICMI recently and saw Alisa Camplin speak. She blew me away with her... read more

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Brent Szalay Owner at SEIVA
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Business planning

Behind the Screen of Every Successful Business

If you are in business and trying to make it work, definitely sometimes you wonder whether you are... read more

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Sales and marketing

Bucking the trend

There has been a lot of media coverage of call centres closing down in Australia. In November of... read more

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Louis White at Louis White
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Jef LippiattOwner at Startup Chucktown
Sounds like you've differentiated your offering and leveraged it to your advantage, congrats.
Legal

Criminal Record Checks – Current Practices and Implications for Employers

  The number of employers requesting criminal record checks is on the rise with 2.7 million... read more

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Ben Thompson CEO at Employment Innovations (EI)
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Hardware and software

Backup — Help When You Need It Most

What is the first thing that comes to mind when you hear the word backup? Generally the word... read more

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Rose Old Channel Business Manager at Acronis
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Rose OldChannel Business Manager at Acronis
Thank Jef, I think so too. To feel safe just set up an automatic schedule for your backup, so it can be done automatically.
Jef LippiattOwner at Startup Chucktown
Helpful article and very important topic. I'm personally a bit neurotic due to previously losing mounds of files and data from hard drives that died on me. I'm still not great at doing this task regularly but I tend to save my data to at least 1 cloud storage company (sometimes 2), have hard copies printed out and filed and also saved on a portable hard drive and/or thumb drive. It is definitely over-redundant but better than unrecoverable.
Finance and accounting

How To Select The Correct Finance Package For Residential Or Business

Being in the business of providing professional financial and business advice means we come across... read more

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Mark Bonney Owner at Business Adviser
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Advertising

Cost of online avenues of advertising

There are almost infinite amount of places one can advertise on. From a loud billboard over a... read more

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PPC is fraught with difficulty, so knowing the basics which Han has explained well, is just the start. When selecting your marketplace for advertising, try to envisage whether a small conversion rate like 2% (commonly experienced) will be enough to cover the extra visits, and whether people frequenting LI or Facebook are serious buyers for your business.
Eric PhuahOwner at Hystericalz Pty Ltd
Thanks for the informative article Han! Good to know the costs involved for different strategies.
Public relations

Promoting your business with a limited budget

I often get asked the following questions… What is the difference between Public Relations,... read more

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Candice Meisels Owner and PR Consultant at Candice Meisels PR
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Jules BrookeFounder and Director at Handle Your Own PR
Great article Candice!
Candice MeiselsOwner and PR Consultant at Candice Meisels PR
Thank you for your positive feedback.
Budgeting and forecasting

Planning To Prepare Your Budget

A budget is often overlooked as part of business management yet it has a vital role in your... read more

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Eric PhuahOwner at Hystericalz Pty Ltd
Great article Sophie, I agree that the budget is often overlooked, especially by small businesses/entrepreneurs as our budgeting is more ad hoc with a 'we'll deal with it as we go' mentality.
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!
Sales and marketing

How to get the best out of Pinterest

Pinterest is a great way to promote your brand and product especially if it’s female related. This... read more

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Eric PhuahOwner at Hystericalz Pty Ltd
Although I don't have an account for my app, these are some pretty interesting and good tips to read up on, especially about the price tags. Thanks for the knowledge!
Business coaching

Consultants Anonymous...

I am always a bit reluctant to call myself a consultant in the current environment. The... read more

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Brian Le Mon Owner at GBOS
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Tim GreigOwner at Green Galah Pty Ltd
You could call yourself a business coach. Oh,wait...
Miscellaneous

Networking or Inspiring?

More than 9 months ago, I started on my own new career journey. While the nature and timing was... read more

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Phil KhorFounder at SavvySME
What an inspiring article, Sam. It just goes to show how much others we are blessed with in our lives can really influence and encourage us into the right path. Thanks for sharing! :)
Search engine marketing

Is SEO fruitless if you don’t have an Adwords campaign running?

SEO by itself carries a lot of risk, a lack of easily monitored metrics and a general lack of... read more

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James NorquayOwner at Prosperity Media
It really depends on what type of adwords campaing you are dealing with if you deal with a very large adwords campaign and you need dynamic targeting on landing pages content these are not the types of pages you want indexed for SEO. Further to this most of the time with testing on niches you may have landing pages with little not no content also something not advisable for adwords. But that been said I have also worked with adwords campaigns where they use 10,000 landing pages which are SEO ready for the adwords targeting also. So it proved to have very high targeting and conversion friendly. That been said if its a small business then yes you can have cross over landing pages.
David PriceOwner at Price Advertising
Great advice here, Bridget - thanks for you comments!
Startup

10 things NOT to do when first starting your business

Everything we read these days seems to be about what 'to do' to become a successful entrepreneur,... read more

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Copywriting, content writing and blogging

Taking the time to work on you and new opportunities

This morning I woke inspired to work on me and my own profile! Last night I realised I had fallen... read more

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Rosie ShiloOwner at Virtually Yours
I've been doing a bit of this lately and it's no small feat! But very important. You sound so excited and that's inspiring!
Cashflow management

Cash Or Crash – The Importance Of Managing Cash Flow

One of the keys to being successful in any business is the ability to properly manage the cash... read more

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Tim GreigOwner at Green Galah Pty Ltd
You know Cash is King and many other cliches have been around for ever and for good reason. Cash Flow is critical especially when a business is growing, getting more customers, paying out more in variable expenses- while waiting for accounts to be paid. Unless you're Amazon! The thing is, Cash Flow and Profit ( I believe) should always be mentioned in the same breath. Handling cash flow well as mentioned above will only get you so far unless you are making a profit as well. Or you have an endless supply of Venture Capitalist Angels backing you up. That helps also!
Startup

3 Startup Hubs in Melbourne - Coworking spaces and the community of entrepreneurs

I went to Melbourne yesterday and got the opportunity to explore the startup scene there before we... read more

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Wendy Huang Full Time Blogger and YouTuber at A Custom Blog in 4 Minutes
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Kevin MallenOwner at Virtual Coworker
Inspire9 is quite awesome. For anyone stopping through Melbourne for the day, Inspire9 is free to the public for a day pass. They also have a ping pong table, pool table and love sacs!!!
Taxation

Your 2013 Small Business tax may be reduced by extra depreciation deductions

Whilst there have been a number of changes to the tax system affecting small business in the 2013... read more

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Samson Patrick Principal at The Diligent Group - Small Business Specialists in Accounting, Taxation, Planning, Legal & Marketing
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Employment law

IMPORTANT WORKPLACE LAW PRECEDENT & MORE

IMPLIED TERM OF MUTUAL TRUST AND CONFIDENCE The recent Federal Court decision of Commonwealth Bank... read more

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IT support and consulting

What is a managed service provider and how do they do IT support remotely?

I get asked many questions regarding IT and one of them is what is Managed Services and how do you... read more

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Absolutely Wendy they need to be responsive. The tools that a managed service provider uses should allow for issues to be resolved and at minimum the small issues resolved before the customer has to alert the MSP i.e. running out of toner on the office printer frustrating to the customer but easy to monitor and alert the customer too. Beyond the managed service tools there should be access to a client portal for interaction between customer and MSP on logged tickets and a self-help knowledge base for the simple things that might just be needed to jog the memory of the customer when they are trying to add a network printer or set default home page etc….
Wendy HuangFull Time Blogger and YouTuber at A Custom Blog in 4 Minutes
These are certainly cheaper than hiring someone dedicated to looking after your computers, as long as the provider is responsive :D Thanks for the article Shaun!
Cloud computing

Thinking Cloud? Prepare by Answering 5 Simple Questions

Growing and mid-sized businesses across industries are increasingly tuning into cloud... read more

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Bennett Oprysa CEO at BitCloud
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Phil JoelDirector at SavvySME
Thank you for sharing this Bennett. I would also add Security and Integration as other key considerations - that is how your various business applications can integrate with each other once some or all of them are in the cloud.
John BelchamberOwner & Senior Consultant at Invoke Results
Great tips, thank you Bennet.