Improving innovation

July 25th, 2017


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Of any business, whether big or small, innovation is a key element. Yet, a lot of us these days tend to think of innovation as only the application of new technologies and the practical application of development and research.

The truth is, innovation in small businesses can be doing things differently, finding a better and more cost effective way of performing your business operations.

What is innovation? Innovation is defined as ‘the means by which the entrepreneur creates new wealth producing resources or endows existing resources with enhanced potential for creating wealth’. To innovate, your company need to implement a series of changes to gain a competitive edge over your rivals and the market. Before embarking on innovation, small businesses should have the capacity to access new information and turn it into knowledge. Moreover, you need to create procedures and resources to apply the knowledge for making use of opportunities.

In your small business, you should look at innovation as the process that transcends all components of your business. It brings change throughout the organisation. However, innovation is risky because you are going away from the norms or the things that your business has been used to. Therefore, when you plan to innovate, you should plan and know all the things involved in innovation.

Read this blog post for more on innovation:

Please read:

The Aussie mum making thousands by selling on Amazon

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The Critical Leadership Skill for 2017: Emotional Intelligence

June 12th, 2017

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You probably have heard from many people saying that in making decisions, leaders must keep emotions. This negative interpretation of emotions has long been a part of the corporate world until recently when it established that emotional quotient is a very important aspect of leadership.

Emotional Quotient, or EQ, is one of the key aspects of a leader’s success and his decision-making skills. EQ lets the leaders understand others and their strengths and help them in dealing with other more efficiently. In fact, a number of established researches backed the fact that a higher EQ translate into much better chances of success. Thus, bolstering your emotional quotient should be one of your main agenda.

Are there ways to develop emotional quotient? One of the best ways to increasing your EQ is by reducing the stressful situations since the ability to stay calm impacts most of the decisions you end up taking. To become a great leader, you should develop strategies on how to effectively respond to stress.

Dealing stressful situations does not have to be done by thundering or clenching your fists. Instead, simple ways such as taking deep breaths or taking long walks can help much better than bursting out your emotions.

Emotional quotient should be developed. It is important in so many fields in life especially in business leadership. In this 2017, EQ has never been more important.

For more on EQ and leadership, read this article:

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How To Get Mentally Fit To Cope With The Workplace

February 8th, 2017

We all seem to get stressed out by the several different tasks and requests all at the same time given to us by our boss at our workplace, who is always screaming for those reports to be submitted to him by midday, several clients wanting their jobs to be completed immediately and your co-workers hounding and nagging you for no apparent reason.

Moreover, you are catching up on your workload from the day before and you are constantly getting delayed by work problems. With so many things to focus on all at the same time, it is no wonder that we become so overwhelmed and experience constant stress at work. Perhaps you might notice some of your co-workers often crave that cigarette or lose their temper in the workplace.

Workplace stress can be the worst enemy of any employee. That is why it is ideal for someone who is stress out at work to look for workplace stress management advice. This is important because these pieces of advice are sensible and you will notice a lot more is achieved.

Great professionals and entrepreneurial minds know how to prioritise things. Completing the most important and dreaded task first is the key to focusing on one task at a time. While focusing on a task, do not allow your mind to become preoccupied with other tasks. With your main task, set a realistic time frame you want to spend on it.

For more on how to get mentally fit to cope with the workplace, read this:

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Starting a Small Business at Home

December 13th, 2016

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Many have already known the convenience they can get from starting their own small business at home, and thought of starting one, but are hesitant and not sure whether to proceed. There has never been a better time to start a new venture especially considering the downturn in the economy but you have to weigh the pros and cons before you take the plunge.

One of the reasons why starting your own business at home is attractive because of the comfort of working from your home. For instance, there is an Aussie mom who is making thousands of dollars by simply selling online in Amazon. When you work at home, you have flexible working hours you would enjoy. You will have full control of when you operate your business, and with the flexibility come the option of first starting your business on a part time basis while you carry on working with your current employer. Once your business has grown to a full time venture then you will have the pleasure of sacking your boss.

The stress of commuting and getting to work by a certain time will be also completely eliminated unlike when you commute wherein you spend time, energy, and resources. The risks involved in running your business is highly reduced with your expenses largely limited to cost of materials considering the lower operation costs. Business overheads such as business rates, rent, heating and lighting for commercial outlets are virtually nonexistent.

Do you already want to start a home-based business? Read this article to know how:

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11 successful executives share their business mantras

December 13th, 2016

Aspiring and new business owners in Perth are looking to learn how to become successful in business. And even those who have already achieved some success in their life, they are still looking for ways on how to become even more successful.

The first thing you need to know about success is that it’s an inside job. It is true that success comes from within and learning how to be successful in life is no easy task. However, if you have the courage to look at yourself for who you really are, congratulate yourself because you are already half way there.

If you really want to become a successful entrepreneur, you’re going to have to face up to who you are today in order to become the person you want to be tomorrow. You must examine your thoughts, actions, beliefs, emotions, and who you surround yourself with. In addition, it is also important that you what matters you are afraid of. That is because fear is the ultimate destroyer of success and happiness.

If you want to learn how to become successful in business is, to learn from those who are already successful. If they are in the specific industry you’re in, then so much the better.

Check out the article posted by Business Insider Australia to know the business mantras shared by 11 executives. Read the full article at:

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The top 10 most viral advertisements of 2016 revealed

December 13th, 2016

In today’s digital age, viral advertising or viral marketing is one of the best ways to get your information out to the masses. Viral advertising has been defined in a lot of ways, but the bottom line is this – when you create something unique to share with others and they find it so interesting or entertaining, they begin to share it with people that they know. Within a matter of minutes the information is spreading over the internet and is being watched or read by millions.

With high speed internet in more homes, videos are the latest hit. It’s no wonder that YouTube is one of the most popular sites on the internet. Videos can be tracked as to how many times they are watched and you can see for yourself that a video can jump from only a couple of views, to hundreds of thousands in a very short period of time as long as your audience loves it, of course.

Using videos for viral marketing can generate billions of dollars. And the good part about this form of advertising is that you don’t have to spend a lot of money to promote your product or service.

Already planning to start your viral marketing for your Perth business?  For more ideas on how you should create your viral video, read this article about the 10 most viral ads this 2016:

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7 Steps To Selling Your Small Business

May 12th, 2016

Are you planning to sell your business? If yes, you need to ensure that everything is everything is in place for you to sell the business at the right price. If you are considering selling your business it is best to start preparing for it at an early stage and at least a few months before the intended date.

In general there are two ways of selling a business or company. The first is to sell the shares in a company. The second is to sell the business as a going concern which includes the assets and goodwill of the business.

When selling your business, you want to ensure that they get maximum value for the business, which is payable as soon as possible and with minimum ongoing liabilities including warranties or indemnities. It is a good strategy to review the financial, legal and commercial aspects of your business prior to sale in order to maximise the value of your business and reduce the risk of any ongoing liabilities and to ensure everything is in order and fit for sale.

It is best to tie up these loose ends well in advance of putting the business on the market because if a prospective purchaser identifies that there are risks associated with the sale such as very few formal contracts with customers or the threat of and/ or any ongoing litigation then the buyer will try to negotiate a lower price.

Read this article to learn more about selling a business:

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8 Things Entrepreneurial People Do Differently

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8 Things Entrepreneurial People Do Differently

August 17th, 2015

A lot of people are fascinated by the idea of business entrepreneurship. Different people have different reasons why they start their own business and become an entrepreneur:

Perth Business NewsSome individuals take up entrepreneurship just because they are fed up or bored with their daily routine job so they decide to try out something different. Others become a business man because they think that their current job doesn’t get them enough income. And a lot of people get into business entrepreneurship because they want to be their own boss.

However, starting to run your own business is actually a different ball game compared to working for a private company, the government, or a private individual. Though you don’t have a boss to report to, you have much more responsibilities when you are running your own business. A business entrepreneur has to take care of each and every aspect of his/her business. In other words, you do almost everything when you run your own business.

The most important thing to keep in mind when you decide to become a business entrepreneur is the idea that the success of your business is dependent on your actions. From strategising marketing plans, proper management and selling your product or service, almost all these tasks will be executed by your own.

However, entrepreneurship is not a simple task especially on its early stages. More especially, becoming successful is a huge challenge. In order to become successful, you need to become mentally and emotionally intelligent. What does it take to become a successful entrepreneur?

According to an article written by Joe Van Brussel at Huffington Post, you need to do differently. He listed down 8 things. Read the full article here:

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