I came across this set of profiles by Wealth Dynamics. It’s an interesting way to classify various ways of attaining wealth through business and investing. Maybe one of these will ‘resonate’ with you… 1. The Creator – Builds innovative products Examples: Steve Jobs, Walt Disney, Richard Branson 2. The Star – Builds an influential brand […]
5 Types Of Coaches For Personal & Business Success
Getting a coach for you or your business can make a significant impact to your success. Many coaches choose to specialise in a particular business area depending on their own interests, experience and expertise. The types of business-related coaches can include: Executive coaching can help with time-management skills, motivation, managing stress, encouraging innovative thinking, leadership […]
Three Major Small Business Challenges
Whilst this graphic illustrates the 2015 three major small business challenges for business owners they are pretty much timeless and universal: How to increase turnover (revenue / sales) How to increase business profit Hiring the best people I go through a number of solutions below… Increasing sales revenue Ideally business owner want more profit but […]
The Mastermind Business Success Strategy
In 1915, an elite group of men formed a ‘mastermind’. Their purpose: to explore ideas and help each other achieve greater success. Check out the mastermind principle in Chapter 10 of the classic text ‘Think And Grow Rich’ by Napoleon Hill. A quote from the best-selling ‘Think and Grow Rich’ book: "It is a well-known […]
How To Find Investors For Your Company
A good colleague of mine who Steve Torso (Wholesale Investors) recently wrote an excellent article about how to ‘pitch’ to investors – article reproduced below. If you ever watch a past episode of ‘Dragons’ Den’ TV show you’ll quickly see what investors are looking for, especially using this article as reference. By: Steve Torso Below […]
Benchmark Your Business Here…
Want to know how well you are doing compared to other businesses in your industry? The good news is you can do that for free. The Australian government has a list of industries and their relative performance and costs based on annual sales revenue (turnover). ATO government business benchmarks: www.ato.gov.au/businessbenchmarks Maus also has good business […]
This Business Tip Cost Me $500…
A year ago I paid $500 for a short meeting with a local multi-millionaire. I’d like to share with you the best advice I received: "Acknowledge your Weaknesses but focus on your Strengths." How does that translate to you and your business? Say for example you are great at sales but dislike at paperwork. Focus […]
Half Of New Businesses In WA Fail
48% of all WA businesses close within four years of starting up, according to the Australian Bureau of Statistics. We are all familiar with seeing businesses close down, however the actual number is staggering. Data from the Australian Bureau of Statistics reveals that of the 36,122 WA (new) businesses that began in 2007-08, only 17,554 […]