Starting, managing and growing your business will likely be one of the toughest challenges you’ll ever face. But the rewards are clear. Financially, and if all goes to plan, for your lifestyle. Here are some tips, tools and ideas to help you strategically consider your day-to-day cash flow and your goals for future growth.
Yesterday we highlighted how large Australian businesses don’t have a clue about online business, and here’s a not-so-oblique clue why. Research by QUT suggests that Australian company board members can’t even agree on how many members their board has, with only 15 per cent of boards providing a unanimous answer. Remember: these people are being paid to track numbers. [The Conversation]
Optus’ parent company SingTel is restructuring its entire operation. We normally don’t give two hoots about executive structure, but with large-scale changes it’s always worth checking to see if those shifts might alter the actual products we get offered. While it’s early days yet, right now it doesn’t look like Optus customers will see major changes.
Google is revamping its Local Business Centre offering, taking up the Place Pages concept it launched last September and renaming the business service Google Places. As part of that deal, it’s offering to take free interior photos of selected businesses for inclusion on Place Pages (and hence Google Maps).
We know Lifehacker readers are big fans of e-tax, and we suspect many of our business-minded audience may also use the business-targeted E-Record. So it’s worth reminding the latter than the ATO is dumping support for the latter after this financial year, having decided that commercial providers can better serve the needs of the business sector.
The Wise Bread blog suggests that when most of us think “business plan,” we’re thinking of a 50-page, multi-charted, supremely detailed document that has every branch and angle thought out thoroughly. That’s also why some of us never end up launching on worthy business ideas. The basics of any plan, though, can be answered in four questions: What is your product or service? Who are your customers? When will things get done? When are bills due and when do you get paid?