#10StepsofBuildingaBetterBusiness Get someone independent to hold you to account Have you ever set a New Year’s resolution and then reset the same one again the following year? It's widely recognised that approximately 80% of New Year's resolutions fail. How can we increase our chances of successfully achieving our goals? Accountability. The most foolproof way of ensuring you complete the actions you’ve committed to is to give someone nagging rights to follow you up. This may

#10StepsofBuildingaBetterBusiness Be a better leader; build a strong workplace culture Being a better leader and building a strong workplace culture is crucial to having a better business. Have you ever considered whether your workplace is toxic? With the average person spending more than 40,000 hours of their life at work, a workplace should be an enjoyable place to be. We all have bad days, but if the following bells ring… your workplace may be toxic. 1. A lack of trust bet

#10StepsofBuildingaBetterBusiness Get your organisation structure right Your ideal structure will allow your business to become more efficient and achieve economies of scale. This increases your bottom line returns at a greater rate than your revenue. Your organisation structure should allow your revenue to increase without creating bottlenecks. An organisation structure should show all ten departments in your business, who is responsible for what, and how the hierarchy works

Make a plan You know what you want from your business; now it’s time to plan how to get it. Start by deciding what you want personally from your business. For example, if you need $100,000 p.a. to cover your living costs and a family holiday, and your overheads are $100,000, your gross profit needs to be $200,000. If your current gross profit margin is 50%, then your annual sales need to be $400,000. Make sure your plan is linked directly to how you’ll achieve what you want p

#10StepsofBuildingaBetterBusiness Define exactly where you are now - warts and all This crucial step is so often overlooked. But without knowing your starting point, you don't know what your path to success looks like. It sounds obvious, but many business owners plan for the future without fully understanding where they are now. Answer the following questions honestly to help define where you are now (warts and all): 1. How aligned are the owners / leaders of your business? I

#10StepsofBuildingaBetterBusiness Be open to change and new learning It’s amazing what we, as humans, don’t even know that we don’t know. New learning opportunities are everywhere, and in this digital world, there’s simply no excuse to avoid new learning. Consider how many new things a five-year-old learns each day. Children enthusiastically embrace the world of possibility and the desire to learn. Why is it that, the older we get, the more likely we are to close our minds to