Archive for June, 2013

Investing in property, are you sure?


30 Jun

If driven correctly, property investments can be a very successful investment “vehicle” because they can yield very good profits. Although property investment can be relatively advantageous, there are certain risks inherent in the investment process. To ensure a positive outcome, it is always important to understand and manage these risks.

Just like what most people say and believe, there is no profit without risk in any field most especially with property investment. Generally, risks in property investment are far more than potential rewards. So, always advisable to understand the risk factors before investing to minimise the risks associated with it.

Luckily, an article published at PerthNow can help you to know the risks involved with real estate investment. The article can help you understand what makes this type of investment risky.

You can check out the article here: http://www.perthnow.com.au/realestate/experts/investing-in-property-are-you-sure/story-fnhlgpcv-1226648298246

Employing People


28 Jun

Hiring the right people who will represent you and your company is very essential and it doesn’t matter how small your business is. Culture and values are just as important to small and medium-sized businesses as it to large corporations.

Moreover, your employees are one of your greatest assets. Once you already have your productive staff, everything in your business will work well. They can play a very important role for your business’s success; they can bring exciting, dynamic ideas and possibilities.

An article published at smallbusiness.wa.gov.au can help you understand some of the most important things you need to learn about employment – the definition of employment, the types of employment, your obligations as an employer, the steps of recruitment selection etc.

You can check out the full article here: http://www.smallbusiness.wa.gov.au/employing-people

Business Plan


26 Jun

Do you have an idea how important a business plan is? Your business plan is like your company’s calling card. It allows you to speak directly to your investors because it contains relevant information that can influence your business decisions. It is more than just a plan about your business; it is also your communication tool selling your marketing, sales and operations.

However, you should use your business plan to present business concepts in a way other people can understand. You should focus exactly on what you want to achieve, where you want to go and how you plan to get it there.

For more information about business plan, you can check out an article published by the Small Business Development Corporation Wester Australia. It talks about industrial analysis, marketing plan, etc.

Read the full article here: http://www.smallbusiness.wa.gov.au/business-plan

Product Innovation


24 Jun

Nowadays, it is not enough to just make quality products to maintain your share in the market. Every company needs to have innovative products in order for them to survive today’s competition. That is because consumers do not want products that are described as out of date; if you will not improve your products, you will surely loss your market share.

Product innovation is the development done by companies to make better products for the consumer. These new products improve on the usefulness of the same products of the market. Companies that always try to produce innovative products are able to give themselves advantage over their competitors.

For more information about product innovation, you can check out an article posted at Small Business Corporation Western Australia, which talks about some of the most important things you need to learn about product information.

Read the full article here: http://www.smallbusiness.wa.gov.au/product-innovation

Credit Management


22 Jun

Having good credit report can give you good advantages in achieving your plans by establishing your creditworthiness. Everyone should understand that managing your credit well is very important because it is your key to maintain a good credit report.

Moreover, you should also understand that bad finances can bring you a lot of problems. So, whether you own a small or big business, you should be responsible with your finances so that you can have a well-managed life.

An article posted at smallbusiness.wa.gov.au can help you to understand credit management very well. The article can help you understand what credit management is, what the credit application process is and what debt recovery is.

You can read the full article here: http://www.smallbusiness.wa.gov.au/credit-management/

Importing


20 Jun

No country is self-sufficient no matter how rich it is, how small or big it is. Even the most powerful countries need raw materials from other countries in order to produce products that are needed by other countries as well.

Today, international trading has become more convenient, safer and easier because products can now be purchased online and transactions are a lot faster. Moreover, most of the “hard-to-comply” government trading rules have been revised and improved for a suaver trading flow. These encouraged a lot of entrepreneurs to engage in importing.

An article posted at smallbusiness.wa.gov.au talks about small business importing. From planning tips to getting your import licenses, the article will teach you how to do the importing process and how to effectively take advantage of its benefits.

Read the full article here: http://www.smallbusiness.wa.gov.au/importing/

Retire by 50


17 Jun

We all know that there are a lot of people working for government or private organisations who are not happy on what they’re doing. So they would like to quit their job and retire young. And also, there are some businessmen who want to earn a lot of money as soon as possible so that they can retire as early as before they turn 50.

However, it is very ironic that those who do well enough to stop working early are often the type of people who love what they do so much that they want to keep going.

Christopher Niesche of watoday.com has posted a very interesting article which talks about some ideas on how to retire at the age of 50. These tips are very good for small business owners even if you’re not the type of person who wants to retire early; it’s still nice to have that choice.

You can read the full article here: http://www.watoday.com.au/small-business/managing/how-to-retire-by-50-20130611-2o25y.html

Want to know the secret to social media?


16 Jun

If your business has not started social media as the medium of your marketing strategy, then you are wasting valuable opportunity that could easily and effective bring you new clients and customers. Social media is considered as one of most convenient and most efficient marketing strategies because it pulls your leads to you, instead of you trying to find them.

This low cost marketing method has better returns on investment than other forms of promotion making it one of the most effective advertising methods you can use. Facebook, Twitter, G+, LinkedIn and Pinterest are some of the biggest social networking sites we have nowadays.

An article published by Nina Hendy at My Small Business illustrates some social media marketing secrets you can use with your marketing and advertising strategy. It can explain to you the importance of social networking sites to your business and how to properly use it.

You can check out the full article here:  http://www.watoday.com.au/small-business/want-to-know-the-secret-to-social-media-20130331-2h11n.html

Who wants to be a millionaire?


15 Jun

Success is not just about one thing or another but it is about the perfect combination of the key ingredients you need. If any of these key ingredients will be missing, then the whole business project will fail. The key ingredients that we are talking about cover the various activities in marketing, production, financial and management.

All entrepreneurs dream of having a business that is worth millions of dollar. However, running your own business demands a great deal of time and attention to details. This information can create a huge difference between generating profit and suffering loss.

An article, which is written by Kate Jones and published at WA Today, talks about how to become a successful entrepreneur. The article is entitled “Who Wants to be a Millionaire?” – it discusses ten vital tips for all small businessmen.

You can read the full article here: http://www.watoday.com.au/small-business/growing/who-wants-to-be-a-millionaire-20130422-2i9ul.html

Risk Management


14 Jun

Every time you make an investment, there is always risk involved. Risk management is the method of identifying and analysing the risks involved in your business. Then, you accept those risks and take appropriate actions to contemplate the issue.

Your business or organisation must take appropriate measures and carry out a plan through proper risk management to avoid any loss or to avoid the awfulness of such risks. To start with, you need to assess the type of risk involved but this is usually not easy. This can be done by understanding whether you have dared into a risky business.

All businesses and investments have risks. The best way of getting prepared against these issues is getting insured. For more on risk managements, read the full article here: http://www.smallbusiness.wa.gov.au/risk-management

 

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