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Improving Business Fitness

Monday, April 07, 2014 Mike Reddy

I'm fast coming to the conclusion that small business owners have a lot in common with gym members. Perhaps most gym members own a small business, I can’t be sure.

But I was reading that gyms almost unanimously report a sudden drop off in member activity about halfway through February every single year.

All of those courageous New Year's resolutions become just that as energy and enthusiasm levels decline and that steel resolve turns into wet cardboard.

And our own research in the Sydney small business community shows that business owners suffer a similar decline in financial terms.  Read More

Australian Federal Government asks for submissions on cutting red tape

Friday, March 28, 2014 Mike Reddy

The Australian Federal Government has asked for submissions on cutting red tape. Here's your chance to be heard.

It’s every business coach’s dream to see the possibility that the myriad of red tape can be removed from the small business sector so business owners can instead focus on creating jobs, making money and paying taxes.  Read More

Business growth doesn’t come from a lightbulb moment

Thursday, March 06, 2014 Mike Reddy

If only it were true that our best ideas for sustainable business growth would appear in the form of the proverbial light bulb moment.

A flash of genius in complete clarity.

The reality is, of course, something very different. The best business decisions come from careful consideration and can take a while to come to fruition - much to the chagrin of most business owners.  Read More

Retail Lease Agreements - Up for Review

Tuesday, February 25, 2014 Mike Reddy

I took some time out to attend a Chamber of Commerce function to discuss the Retail Lease Act which is in the final stages of a review in NSW.

As a business advisor I recognise the apparent imbalance between landlord and tenant when it comes to entering into lease agreements.

For that reason, I thought it was important to be part of the discussion. I will also be making a submission on behalf my clients.

Probably one of my greatest concerns centres on the the tenants requirement to submit turnover figures to the landlord.  Read More

Shifting Strategies

Monday, February 10, 2014 Mike Reddy

I happened to be watching a basketball game over the break and saw an analogy to business – and to coaching.

A basketball player recognises their original route to the basket has been blocked: what do they do?  Easy- without a second thought, they pivot and shift strategies, rerouting themselves onto the quickest and easiest route to the basket.  Two points!

When it comes to obstacles in the original plan, small business owners need to act with the same grace, coordination and speed as a trained athlete does, taking in the scenario and shifting strategies with deft ability.   Read More

Proud Partners - Protecting Partnerships

Friday, January 31, 2014 Mike Reddy

Entrepreneurs tend to begin their road to small business alone - a sole proprietor structure limits the accountability and makes the tough decision making just a tad easier.

After all, it is their headstrong egoism that has driven them to get this far and battling another like-minded partner can mean rough seas for a start up.  Read More