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Filling the Gaps - Revisit Your Business Planning

Thursday, July 10, 2014 Mike Reddy

As a business coach I am a fan of a good business plan. Not a plan that is produced from cheap templates but a short, sharp plan that is focused on achieving great results from your business.

For the best result a good business plan needs to be both sustainable and flexible. I have found that businesses which adhere to these criteria produce the best results for their stakeholders well into the future.

That being said, flexibility is not the only foundation on which one can build a winning business plan. It should never be regarded as a task to simply be checked off your to-do list. Your business plan is an ongoing, creative process that deserves and requires constant nurture, adjustment and attention.  Read More

Great Businesses Always Focus on Their Bottom Line

Wednesday, May 21, 2014 Mike Reddy

We all know how it is. No matter how good or bad times are, most business owners always seem to be busy.

And as a business coach I often notice that in the busy day-to-day operations of running a small business, the focus on growing profits can often take a back seat to the other aspects of managing a business. Crunching numbers to make payroll, renewing that marketing campaign and doing anything to stay on top of things can be hard enough!

But taking your main focus off the importance of the bottom line, even for just a moment, is asking for trouble.  Read More

The Secret To A Successful Business Plan

Tuesday, May 06, 2014 Mike Reddy

Small businesses are constantly bombarded by change.

Although we may feel that a lot of change is forced upon us and there is little we can do about it, the fact is that this is the environment that we choose to play in and with proper planning we can use it to our advantage.  Read More

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