As the financial year comes to a close, it’s the perfect time for Australian small businesses to reflect on their performance and set a strong foundation for the year ahead. While your accountant takes care of the necessary financial aspects, taking the initiative to conduct an end-of-year review can provide invaluable insights and help you chart a path to success.
Multinationals can’t manoeuvre quickly. Your business may not have the capacity to handle every change that’s coming your way by keeping to business as usual, but you can duck and move. When those monoliths are stuck in meetings for months talking about a change that will certainly disrupt your industry, you can build up your resilience, figure out what your best move is and quickly and nimbly react.
Strategic planning is more important than ever. The approach and timeframes though are likely to remain disrupted for the next couple of years. It would be a brave leader that would commit to a long term strategy at the moment.
When was the last time you undertook a business health check? This is an important tool for large businesses, business units, and even small businesses. A business health check-up allows you to focus on working on the different business strategies. The successful business owners tend to look for growth and continuous improvement for their business. Therefore it is important to have a regular business health check up in order to evaluate the performance of the overall organisation to get insight such as strength and weakness in business operations