Blog

This year the international and domestic economy is in a state of uncertainty with both stock markets and property markets suffering from significant volatility including the impact of the corona virus on Australia’s tourism and tertiary education sectors and the more...

What Percentage of Small Businesses Fail?
The fast answer for what percentage of small businesses fail, according to data from the Australian Bureau of Statistics: about 20% fail in their first year, only 70% of businesses will survive their second year in business and about 50% of small businesses fail in their fifth year. The good news is about 30% of businesses will survive their 10th year in business.

How To Use A Reverse Thinking Mindset For Business Improvement Over many years I have met a lot of successful leaders, across many industries and I can’t help but notice that a lot of them think in reverse mode. Reverse thinking is a powerful mindset technique that we...

Is Franchise Friction Inevitable? Friction is rife in the $146 billion Australian franchise industry that is littered with controversy. The Franchise Council of Australia claims there are some 79,000 franchises employing nearly half a million people. High profile news...

A great idea or new knowledge? There are so many great ideas about and yet many will never become commercial businesses. A great sounding idea may be novel but is it actually “new knowledge”? “New knowledge” can only be proven through objective, repeatable experiments...

In many SME businesses we regularly witness a change management culture that is toxic towards the CEO/business owner. The ramifications for the organisation can be the difference between success and failure of your business, particularly when you need a big staff...

Get a lean cash flow mindset and save yourself a lot of stress. Mention cash flow to business owners or entrepreneurs and their eyes glaze over -boring! However, once they experience a cash “crunch” then suddenly, their eyes become wide open. Ignoring cash flow is...

A series of recent high profile cases of retail franchises in Australia behaving badly has increased focus on the franchising business model itself. Having said this, we know there are many retail franchises that are thriving without poor relationships between the...

The Banking Royal Commission has recently started taking submissions from Australian SME business owners and the tales of horror are very real for many families caught up in the grip of our major banks acting badly. The way our family business owners are treated by...