In this article, MYOB chief economist Jon Manning provides his guidance on how to calibrate your pricing strategy for an economic downturn or recession.
The novel coronavirus COVID-19 is causing businesses around the world to experience major falls in demand for their products and services, as well as labour shortages and supply chain disruptions. So what can you do to manage your own business’s cash flow at this time?
Let’s face it, HR means a lot of forms and paperwork. Thankfully most of us are moving to some form of document management technology that both supports a paperless system and is cloud based.
Buying a business is one of the biggest deals you might ever be involved with, and that leads most people to stick with what they know. But that doesn’t mean you can’t find success in a field outside of your experience.
No matter the size of your business, introducing greener work practices should be top of the new year agenda. By making moves to reduce, reuse and recycle, you’ll not only help save the planet, you’ll reduce your energy costs and appeal to likeminded customers.
Despite corporate trends towards dressing more casually, staff uniforms are absolutely critical to certain industry sectors. For business owners, achieving the right look is integral for making your brand stand out in an increasingly competitive market.
Loyalty and engagement aren’t necessarily easy to foster in millennial employees. But with the right approach, any manager can make the workplace a better environment for their staff.
As in other areas of life, work relationships aren’t always a smooth ride. But rather than avoiding problems before, during and after they occur, here’s how to proactive turn things around for the betterment of your business.