Organising your business for success in the new financial year

PrganiseMYOBI recently accompanied the Australian Minister for Small Business, Bruce Billson MP, as he visited small businesses in Templestowe Village, Victoria. The Minister was out selling the good news in the budget about the immediate deductibility of assets costing less than $20,000 (for small businesses with an aggregated turnover less than $2 million). He talked with young entrepreneurs and owners of businesses ranging from restaurants and dry cleaners, to cafés and specialty fashion retailers. Did you know the deduction was available on purchases from 7.30pm 12 May 2015?

There are two reasons I mention this: read more here.

Sleep easy! Manage Australian payroll tax with ease

PayrollMYOBSuccessful entrepreneurs beware! The easiest way to manage Australian payroll tax is simply not to mismanage it in the first place. Like all taxes, ignorance is no defence, and you will ultimately end up paying your dues, probably plus a penalty and interest.

Small businesses that are growing rapidly and medium sized businesses need to work closely with their business advisors. MYOB has Australia’s biggest network of accountants, bookkeepers and consultants, ready to help you and your business succeed. As small operations ride high on success, it need not be a ‘dangerous’ time for business compliance.

Read full article here.

The “Five Ws” of Mission

  • Have you ever misunderstood what your boss wanted you to do?
  • Have your staff ever carried out your directions, however the outcomes are not what you expected?
  • Have you ever wondered what your boss wanted to do or you didn’t think it made sense? (Don’t worry your staff have in the past felt that way about you too).

Hi, my name is Attila Ovari and I am guest blogging for Andrew McIntosh on his Blog Optimize Business. If you answered “Yes” to any of the questions above, don’t worry…. You’re not alone. These are common misunderstandings in any organisation. However what can we do to improving communications and in giving directions. The “5 Ws” is a simple tool that I learnt as a Trainee in the Australian Army. The “5 Ws” are Who, What, Where, When and Why……

In the Army when giving orders it is important to ensure that the directions provided are clearly communicated and fully understood. However this should be no different in any workplace, community group or team. So how do you communicate your intent and ensure that it is understood by the team?

This article will not cover all the ins and outs of communications and direction giving, however it will discuss a simple tool that you can use for giving instructions. The “Five Ws” – Who, What, When, Where and Why…..

FreshBooks Many years ago when I as a Staff Cadet in the Australian Army Reserve, we were taught about Mission Statements. The mission statement (or Mission for Short) was a sentence on what you are to achieve. This sentence, “The Mission”, was to be a clear and concise statement that articulates what the team is to achieve. It was drummed into me that each and every mission statement was to include each of the “Five Ws”.

Since that time I have found this tool very useful in many circumstances when I am clearly communicating my intent to my staff around what I require to be done. Each of the components of the “Five Ws” has been very important to ensure clear communication.

  • Who: Though this may seem obvious, the who is often a point of confusion. How many times have you left a meeting assuming that some action items are being done by someone else and they thought you were actioning these same items?
  • What: This is what you want to achieve. This component is the part that is most commonly communicated as part of a direction. The What combined with the other four Ws will ensure clearer communication.
  • When: How many times have you been tasked with something and assumed it was not due for a while? Then all of the sudden you are asked to deliver the outcomes and it is not ready. How many times have your direct reports not been sure of their deadlines and been caught off guard? So ensure that when giving directions you include when it needs to be conducted or when the work is due.
  • Where: Again the where is something that is often overlooked, as we assume it is implied in our directions. The where is about the environment or where the work is required to be delivered. This may be a physical location, a presentation or a virtual location (i.e. email).
  • Why: Often when people give directions, we fail to also give the reason why. In my opinion this is one of the most important parts of a mission or when giving directions. The Why relates to the purpose of the task and the mission. This is the intent of the task and should align with your bosses what part of their mission or task.

When drafting the Why, where possible ensure that it is in accordance with the intent of your boss and your bosses boss. The reason why it is important to look at the boss’ intent is to ensure that your direct reports have a clear understanding of the organisation’s required outcomes. With the understanding of the organisation’s required outcomes it opens the door for staff to seize opportunities in these directions.

Here is a simple Example of the “Five Ws” in practice:

My monthly Report is due to my Manager via email by the 2nd Friday each month in order to allow time for my manager to submit the monthly report to the board in time for the board meeting.

So here is the breakdown:

  • Who – Me
  • What – Monthly Report
  • When – by 2nd Friday each month
  • Where – email to my Manager
  • Why – ensure my Manager has time to submit Report to Board

In this example it is clear what I have to do in the broader context. I also know that my report is important for the information that goes to the board and hence I need to consider what the important items to report for that audience are.

In concluding I hope this simple tool, the “Five Ws”, is helpful in providing clear communication to your staff, so they have a clear understanding of what is required to be achieve and the require outcomes.

Blogged by: Attila Ovari

©Attila &Kim Ovari 2012. The content of this Article may be reproduced with permission of the author. Last update 09 Sep 12. More information about the author can be found at www.attilaovari.com.