5 productivity tips from a small business success

KathyBYBKathy Vant Foort is owner and founder of Backyard Buyers, a business that helps property owners sub-divide and develop excess land. Kathy is one of the few female Registered Building Practitioners in Victoria.

Having grown the business from concept to start-up, Kathy now manages her company from Melbourne.

Nearly ten years on, business has never been better.

Here are Kathy’s top five tips for success:

1. Know your objectives

“I have two whiteboards visible from my desk. One has long-term objectives and targets. It also has a list of big or innovative ideas.

“The other whiteboard is operational, mapping out all current and pipeline sub-divisions, key performance metrics and projects.”

Read more here.

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.

Marketing your professional services firm

IMG_1970The next graduate arrives, interviewing for a position at a small to medium-sized accounting firm: your accounting firm. This graduate will be one of the top performing employees for the employer of their choice. It takes you a while — nearly fifteen minutes into the interview, to fully realise that they are actually interviewing you.

Methodically, the graduate carefully crafts their answers and questions. When you look up from your notepad, direct eye contact takes a fraction of a second to re-connect: this graduate is absorbing the environment, the workspace and your body language. As you take notes, this graduate is also checking boxes on their own mental checklist: assessing you as a partner and the firm as a whole.

They don’t fit into your standard interview guide or assessment criteria: they are impressive in every aspect that a young aspiring graduate could be. They are energized and prepared to embark on a exciting career — just not with your firm.

Read more here

How much is my time worth?

Photo motorbikesA few years ago, one of my first business coaching sessions was with an entrepreneur who had spent a year and a half in development. He’d given up a well-paid job and spent about $25,000 on developing an App. He had no real business plan. When I pointed out that he had notionally invested about a quarter of million dollars on the App, he drew a deep breath of entrepreneurial fatigue, and said disheartenly, “Well, I suppose so.”

This back of the envelope calculation was done as follows: see calculations and read more here.

I am a 90 year old one man band because I am also underfunded but resolute!

After being surprised by the stat that “the highest rate of entrepreneurial activity is in the 55-64-year-old group” in a recent article by Jim Dougherty, I was posting my own blog about single operator businesses and was surprised yet again to get this comment back:

“I am a 90 yr. old one man band because I am also underfunded but resolute! There are services that one can sign up for that begin in a free stage and I definitely use them, have to. But this digital business needs advertising money, lots of it. One SBA volunteer told me since I didn’t have money I’m dead in the water. But I got an order the other day.” David Lambert

Amazing: especially after you read his bio of life experiences, I could not help but try to encourage a few followers, likes, views for him. Because you can do digital business at no or low cost and not all entrepreneurs are young, Jim rightly says. And maybe he’ll get the odd order or two; I know I became his second order from #socialmedia.

All this links social links are from his webpage, so anyone feeling socially generous, please give David’s Delicious Chocolates a like, follow or even an order (via PayPal, here’s on that too)!

I live in Australia and David is in Pittsburgh, Pennsylvania. I have never met David until he reached Melbourne via LinkedIn and now I’m ordering chocolate from some guy called David in Pennsylvania!

http://davidsdeliciouschocolates.com

 

How do you get business inspiration (and keep it)?

Go!

Go!

Think

Stop. Think. Get inspired.

The gardening crew has arrived outside my office. I hear a clunk and a bump as their truck and trailer bounces into the lot. I watch for a few minutes, and I’m inspired by the efficiency. They quickly rev up the ride-on mower and begin trimming the edges. It’s like a well-oiled pit stop team — every worker knows his place. Someone hands me the bill and everybody leaves as smoothly as they came in. In business, it’s important to be creative. Here are five sources of inspiration. See full article: Here

Survey: what technologies or APPs help your single operator small business the most?

Most entrepreneurs face the issue, home based, single operator or small businesses face the issue. How can one person do it all?

What technologies or APPs do you use to improve the efficiency of a signal person operation? What are your top 5 tools or tips for running a lean and efficient single operator business?

#socialmedia: the new word of mouth

INTHEBLACKWow, I can’t believe it is two years since I took the entrepreneurial leap and founded Optimize Business. An exciting time for any small business, it is enjoyable, exhilarating and I love meeting new people everyday: exploring their ideas, developing their ideas into strategy, strategy into a plan and plans into action.

Expanding from business coaching and strategy services, my clients value my financial background and being a CPA gives an added credibility and weight to suggestions about running their organisations. What I enjoy most and now do most is help business with their social media. I diversified my skills with photography, documentary video and writing for the web.

Most of my clients now come from the “new” word of mouth – #socialmedia. I just signed a contract with a North Eastern US company to provide regular social media content… they contacted me from Connecticut, I do not market to the US but social media is global, so be ready! Most people find me through LinkedIn or as a result of my social media engagements.

So give it a go. Try flying solo. Ensure you have enough cash-flow up-front, a good strategy, a good plan, and go for it…. oh, and a good business coach or mentor to guide you along the way 🙂

Social media for pharmacies: let Optimize Business guide you

Optimize Business understands pharmacyCommunities
As your business pushes through the scripts, orders the retail and behind the counter stock, balances the cash, pays the bills, drops off the banking and tries to spend time with talking with every customer….  should you be embarking on a new marketing strategy to embrace social media in your pharmacy?

Social media for pharmacies
Social media can be overwhelming at times: content (photographs, images and text), online communities, tone of voice, moderation, legal considerations, time management, public verses personal posts, timely responses to customers… Facebook, Pinterest, LinkedIn, YouTube, Twitter… a blog? Where should you start? Do you even need to start using social media?

We understand social media
Pharmacy is a unique business and every pharmacy is unique. Don’t jump into social media with out carefully selecting what best suits your needs. Nothing is worse than a business that started Facebook or Tweeting but has not done an update in the last year or two. It is part of a pharmacy’s public face, just like a shop window, it is either neat and tidy, or run-down and tired. Even worse perhaps, there is no shop window for your Pharmacy! We have great experience with social media, let us help you!

Let us guide you through the process
Pharmacists are called on to do a lot of things. Let Optimize Business help you assess your business needs for social media. We’ll sit down with you to understand your customers, your opportunities for social and then we either train up you and/or your staff or you can hand it all over to Optimize Business for a complete outsourced solution.

Our approach
We are flexible and will work to meet your individual needs. We will also tell you straight out if we think social media is not right for you. We will also talk to you about social media advertising, it is constantly changing but provides direct access to local customers you choose to communicate with.

  • Needs analysis
  • Strategy development
  • Initial account configuration
  • Content creation
  • Outsource 100% or in-house training
  • Build & engage your community
  • Social advertising
  • Grow your business!

To take advantage of current promotional offers, enter your details below and we will contact you:

Storify: the Telstra 2013 Australian Digital Summit

On Tuesday Telstra hosted the 2013 Australian Digital Summit in Melbourne, social media and the #DigitalSummit hashtag went into overdrive.

Tools, strategies, innovations and techniques are constantly evolving in the digital space.

Storify.com

If you have not seen Storify before, please take a look at what it does here and also check out our story as a resource to catch up on what you may have missed at the Digital Summit!Today we spent about an hour using “Storify” to create a record of the #socialmedia chatter that surrounded the hashtag #DigitalSummit this week.