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Email: mgisydney@mgisyd.com.au
Growth
Key lessons for business owners from the Dick Smith saga
06/10/16 - Financial Performance, Growth
The recent collapse of the Dick Smith chain highlights the fact that no business is immune from potential catastrophe. But it begs the obvious question – how can a company as big as this and turning over $1.3 billion – a listed company – fail? No doubt we'll hear more in the months ahead as the receivers get to work. However, the lessons are the same for every business - from the corner store, to family businesses, to listed companies.
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Heed the warning signs for your business
06/10/16 - Growth
There are two warning signs to look out for and if you don't have your finger on these key business parameters you're flying blind.
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My top 4 tips to future proof your business
06/10/16 - Financial Performance, Growth
The literal definition of future proofing is: the process of anticipating the future and developing methods of minimising the effects of shocks and stresses of future events. Sounds a lot like planning doesn't it? You'll also note the significance of the word "process". This suggests that future proofing is not about one-off gimmicks or quick fixes - it is a course of action, an ongoing function.
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How do you monitor and review your strategic growth plan?
06/10/16 - Growth
We live in a constantly changing world. You must ensure that you keep yourself informed of business trends, new products and new technologies that will have an influence on how your business performs and update your strategic plan accordingly.
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How to develop a meaningful vision statement
06/10/16 - Growth
How often do you walk into a business and see a vision or mission statement on the wall? How often does it stop you in your tracks, tug at your heartstrings or inspire you to do something different? My guess is not too often, but there’s one way to change that.
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