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Global uncertainty is rising with various geographical conflicts and economic volatility affecting nations. The latest problem to surface is the modified United States trade policy that will disrupt the supply chain worldwide. The trade war is expected to give birth to another global slowdown that will impact the Australian economy. According to the International Monetary… Continue reading How to Keep Your Business Profitable Amid Global Uncertainty
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Businesses are built with people who share common values and interests. These include employees, suppliers, and vendors who co-create the enterprise. They must understand each other to collaborate and meet each other’s expectations. A satisfying relationship requires transparency and consistent communication between the groups. When any participant is over scrutinised or criticised, cracks appear in… Continue reading How to Avoid Feedback Fallacy in Business?
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The sale of a business impacts not only the internal people but also the external people associated with it. The change in ownership is often viewed as a shift from the original idea, values, and mission. It can create uncertainty in the minds of employees, suppliers, and customers who are used to associate the business… Continue reading How to Maintain Customer Loyalty during Business Sale?
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Entrepreneurship is filled with challenges, celebrations and collaborations. It is an all consuming role that makes the owner eat, sleep and drink the business strategy and marketing plan. Most business owners give their best until it is time to move to another interesting endeavour or retire from their duties to enjoy life. They usually plan… Continue reading Debunking Common Myths About Selling a Business
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Businesses thrive on high sales and growing profits. These showcase positive evolution and help accomplish the entity’s goals and vision. Without sales and profits, the business will cease to exist. These two elements maintain the business’s momentum and generate income that can be used for operating expenses. The surplus capital is turned into cash reserves… Continue reading Top 10 Tips to Drive Sales and Business Profit
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Every entrepreneur hopes that the New Year brings new milestones and accomplishments. They plan for the year in advance with SMART goals and dedicated allocation of resources. While it makes sense to devise strategies for operations, marketing and supply chain, there is also a need to maintain flexibility for changes in the marketplace. The industry’s… Continue reading Top 9 Business Trends for 2025
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Entrepreneurship is the preferred mode for making revenue for most motivated individuals because of the lucrative returns. It allows them to lead a team and put their ideas into execution without being managed by anyone. They can freely build the processes and policies and create a plan to achieve their vision and mission. However, it… Continue reading 7 Profitable Business Categories in Australia
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Selling your business is like marketing any product to the target audience. The only difference is that the price is negotiable, and the buyer thoroughly evaluates the entity. The business sale involves presenting a high-potential offering in the market that is attractive to aspiring entrepreneurs and gets sold at the best price. The outgoing owner… Continue reading What Buyers Look for in a Business: Maximise Your Appeal
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Business buying is easy during acquisitions and mergers initiated by large corporations. These entities understand the nitty-gritty of the buying process and conduct thorough due diligence to purchase the venture at the best price. However, when individuals with dreams of becoming a successful entrepreneur buy an existing business, they must be extra cautious. Amateurs can… Continue reading How to Identify Undervalued Businesses
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Buying a lucrative business is a sensible decision for aspiring entrepreneurs. They can narrow down a segment based on the market trends and industry revenue to begin their stint. Food entrepreneurship is always a top choice because of the omnipresent nature of these ventures and their high demand. From hole-in-the-wall cafes and kiosks to fine-dining… Continue reading How To Buy A Profitable Cafe Or Restaurant Business
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