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Unit 11, 61 Flynn St, Wembley, WA, 6014
08 9242 2085

Yearly Archives: 2020

How To Start Your Own Business

How To Start Your Own Business
If you are thinking of, or about to start a new business, you must be excited! I know I was when I left the international consulting firm I was working for in 1991 to start my own financial and management consulting company. I was excited and a little terrified! But at least, I had an advantage over most subject-matter experts who decide to leave employment and start their own business - I was a qualified and experienced Chartered Accountant who knew about starting and building businesses, about tax and registrations and the law and agreements. That is the most common experience of my clients over the years who have started their own businesses: (more…)...
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Strategy Implementation

Strategy Implementation
How many times has this happened to you in your organisations? You have invested a lot of time and money in preparing a strategic plan. You ended up with a strategic plan that you could be justifiably proud of, that laid out a clear vision for your organisation, clear goals and objectives, and detailed strategies. Then something seems to happen - or in fact, nothing seems to happen! Somehow, over time, the strategies don't get implemented, or they are half-finished, or at the end, they seem to have evolved into something that was not in the strategic plan. Here's how to move from formulating strategy to implementing strategy. (more…)...
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Outsource for Efficiency

Outsource for Efficiency
Once upon a time, running a small business was relatively uncomplicated. Not easy, but uncomplicated. You were good at something. You saved or borrowed some capital. You set up procedures that focused on doing what you were good at, which was what drove the business, and then you hired people who could do the supporting functions like keeping the books. As you progressed, you hired some contract specialists like tax accountants, or you hired contractors to do things you didn't want to do like clean the office every night. (more…)...
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The Business Planning Formula

The Business Planning Formula
Indigenous businesses (or indeed Indigenous not-for-profit community-controlled organisations) must prepare business plans. This is not because they are Indigenous but because every organisation that wishes to grow must be in control of where it wants to go and how it gets there! It's common sense - would you go on a holiday without a plan in mind? You don't just jump in the car and decide to go - you booked some time off ("when"), you decided what you wanted to do on holiday ("what") which helped you decide where to go to do it ("where") and you decided who would come ("who"). Yet, why would you start your family business or social venture without a plan? (more…)...
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OTS Management