Opinion

A Business Strategy is a Guide to Business Success

Posted by Philip Wong on

A Business Strategy is a Guide to Business Success
11 reasons why small businesses fail.  (1) Not understanding profits (profits never materialize to the extent necessary to sustain an on-going company); (2) inadequate cash reserves; (3) failure to define and understand your market, your customers, and your customers’ buying habits; (4) failure to price your product or service correctly.  Read More

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Intuit Quickbooks 'Simple Start' for better decision-making

Posted by Philip Wong on

Intuit Quickbooks 'Simple Start' for better decision-making
Intuit Quickbook 'Simple Start' is an easy way to begin keeping your business records that will enable you to work out how your business is performing, what your business is worth, and work out how to improve.  Once you know 'Simple Start', everything that follows is a piece-of-cake.

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Cloud Computing for SMEs

Posted by Philip Wong on

Cloud Computing for SMEs
Cloud computing is a general term for “the delivery of hosted services over the internet”. Essentially: Hosted services are different types of services accessed over the internet with the host provider offering the use of software residing on their physical servers.  Businesses are increasingly turning to the cloud to save time, resources and to raise productivity.

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Change Management for SMEs? Why it is important to know.

Posted by Philip Wong on

Change Management for SMEs?  Why it is important to know.

Introduction Research shows that internal and external forces of change are among the top challenges facing businesses around the world today in the 21st century.  The Lean Methods Group (2018) compiled a list of some external challenges businesses face, the major ones amongst them:  uncertainty – uncertainty in the global economy, uncertainty in the credit markets, uncertainty in how new technology will disrupt their business; globalization – recognizing emergent, disruptive competitors that only a few months ago weren’t even known, designing new products and services for new customers; innovation – in the age of big data and increasing automation companies...

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Make Anything Great Again - China, Australia, in Taree or Innaloo - see How!

Posted by Philip Wong on

  Kielholz (2018) reminds us that 2018 marks the 40th anniversary of China’s economic reform which has been remarkable; having overtaken multiple countries to be now second only to the US (and the gap is closing even as this document goes to the web). China has: Developed the physical infrastructure to become a world centre for economic, financial and innovation influence An innovation mindset and ecosystem that wants to build environmentally-friendly, economically-developed and educated with world-class citizens. Invested in an innovation environment that has research and development funding in many areas, with an understanding that not all projects will bear...

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