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Blog

3 Business Growth Benefits of Franchising Any Type of Business

24 May 2023

business franchise

What comes to mind when you hear the term “franchise”?

You naturally think of fast-food restaurants such as McDonald’s, KFC and Subway. But what if I told you that franchising can be one of the (if not the) fastest and most leverageable ways to grow YOUR business?

Yes – even if you’re not in burgers and fried chicken! 

Business franchising comes in various formats and types, and can be applied to ANY organisation. However, as a Business Coach, I have seen so many entrepreneurs and business leaders quickly dismiss the idea of franchising before they even explore this option.

So, in this blog, I’ll discuss some of the key benefits of branching out your business through franchising and how it may be the ideal option for you.

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3 Business Growth Benefits of Franchising Any Type of BusinessRead More

Filed Under: Business

3 Simple Strategies to Increase Profit Margins in your business

24 May 2023

Increase profit margins

The majority of businesses exist to make a profit.

However, profit is only earned at the very last step, after you’ve made all of your sales, covered all of your costs, done all the work and paid all of your staff. As a Business Coach, I know that business owners often feel overwhelmed, wondering how to find ways to maximise that profit margin gap.

The most common “go-to” approach is to just increase sales.

However, in reality, this is a difficult way to boost profit margin, especially in the short term. After all, a company can bring in millions of dollars in revenue each year but still be unprofitable. 

A smarter, more sustainable way is to scale and increase profit and revenue, by focusing on your profit margin percentage. 

In this blog, I’ll show you how you can increase your profit margin using these three simple strategies.

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3 Simple Strategies to Increase Profit Margins in your businessRead More

Filed Under: Business

Buying Businesses: Why it should be another growth option

24 May 2023

Buying businesses

Running your own business is a huge undertaking.

As a business owner yourself, you are always looking for more organic ways to grow your organisation. Ultimately, you want to make more money and serve a larger customer base. The only challenge is identifying the best way to grow your business at a healthy and manageable rate.

There is a long list of tactics, from marketing and franchising to hiring and expanding into new categories or geographies.

But what about buying another business?

If you are looking to move your business forward, you might want to consider the option of strategic growth through the acquisition of another company.

Let’s talk this option through.

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Buying Businesses: Why it should be another growth optionRead More

Filed Under: Business

Why Great Work Habits are so important for you and your Business

24 May 2023

Work habits

There’s a lot of work that goes into running a successful business – every single day. 

As a Business Coach and owner of several businesses, I know this firsthand. However, while many people assume that it’s simply a combination of perseverance, a willingness to work hard and a belief in what you’re doing that gets you over the line, it’s actually your habits that are the foundation of your success.

In fact, most noteworthy business leaders attribute their achievements to just a few key habits they’ve developed over the years that have helped them use their time more wisely, keep their head in the game and grow their business.

In this article, I’ll discuss the importance of great work habits and share the top 5 habits I believe will help you achieve the most success in your business, and for yourself.

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Why Great Work Habits are so important for you and your BusinessRead More

Filed Under: Business

How Forecasting Business Cash Flow Can Give You Clarity and Peace of Mind

24 May 2023

Forecasting business

Business is mostly about managing two things: numbers and people. 

Without your numbers showing healthy financials, it’s hard to have a profitable business. And in what seems like a ‘chicken or the egg’ debate, you can’t attract and retain people – employees, customers and your suppliers – if you don’t get these numbers right.

So – where do you start?

As a Business Coach, I always tell my clients: cash flow. 

Cash flow is the lifeblood of your business. The good news is that with the right tools, processes and systems, you can develop relevant cash flow forecasts to improve your business’ longevity and profitability. 

In this blog, I’ll discuss the importance of cash flow forecasting and how it can improve your day-to-day decision making and ability to realise your long-term goals – all while keeping you sane!

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How Forecasting Business Cash Flow Can Give You Clarity and Peace of MindRead More

Filed Under: Business

How to Attract and Retain the Best Talent in Your Business

24 May 2023

Retain best talent

As a Business Coach, I’m seeing many businesses really struggling today to attract and hold onto the right kind of people in their teams.

However, while most are quick to blame the recruitment process or the current economic conditions, it’s more important to focus on what’s actually within your control, such as your workplace culture and the type of environment that you’re offering new and existing staff.

The reality is: whether it’s for better or for worse, you ultimately get the team you deserve. 

What team do you have? What team do you want?

Here’s how to home in on what you can do to find and keep the best people in your business.

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How to Attract and Retain the Best Talent in Your BusinessRead More

Filed Under: Business

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Recent Posts

  • 3 Business Growth Benefits of Franchising Any Type of Business 24 May 2023
  • 3 Simple Strategies to Increase Profit Margins in your business 24 May 2023
  • Buying Businesses: Why it should be another growth option 24 May 2023
  • Why Great Work Habits are so important for you and your Business 24 May 2023
  • How Forecasting Business Cash Flow Can Give You Clarity and Peace of Mind 24 May 2023

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