Archive for the ‘Business News Perth’ Category

Comments Off on The when, why and how of your business exit plan

The when, why and how of your business exit plan


business exit

Most entrepreneurs start their business filled with the hope of success and with inspired dreams that would bring great success. Perhaps the hope was for financial independence, for more money, more security to work hard with the prospect of the luxury of free time later, or for personal fulfilment and for peace of mind.

However, a small business owner may decide to exit his business willingly or unwillingly, deliberately or unconsciously, sooner or later. It may be a result of declining quality of their brand, or any unexpected problem that could cause the business to fall. The day will come when each owner makes their final exit from their business whether they’re carried feet first out the door at death; they sell; they transfer the business to the next generation; or they take some other path out the door.

Are you currently planning to exit your business? If you do, you should prompt any small business owner to realistically consider their options and plan for their departure well in advance. You should begin thinking early, often and realistically about how you can best realise the value of your business when you leave.

Unfortunately for many business owners, considering an exit plan is often overlooked. But the truth is, having an exit plan is so important. You may read this article and learn the most important tips on how to get the most of your exit plan:

Comments Off on What Is an Angel Investor?

What Is an Angel Investor?


Angel Investor

Arguably, funding the business is the most difficult challenge an aspiring businessman may face. Especially for many new business owners, finding money to fund their small business is so difficult. Banks, private lenders and lending institutions are hesitant to lend money to new businesses because of they are more likely to fail due to lack of experience.

Fortunately, Perth small business owners can go to angel investors to help them. Cash angel investors are so called because they provide cash for a business in its initial stages. They also play the role of angels to businesses who watch over and try and make your business a success.

Of course, we all know that a business goes through the critical financial requirement during its inception and in the most trying stages. An angel investor comes in where there seem to be hurdle upon hurdle, but a little bit of extra cash eliminates many of these hurdles.

Looking for Angel investors and can’t find them? Depending on your business stage of development and growth you are probably looking in all the wrong places. Often, angel investors are friends and family members. However, there are also some wealthy individuals and private groups who wants to be angel investors.

To learn more about this topic, read this:

Comments Off on The Rise Of The Greypreneur

The Rise Of The Greypreneur


If you look around most business establishments in your local area, you probably have noticed that there are an decreasing number of older people working on offices. However, you might also see many business owners with grey hair. This is largely due to the fact that more and more retirees are using their retirement benefits to start their own business.

When most people think of entrepreneurs and business start-ups, they think of ambitious men and women who are full of youth and hope. But the new players in start-ups seem to be people in their fifties and sixties. They have surged to the forefront of the entrepreneurial stage. And since they want to become more flexible and relaxed while making money, they wanted to start their business. This growing trend of businesses being started and run by older business owners has led to the creation of new terms such as ‘seniorpreneur’ and ‘greypreneur.’

Risk and starting off with nothing are normally the things that are associated with entrepreneurship and startup. However, this new breed of business newbies are some people who who have spent a lifetime building their wealth and are not interested in taking on too much risk. Their experience, credentials and willingness to continue working into their retirement years is what helps them gain the trust of customers and the confidence of loans officers at their bank or credit union.

Today, there is an increasing number of greypreneurs in Australia. Continue reading at:

Comments Off on Why Is Quality Important for a Business?

Why Is Quality Important for a Business?


Whether your products are for wholesale or for retail distribution, quality control is mandatory for your business no matter what specific industry you are in. From food manufacturing to pharmaceuticals, to toys and clothing lines, quality products satisfy customers. For this reason, quality controller jobs will always be in demand, particularly for those with the right education and experience.

Image result for quality control

Naturally, quality control is not a job suited to everyone. So if you are considering being your business’ own quality controller, you should be sure to assess your natural skills and aptitudes.

Quality control is the practice of developing systems for manufacturing businesses to a consistent quality of products according to specifications that exceeds or at least meets the requirements of your customers.

Aside from helping your business being able to deliver quality products that meet your customers’ expectation, quality control procedures also influence your reputation. With the popularity of social media, customers and prospects can easily share both favourable opinions and criticisms of your product on product review sites, forums and social networking sites. Poor quality or a product failure that results in a product recall campaign can create negative publicity and damage your reputation.

Apart from these two mentioned, there are some other reasons why your business should consider quality control procedures. For more on quality control, you should read this interesting article from Small Business Chronicles.

Check out the full article here:

Comments Off on Australians willing to trade pay for flexibility

Australians willing to trade pay for flexibility


perth businesses

With the current globalisation that is taking place in all areas of economy and technology, more and more pursuits has developed and growth. One of these pursuits is service outsourcing.

By definition, outsourcing services simply pertain to getting other people to work on assigned tasks for faster completion of such assignments. The bottom line is to delegate some portions of work to individuals or firms that are not permanently connected to the party providing the work.

Assigned works are delivered within the specified deadline. In return, the company or person offering the work should provide the payment for the work accomplished. The decision whether continuous flow of work will be outsourced or the connection be terminated after the accomplishment of a particular task is on the hands of the outsourcing company.

One of the biggest advantages of outsourcing is that the whole workload of the business or home is reduced, which are all directed to faster completion of all goals when it comes to work. Outsourcing some of the tasks allows more time to complete other chores for the business or work. Through outsourcing services, the person or company can concentrate on other fundamental assignments, which makes the completion quicker and more efficiently done.

Today, more and more Australians are choosing to outsource household services even if they pay some cash. Read this article for more details:

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