Being successful in business demands you have certain essential components in place. Such as a durable business model. A solid plan of action. Sound financial management and bookkeeping. A dependable team. Diligent administration and analytics. And clear-cut goals. But in today’s increasingly competitive business environment these components alone are not enough to get ahead. What is needed to complete the ideal business structure is the key element of execution.
Define it as the ability to make things happen, to stay the course, to take action, to maintain focus. However you choose to describe it, effective business execution is what separates the ordinary from the outstanding. It’s what distinguishes a business that just makes it from one year to the next from one that proactively evolves and expands to meet the ever-changing needs of its target market.
Execution can be classified as an intangible skill. Unfortunately, it is a skill that is usually not taught in formal education institutions. But there is nothing stopping business owners from acquiring this invaluable skill on their own. And thanks to the internet, it is now even easier to study the principles of effective business execution used by influential thought leaders the world over and, then to put them into practice. Daily.
SMART Business Solutions will shortly be launching a 12 month program for businesses wanting to do exactly that, focus on execution of their business goals to drive growth and profitability. The 2.5-3hr sessions will be held monthly with a focus on core business topics to make you take the time to work “on your business” not always in your business.
Please contact Nicole to register your interest as we are currently exaluating the most time based on client requests.
Any further questions? Please contact SMART Business Solutions on 03 5911 7000 or firstname.lastname@example.org.
Want to grow your business & improve cash ﬂow?
You need SMART solutions for YOUR business, not just annual tax compliance! Get the SMART team working with you. Call SMART Business Solutions today on 03 5911 7000.
With the borders between the State and Territories all but open and 2021 in sight, there is a hunger for a return to normal. With Australia's desire to ‘get on with things,' sentiment reached its highest level since November 2013 and Christmas spending is expected to be consistent with previous years.
Stimulating investment is high on the Government’s agenda. To encourage spending, the 2020-21 Budget introduced a measure that allows businesses to immediately deduct the cost of new depreciable assets and the cost of improvements to existing assets in the first year of use.
We’ve had quite a few questions about the JobMaker hiring credit announced in the 2020-21 Federal Budget. The legislation enabling the JobMaker scheme has not passed Parliament as yet and until this occurs, the JobMaker rules are not certain and may change.