Tag Archives: inspiration

BALANCE AT WORK BLOG

Looking for some workplace magic?

On my way back from Melbourne last week, I sat near a girl who was reading a book called ‘Workplace Magick’.  This started me thinking about a lot of things, mostly about how bad things must be at work for someone to hope a book like that might help.  
 
 Have you ever felt that desperate?  I know I have!  And I’m also fairly sure no magic was going to fix it!
 
The Gallup organisation recently studied work satisfaction. They found that feeling that you have friends at work was one of the top predictors of job satisfaction.  You can achieve a friendly and productive workplace by creating a positive work environment that motivates people.  

 

How can you bring back the magic for your team? 

1.  Think of yourself as a facilitator and supporter of greatness, for both your team and individual members.  When you know their strengths, you can help them harness and contribute their best efforts.
 
2.  Be willling to share the credit when things go well and avoid playing the blame game when they go wrong. 
 
3.  Be aware of how you talk to – and about – members of your team.  How you communicate, verbally and nonverbally, is being constantly monitored and judged by those around you.
 
4.  Listen to and respect the opinions of team members.  Show them that their suggestions are valued by being prepared to try something new when they offer solutions to problems they’ve identified.
 
5.  Keep your commitments.  If you promised the team that something would happen, it’s up to you to make sure it happens, or have a reasonable explanation when it doesn’t.

Would you like to know what your team’s thinking?

Click here to find out the easy way!

BALANCE AT WORK BLOG

Top Business Ideas in the Aftermath of the GFC

This is a guest post from The Quinn Group:

The Global Finance Crisis was a trying time in the lifecycle of any business.

The good news is that we are seeing some softening effects from the GFC and there are certainly things that you are able to do to help your business run smoothly:

Turn negatives in to positives:

  • If your business suffers a lack of profitability, increase prices, shop around for cheaper suppliers, increase value-adds to your customers, develop loyalty programs and encourage referrals
  • Meet with your staff and assess whether they are being managed correctly, ask for their opinions and act accordingly
  • Review the gross profit margin of each product or service separately and eliminate underperforming offerings and replace with higher performing, higher turnover offerings.
  • Review the sources and reasons behind any customer complaints and alter your processes accordingly e.g. service, manufacturing, supply, quality control etc
  • As a manager you need to learn how to stop working and start managing. It is impossible to do everything yourself so ensure that you delegate tasks to the right people and free up some of your time for more important things
  • Plan your capital purchases to capitalise on any tax breaks before the end of the financial year

Capitalise on your assets:

  • Increase marketing to raise awareness for your business
  • Create systems to ensure that your quality is consistent
  • If you have great staff, review incentive packages to ensure you retain them and decrease your staff turnover rate
  • Plan for growth – if there is room for expansion find out the amount of funding needed to fund this growth and secure appropriate finance if necessary. Perhaps you may be able to franchise?
  • You may have a great product or service – protect it by attending to patenting or trademarking.
  • Outsource anything you do not have the expertise to do yourself. There can be great benefits in drawing upon the training and experience of others

The team of accountants, lawyers and financial planners at The Quinn Group are able to assist you in all your business planning needs and provide advice on the best strategies to undertake in the wake of the GFC. Click here to make an online enquiry or contact us on 1300 QUINNS (784 667) or on +61 2 9223 9166 to book an appointment.