THE GREATEST CHALLENGES FACING BUSINESS AND HOW TO SOLVE THEM

THE GREATEST CHALLENGES FACING BUSINESS AND HOW TO SOLVE THEM

THE business environment in which we operate is dynamic; with the only constant being change. Adapting to this change is critical if businesses are to remain successful in this highly competitive environment. With this in mind, I will share some of the key challenges that businesses of all sizes are facing.

These are all challenges that ...

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HOW THE 'MAGNIFICENT SEVEN' CAN INCREASE YOUR PRODUCTIVITY

HOW THE 'MAGNIFICENT SEVEN' CAN INCREASE YOUR PRODUCTIVITY

WHEN reviewing the financial performance of a business, the primary measure I look at is return on capital employed (ROCE) - not only a measure of the profitability of a business but also the efficiency with which its capital is employed.

In Laymen's terms, ROCE works out how much bang for your buck you're getting out of the time...

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SIX ESSENTIALS FOR CASH FLOW MANAGEMENT

SIX ESSENTIALS FOR CASH FLOW MANAGEMENT

MONITORING cash flow should be your number one priority if you are a business owner; after all, cash is king. Part of this process is having careful control of debtors, for anyone that has experienced times of tight monetary control you know how critical this is in tough times.

Outlined below are key points on how to ensure your cash flo...

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STRAIGHT TALK: HOW CRAIG TREASURE BUILT SUCCESS AT VILLA WORLD

STRAIGHT TALK: HOW CRAIG TREASURE BUILT SUCCESS AT VILLA WORLD

SINCE taking charge of Villa World Group (ASX:VLW) four years ago, managing director and CEO Craig Treasure has led the company through its most successful period.

In that time, the Gold Coast-based affordable housing builder and developer has grown its market capitalisation from $50 million to $220 million by building annual sales from 400 p...

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FROM THE TANK: GOOD OLD-FASHIONED BUSINESS STILL RELEVANT

FROM THE TANK: GOOD OLD-FASHIONED BUSINESS STILL RELEVANT

BEING involved with Shark Tank and my friendship with startup guru Steve Baxter has inspired me to seriously engage with early stage businesses.

At last count, I'm actively engaged with, invested in or mentoring nine fledgling startups. My interest in this space recently drove me to attend the launch of Innovation North Queensland (INQ) i...

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FROM THE TANK: BRINGING AN IDEA TO LIFE

FROM THE TANK: BRINGING AN IDEA TO LIFE

TAKING an idea from a lightbulb moment to a fully-fledged enterprise may seem overwhelming for the average punter, but serial entrepreneurs get excited by the challenge, and generally follow a similar roadmap on their way to execution success.

Last week it was very exciting to take part in Ralph Ashton's My Big Idea panel, an initiat...

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FROM THE TANK: THE CLOCK IS TICKING, TIME TO ACT

FROM THE TANK: THE CLOCK IS TICKING, TIME TO ACT

SCRAPING back into power by the smallest margins is simply a symptom of bad politics, bad governing and a lack of engagement with the electorate.

Malcolm Turnbull has enjoyed a number of successful careers - law, banking, investing, journalism - and can now add Prime Minister of Australia as his most successful vocation.

He has nothing to ...

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FROM THE TANK: SHOULD YOU EVER WHACK-A-MOLE?

FROM THE TANK: SHOULD YOU EVER WHACK-A-MOLE?

A FAST-PACED game of whack-a-mole often evolves as a business begins to scale up.

Based on my past experience with Greencross (ASX: GXL) and my work these days on a number of companies including Shark Tank startups, it seems the faster you grow, the more chaos occurs.

For the unacquainted, whack-a-mole is the game you sometimes play as lit...

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FROM THE TANK: HOW I PICK TECH COMPANIES

FROM THE TANK: HOW I PICK TECH COMPANIES

JAMIE Pherous, the founder of Corporate Travel Management (market cap $1.4 billion) said it well at the Brisbane Business News breakfast last week: "Business is simple, don't overcomplicate. Learn the rules of the game and play hard". 

Business is a little like a game of rugby, where you pass the ball backwards an...

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FROM THE TANK: DIVING INTO POLITICS

FROM THE TANK: DIVING INTO POLITICS

A DECADE ago I faced an important career decision which could have changed the course of my life. 

Option one, pack our bags and head to Brisbane to head up Greencross as we finalised plans to list on the ASX. Option two, seek endorsement by a political party to run for State or Federal Government in the local Townsville area. Lisa, my w...

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IS PROPERTY A GOOD CHOICE?

IS PROPERTY A GOOD CHOICE?

UNCERTAINTY around superannuation in the lead up to the July federal election has people taking a flight to property investment as they look to escape the clutches of self-managed and institutionalised super funds. Choice Home Loans Varsity Lakes managing director Peter Gwynne says people were looking for certainty in an uncertain environ...

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FROM THE TANK: PEOPLE MATTER MOST

FROM THE TANK: PEOPLE MATTER MOST

WHAT am I looking for on Shark Tank? In actual fact, I am looking for 'who' rather than 'what'.

The product or service has to be market relevant but I am more interested in the capability of the entrepreneur. Exceptional entrepreneurs take companies on exceptional journeys and I am looking for people who I want to work wi...

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GOLD COAST MUST DRIVE 'IDEAS BOOM'

GOLD COAST MUST DRIVE 'IDEAS BOOM'

AFTER just 24 hours it's hard to measure the impact of yesterday's much-anticipated innovation policy statement on launching Australia's "ideas boom". However, one thing we can be certain of is that the Gold Coast is already leading the way in creating a more vibrant and dynamic community through our hard-working, ri...

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WHY A POSITIVE COMPANY CULTURE COUNTS

WHY A POSITIVE COMPANY CULTURE COUNTS

YOU hear every day business operators saying how difficult it is to keep employees motivated and productive. As a long-time Gold Coast business operator with a 250-strong team, I believe the key to these challenges is creating a positive corporate culture that attracts and retains the best people in the industry. It makes business sen...

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CENTRAL HUBS IN DEMAND

CENTRAL HUBS IN DEMAND

COMMERCIAL leasing is springing back to life in Southport and Surfers Paradise as tenants jostle for the best position in well exposed locations. The resurgence of leasing activity is in large part due to the overwhelming success of the first stage of the city's light rail system which has breathed new life into these markets. Vac...

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CHINESE UNFAIRLY TARGETED IN PROPERTY HYSTERIA

CHINESE UNFAIRLY TARGETED IN PROPERTY HYSTERIA

FOREIGN investment: it's a hot topic in Australia, and with good reason. On the Gold Coast, we're receiving enormous enquiry from overseas buyers and in particular the Chinese. They see the city as a safe place to invest and view the Gold Coast as the nation's premier lifestyle destination. There are a couple of factors drivin...

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LIGHT RAIL LUNACY: HAVE WE BEEN HIJACKED AGAIN?

LIGHT RAIL LUNACY: HAVE WE BEEN HIJACKED AGAIN?

HAS the Palaszczuk Government totally hijacked the Gold Coast light rail system and short-changed the city all over again? The latest plans by the government to fast track construction of the light rail is the most ill-advised response to an issue as any that this government has offered since coming to power in January. Forget the scr...

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QUEENSLAND, THE STARTUP STATE?

QUEENSLAND, THE STARTUP STATE?

QUEENSLAND has lofty goals for the startup sector, calling for a 100-fold increase in GDP and growth in employment to comprise 20 per cent of all Queensland jobs by 2033. This is reflected federally, where the startup sector is expected to lift GDP from $1.5 billion in 2014 to $109 billion in 2033, and to employ 540,000 Australians in wha...

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CHINA-AUSTRALIA FREE TRADE AGREEMENT WILL SUPPORT GROWTH

CHINA-AUSTRALIA FREE TRADE AGREEMENT WILL SUPPORT GROWTH

THE free trade agreement (FTA) with China provides Australia with a substantial opportunity to grow and diversify our economy over the next decade, according to the Business Council of Australia. President Catherine Livingstone says the agreement will help create jobs in the future and maximise opportunities in global supply chains as the na...

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FIVE WAYS TO SAVE MONEY AT TAX TIME

FIVE WAYS TO SAVE MONEY AT TAX TIME

WITH the end of financial year fast approaching, it's time to start thinking about our finances. But with tax rules changing every year, it can be a little confusing when trying to understand what you can and can't claim. Scott Baker, director of Mobbs Baker Wealth, says a few small considerations now can help save you money and unn...

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FARE DODGERS 'POSE THREAT TO LIGHT RAIL EXPANSION'

FARE DODGERS 'POSE THREAT TO LIGHT RAIL EXPANSION'

FARE evaders on the trams are threatening the viability of the transport system and the possible second stage of the light rail, says Councillor Dawn Crichlow. Since paid services started, Gold Coast light rail patronage has exceeded targets with an average of 17,800 trips made each day. However statistics received from TransLink indicate...

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DEBUNKING THE MYTHS AROUND OFFSHORE STAFFING

DEBUNKING THE MYTHS AROUND OFFSHORE STAFFING

ONE Gold Coast company is changing the perception of offshore staffing moving it away from call centres and IT help desks and establishing it as a key way to grow local business.  AMBS Offshore Staffing Solutions, a Robina-based office offering overseas employment opportunities, is aiming to debunk the myths around offshore staffing ...

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POST-2020 TARGET NEEDS TO STRIKE THE RIGHT BALANCE

POST-2020 TARGET NEEDS TO STRIKE THE RIGHT BALANCE

AUSTRALIA has an important role to play in reducing global carbon emissions, but future emissions must be set in a way that is both environmentally and economically responsible, according to the Business Council of Australia (BCA). Chief executive Jennifer Westacott says Australia will need to strike a balance in setting a target that is ...

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HOW TO GROW LOCAL JOBS THROUGH OFFSHORING

HOW TO GROW LOCAL JOBS THROUGH OFFSHORING

OFFSHORE staffing may appear to be undermining the local employment market, but one Gold Coast company is defying popular opinion by showing it's the best way to grow business and create more skilled jobs. AMBS Solutions, a Robina-based business offering overseas employment opportunities, says while in the past offshoring has been see...

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WEALTH OF OPPORTUNITY

WEALTH OF OPPORTUNITY

MILLIONS of dollars’ worth of contracts are up for grabs for Gold Coast businesses in the lead up to the 2018 Commonwealth Games. Minister for Tourism, Major Events, Small Business and the Commonwealth Games Jann Stuckey says the event will be the largest of its kind in Australia in a decade. This in turn creates a number of opp...

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TRIGUBOFF TIPS GOLD COAST BOOM

TRIGUBOFF TIPS GOLD COAST BOOM

BILLIONAIRE developer Harry Triguboff rates the Gold Coast as Australia’s property hotspot over the next two years, ahead of his home turf Sydney which is benefiting from an influx of Chinese money.

Triguboff, speaking today at a Young Professionals luncheon, says Sydney prices have surged ahead too quickly as a result of foreign i...

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CHANGE A CHALLENGE FOR FAMILY BUSINESS

CHANGE A CHALLENGE FOR FAMILY BUSINESS

SUCCESSFUL family businesses need to openly discuss the issues of wealth transfer and succession planning, says Dr Keith Duncan (pictured), Director EMBA Program, Bond University, Faculty of Business. Family businesses are at the heart of the Gold Coast and Australian economy.

Representing around 70 per cent of all business in Australia, they pr...

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NOW IS THE TIME TO CHANGE

NOW IS THE TIME TO CHANGE

LOW Carbon Australia (LCA) is the government-funded body charged with providing energy efficiency solutions to business and communities. CEO Meg McDonald (pictured) sees the introduction of the Carbon Tax as an exciting opportunity for change. THE Federal Government’s new Carbon Tax marks the beginning of a larger, long-term trend towards ...

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TOM TATE TO SLASH GOLD COAST DEBT

TOM TATE TO SLASH GOLD COAST DEBT

AS Gold Coast Mayor, I will be a full-time promoter of this city and will proactively pursue development. My mission is to create more local jobs. We need the banks to turn on the investment tap for this city. I want to take responsibility for getting some big projects going.
The council will do its part. The efficiency of entire organisation an...

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BUSINESS FORECAST IS A WILD RIDE AHEAD

BUSINESS FORECAST IS A WILD RIDE AHEAD

THE next wave of prosperity may reach our golden shores as soon as 2014, but BIS Shrapnel chief economist Frank Gelber (pictured) warns tourism investment must improve. As economic conditions improve, Gold Coast business leaders need to be more positive-minded and cast away the frugal corporate culture they acquired during the downturn and a sum...

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