Business Networking

Why online presence is essential for your business

Posted on

Australia Post on its Inside Australian Online Shopping report noted that more than 73% of Australian’s household shopped online back in 2018. Total online spending is broken down into seven expenditure categories. Fashion, variety stores, health and beauty, media, hobbies and recreational goods, and specialty food and liquor are the other six categories; where variety stores (the ones that offer one-stop shopping place like Marketplaces) and fashion own the highest percentages with a 35.6% and 27%. These figures prove that online market is beginning to have its own demand.

From the same report, it is concluded that there is a 20.2% national average of year on year growth online spending by the Australians. Shoppers in the same publish also plan to continue on buying things online in 2019. Generally, when asked why choose to purchase things online rather go to stores, consumers said they are benefited from the time flexibility …

Business Models

How to Start Your Own Business

Posted on

When it comes to advancing towards your own future, especially in regards to your career, developing your own business can be a great benefit. However, actually developing the business needs to be something you plan out and work towards on a more serious level. So, keeping this in mind, here are the most important factors to consider when you can start your own business in 2020.

Stick to Your Strengths

Starting a business can be incredibly difficult for someone who has no previous business experience. For example, starting a theatre with no experience in the sector could be a fun experience. But, without the right knowledge it is far likelier to fall apart. So a lifetime on stage, doing the marketing or running productions are some prerequisites to starting this kind of business. Just an example, but it illustrates the point.

It’s also important to recognise where your skills are …

Business Models

All about Employee Engagement

Posted on

Employee Satisfaction only indicates how happy or content your employees are. It does not address their level of motivation, involvement, or emotional commitment. For some employees, being satisfied means collecting a paycheck while doing as little work as possible.

When organizations focus on how to improve employee satisfaction, changes won’t necessarily lead to increased performance. Oftentimes, the conditions that make employees “satisfied” with their jobs are the same conditions that frustrate high performing employees. Top performers embrace change, search out ways to improve, and challenge the status quo. They expect all employees be held accountable for delivering results, whereas low performers avoid accountability, cling to the status quo, and resist change.

Why is employee engagement important?

Employee engagement goes beyond activities, games, and events. Employee engagement drives performance. Engaged employees look at the whole of the company and understand their purpose, where, and how they fit in. This leads to …

Business Models

Accounting Cycle, Know the Main Stages to How to Make It

Posted on

The field of accounting does have a very important role so that the sustainability of a company or business can be monitored properly. This is suspected because accounting has the main objective as a provider of information that can be used to make important decisions in maximizing the performance of a business.

To be able to get the information needed, an accountant will usually carry out a variety of activities. Accountants are responsible for collecting data and process it systematically in a certain period of time. Usually, the series is carried out in one year.

The accounting process or accounting cycle is the activity of collecting and processing data in one period of time. In other words, the accounting cycle can be interpreted as the process of preparing financial statements. Of course, the financial statements must be made in detail and can be accounted for. If you are looking for …

Business Models

How to Set Up Your First Physical Office Space

Posted on

Are you setting up a business or have already established a business in recent years? If so, then you may be considering what you need to do in order to take the next step and set up a physical office space. So, with that in mind, here are the most important considerations that you need to make when it comes to setting up your very own physical office.

Why Do You Need an Office?

In the modern world, plenty of people are working hard to make a name for themselves across multiple industries. And plenty of them are doing so without the comfort of an office space of their own. So, why do you need one?

Ultimately and most importantly, it often comes down to securing the legitimacy of your company. Not having a physical office can make your business seem questionable or unestablished, which can then push people to …