Leadership

Advice What training should I provide?

Training staff will help your employees increase efficiency, reduce staff turnover and will benefit your company in the long run.

Advice How do I appraise and assess my staff?

Regular performance reviews are essential, and the more often the better. Set up meetings every six and 12 months with each staff member to assess their performance and set up new goals for them to achieve.

Advice How do I build the right team?

It is absolutely essential you have the right people working together to move the business forward.

Advice How can I motivate my staff?

The key thing to keep in mind is that money is not the only motivator. Your staff need leadership, direction and a unique culture to be motivated.

Advice What makes an effective leader?

You truly need a vision for the business and how to get there. You need to have a clearly defined strategy, and you must be confident of your success – no one will follow you if you are too timid.

News Just one in 10 local business leaders consider themselves stressed: Survey

Less than 15% of Australian business leaders consider themselves stressed, new research shows, as the latest National Australian Bank survey reveals improved confidence in the December quarter.

Features Striking it rich

In 2002, Michael Schreiber opened the first Strike Bowling Bar. Since then, Strike has grown into a $30 million revenue business employing more than 300 staff. This is how Schreiber bowled his competition over. BY MICHELLE HAMMOND.

Taskmaster Talk it up

There’s a certain way to say everything and when times are slow, as they are now for many businesses, you really need to pick your words carefully.

News Four entrepreneurial couples that have the Valentine’s Day spirit

With Valentine’s Day just one day away, many retailers are relying on the temporary spending splurge to boost sales, despite consumers’ cynical views on the commercial nature of the event.

News Australian new business growth among world's best: Report

Australia is performing strongly when it comes to new business start-ups, with the nation recording the third highest number of new ventures among the world’s G8 economies, according to a new report.

Mentors Letting go and embracing delegation

While it’s easy to fall into the trap of taking on everything yourself, learning to delegate can be one of the most crucial techniques you use to help grow your business. BY MARK CAMPBELL.

Taskmaster Beware the business love triangle

If your business partner is also your life partner it’s imperative you have a shareholders’ agreement that sets out exactly what would happen if your love ever goes cold.

Taskmaster Forget perfect, be good enough

Having perfectionists is great in areas like administration or compliance, but in a growing business the accent needs to be on speed. And that’s hard to build when you’re agonising over every last detail.

Taskmaster Borrow from Mark Zuckerberg’s culture

Contained within Facebook’s prospectus is a letter from Mark Zuckerberg to shareholders that sets out the kind of culture and organisation he has tried to create. I think it should be required reading for every entrepreneur.

News Veuve Clicquot unveils female entrepreneur finalists

The founders of Lorna Jane and T2 are among the finalists for this year’s Veuve Clicquot Business Woman Award, with the shortlist recognised for their achievements in everything from food to fashion.

Taskmaster Get some coaching from your staff

It can be lonely at the top when it comes to performance reviews and as chief executive of a start-up you can find yourself isolated from your team when it comes to getting feedback on your performance.

Mentors Should I give my mentor a stake in my start-up?

If your mentor's advice has boosted your start-up, then you should definitely consider offering them an equity share.

Features Top 10 start-up entrepreneurs to watch

We present the top 10 fledgling entrepreneurs and start-up industry players who caught our eye in 2011. BY MICHELLE HAMMOND.

News Harvey Norman’s new GST-free site gives franchisees the jitters

Franchisors should seek advice from their franchisees to ensure long-term sustainability, an expert says, after Harvey Norman began selling games on a GST-free website.

News Shoppers told to “know their rights” this Christmas

Shoppers told to “know their rights” this Christmas Retailers have been put on notice after the consumer watchdog said shoppers should “know their rights” this Christmas with regard to guarantees, warranties and refunds.

News SMEs target 15% revenue growth in 2012 despite tough year: SmartCompany-WHK SME Directions Survey

Australian SMEs have shrugged off a difficult year and set their sights on posting revenue growth of 10% and profit growth of 15% in 2012, according to the inaugural SmartCompany-WHK SME Directions Survey.

News Former SA treasurer Foley set to launch start-up

Kevin Foley, the former South Australian treasurer, has departed politics to launch a “strategic advice” business, possibly aligned with the Alexander Downer-founded start-up Bespoke Approach.

News Aussie retailers failing to retain key staff: Survey

Less than half of Australia’s retail employees believe their organisation successfully retains its most talented people, new data shows, suggesting retailers are failing to provide staff incentives.

Taskmaster Consider your personal development plan for the year ahead

Finding time for personal development is never easy, but it’s crucial that you do it.

News Little Girl Big Dream offers up mentor smorgasbord

Representatives from Dick Smith and Estée Lauder are among the mentors who will help young female entrepreneurs develop their ideas as part of the Little Girl Big Dream mentoring program.

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