Author: Westwoods BGA

Profile picture of Westwoods BGA

Posts by Westwoods BGA

How rising interest rates impact small businesses and ways to mitigate those effects

Posted on

In the world of business, one constant factor you are likely to encounter is change, particularly in the financial landscape. One such change that can bear significant implications for small businesses is rising interest rates. Understanding how this impacts your business and identifying solutions to counteract these effects can be key to sustaining and growing […]

Read More… from How rising interest rates impact small businesses and ways to mitigate those effects

Managing morale during times of change

Posted on

Change is inevitable in any business, but it’s rarely easy—especially when it comes to managing morale. Whether you’re restructuring your team, implementing new processes, or pivoting your business strategy, major transitions can leave employees feeling uncertain, disengaged, or even overwhelmed.  If you’re a change leader or small business owner, you’re probably asking yourself, “How can […]

Read More… from Managing morale during times of change

Stop losing money! The job order costing hack every business needs to know

Posted on

Ever wondered how companies price custom projects accurately? The secret can be found in a method called job order costing. For small business owners and entrepreneurs, understanding this process could be the key to increasing your profitability and ensuring that every job is priced just right. Welcome to a world where every material, man-hour, and […]

Read More… from Stop losing money! The job order costing hack every business needs to know

Why ‘The 7 Habits of Highly Effective People’ is still a must-read

Posted on

It’s amazing how some books stand the test of time. Stephen Covey’s The 7 Habits of Highly Effective People is one of those. Although it was first published over three decades ago, its lessons are still incredibly relevant for business owners. You might wonder – how do these habits fit into today’s landscape of changing […]

Read More… from Why ‘The 7 Habits of Highly Effective People’ is still a must-read

The human advantage: thriving in a tech-driven world

Posted on

We are currently witnessing a remarkable transformation driven by artificial intelligence (AI) and automation. While these advancements promise to enhance efficiency and speed, business owners must recognise the enduring importance of soft skills in their teams for long-term success and competitiveness. The World Economic Forum’s Future of Jobs Report highlights the disruption of skills we […]

Read More… from The human advantage: thriving in a tech-driven world

Startups gone wrong: what really causes most to fail?

Posted on

Starting a business is a thrilling adventure, filled with dreams of innovation and success. But let’s be honest—it’s also a bit of a gamble. Many startups face obstacles that, if not navigated carefully, can lead to failure. While vision and leadership are often highlighted as crucial elements, it’s the relentless grind of hard work and […]

Read More… from Startups gone wrong: what really causes most to fail?

10 essential tips for meeting deadlines

Posted on

In business, your capacity to meet deadlines can significantly influence your reputation. It’s not just about delivering quality work—it’s about delivering it on time. Meeting deadlines not only builds trust with clients but also ensures your operations run like a well-oiled machine.  Let’s explore ten essential tips to help you master the art of timely […]

Read More… from 10 essential tips for meeting deadlines

Tired of chasing payments? Handy tips for managing your receivables

Posted on

Running a small business is a constant juggle, and one of the more frustrating tasks is managing your receivables. How often have you found yourself waiting on overdue invoices, wondering if you’ll have enough cash flow to cover next month’s expenses? If this sounds familiar, you’re not alone. Many small business owners struggle with keeping […]

Read More… from Tired of chasing payments? Handy tips for managing your receivables

Paying down debt

Posted on

Debt can be a crippling problem for small businesses wanting to grow or just break-even during difficult times. By reducing debt you’ll improve the value of your business, its financial situation, and its ability to continue operating into the future. Assess your debt situation Take a detailed look at all of your debts – both […]

Read More… from Paying down debt

Does “mindfulness” have a place in business?

Posted on

According to Google, which offers employees a course on mindfulness meditation, and Lululemon, a company that keeps a Director of Mindfulness on staff, the answer is a resounding yes. Mindfulness, as American scientist Jon Kabat-Zinn defines it, is simply “paying attention in a sustained and particular way – on purpose, in the present moment and […]

Read More… from Does “mindfulness” have a place in business?

Master the Art and Science of Delegation

Posted on

Delegation is a skill often discussed but rarely mastered, especially by small business owners who are wearing multiple hats. The balancing act of managing daily operations while pushing for growth can be overwhelming. Imagine if you could free up hours in your day to focus on strategic decisions rather than getting bogged down in every […]

Read More… from Master the Art and Science of Delegation

Setting and tracking financial goals for small business success

Posted on

Setting financial goals for your business may be one of your most important responsibilities as a leader and business owner. Your financial goals serve as far more than wishful projections, they form the backbone of your road map for success, internal and external. Financial goals are something that every single business should possess regardless of […]

Read More… from Setting and tracking financial goals for small business success

Business Update – 13 November 2024

Posted on

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Australia ‘not immune from trade tensions’, Chalmers says Australia’s economy will not be immune from escalating trade tensions, Jim Chalmers has warned, as the Albanese government prepares itself for an incoming Donald Trump administration. In […]

Read More… from Business Update – 13 November 2024

Unlock Sales Success

Posted on

A solid sales strategy will help you consistently grow your business. It will give you a framework for generating more leads, closing more deals, and ultimately increasing your revenue. From nurturing existing accounts to thought leadership and effective pricing discussions, here are some actionable steps for a winning sales strategy. Nurture existing accounts:  Schedule regular […]

Read More… from Unlock Sales Success