Sunday, April 17, 2022

Reasons for Business Failure and How to Avoid Them

 Hi all,

I am an entrepreneur with years of experience who has been dealing with a variety of challenges. It has been difficult, but I knew that I would face these problems and I managed to survive. The most common issue that business owners face is the lack of funds, which happens because of mismanagement of funds. I was careful from the beginning about this because I had an accountant by my side, and we ensured that we had our budget clearly set for every quarter. We also worked on improving profits and sales to manage the finances. It is important to foresee such reasons that can lead to business failure so that you can avoid them. Here is an article that will explain this in detail.

https://www.business2sell.com.au/blogs/evaluation/reasons-for-business-failure-and-how-to-avoid-them




This 1939 newspaper shows Australia's politicians have behaved the same way for 80 years

 I found an old Australian newspaper the other day, from 1939.

You should see the stories inside.

They touch on so many issues that concern us today that it makes you wonder: Have we been complaining and talking about the same things (and families) for more than 80 years? 

If you'd like a break from coverage of the federal election, have a look at this.

Smith's Weekly, founded by Joynton Smith

The newspaper is Smith's Weekly, a popular weekly paper published from 1919 to 1950.

Its hometown was Sydney but it was read around the country.

Read More: https://www.abc.net.au/news/2022-04-17/newspaper-1939-shows-australias-politicians-behaving-the-same/100990270



Family owned SA vineyard wins President's Medal at Sydney Royal Easter Show

 The Royal Agricultural Society of New South Wales has awarded its most prestigious wine, dairy and fine food Award to South Australia's Shottesbrooke Vineyards.

The family-owned business had to beat 4,000 other competitors and 81 other Sydney Royal champions from all over the country to take the 15th President's Medal.

Producers are judged on a triple bottom line assessment to determine their social, economic and environmental impacts.

Judges travelled to Shottesbrooke Vineyards and five other locations to conduct extensive reviews of the finalists' operations.

Read More: https://www.abc.net.au/news/rural/2022-04-13/sa-vineyard-wins-royal-easter-show-presidents-medal/100984788



Boutique Sydney consultancy fends off a dozen suitors before accepting EY takeover

 Punching above its weight for over two decades as a boutique challenger brand, Sydney-based business management firm Black Dot Consulting is ready to take on the more established players in the market after being acquired by EY, formerly known as Ernst & Young.

Founded in 2001 by Marty Nicholas, Blackdot provides consulting services to clients such as Coles (ASX: COL), Westpac (ASX: WBC), AstraZeneca, Optus and Telstra (ASX: TLS).

“We have been a cash by funding business for 21 years, and we've opened up in five global locations and enjoyed doubling the business size in the last 24 months, so we've been in a really exciting growth phase,” Blackdot CEO Marty Nicholas told Business News Australia.

Read More: https://www.businessnewsaustralia.com/articles/boutique-sydney-consultancy-fends-off-a-dozen-suitors-before-accepting-ey-takeover.html



Why Ethics and Social Responsibility Matter to Modern Businesses?

 Hello, Business ethics are not something that needs to be done to follow the herd mentality. It is a requirement to run a morally correct w...