How to Track and Manage Cash Flow for the Tough Times in the Economy

Tracking and understanding cash flow is vital for any business. Cash flow is one of the most critical components of success for a small or mid-sized business. Without cash, profits are meaningless. Many a profitable business on paper has ended up in bankruptcy because the amount of cash coming in doesn't compare with the amount of cash going out.
You need to know how the amount of money you bring into your business compares to the amount going out. If you're spending more than you're earning, you need to make changes to avoid going out of business. There's an old adage about business that "cash is king" and, if that's so, then cash flow is the blood that keeps the heart of the kingdom pumping. Put simply, cash flow is the money that will be coming in and going out.
To achieve a positive cash flow you have to work at it. Positive cash flow does not come by chance. You need to analyze and manage your cash flow to more effectively control the inflow and outflow of cash.
A positive cash flow is actually needed to generate profits. You need enough cash to pay your employees and suppliers so that you can make goods. It's the sale of those goods that helps generate a profit. But if you don't have the money to make the goods, you don't end up with the profit. So you really need to structure your business to have a positive cash flow if you want your business to grow and increase profits.
And it's important to regularly track the movement of funds in and out of your organization to identify where your business is from a financial standpoint and where it will be in several months.

Why Knowing Your Cash Flow Will be The Thing to Save Your Business

Dealing with cash flow issues is most difficult when you are starting a business. You have many expenses and money is going out fast. Think of 'cash flow' as a picture of your business. If more money is coming in than is going out, you are in a "positive cash flow" situation and you have enough to pay your bills. If more cash is going out than coming in, you are in danger of being overdrawn, that's why you need to know where your cash flow is, to save your business. When your business grows, it’s essential you fully understand the movements and volume of your cash flow on a micro level of month to month.

The larger the business, the more complex the cash flow is, so you need to examine everything thoroughly. Some factors to consider when reviewing your cash flow include target pricing, and understanding the true costs of each sale which helps know when to hire a salesperson and the KPI's they will need to work towards. You might notice some services are costing you more money than you thought, or choose to focus your efforts on the most profitable products your business offers though you sometimes don't where that is within the business unless the numbers are maxed out to track it adequately. It’s always worth keeping an inventory of your strongest performing products and generally set up a culture of observing your key performance indicators around these to see their consistency. Then keeping in mind those learning so you can replicate their success moving forward on other products or strategies for growing the business.

Monitor your business’s cash flow, look at your current financial situation, but also pay attention to patterns, such as how long certain clients take to pay their bills. If problems arise, it can be critically important for you to be able to pinpoint the causes early so that you can act on them effectively. If you do your own books you need to allocate time to follow up outstanding invoices. But over time it would be more ideal, having a contractor or in house employed book keeper that can do the numbers for you and chase funds owed. You want to be at the front of the ship leading the way and not bogged down tracking the numbers weekly, keep in mind understanding them and knowing the flow of how the businesses oxygen source moves is critical to controlling the ship sustainable.

Learning the basics to monitoring cash flow, every business owner could probably benefit from a basic accounting course when they are starting out. Learn what the most important measurements are to apply to your business financially, even if you have designated experts on staff you need to know how to manage them and know what they are doing in your business as they have one foot of the blood line of the business. Delegation is important and necessary, but the buck ultimately stops with you. Being able to understand financial concepts and the language of accounting better enables you to evaluate the financial health of your business so keep this in mind always.

At this stage, it can be enormously beneficial to partner up with a cash flow finance expert or look for quality outsource companies that offer book keeper services if money is an issue. Not only can they help a lot with complicated processes like weighing up future investments and cash flow, but they’ve seen and done it all before. So when doing your book keeping, make sure to have the structure mapped out for efficiencies earlier rather than later, should be aligned to the work flow of your business model.

So take the numbers of your business serious it is the life line of your business and this has taken out many businesses before over the history of time, from small to large operations, when you don't forecast things, knowing how the business is actually performing as in daily profitability as the causes. So go learn the basics, ensure you allocate quality time to this aspect of your business and utilise the knowledge of others to help plan the business for growth without putting your dreams at risk.

Written by:

Kane Hansen

www.truenorthbusinessconsulting.com.au


Why you need to stay on Top of the Marketing World in Today’s Times

It is an undeniable fact that technology has, and is continually changing the way we do business, and has no doubt about it made it's impact on digital marketing as well. In fact, it has brought digital marketing a long way and its future looks bright. Technology is inescapable now and those in business that choose not to face it will fizzle out. It pervades every facet of our life just see people everywhere now glued to their phones right! From how we work, play and live our lives, technology has created a revolution that will grow for as long as humans continue to advance in their capabilities.

As the days, months and years go by technology just gets better and better. What was once the latest and greatest yesterday, is old news today. The bottom line is, technology doesn’t wait for you and if your organization isn’t keeping up with it, you will surely be left in the dust by one of your competitors. They surely would have used social media as their advantage in this technology era. Social media is growing at warp speed and isn't going to slow down. With more and more people joining social media sites and using them regularly or efficiently, the social media industry is bound to become bigger in the coming years. It’s booming like never before, just knowing the technology abilities for social media will be one of the best ways if not the only way to use in your business for scaling and profiting solid results.

Yes, the social media wave isn’t ending anytime soon. And your business should take advantage of it if you want it to survive. With such amazing growth, every business today needs to leverage proper social media channels in the best possible way. Not because it’s the “in thing”, and not because it sounds simple, but because their target audience is hanging around the popular social networks with over 4 Billion active users world wide. And they’re engaging with their favourite brands and connecting with them on different levels don't you want to meet your current or future potentials clients eyes where they are focusing most of their attention on? By giving your businesses brand the social media touch, you not only generate more business but also connect with your EXISTING customers better and serve them on a higher level which has shown to result is retention of customers. It actually makes your online marketing easier once you have a execute strategy in place and it can save you a lot of your time once done. You can also contract it out, hire in house or do some training to look after it yourself if you aren't in a position increase business expenses currently.

No matter what industry your business is in, social media offers the opportunity to establish your brand as a thought leader the go to source for information on topics related to your business. Perhaps the most important thing social media can do for a business is to give business owners a way to engage customers in a whole new way. Social media allows you to get personal with your customers, and form a bond of trust with them. By replying to the concerns of your customers and asking for their opinions, you can enhance customer satisfaction while getting more traffic for your site, which further promotes your business.

So just as any means of marketing has been done previously in history from having a stall in the local market, door knocking, mailing, radio, television and emails the principals aren't different you just want to been seen by your customers eyes, identified as an authority in your space and they know you can add value to them. The new world of social media allows a small business to use these same principals but with huge leverage at very low costs, so the margins of ROI can be massive. If you aren't taking advantage of these things already then you need to start this process NOW!

Please download our FREE eBook on 12 tips to marketing and grow your small business here: www.truenorthbusinessconsulting.com.au/freeebook/

Written by:

Kane Hansen

True North Business Consulting.


How to Know Where to Best Spend your Time as a Business Owner

As a business owner, you know that time is your greatest asset. You can lose money and get it back. You can even lose a business and get it back. But time is irretrievable, and that's why you've got to protect it. And to make good business decisions, you also need to put regular time into planning, more than anything else, time is the most precious resource you will deal with as a business owner. Unlike money, you can only make so much of it in a day, so it is crucial you manage your time as effectively as possible.

Decide how much time to spend on business development, personal needs, family, and other important areas. A good allotment of time to set aside for yourself is 25%. Each time you make a commitment, make a timeline for your involvement. Keep in mind that maintenance requires 25% of the time you spend on any project. If you want to understand how some of the greatest operators manage their time with a P.A they work off what is called a "Ideal Work Week" or "Ideal Week" where every part of the day is schedule via priority of the task to the business or lifestyle and controlled by strict time frames.

At the early stages, business owners are involved in every detail of the company. Their free time would be spent on marketing, strategic planning, product development and developing strategic partnerships. Doing so, they would create new opportunities, grow revenue and achieve a better balance of work and personal life this is required for any business that is looking to scale. And one of the easiest ways for business owners to free up time and be more productive is to streamline tasks like scheduling meetings, follow ups, outstanding orders and payroll tasks. Scheduling payroll can save countless minutes of repetition from doing data entry and follow up outstanding invoices all take up time when your business starts to grow. Using the right systems and communication the owner can quickly leverage the business with the employees or outsourced resources, delegating tasks all in an instant and hand off the task of the easier more simple things like payroll, admin, repetition tasks. To have these allocated to staff or external contractors on a lower hourly cost that can deliver them on a faster and more effectively basis. The business owners can then devote more of their time to doing what they love: growing their business and turning a greater profit.

Constantly dealing with “urgent matters.” Whether it’s filling a sudden gap in scheduling, dealing with an unruly customer, fixing mistakes in payroll, business owners spend over a third of their time on activities that are both urgent and of immediate importance. This, coupled with unscheduled communications, personality issues, waiting for information or dealing with administrative tasks in general, are key reasons why business owners spend too much time working in their business instead of on their business. So having a clear vision and why in business and strategically doing the 20% of things that deliver 80% of your outcome as the priority each day will change get huge results with the same or less effort. By focusing on the main things each day and what will add the most value to your strategy to grow the business and keep on moving forward will make blocking out the minor issues easier and knowing where and how to spend your time each day.

As a business owner there are several roles that are performed in the beginning of running a company admin, payroll, book keeping, sales, marketing, hiring, training, business strategy, culture and the vision. Though most owners find themselves trying to do everything or too at least way too many of these things and this is what holds back the company from greater growth and profitability, they need to map out a work flow and understand what roles and tasks are done at each section of the work flow, systemise those processes and then start to look at the more minor repetition tasks and roles to be able to allocate them to an internal recourse or external recourse to get them done with freeing up time. I can ensure you it might feel a little hard to let go and trust with these things at first but you will free up valuable time as a business owner to focus more on the big picture and higher income producing activities in the business, along with having the right plan of attack to execute this process with minimizing risk was discussed above about the work flow and systems being structured within the business before trying this concept.

This process goes on and on and you can leverage and allocate more of the roles and tasks as the company grows, as you get bigger there will be further aspects to step away from and try replace with a more skilled or cost effective solution to achieving that outcome, you will notice your time becoming harder to manage and this is when you will know to review the businesses efficiency strategy. But please keep in mind a ruthless scheduled week, clear strategic plan is needed and definitely make sure you map out the per sale and post sale process with detailed systems and processes before you allocate the roles or tasks to help make the transition easier and successful.

Written by:

Kane Hansen


How to Create a Positive Mindset

A positive mindset keeps you going. It enables you to look at the positives of any situation and it helps you to visualize your goals, ultimately resulting in reaching them easier. The power of positive thinking is a popular concept, and sometimes it can feel a little cliché. But the physical and mental benefits of positive thinking have been demonstrated by multiple scientific studies. Positive thinking can give you more confidence, improve your mood, and even reduce the likelihood of developing health conditions.

Nobody's perfect. We’re going to make mistakes and experience failure in multiple contexts, at multiple jobs and with multiple people at some stage of our lives it's inevitable. But instead of focusing on how you failed, think about what you’re going to do next time, turn your failure into a lesson. Always remember that a positive mindset in business can be the difference between success and failure. It is all about learning just as a child which you were once upon a time tries to ride a bike for the first time and you fall off. You short term fail right...... but you continued to change and attempt to ride the bike without falling. It is this mindset we lose as we grow older we forget that everything in life is learnt through failing, reflecting and adapting until we succeed. So embrace your failures as it is apart of the journey to the outcome you are working towards.

Take a look at how you can remain positive weather you are self-employed, an entrepreneur, or someone trying to climb the ladder in your given field, you must always remain positive no matter what challenges you encounter. Almost invariably, you’re going to encounter obstacles throughout the day there’s no such thing as a perfect day, we wouldn't appreciate the sunny days if we never had the rainy days. When you encounter such a challenge, focus on the benefits, no matter how slight or unimportant they may seem, using gratitude as the fuel to keep you going. It is impossible to be grateful and angry or sad at the same time those emotions can't overlap. When facing hardships, setbacks, or self-doubt about your skills and abilities, positive thinking and daily affirmations to yourself saying that you’ll succeed can be a powerful force in helping you overcome anything. Get to a mental place of gratitude, them visualise and manifest positive thoughts and visions and know the process takes time, hard work and resilience. Preparing yourself and your mind for the bad days ahead makes it easier to pull your mind out of that negative spiral when it arises, you will be aware when it hits you.

Someone with a positive mindset handles challenges with self-assurance and composure. These people have confidence in their professional skills and ability to deal with obstacles. They can manage stress, remain calm under pressure and plan to resolve problems effectively. A resilient attitude also requires strong goal orientation, which means monitoring progress ongoing and regulating behavior that affects the goals one sets for oneself. Remember riding a bike you aren't born with these qualities in mindset control they are trained into the mind, they are developed and practiced. You need to pay attention every day to the mind, understand what it is doing and refocusing it's energy to the end goal. Setting goals daily and having a routine that starts your day with a positive and strong vibe is critical to remapping the brain to become more ruthless to success.

If you maintain a positive attitude, this will be infectious and those around you will pick up on your positive energy. Everyone in your company will feel positive and customers will want to do business with you. This in turn will lead to you maximizing the performance of your business. With a positive approach you will feel in control and confident and you will perform at your best. Then this is where it gets interesting because as soon as you get momentum, you see it working and improvements happen the snow ball affect kicks in. You start to believe in it, you focus more on it and are so in tune to what you do and when or why you do it then.

So a little recap to this is start a routine. Hold gratitude within you mind and body, visualise your outcome and focus and know your true purpose the end game. Write down these goals or vision, create parts of the routine that get your energy up. Thi can be gym, running, yoga as long as it is a sustainable and effective part to the process. Be ready for setbacks, embrace them and reflect on where you slipped up, then replan your strategy or ways to retrain the brain around those obstacles and try again. Bringing yourself always back to the good energy and purpose of the why and the long term vision. Give yourself daily praise for the small things, any progress is progress, a failure is process as you have now identified another way as to what doesn't work. Now go out there and smash your future into the destiny you deserve.

Published by:

Kane Hansen

Instagram: @streetsmartkanehansen

Web: www.truenorthbusinessconsulting.com.au


Why Mindset is a Critical Skill to be a Great Leader

Mindset is the engine that drives a leader’s daily experience by dictating thoughts, mood, tone, and behaviour, which determines the quality of their influence and impact. Great leaders are a result of how they think. Their mindset is a prism through which they view their work, their world and the model they use to engage in it with any relationship or task.

Leaders mindsets know they can influence others, but they can’t control them. Instead of yelling, screaming, and threatening others into compliance, they role model the exemplary behavior they wish to see, they inspire people below them beside then and even above them. Their efforts bring out the best in other people, they seem to read people well for their strengths and not their weaknesses  allowing the positives to shine through. Excellent leaders and business owners will notice an issue with a team member early on. They’ll show them the proper way of doing the job before giving them the boot. Leaders know the difference between an employee who simply doesn’t care and one who is just uneducated or misinformed from lack of training or resources.

A good leader knows the importance of teaching someone how to solve a problem before insisting they did it completely wrong. They know the power of legitimate guidance and won’t sanction a member of the team before they’ve been properly trained. They will be accountable and take blame as the last in charge for the team and those within the company. They will sacrifice themselves for the team as any hero does.

A person with the leadership mindset is always seeking to add more value to their team. It can often become a conflict when a team member yearns to do more for their company, but fears it could cause disruption. The problem arises when a person steps up and works harder, causing the other members to get pissed and appear like they are doing a sub-par job. It’s actually awful people don’t feel encouraged to do more in their company for this reason. So building community and culture within that team is the skill that a leader needs to infuse into them so people want to help, grow and build together as a company as one. This skill to mold the DNA of a brands is very unique.

In a world of practicalities, leaders set goals and create action plans to bring those goals to fruition. They can engage their mindset in much the same way – programming their thinking with the beliefs and emotions that will actively attract the business result they are looking for. Essentially, great leaders perform like film directors, envisioning the ending, then writing the ‘inner’ script and directing their team through the production. Whilst keeping the entire business heading towards it's True North the overall vision they can manage to move back and forth in a balanced fashion with on point emotional intelligence to facilitate and manage the teams overall well being along this path to growth and success. The path to growth always causes pain points and to success can sometimes stress a teams strength but to pull everything together and remain in control and identify the issues along the way to innovate and create continuous development is critical if you want to build a world class team.

Great leaders are made, not born. Everyone has the opportunity to build mental muscle. Just like you can make choices that will help you to become physically stronger, you can perform exercises that will help you become mentally stronger and work towards having a mindset of a great leader. All great leader have rituals and routines every day they do, they will visualize the dream and goals daily even physically writing them down to bring the manifest thoughts to the reality of this world like a dream to a reality. And the other main things as any king of the jungle great leaders always eat last they are the most responsible and take the accountability of their team with full pride and the last to take any credit.

You should never be afraid to work harder than the people around you. In fact, I would argue that you can develop a leadership mindset if every day you strive to do more than all of your coworkers. But better yet do more for you and also help them along the way, build together the latest building in town don't try and pull down all the buildings around you to be come the biggest building in town. So remember if you are the mail boy at the company or a CEO you can develop, grow and be a great leader to yourself and to all those around you, it just takes time and consistent work.

Published and Written by:

Kane Hansen - True North


What Makes a Great Leader

Being a good leader isn't easy. While a leader's actions may be scrutinized when things are going bad, it is their leadership qualities that shine through at the worst of times. It is these same qualities that employees look up to, respect, and work very hard for. This is why it is so important for every leader to work hard to gain the qualities of great leadership. And great leader should understand their own strengths and weaknesses and treat others equally regardless of the position.

They are clear and concise at all times there is no question of their vision and what needs to be accomplished. This gives others the opportunity to digest their goals and decide whether or not they will support their cause. Generally, very few people know what they want, much less how to get there, so they will gravitate towards those who appear to have a clear picture in mind so where good clarity if found they align as people believe it leads to great achievements with the certainty they hold too for the future.

Once they have made up their mind, they don't hesitate to commit it as all hands on deck and implement as once. They show great consistency with their decisions, rarely backing out or changing their minds unless it is absolutely necessary. Being non-decisive and direct shows commitment which a quality very high in demand for a great leader as they don't allow for external influencers to skew their vision. Every single person in a leadership role of any kind has to make difficult decisions at some point or they just aren't growing the company or team. The ability to be decisive can mean the difference between getting through tough times and folding under pressure. Making these kinds of calls doesn’t always make you liked or be well-loved, but when you use good judgment to make decisions, it will earn you the respect of others over time.

Amazing leaders keep their eyes on the prize. They are very organized and plan well ahead while still remaining spontaneous enough to handle unexpected challenges. Like a grand master in a chess game, a leader thinks out each strategy and understands how each of his or her actions will affect the rest of any given scenario. Don’t lose sight of your end game by cultivating your ability to focus in the current moment. There's nothing more inspirational than seeing someone who cares about what they do, the best leaders exhibit boundless energy and passion for what they do they immerse themselves in the role it becomes apart of them which reflects into their teams. Don't be shy about your passion for whatever it is you are leading, be it a book reading or a laboratory experiment. As long as you are passionate about what you know, or care about, it'll shine through and people will follow.

And one of the secrets to wild success is honing your leadership vision and communicating it to others. Inspiration is what pushes people to plow through difficult times and to work on achieving their goals even when times are simple and undemanding. You must define yourself with your identity in business, or your brand. Refocus and sharpen your identity often so you will inspire those on your team to follow this continuous upwards development and growth as times innovate. Leaders have abundant positivity that energizes everyone and help choose positive beliefs that will propel you forward, not negative thinking that will weigh you down and impact the team. Leaders should practice positive thinking as it becomes their powerful cognitive habit to motivate and allows them to reassure and motivate your team with a positive attitude. With positive vibes and a well led team that feels a part of the community gives them higher purpose and fulfillment. So if you create a happy environment and with the research now showing that happiness and fulfillment in a job is more important than the pay you will build great teams that will continue to stay for the long term, this allow the business to scale and leaders can leverage of that skill to move towards the vision more effectively. Sometimes doing the right things and going outside the box is hard as any new leader to swallow because it is venturing into unknown waters. Although some people are naturally more fearless than others, practicing how to be fearless or at least project fearlessness is a completely doable task, one many have achieved in order to fulfill their role as an amazing leader.

So as a great leader find your True North and align to that vision, inspire and motivate others to join your community so they can enjoy this journey with you to fulfill a greater purpose whilst we spend our time among this planet together trying to provide for our loved ones. If you want to learn more about great leadership or training your company to develop these habits then please contact Kane Hansen the founder of True North Business Consulting to see how we can help your vision today! www.truenorthbusinessconsulting.com.au


How to Build a Brand on Social Media

When it comes to social media, it isn’t just enough to be on it. You need to know how to be effective with it. If you're not using social media to build your brand, you are missing out. Globally, a third of all digital consumers follow brands on social media it can be used for a variety of purposes. Whether it’s social selling, content marketing or customer support, social media gives you the perfect opportunity to reach your target audience and build your brand.

To build your own brand on social media you need to pick the right social media platform. There are literally hundreds of platforms, and more spring up all the time. Not all of them are right for all brands. Facebook is by a wide margin the biggest and most used network, so most brands will have some kind of presence there. However, if you sell to other businesses, LinkedIn may be a better choice. Likewise, young consumers are more likely to be active users of Snapchat or Instagram. See what kinds of people participate in the major social networks and dedicate your brand building efforts to the ones that are popular with your ideal customers.

One of the most well established rules of social branding is that you must be consistently active if you are to effectively build your brand. A once weekly Twitter post or monthly Instagram photo are not going to accomplish much, if anything. For this reason, it's best to focus on two or three carefully chosen social networks and try to be active on them, rather than posting sporadically to a half dozen. Interact with people in various ways. For instance, you can chat and elucidate their doubts through group pages, fans pages, and even private messages.

Getting more eyes on your content is the ultimate solution to boost your product’s range. But posting nothing but blurbs about your brand's features and benefits is not likely to lead to engagement. Your brand's social media feed must include a healthy portion of posts about interests that your customers have, but that are not merely promoting your brand. For instance, a food brand could post recipes or a financial services brand could post household budgeting tips. And make sure your engagement is two way. In addition to posting your own content, like, share and reply to others' posts.

Posts that are highly attractive, informative and value focused reflect on your brand and they fetch a higher probability of being shared on the social networks. This helps to strengthen your online business profile and can help increase your referrals. To broaden the potential customers’ numbers, marketing solutions really work out when executed taking the above into account.

Creating your own marketing strategy is a great approach to marketing that can influence customers in a better way. It simultaneously helps to deliver social impact to promote a product or service. Just remember that brand building is completely different to the lead generation strategies on social media as brand building gets you awareness and encourages engagement, the bi-product to this is getting more clients as an effect from good branding.

So if you don't know where to start building your personal or companies brand then you need to talk with a True North Consultant today for a FREE 30 min strategy call by following this link: www.truenorthbusinessconsulting.com.au/request-a-call/


Why Culture is Important and How to Build it Well

Developing a high performance company culture is more important now than ever. It’s not that company culture was ever unimportant, but it’s quickly proving to be a “necessary” to achieve strong results, rather than a “nice to have.”

It was time to think about what sort of company we wanted and how we would get there. It wasn’t enough just to ‘let it happen’ on its own. Just like we’d maniacally built the product, we needed to do the same with culture. Of course, this inflection point is different for every fast-growing company, but the good ones all get there eventually. As you grow, it becomes harder to communicate everything, to get consensus on every decision or to create a process and procedure for everything. A strong and clear culture can give everyone the proper framework to work within.

Culture is not something you put in place and expect it to stay forever. It takes work. You need to nurture it. You also need to give it the freedom to evolve. If you cling too tightly to your culture, you risk smothering it. Protect it, but understand that your culture will shrink and swell and that’s okay so long as it maintains its core. Your company culture defines for you and for all others, how your organization does business, how your organization interacts with one another and how the team interacts with the outside world, specifically your customers, employees, partners, suppliers, media and all other stakeholders.

Culture is the formula, the DNA that provides guidelines, boundaries and expectations for your team and your customers, and is the primary platform to inspiring and motivating your people, and is the most powerful resource you have to attract, recruit, hire and retain the highest level of talent to your business. The best people always want to work with the best companies, and the best people are the catalyst for creating ongoing business success.

But Bad company culture can have a huge impact on your day to day happiness. Being able to identify when a culture is turning bad, and what you can do about it are crucial skills for managing your career happiness. Since culture is about what people to do in organization, meaning it’s attached to those behaviors. When behaviors within a company that are accepted or celebrated lead to conflict and strife, you’ve got a bad culture on your hands. Employee or group perceives either a lack of fairness or a lack of respect in treatment from co-workers or managers you’re going to have problems. If the perceived lack of fairness/respect continues beyond a “one-off” occasion, the issue can become systematic, at which point it becomes a culture issue. And if a company lacks either a formal or informal way for its members to talk to each other, you have a formula for breeding mistrust. When people get upset, angered, frustrated, or even just confused, and they have no way of clearing the air, problems start to fester.

Sometimes the culture of a business isn’t necessarily bad, but it might be a bad fit for you. The company might need its workers to follow an exact written process in order to maintain quality, but you may be looking for autonomy and freedom in decision making. In that case, you or that employee are not a good fit for the job. If that fundamental misalignment is not recognized, you’re going to have a culture conflict on your hands that will affect the surroundings of that issue and spread.

To develop culture, talk with each other. This might sound trite, but it’s easier said than done. People need to be able to share their ideas and speak openly without fear of repercussion. People want their opinions heard, and they want to feel good. And Stop thinking of people in terms of “employees” or “departments.” You’re all part of the same team, so act like it. Rallying around the idea “we’re all in this together” builds a sense of unity and community. So when fundamental misalignment is not recognized, you’re going to have a culture conflict so ensure time and processes are put in place to stop ,avoid and control the fundamentals within and around your style of culture to suit the company's long term vision and end game.

Just remember business is not easy alone so culture will take time but can definitely be rewarding to the business and the people within it when all align to a common goal and a community feel. So master the art and try implement structures and ways as early on in your business to maintain the culture before it gets big or bigger as the job will only be harder the later you start to focus on getting it right and in sync withe the overall big picture.


How to Scale a Business Fast

As your business begins to grow, you may be tempted to make cuts and take shortcuts in order to reach your next goal faster. But there are no shortcuts in scaling. In this article we will give you information how to scale your business faster.

To scale your business faster you shouldn't be entirely based on demand of your product or service. Yes, demand will certainly play a large role in how or when a business decides to scale, but you also need to consider lead generation, so you are not only relying on product demands, you need to identify your target audience. You can't successfully reach and sell to your ideal customer if you don't know exactly who that is, so it's important to research your audience and come up with a clear picture of who they are. Then you need a promotional plan that will get your product and services in front of members for your target audience. People get caught up in specific projects or campaigns, as they should it makes for good work and happy customer. Create the business plan long before your costumer really started expanding. As a thought out business plan can reduce the risk but be prepared nothing ever goes to plan, it limits risk and minimises mistakes in advance by thinking ahead.

Another key component of successful scaling is to ensure that goods and services are delivered systemically. Keep your process simple makes it easy to stay engaged with the people who are the greatest component of your growth and success which is your customer. Nothing makes scaling more manageable than a simplified business model with adequate processes and systems. By consistently offering a limited, familiar set of structures and rules to WOW their customers from the onset, companies can deliver those products or services more effectively with great in depth impact to the experience, allowing for stable, controlled growth over and over again regardless of the employee that is handle each part of the process.