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Strategies for Managing Your Business
If your going through rough times or calm, our great crew can help you navigate & chart the course. It's smooth sailing with Trumans.
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Throw Out Your Business Plan and Create a Business Map

Throw Out Your Business Plan and Create a Business Map | Strategies for Managing Your Business | Scoop.it
The pace of change has accelerated to the point where a business plan is no longer enough to plot the future of your business with any certainty. Disruptive technologies or unexpected competitors can
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Warm Home Properties's comment, June 10, 2013 4:04 PM
This is great!!
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Business planning - Research reveals trends, survival rate and the future for Australian small businesses

Business planning - Research reveals trends, survival rate and the future for Australian small businesses | Strategies for Managing Your Business | Scoop.it
New research has identified which sectors new businesses are most likely to survive in, with healthcare and social assistance sector receiving the best report card.
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The Workforce in the Cloud

The Workforce in the Cloud | Strategies for Managing Your Business | Scoop.it

FOR translating a 22-minute video from English into Spanish at short notice, 7Brands Global Content, a professional-translation firm based in New York, quoted “approximately $1,500”. This fee seems in line with the local going rate for the job from a firm which boasts membership of three professional associations and clients such as Chase and Bank of America. Not so long ago, paying the local rate was the only option. Today anyone seeking to get this sort of job done is only a click away from the whole world of professionals competing to do it far cheaper.

That same translation job was advertised on Elance.com and oDesk.com, the two busiest among several newish online marketplaces for work, or “talent exchanges”. On Elance it soon attracted 25 bids, from individuals in 15 countries. For around half the bidders, this would be their first job, which raised questions about how good their work would be (especially the Uruguayan who promised to “translate your interview perfetly”). But some seemed competent. According to his Elance page, “oswaldo g”, from Colombia, has already completed 31 jobs, earning a combined $4,193 and a satisfaction rating of 4.9 (out of 5). He quoted a tempting $16.44 an hour—though not as tempting as the five bids on oDesk (three of them by five-star-rated workers), from Argentina, Brazil, Indonesia, Mexico and the Philippines. Each of them offered a flat rate for the completed job, ranging from $33.33 down to just $22.22.


Via Vicki Kossoff @ The Learning Factor
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Vicki Kossoff @ The Learning Factor's curator insight, June 2, 2013 9:17 PM
“Talent exchanges” on the web are starting to transform the world of work.
Tony Brugman (Bright & Company)'s curator insight, July 3, 2013 3:53 AM

There is a new rise in online companies, which can offer cheaper and faster services, with the smart use of talent (often freelancers and temps) "in the cloud", for all kinds of online work such as translation jobs. Examples are Elance.com and oDesk.com "the two busiest among several newish online marketplaces for work, or “talent exchanges”." Moreover, "the exchanges are providing opportunities not just to do one-off jobs, but to build a business."

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Time to Scrap Performance Appraisals?

Time to Scrap Performance Appraisals? | Strategies for Managing Your Business | Scoop.it
Times have changed. More and more companies have decided to radically change (read "scrap" or "re-engineer") their performance appraisal process.

Via HR Trend Institute
Trumans's insight:

We have moved to a One Page Talent Management process - thanks Mark Effron!

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John Michel's curator insight, June 2, 2013 10:12 PM

Organization structures have changed and companies need to be more agile.  We have a shortage of key talent and the keys to success now focus on regular alignment, coaching, creating passion and engagement, and continuous employee development.

Roy Sheneman, PhD's curator insight, June 4, 2013 4:32 PM

Yes, it is time....

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Cas McCullough - Have an action plan, not just a business plan

Cas McCullough - Have an action plan, not just a business plan | Strategies for Managing Your Business | Scoop.it
Many businesses either have a business plan that’s gathering dust, or don’t have one at all. Thankfully, retrofitting a nuts-and-bolts structure to your business is easier than you might think.
Trumans's insight:

... and if you need help, the great crew at Trumans are standing by to assist.

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Million Pound Startup Competition Invites Australian Tech Start-ups To Receive £1 Million

Million Pound Startup Competition Invites Australian Tech Start-ups To Receive £1 Million | Strategies for Managing Your Business | Scoop.it
Australian start-ups are being encouraged to enter a global competition called the Million Pound Startup, which will award £1 million ($1.55 million) to a technology company willing to relocate to London.
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Mentor - Seven core sales and business tools: How sharp are your skills?

Mentor - Seven core sales and business tools: How sharp are your skills? | Strategies for Managing Your Business | Scoop.it
You wouldn’t try to cut through a plank of wood with a dull saw, so why would you expect to cut through to a customer without a sharp sales technique?
Trumans's insight:

Some very good advice here...

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5 Ways to Create a Winning Culture

5 Ways to Create a Winning Culture | Strategies for Managing Your Business | Scoop.it
A strong culture isn't something you wish into place, or even will into place. It's something you build. Here's how.

Via John Michel
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Scott Span, MSOD's comment, May 15, 2013 10:53 AM
All great points... particularly # 3. Without trust, not much else can happen.
AlGonzalezinfo's curator insight, May 15, 2013 1:17 PM

Tpotally agree with Don on item #5.  I also like #3.

 

Create an environment of trust.

Many organizations believe internal trust is nice to have but not a key factor for bottom line profitability. That simply isn’t true. Trust directly affects speed and cost. When trust diminishes, speed goes down and costs go up. These economic factors are usually disguised as other things, but when there isn’t trust between team members, or between the company and its customers, it is impossible to achieve real success. The myths are that trust is built solely on integrity, that you either have it or you don’t, that if lost it can’t be restored, and that it can’t be taught. The realities are that trust is a function of both character and competency, it can be both created and destroyed, it can be restored (in most cases), and be taught and developed into a measurable strategic advantage.

Mark Gregory , Programme Innovator @Transformation Coach's curator insight, May 24, 2013 6:47 AM

5 steps to defining your winning culture explained succinctly for any leader looking to change their own organisational culture.

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5 Habits Of Leaders Who Create Workspace Culture

5 Habits Of Leaders Who Create Workspace Culture | Strategies for Managing Your Business | Scoop.it
When I was a student (once upon a time I thought I was to be a clinical psychologist), and broke, and spending time in New York City (when I decided I was not to be a performing artist, choreographer for my career after all), I used to make extra ...

Via Susan Bainbridge
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Elizabeth Horlemann's curator insight, May 14, 2013 1:59 AM

Open space???

David Hain's curator insight, May 14, 2013 2:37 AM

Unusual take on leadership, but worth thinking about...

ratzelster's curator insight, May 21, 2013 9:19 AM

More and more we're seeing how the physical space sets a tone and helps to create culture.  With so many of the classrooms and communal spaces fixed and with little $$$ to change those structures, what can we do to make a big change in how the physical space impacts us? 

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Clearing Hurdles to Employee Engagement - TalentCulture - World of Work

Clearing Hurdles to Employee Engagement - TalentCulture - World of Work | Strategies for Managing Your Business | Scoop.it

Recognition is a key component of Employee Success. What gets recognized get repeated. Recognizing employees for hitting targets and exemplifying corporate values reinforces behavior that impacts the bottom line. According to recent research by Aon Hewitt, organizations with high engagement rates are 78% more productive than disengaged organizations. The powerful combination of engaged employees and brilliant performance is critical to business success.

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Retail Leasing and the Use of Ratchet Clauses in NSW - Real Estate and Construction - Australia

9 May 2013 - Australia - Real Estate and Construction - Retail Leasing and the Use of Ratchet Clauses in NSW - Coleman Greig Lawyers - A ratchet clause operates to prevent a rent decreasing at a time when the rent becomes subject to review or...
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The entrepreneur with a room in every city | Dynamic Business

The entrepreneur with a room in every city  | Dynamic Business | Strategies for Managing Your Business | Scoop.it

When Nate Blecharczyk and his roommates couldn’t afford a hike in their rent, they decided to rent out a room for a weekend and stumbled upon a new business idea.

Trumans's insight:

A great success story with some key messages. The four points provided as advice to start-ups are well worth noting.

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30 Dr. Seuss Quotes That Can Change Your Life

30 Dr. Seuss Quotes That Can Change Your Life | Strategies for Managing Your Business | Scoop.it

30 Dr. Seuss Quotes That Can Change Your Life is one of the best Infographics created in the category. Check out 30 Dr. Seuss Quotes That Can Change Your Life now!

Trumans's insight:

We like: Today is your day! Your mountain is waiting, So... get on yur way. 

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David Hain's curator insight, May 9, 2013 2:35 AM

Homegrown wisdom in a nice poster.

Scott Span, MSOD's curator insight, May 9, 2013 12:19 PM

Sometimes, the basics hold true!

Roy Sheneman, PhD's curator insight, August 21, 2013 12:15 PM

Dr. Suess rules...gotta love the fun and wisdom!

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Planning - Vision, strategy, tactics and conquest

Planning - Vision, strategy, tactics and conquest | Strategies for Managing Your Business | Scoop.it
Terms like vision, strategy and tactics can be confusing if you’re just starting a business for the very first time. It’s time to conquer that knowledge gap with the Taskmaster.
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Surge in full-time workers launching online retail start-ups

Surge in full-time workers launching online retail start-ups | Strategies for Managing Your Business | Scoop.it
Increasing numbers of full-time workers are exploring their own online retail start-ups, according to new research by online sales platform Bigcommerce.
Trumans's insight:

Let Trumans help you navigate the way to setting up your business. Once established we are there to help keep you on course.  Check out the great crew at http://www.trumans.com.au

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The Difference Between Managers and Leaders

The Difference Between Managers and Leaders | Strategies for Managing Your Business | Scoop.it
It's time to face the music as a manager: You don’t always have all of the right answers. Your “it’s my way or the highway” approach to management isn’t going to
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Emotional Intelligence Comes of Age

Emotional Intelligence Comes of Age | Strategies for Managing Your Business | Scoop.it
When I first began writing about emotional intelligence, there were few examples of these concepts being effectively used. Today, we're seeing the science and practice come of age as emotional

Via Romi Royé
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David Hain's curator insight, May 30, 2013 7:07 AM

I don't normally promote conferences, etc, but I think the work of Joshua Freedman, @eqjosh, is excellent in this field and this meeting promises to be outstanding - as Daniel Goleman is basically saying here...

Roy Sheneman, PhD's curator insight, May 31, 2013 8:16 AM

EI is growing up as we develop our understanding of people...

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The Power of Good Habits - Career Development From MindTools.com

The Power of Good Habits - Career Development From MindTools.com | Strategies for Managing Your Business | Scoop.it
Learn how good habits can help you become the person that you've always wanted to be.

Via the Change Samurai
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John Michel's curator insight, May 29, 2013 7:09 AM

Habits are powerful. They bring about change one step at a time, and they help you ensure that these changes become part of your life.

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How retailers can use social media to attract more customers

How retailers can use social media to attract more customers | Strategies for Managing Your Business | Scoop.it
If your business marketing plan doesn't include social media strategies, you're already dead in the water. Why? Because more of your customers are using

Via The Fish Firm
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Oluwasemilogo Akinmuyiwa's comment, May 25, 2013 10:34 AM
My concern is the cost at which these things come to us marketer. There is no budget for small businesses.
Martin (Marty) Smith's curator insight, May 26, 2013 1:30 PM

Dead In The Water
Dead in the water indeed since your competitors are out there creating wiht social media, learning what works and building a following. Good luck catching up fast.

NOTHING happens all that fast in social media. You can create great campaigns that boost your social media 10x, but natural growth is SLOW and STEADY.

This means your social media strategy will need to DISRUPT to win and create trust at the same time. Those two ideas can be mutually exclusive so make sure to JUMP IN NOW or double your efforts now.

Rememer if you are not the lead sleddog the view is always the same :).

Marc Kneepkens's curator insight, June 13, 2013 12:53 AM

There's no way around it. Social Media are more important every day.


Watch this brief video presentation to find out about a great marketing template: https://growthink.infusionsoft.com/go/mpt/gt4045/

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The entrepreneur looking for adventure | Dynamic Business

The entrepreneur looking for adventure | Dynamic Business | Strategies for Managing Your Business | Scoop.it

Spotting a gap in the market, Michael Lawrence gave up a successful career in management to set up a new media streaming service in the world of action sports.


Trumans's insight:

Success = opportunity plus preparedness.
"You'll never never know, if you never have a go!"

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Do Your Employees Trust You?

Do Your Employees Trust You? | Strategies for Managing Your Business | Scoop.it
They might like you. They may even love you. But can they be sure you'll get the job done when the chips are down

Via Wise Leader™, Jean-Philippe D'HALLUIN, David Hain
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David Hain's curator insight, May 14, 2013 2:42 AM

For those of us who follow English football, the dismissal of Roberto Mancini and the elevation to sainthood of his Manchester counterpart Sir Alex Ferguson are interesting contrasts in this debate.

Eric Vanetti's curator insight, May 14, 2013 9:11 AM

Show me a "leader" whose employees don't trust him/her, and I'll show you a "leader" without followers.

The Customer's Shoes's curator insight, May 19, 2013 4:34 AM

If any initiatives are being implemented in a low-trust culture, its chances of success are really remote.

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Warren Buffett Shares His Most Essential Advice For Generation Y

Warren Buffett Shares His Most Essential Advice For Generation Y | Strategies for Managing Your Business | Scoop.it
Warren Buffett assumed the role of mentor to the youth yesterday when he gave networking and career advice in an "Office Hours" session with Levo League, a site aimed to assist youngsters in making their dreams come true.

Via Digitives
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Apprentices and trainees are employees, not contractors

Apprentices and trainees are employees for tax and super purposes. This means if your business engages an apprentice or trainee, you will need to treat them as an employee and meet the required pay as you go (PAYG) withholding, super and fringe benefits tax (FBT) obligations.

Your business cannot treat an apprentice or trainee as a contractor, even if they have an Australian business number (ABN).

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Westpac Economic Update: Presented by Chief Economist Bill Evans (10 May 2013)

Westpac Chief Economist Bill Evans comments on this week's Reserve Bank rate cut, employment figures and forecasts on next week's Federal Budget release. Plu...
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Law Society of NSW - Trust & controlled money accounts

Law Society of NSW - Trust & controlled money accounts | Strategies for Managing Your Business | Scoop.it

Trust money is the money a solicitor holds on behalf of a client or other people in the course of, or in connection with, the provision of legal services. For example, where money is held for the payment of stamp duty during the purchase of property, or received from the proceeds of a court action.

Trumans's insight:

Solicitors: Need a trust Account audit? Contact us now http://j.mp/YtCLhS

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