Unit 11, 61 Flynn St, Wembley, WA, 6014
08 9242 2085 ots@otsmanagement.com.au
Advice from Outside the Square

Monthly Archives: September 2018

Are You Starting Your First Business? Get These 6 Things Right!

Are you starting your first business? If you are like most people who want to start their own business people, you probably decided to do so because you are an expert in what you do, you believe you can do it better as your own boss, and you want your independence and ability to do it your own way. Today, this seems even more possible due to the technology that you can use from home or a shared space that allows you to keep costs down when you start up. While there are even government websites encouraging you (there’s one that has a header “Open for Business: Simple, Fast, Easy) headlines still exist that shout out nearly 80% of businesses close within 18 months of starting – and you can bet most of these are micro, small, and "kitchen table" businesses. Nevertheless, our enthusiasm as human beings for the life of freedom is boundless, and once you conquer the fear of failure, most of us grasp the chance and plunge in. The question is not “will you start your own business” but “how will you start your business with least risk of failure”. So here are the 6 things I believe you need, gleaned from...
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Create Systems and Procedures for Your Office

For many Indigenous corporations, there is a huge gap between what management knows should be done, and what actually gets done. Substantial management time is taken, particularly in administrative matters, reinventing the wheel, doing the same thing in different ways, taking longer to do something that was done efficiently yesterday, and making mistakes along the way. But imagine if your corporation were a business franchise. Have you ever seen a good franchise like McDonald's or Coffee Club produce different products from store to store? No matter where you go or when you go, everything happens exactly the same way, taking exactly the same time, producing exactly the same result. How do you get those outcomes for your corporation? (more…)...
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