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

Recent Posts by teikoh

5 Questions For Any Indigenous Board To Consider

If you are a Director in an Indigenous corporation, the start of a new year is as good a time as any to review your Board performance and the stability of the corporation you are leading. As a Director, you have the responsibility to oversight the performance of management, and the "shape" and direction of the corporation. You also have a legal duty to exercise diligence in your work as a Director, which means understanding where any weaknesses lie and acting upon them. But, to be short and sweet, at the beginning of the new year, spend some time considering these 5 issues as you survey the health of your corporation. (more…)...
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Create A Feedback Culture In Your Business

One of the consulting assignments I most enjoy is working with all the people in a client's business. Often, when I am helping Directors prepare a strategic plan, or Managers work on their business plans, I only work with these Directors and Managers, or sometimes owners and other stakeholders. Rarely do I get to work with the company as a whole unless I am working on a change management assignment involving restructuring, systems, people and culture. But of course, even when I don't work with people below management level, I meet and interact with the other employees, and see a vast range of cultural phenomena. Even in driven and well-led companies, I sometimes see an underground layer of tension. Leaders need to recognise that some people feel intimidated by strong leadership and despite being invited to, do not voice their opinions. They have to be invited to do so and be given the opportunity to see that feedback from them is welcome and positive. (more…)...
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What Is Insolvency, Really?

For any business, insolvency is a frightening and emotionally-charged concept. For an Indigenous organisation, it is complex, stressful, and may put many community-owned and hard-won assets at risk of being lost. For the Directors of Indigenous corporations, insolvency creeps up on them because few have received financial training or timely financial reports and advice. Insolvency and potential administration is a time of denial, fear, and a time where they have to struggle with conflicting demands about saving the corporation to personal liability over some unknown twists of insolvent trading law. In fact, once the corporation is put in administration, the Directors are effectively sidelined and have to live with guilt and being powerless. (more…)...
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Time to Write Your Business Plan – And Here’s How!

Did you know that 8 out of 10 small businesses close down within the first 5 years of opening? But do you know what's worse? Of those that survive, less than 25% rate their businesses as "successful". More than 70% of small businesses who have existed for more than 5 years say that they are "struggling" or "surviving". How would you like to spend the rest of your business life struggling or surviving? (more…)...
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