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

The Square Orange Blog

6 Steps To Prepare For A Catastrophic Event

COVID-19 - who knew? Such a catastrophic global event has shut many businesses. Who knows how many will be able to re-open? One thing is for sure, if your business had a plan on what to do in case something catastrophic happened, it would be standing on much better ground today. So, as you look to rebuilding, make sure that one of the most important management tools in any business - Risk Management Planning - is something that you put in your toolbox. It only takes six steps to create your Risk Management Plan and be ready for a catastrophic event. But first, what is a Risk Management Plan? (more…)...
Read more

Business Planning in the Midst of COVID-19

Here we are at the beginning of July and COVID-19 is still with us in some form or other. For many small businesses, we are still in or starting recovery mode. As I engage with our clients, a large proportion are still working from home, or have rostered their team into the office to keep numbers down. Things are still quiet and it is clear that "normality" is a long way away. This sense of being quiet and watching to see what will happen can lead to a dead-end though! Now, more than ever, "if you do nothing, a very strange thing happens - nothing!" So, despite business being quiet, despite our fears and worries making us psychologically frozen, despite not knowing what's around the corner, we still need to plan ahead. Here's what you need to do. (more…)...
Read more

Rethink Staff Annual Reviews

As a small business owner, you are probably glad to hear that the trend amongst large businesses is to do away with the staff annual review. Let's be honest, you probably weren't doing them! But I think before you celebrate, we should take a look at why large businesses are cancelling the staff annual review systems. (more…)...
Read more

How To Start Your Own Business

If you are thinking of, or about to start a new business, you must be excited! I know I was when I left the international consulting firm I was working for in 1991 to start my own financial and management consulting company. I was excited and a little terrified! But at least, I had an advantage over most subject-matter experts who decide to leave employment and start their own business - I was a qualified and experienced Chartered Accountant who knew about starting and building businesses, about tax and registrations and the law and agreements. That is the most common experience of my clients over the years who have started their own businesses: (more…)...
Read more