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

Category Archives: Corporate Culture

Design Your Organisation Chart Now!

All small businesses start in a very similar way, and I’ll bet you can relate to this story:Jack and Jill started their small business just by themselves. They did most things together– they did the sales together, they discussed stock levels as they ordered stock, they worked side by side as they stacked the shelves, they took turns to write different pages of their website, they kept the books together, together they opened every morning and closed every evening.Then they got busy as the business grew and they hired a store helper, Sue.Sue was really keen and helpful, she mucked in and helped to do everything as well. In some things, all three of them were interchangeable as they looked after all the tasks in the business.But things were starting to get missed because they got confused about who was going to do what. This didn't really matter because one of them would see the confusion and between the three of them they sorted it out.Then the business became more successful and they hired Tom. Between the 4 of them, they did all the activities of the business as people could. If one was busy another picked up the slack.But more...
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10 Things Every Small Business Needs To Do To Succeed

As a business advisor and accountant, I am often asked what a small business needs to do in order to succeed.It's a simple enough question but there are so many things small business owners need to know, need to be, and need to do in their businesses. So I asked a number of my most successful clients what they thought about the question, and, using my own experience gained over the last 30-plus years, I have collated the top 10 things that a small business needs to do to succeed.1. Make sure that you are marketing effectively.From experience, I cannot stress enough how important marketing is to the success of any small business.The problem is that most small business owners are subject matter experts - they are good mechanics, good lawyers, good accountants, good toy retailers, good garment manufacturers - and this means that they try to make their business succeed by being good at what they do. Unfortunately, that is not enough.A business succeeds only if it finds and continues to find customers. Some of these will come from word-of-mouth or reputation but the volume of these new customers will not be enough to grow your business. So, you...
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The Value Of An Ethical Business

So, this is going to be a controversial posting.I wonder what you think about the morality of your behaviour when you choose to change professional advisors? I don't mean the professional ethical rules, but the morals of how you do it. And how should the professional advisor react?Here is a story of how a client of mine decided they wanted to change accountants. Read through the circumstances, and then tell me what you would have done.(more…)...
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Build Value In Your Business…By Going Away For Three Months!

Has the title of this month's article got your attention?Who wouldn't like a 3 month sabbatical, put up your hands!Like many entrepreneurs and small business owners you are probably struggling with your work-life balance.You are working long hours, sometimes weekends, when you go on vacation you can't help feeling the guilt, your phone or tablet is always on and always calling for your attention even at all hours of the night. Yet the reason you started your own business, apart from the passionate belief in what you are doing is...getting time to do what you want.Just stop for 10 minutes (yes, you can!). Ask yourself why you aren't able to find that "life" part of the balance. Do these reasons sound familiar?
  • I need to really dedicate myself to this business to make enough money to take that time off;
  • I'm really busy because I can't afford someone else to do some of the work;
  • I have it all in my head so I can't leave;
  • I'm ultimately responsible for the business' success;
  • As I expand there's even more work to do;
  • ...
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