In this episode, Nicky and Ness delve into the recent Australian Company Director's Sentiment Index, uncovering critical insights into the current challenges faced by businesses. From shifting economic concerns to the paradox of profitable businesses failing, they dissect key statistics and discuss actionable strategies for navigating the intricate landscape of business finances.

Episode Highlights:

Shifting Priorities: Explore the transition from labor shortages to cost of living pressures as the primary economic challenge for Australian businesses.

Understanding Business Failure: Uncover the surprising statistics behind business failures and the role profitability plays in success.

The Day-to-Day Whirlwind: Examine how getting caught in the daily operations can lead to strategic oversights and eventual business failures.

Profitability vs. Growth: Delve into the essential balance between revenue growth and profitability for long-term business sustainability.

Mastering Financial Reports: Learn about the three crucial financial reports every business owner should understand: profit and loss statement, balance sheet, and cash flow prediction.

Key Numbers for Success: Identify actionable insights, including managing trade debtors, liabilities, creditors, and intentional spending.

The Importance of Money Dates: Emphasise the significance of regular financial check-ins and setting aside time for strategic financial planning.

Finding the Story in Numbers: Discover how to uncover narratives within financial data and make informed decisions for business growth and success.

By dissecting critical financial metrics and sharing actionable strategies, Nicky and Ness provide invaluable insights for business owners striving for sustainable growth and profitability.

Learn more about Nicky and Ness
https://businesstogether.com.au

Do the Smart Growth Survey in under 60 seconds to get your hands on our Smart Growth Blueprint. You'll get immediate access to our four favourite strategies for sales, profit, planning and team https://businesstogether.typeform.com/smartgrowth

Follow us on socials
Instagram - @b2businesstogether
Facebook - @B2BusinessTogether

Connect on LinkedIn
Nicky LinkedIn - https://www.linkedin.com/in/connectwithnicky/
Ness LinkedIn - https://www.linkedin.com/in/vanessamedling/

Give us a call
Nicky Miklos-Woodley 0403 191 404
Vanessa (Ness) Medling 0400 226 875

Or send us an email
hello@businesstogether.com.au

Welcome back to "Smart Business Growth" In this episode, Nicky and Ness delve into the intricate world of sales, exploring common pitfalls and offering actionable insights for business owners. From reliance on the business owner to reactive sales teams, they dissect four key problems and their impacts, urging listeners to assess these problems in their businesses. Tune in for invaluable strategies to revolutionise your sales approach and unlock untapped growth potential.

Episode Highlights

1. Impact on bottom line when sales hinge solely on the business owner.
2. Assessing self-reliance on a scale from 0 to 10 for business sustainability.
3. Reactive Sales Teams vs. Proactive Engagement.

Sole Reliance on Business Owner for Sales:

• Consequences of passive sales approaches and missed opportunities.
• Cultivating a proactive sales culture to maximise growth potential.

Lack of Documented Sales Processes:

• Time wastage and inefficiencies stemming from undocumented processes.
• Importance of establishing clear, well-known sales processes for team alignment and efficiency.

Key Client Relationships Solely with Business Owner:

• Risks associated with centralising key client relationships with business owners.
• Addressing ego-driven motivations and fears hindering delegation and team empowerment.

Thank you for tuning in to "Smart Business Growth"! We look forward to sharing more valuable insights with you next week. Until then, remember to empower your sales efforts and embrace growth opportunities.

Learn more about Nicky and Ness
https://businesstogether.com.au

Do the Smart Growth Survey in under 60 seconds to get your hands on our Smart Growth Blueprint. You'll get immediate access to our four favourite strategies for sales, profit, planning and team https://businesstogether.typeform.com/smartgrowth

Follow us on socials
Instagram - @b2businesstogether
Facebook - @B2BusinessTogether

Connect on LinkedIn
Nicky LinkedIn - https://www.linkedin.com/in/connectwithnicky/
Ness LinkedIn - https://www.linkedin.com/in/vanessamedling/

Give us a call
Nicky Miklos-Woodley 0403 191 404
Vanessa (Ness) Medling 0400 226 875

Or send us an email
hello@businesstogether.com.au

In this episode, Nicky and Ness delve into the world of workplace happiness with Declan, a happiness researcher and consultant. They explore why happiness in the workplace is crucial and discuss strategies for cultivating happiness within teams and organisations.

Episode Highlights:

• Strategic Advantage: Happiness predicts organisational success, boosting profitability, productivity, and reducing turnover.
• Understanding Happiness: Emphasises eudemonic happiness—contentment, connection, and purpose.
• Workplace Dynamics: Challenges of finding happiness without autonomy over teams or leaders.
• Key Drivers: Relationships and purpose are crucial for workplace happiness.
• Measuring Happiness: Importance of nuanced understanding beyond traditional metrics.
• Balancing Fulfilment: Balance hedonic happiness with eudemonic happiness for long-term fulfilment.
• Overcoming Adversity: Embrace fear and excitement as growth signals.
• Psychological Safety: Essential for honest feedback and emotional expression.
• Culture of Happiness: Prioritise a culture where individuals feel valued, supported, and empowered.

Learn more about Declan Edwards:
Personal Happiness Scorecard (for individuals): https://buhappinesscollege.com/scorecard/

Workplace Happiness Self Diagnostic (for leaders):
https://buhappinesscollege.com/workplace-happiness-self-diagnostic/

Workplace Happiness Diagnostic Report (for teams): https://buhappinesscollege.com/workplace-diagnostic-report/
https://www.linkedin.com/in/declan-edwards-bu-happiness-college/
https://wwwbuhappinesscollege.com/workplace-happiness/

Learn more about Nicky and Ness
https://businesstogether.com.au

Do the Smart Growth Survey in under 60 seconds to get your hands on our Smart Growth Blueprint. You'll get immediate access to our four favourite strategies for sales, profit, planning and team https://businesstogether.typeform.com/smartgrowth

Follow us on socials
Instagram - @b2businesstogether
Facebook - @B2BusinessTogether

Connect on LinkedIn
Nicky LinkedIn - https://www.linkedin.com/in/connectwithnicky/
Ness LinkedIn - https://www.linkedin.com/in/vanessamedling/

Give us a call
Nicky Miklos-Woodley 0403 191 404
Vanessa (Ness) Medling 0400 226 875

Or send us an email
hello@businesstogether.com.au