Read the latest blog articles from Foundational Business Center.
Too often we see the relationship between profit and price without also understanding their relationship with sales, and more importantly The Customer. Ultimately your customer is not interested in how much profit you are making, and as such, the customer...
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I’m talking about the business owners who go AWOL, are deathly silent and ignore multiple emails and reminders and phone calls. They never raise a complaint or advise you if they’re having trouble affording to pay you on time. The...
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There are 9 key decision drivers that your marketing messages need to incorporate, to ensure you hit the mark when approaching your market. People buy based on: Necessity: What is a common problem that your customers face?; Your business should...
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What is a ‘Small Business’? Small business, as defined by government, is traditionally less than $30 million/p.a. turnover and less than 25 staff. That’s a pretty broad field of businesses. It includes every kind of business from people just considering...
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What’s the Highest Point of Perceived Value? It’s the moment that your customer says “WOW”. It’s not after you bill them. That’s too late, they’re on to solving the next problem, and your amazing service has already begun to fade...
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What am I? Contractor, Consultant or Business Owner When a new business consulting service starts out, the first few years are always a scramble to get whatever business you can to fill your billable hours. You take jobs that are...
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“A Satisfied Customer is the Best Business Strategy” – Michael LeBoeuf People run businesses, and people do business with people they know, like and trust. Or as Theodore Roosevelt put it “People don’t care how much you know, until they...
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Let’s get personal about Personal Branding Something you don’t know about me is that I’m really very anti social. That might seem a contradiction between my personal brand and professional brand given most of my daily life is spent at...
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What is Machine Learning? What is Artificial Intelligence? Why does it matter to small business? Machine Learning (ML) is a field of Artificial Intelligence (AI), which is concerned with creating computers or software that can perform tasks that usually require human...
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How do you decide whether or not to systemize or standardize your business? There are two ways to organize your business: systemizing and standardizing. To systemize means organizing your business around a specific theme, whereas standardizing means organizing your business...
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Grants For Small Groups & Businesses About Grants for Non-Profit groups Using Grants as a funding strategy can help your business or organisation grow. Most granting /funding bodies seek to fund organisations and groups to enable those organisations to deliver...
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Buy Local and build your community Often in the media and social media stratosphere we hear the words – “buy local, buy Australian”. And most of us agree with this ideal and would like to buy Australian and support our...
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Leading Millennials, What you need to know. As part of our Managing Millennials series David Leahy (Great People Inside) spoke about what you need to know to Lead Millennials effectively. Generational labels exist and stereotypical traits are often associated with...
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Managing Millennials Attracting, Leading and Managing Younger generations in your business In late 2020 the team at Foundational Business ran our Managing Millennials and GenZ online seminar, as part of our Foundational People Management Program. The day had a great...
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Merry Christmas from the Team at Foundational Business Well that didn’t go as planned! Who could have predicted having the entire business world shutdown globally? No matter how well you developed your business plan for 2020, I am pretty sure...
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Why doesn’t my family understand what it means to be a business owner? One of the most common things I hear from our clients is that their spouse or family just “Don’t Get It”. They don’t understand what it means...
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Getting overwhelmed in business is common for most business owners. How much do I need to know about everything before I can delegate? As a small business owner, you wear a hundred hats fulfilling many of the important and not...
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Foundational Business connects with Harvey Pence to bring more value to our business community #NEWSFLASH# We hope that you, your business and your loved ones are all healthy and safe. The pandemic is impacting our world and the way we...
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How small businesses behave in a crisis has a pattern – Understanding that pattern can help your business to make good decisions. Whats going on? Why are businesses sitting on their hands and not engaging during this COVID19 crisis? Understanding...
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These mistakes are only fatal if you refuse to make tough choices, swallow your pride and fix the errors before they get too out of control. 1.Spending more than you earn. Over committing yourself is pretty easy to do. Yes,...
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Why is that a problem? There are some downsides and legal issues when business owners use their home address as their business address. Some of the key risks include: Leases and Landlord rules. Some home addresses cannot be used as a...
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Knowing if your new idea or enterprise has commercial value and will make you any money, and when you’ll start to see a profit, are critical factors in your future success. Here are 5 key factors to work through, to...
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