How multi-tasking destroys productivity

As reported by Neil Tweedie of the Telegraph Group in London earlier this year, science is again proving what we already know, which is that numerous distractions of the internet are invading our personal and work lives in many unhelpful ways, creating a worsening situation that requires careful attention by business owners and leaders.  Please rate and comment on the multi-tasking distractions article and consider attending our forthcoming training day for owners/directors/managers entitled ‘Productivity Breakthrough – time is money‘ where we teach proven methods to restore productivity without dismissing the benefits of modern technology.  (If you book on the event dated 25 August 2010 you can use a Special Ticket with code ECWIINR2WA to secure a government funded 90% discount on this training ie $49.50 down from $495.)

What KPIs should I be watching?

I’ve been asked this question so many times, and it’s actually not that easy to answer specifically.  However, an article by Michael Sherlock (founder of Brumby’s Bakeries and board member of Krispy Kreme and Ice Rock, as reported in BRW, 24 June – 4 August 2010, p 19) is a clear and easy synopsis of the subject.  He suggests that key means one, so please read about KPIs then take a moment to rate his article, and maybe share some of your own thoughts on the matter using the ‘leave a comment’ link above.  And if you’d like some help to establish your own KPI, and related sub-KPIs, call me on 0412 921 292.  Clarity about KPIs is truly transformational.

How likely is a double-dip recession, really?

Not very‘, according to Phil Ruthven, Chairman of IBISWorld, as reported in BRW, 3-9 June 2010, pp 17.

To understand the ‘debt league of nationsread on, then please take a moment to rate his article, and maybe share some of your own thoughts on the matter using the ‘leave a comment’ link above.

How to get top price for your business

With millions of baby boomers nearing retirement, thousands of businesses are about to be put up for sale in the next few years, which could result in an oversupply, forcing the price of businesses down.  “This situation could see some owners closing up shop because they are unable to get a good price for their life’s work” according to Dennis Laundy, director of William Buck, as reported in The Boardroom Report published by the Australia Institute of Company Directors, Volume 8, Issue 11 on 16 June 2010.

Laundy believes owners should start planning at least three years before retirement to get the best possible price for a business. This is to ensure profitability is satisfactory, the risks that can be mitigated are, and the tax implications of a sale are properly considered and planned for.

He offers the following tips on how to get top price for your business:

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