Bomaderry: 02 4421 5866 | Moss Vale: 02 4868 1366
In our blog post ‘Are You Automating Your Business?’ we highlighted the increased risk of new competitors emerging from previously unlikely areas as a result of leveraging technology.
Either way, you’re most likely part of it as a consumer (knowingly or otherwise) but are you thinking about your business model as this seismic shift on consumer behaviour?
And, generally speaking, we agree that cash is often the most determining factor in the success or failure of a business.
How important is it? I say much more important than you might think!
The key to operating a successful business and making money in an economic downturn or recession is to know where your business performs well and where it can improve.
I suspect the answer, unless you're in a franchised business or a shopping centre, is never.
So what do your customers think when they come to buy from you or make use of your services??
Lots to do (bungy jumping was a must) and some of the most beautiful scenery.
We also have the cloud of the new carbon tax with no one really certain how this will affect our costs of living.