Leadership

Advice What training should I provide?

Training staff will help your employees increase efficiency, reduce staff turnover and will benefit your company in the long run.

Advice How do I appraise and assess my staff?

Regular performance reviews are essential, and the more often the better. Set up meetings every six and 12 months with each staff member to assess their performance and set up new goals for them to achieve.

Advice How do I build the right team?

It is absolutely essential you have the right people working together to move the business forward.

Advice How can I motivate my staff?

The key thing to keep in mind is that money is not the only motivator. Your staff need leadership, direction and a unique culture to be motivated.

Advice What makes an effective leader?

You truly need a vision for the business and how to get there. You need to have a clearly defined strategy, and you must be confident of your success – no one will follow you if you are too timid.

Features Working out the 80/20 rule

Many farmers say that 80% of the apples grow on 20% of the trees. In the same way, a few key staff or customers might be critical to you growing your business. BY WALID EL-KHOURY.

Taskmaster Hold an open day

What better way to thank the support teams of our employees by giving them a tour, some lunch and a better understanding of what their mums, dads, spouses and friends actually do via an open day.

Taskmaster Conduct a stress test

Today I’ve decided I am going to pick at some scabs. I’m going to walk into Taskmaster Enterprises and instruct all my managers to go to all the direct reports and ask a simple question: What is stressing you out?

Taskmaster Clear your head with a short recharge

We’re coming up towards the end of the first quarter, so I’m starting to plan my little mini-break.

News Three lessons from the world’s most admired companies

Apple, Coca-Cola and Singapore Airlines have been named among the world’s most admired companies, according to Fortune Magazine and Hay Group.

Features Early starter to success

Young entrepreneur Ben Bradshaw was inspired by magic when he launched the AdWords management company SponsoredLinX. Literally. BY MICHELLE HAMMOND.

Taskmaster Hire slow, but don’t fire too fast

“Hire slow, fire fast” is a fine motto. But does it work? At Taskmaster Enterprises, I've put it to the test.

Taskmaster Teach your staff that details matter

I hate it when people show up late. It makes my blood boil. It annoys me like nobody’s business. And for a very good reason.

News Brendan O’Connor takes position in Cabinet as new Small Business Minister

Brendan O’Connor has been named Australia’s new Small Business Minister, with Julia Gillard heeding business calls by making it a Cabinet position.

Mentors Start-up lessons from the Australian Labor Party

Kevin Rudd’s leadership challenge and the discussion that has been generated by it provide some important lessons for start-ups. BY MICHAEL FOX.

News Gillard defeats Rudd, Govt urged to switch focus to struggling SMEs

Julia Gillard has retained her position as prime minister, defeating bitter rival Kevin Rudd 71-31 in a Labor caucus vote, with business groups urging the government to return its focus to “real” issues.

News Got a Rudd vs Gillard fight brewing in your workplace? Here are five ways to stop office politics before it gets nasty

Office politics is brutal and can bring down a company completely. Here are five ways to stop it before it starts.

Mentors Three Lessons from web start-up legend Tony Hsieh

Tony Hsieh sold his first start-up to Microsoft for $265 million, and recently sold his second for $1.2 billion. If you're about to launch a business, the secrets to his success are essential reading. BY ADAM FRANKLIN.

Start-up TV Why we need social entrepreneurs

Linc Energy CEO Peter Bond - ranked as the 10th wealthiest person in Australia – explains why the value of entrepreneurship isn’t purely in the personal income that is generated.

Features Top 10 things that start-ups need from the prime minister

Whether it’s Kevin or Julia that ends up in charge, it’s time for Australian start-ups to get a fair shake of the sauce bottle. Moving forwards, here is a no-spin 10 point plan to boost the numbers for Australian small business. BY OLIVER MILMAN.

News Just one in 10 local business leaders consider themselves stressed: Survey

Less than 15% of Australian business leaders consider themselves stressed, new research shows, as the latest National Australian Bank survey reveals improved confidence in the December quarter.

Features Striking it rich

In 2002, Michael Schreiber opened the first Strike Bowling Bar. Since then, Strike has grown into a $30 million revenue business employing more than 300 staff. This is how Schreiber bowled his competition over. BY MICHELLE HAMMOND.

Taskmaster Talk it up

There’s a certain way to say everything and when times are slow, as they are now for many businesses, you really need to pick your words carefully.

News Four entrepreneurial couples that have the Valentine’s Day spirit

With Valentine’s Day just one day away, many retailers are relying on the temporary spending splurge to boost sales, despite consumers’ cynical views on the commercial nature of the event.

News Australian new business growth among world's best: Report

Australia is performing strongly when it comes to new business start-ups, with the nation recording the third highest number of new ventures among the world’s G8 economies, according to a new report.

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