Financial challenges in business are constant and those of us in the building industry face a multitude of hurdles. Most recently we’ve seen the fallout from the Royal Commission into misconduct in the banking industry, with the effects being amplified by COVID-19. With banks cracking down on lending, it has been harder to borrow money,
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What is it and why your business needs it Planning for the future of your business – or ‘succession planning’ – is not only a plan for retirement, it’s a plan for managing the unexpected. “Succession planning is all about clarity, and articulating how your business can continue to operate in the future, with someone
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There may be no one-size-fits-all recipe to sustained business success, but with tenacity and focus the challenge can generate lasting reward. Both John Dahlsen, owner and co-chairman of the Dahlsens group, J C Dahlsen Pty Ltd, and son, Geoff Dahlsen, CEO, understand this sentiment well. “There are many benefits and privileges to owning your own
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As a small business owner, the management of your home building business can quickly become stressful. The list of responsibilities seems to literally grow by the minute – business development, cash flow management, client and project deadlines are only the tip of the iceberg. Productivity Specialist and Principal Consultant at Lingford Consulting, Geoff Prior explains,
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Housing Update – March Quarter was a Record Over the past few years, Victoria has seen record amounts of housing activity. In terms of dwelling commencements, the March 2018 quarter in Victoria was a national record – not just a state record. With 10,185 detached house starts and 11,965 multi-unit dwelling starts (22,150 in total)
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Everyone knows that “all work and no play makes Jack a dull boy” but when you run your own building business it can be difficult to take a break without worrying that your business will fall over in your absence. Here are five tips to help you take a real break from your building business,
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As a small business owner the management of your building business can quickly become stressful. The list of responsibilities seems to literally grow by the minute – business development, cashflow management, client and project deadlines are only the tip of the iceberg. Productivity specialist and Principal Consultant at Lingford Consulting, Geoff Prior explains, “the challenge
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Taking on an apprentice can deliver benefits for your business. So how do you make sure things go smoothly? According to Australian Apprenticeships Ambassador, Alan Waldron a simple focus on attracting, training and retaining apprentices will make the difference for building companies looking to grow a sustainable business. Alan, who is also the National Training Manager at
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When everything goes to plan, taking on an apprentice can help your building business grow and thrive. Yet training up a young, and most likely inexperienced employee can also present challenges. According to General Manager at Apprenticeships Support Australia, James Moran, the following simple strategies can help ensure that taking on an apprentice turns out
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In Victoria there has been a wave of legislative reform over the past couple of years. As a result, the Housing Industry Association (HIA) has been required to update its contracts on a regular basis. What does this mean for builders? The new legislation and updates to the contracts mean that builders using older versions
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It’s no secret that the construction industry can be a stressful workplace, and this is especially true when you’re running your own business. Long hours, tight deadlines, physical strain and risk of injury can all contribute to potential wear and tear on your mental health. Recent studies suggest that a slide in mental health can lead
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The right team is at the very core of any successful business. The people you choose to represent your brand on-site immediately become the face of your company, their tradesmanship and customer service a reflection of your business values and standards. High quality staff can quickly boost your bottom line by lifting productivity and enhancing
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