Helping small businesses on the Sunshine Coast to fulfill their true potential
By BMN
Developing a financial model is one of the critical projects for any entrepreneur. Often created in a spreadsheet, it’ll allow you to work out how your business will scale, what’s your break even point, and when you’re likely to require investment.
The following article gives an overview on how to develop a financial model for your business: http://www.brw.com.au/p/entrepreneurs/how_to_create_financial_model_for_udGjXisaOWgS7cW7MfBFaP
This article was suggested by our mentor Julie Piper
By BMN
Have you ever wondered why someone with a great idea can turn it into a billion-dollar business, whilst someone with exactly the same idea (and resources) runs it into the ground? Clearly, it’s all about the person behind the idea.
Read the following article to discover the 5 personal qualities unique to successful online entrepreneurs that enable them to turn ordinary ideas into extraordinary businesses: http://www.dynamicbusiness.com.au/featured/the-five-personal-qualities-of-all-successful-online-entrepreneurs.html
This article was suggested by our mentor Julien Cahn
By BMN
Owning your own business can be highly rewarding, both financially and personally. But not every potential small business owner is the same. We all have different motivations for owning a business and what suits one person is an uncomfortable fit for another. So when it comes to deciding whether to start a small business from scratch, or invest in an established business, there’s no clear one answer. But there are many considerations that need to be made in determining whether you should buy or start your own business.
Read the following article to identify some pros and cons of both starting or buying a business: http://blog.reckon.com/should-i-buy-or-start-my-own-business
This article was suggested by our mentor Lyn Wrigley
By BMN
We all reach critical points in our lives where our mental toughness is tested. It might be a toxic friend or colleague, a dead-end job, or a struggling relationship. Whatever the challenge, you have to be strong, see things through a new lens, and take decisive action if you want to move through it successfully.
Read the following article to discover the habits that you can develop to improve your mental toughness: https://www.linkedin.com/pulse/critical-habits-mentally-tough-people-dr-travis-bradberry
This article was suggested by our mentor Julie Piper
By BMN
As a founder of a start-up, it is easy to be brimming with passion for your product or service. You’ll likely be the first to arrive, the last to leave, and sigh quietly when people speak of weekends. While that passion you have is fantastic, it’s also dangerous if it negatively consumes your team.
You need to build a company culture that takes this into account, and it’s never too early; even a three or four person team can easily suffer from start-up burnout.
Read more to discover seven ways to avoid start-up employee burnout: http://www.brw.com.au/p/leadership/seven_strategies_to_avoid_start_9dJrNb2siOvebf0Ek8n9zN
This article was suggested by our mentor Julie Piper