To be successful, we can't be Jack of all trades. If you’re looking to scale your business, you’ll need to spend more time working on it than in it. Finding ways to leverage your time is critical, and outsourcing your least favourite tasks is a great way to do this. Things you should consider outsourcing in your business: 1. Digital marketing From your content strategy to your social media accounts, if this is not a strength of yours, outsource it! There are many freelancers who have multiple clients at this level, who’ll likely be more knowledgeable regarding SEO and much more effective and efficient in general. 2. Graphic Design Your brand is a key reflection of your product offering. If

#1 - Consider Your Existing Skill Set(s) What capabilities do you and your team already have that could potentially lend themselves to something that's suitable for the current environment? On making the shift from stages to desks, Jeremy explains, “Our guys know timber. The material is the same; it’s just a different purpose for now”. #2 - Take Stock Of Your Finances In times of uncertainty, it pays to have a thorough understanding of where your business stands. Your accountant will be a key source of advice of your specific circumstances. "The first thing we did was look at our numbers and take stock of what we needed to do to successfully shift our output." #3 - Go Digital With the curren

Three steps to ensuring data is meaningful for your business Raw data describes the facts and figures that a business processes every day. Over time, every business hoards a certain amount of data and it only becomes meaningful to a business after it has been processed to add context, relevance and purpose. For example, in a restaurant, every order will be recorded. However, a restaurant won't learn much by looking at each one in isolation. However, analysis of the orders will reveal trends and patterns, such as peak dining days or biggest-selling menu or bar items. Knowledge of the business comes from the relationship between the singular pieces of information. That restaurant owner may kno

MALAYSIA: Supplementary Special Stimulus Package worth RM10 billion especially aimed to support small and medium-sized enterprises (SMEs) to soften the impact during the COVID-19 business restrictions. This supplementary stimulus is critical to support and ensure the survival of Malaysia's SMEs who are the backbone of our economy. Malaysia's SMEs currently account for over 60% of the country's employment rate and close to 40% of the economy. SALARY SUBSIDIES Increase for the three (3) month wage subsidy programme from RM5.9 billion to RM13.8 billion for all micro-entrepreneurs and small enterprises, medium companies and big companies. Qualifying wage threshold remains at RM4,000 and below. R

During the ongoing coronavirus crisis, many sectors are seeing income either disappear completely or drop to dangerous levels. To be able to navigate the future path of your cashflow, you need to start forecasting – so you can map out your financial position over the coming months and can take the appropriate action to safeguard your cash position. Forecasting your future cash pipeline Projecting your cashflow pipeline forwards during a crisis is vital. Having access to detailed forecasts helps you to scenario-plan, search for cost-savings and look for strategies that will preserve your cashflow position. Remaining in control of the cash coming into (and going out of) the business is the rea