The Benefits Of Outsourcing Finance And Accounting

The Benefits Of Outsourcing Finance And Accounting

Business
Finance and accounting (F&A) was one of the first processes that companies outsourced, and the practice continues to boom: Ed Thomas, an analyst for Ovum research, found the number of F&A outsourcing projects valued at $1 million or more increased in 2012 compared to the year before. As the market matures, companies contracting for outcomes are exploring fresh ideas and seeking new answers to streamline F&A processes. They are expanding outsourcing to new areas of finance and accounting, new industries, and new sizes of companies than in the past. Driving efficiency is a high priority for CFOs who want to outsource F&A processes, according to an Ovum study of 150 large companies in the United States, United Kingdom and Canada. Most survey respondents saw the main strategic aim of the…
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5 Benefits Of Networking

5 Benefits Of Networking

Business
As an entrepreneur, networking is a key activity that is not only fun, but critical to your personal growth and business development. Small business is all about networking, building relationships and taking action. Building a successful business takes a lot of time and drive, so it’s good to have a network of friends and associates to draw energy from and keep you going. By surrounding yourself with people who share a similar drive and ambition, you are more likely to move forward as a group. But that’s not the only benefit of networking. In fact that’s only the beginning. 1. Shared Knowledge Networking is great for sharing ideas and knowledge. Whether it’s asking for feedback or discussing your point of view, it will help you expand your knowledge and allow…
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5 Reasons Collaboration Can Help You Grow Your Business

5 Reasons Collaboration Can Help You Grow Your Business

Business
Collaboration is a powerful tool for all small business owners, regardless of industry or type of business you have. It is the connections you form with others, and the ways you collaborate with those connections, that will help you grow your business to new levels. If you are not convinced that collaboration is really worth the time and effort, here are five reasons why you should care about collaboration in your small business. 1. Collaboration Can Inspire You It is easy to get into a routine during the day-to-day operations of your business and forget that there may be a better way to do something, different techniques to try, and new tools that can save you time and money. While you can read blogs, magazines, and books for inspiration, if…
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Sprout: Prime Minister Malcolm Turnbull Launches New Innovation Hub To Back ‘Digital Agriculture’ Entrepreneurs

Sprout: Prime Minister Malcolm Turnbull Launches New Innovation Hub To Back ‘Digital Agriculture’ Entrepreneurs

Business
The National Farmers' Federation (NFF) says it has tens of millions of dollars ready to kick-start an agricultural innovation hub to be launched by the Prime Minister today. It is part of a broad strategy by the NFF to harn ss new technology and big data to cut the costs of production and boost output. "Digital agriculture is the next wave of productivity" and could add as much as $6 billion to farm income over the next four years, according to NFF chief executive Simon Talbot. "We need pathways to identify the best ideas and get them to market sooner in order to remain at the cutting edge," Mr Talbot said. Malcolm Turnbull, together with Mr Talbot, will today launch the NFF's innovation hub for agricultural technologies, called 'Sprout', at…
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What The Australia-China FTA Means For Small Businesses

What The Australia-China FTA Means For Small Businesses

Business, Investments
Agriculture, services and tourism are expected to be the big beneficiaries of the free trade agreement between Australia and China. The new deal, which has been 10 years in the making, will pave the way for easier trade between the two countries. Now that a declaration of intent has been signed, both countries will now take steps to bring the agreement into force during 2015. Agriculture will fares the best in the new FTA, with tariffs on dairy products, wine and beef to be reduced in the next four to 11 years. Other sectors to benefit include processed food, tourism and travel services, manufacturing, construction and engineering, architecture and urban planning and employment services. University of New South Wales economics professor Tim Harcourt toldSmartCompany SMEs will benefit the most from…
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Start With Why – Simon Sinek TED Talk

Start With Why – Simon Sinek TED Talk

Business
British author Simon O. Sinek is best known for popularising the concept of "The Golden Circle" and to "Start With Why". His concept was described by Technology, Entertainment, Design (TED) Conference as "a simple but powerful model for inspirational leadership all starting with a golden circle and the question "Why?". Watch him as he discusses the principle behind every successful person and business.
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How Giving In The Right Way Can Transform Your Business

How Giving In The Right Way Can Transform Your Business

Business
Neil Patel is known as one of the world’s top Internet marketers. He made his first million by age 21. He later co-founded two successful multi-million dollar web analytics companies, Crazy Egg &KISSmetrics, and is a successful angel and real estate investor. Behind-the-scenes, every year, he spends 1,000+ hours (40+ free, 1-on-1 calls per week) and hundreds of thousands of his own dollars (staff to support his giving) helping aspiring entrepreneurs without the expectation of receiving anything immediately in return. The Catch When you learned about how much Neil is giving, you asked yourself, “What’s the catch? What’s in it for him? Is he a full-time philanthropist now?” There is a catch, but it’s not what you think. Neil isn’t a selfless martyr. One of the reasons he is a very successful…
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The Status Quo: Yesterday’s Business

The Status Quo: Yesterday’s Business

Business
Today’s leaders manoeuvre in an entirely different landscape to their counterparts of years gone by. Accepting that jobs are no longer ‘for life,’ scores of entrepreneurs join the game to take control of their own destinies while advances in technology become threats when not embraced. With the speed of change growing exponentially, now, more than ever, must leaders understand the danger of the status quo and what it means to challenge the status quo. We’re naturally drawn towards the status quo, of course – it served us well and is the reason we’re still standing. So where’s the problem? The status quo is yesterday’s business and while you work to maintain the good days, someone else is working just as hard to ‘one-up’ you. Businesses need look forward and make a habit…
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Preparing Your Business For Major Projects

Preparing Your Business For Major Projects

Business
Applying for and winning major projects rely on your tendering skills. You also need to demonstrate an ability to respond well to trends in the major project market. Minimum requirements As a minimum, you must offer competitive pricing, quality and on-time delivery when supplying to a major project. You have the best chance of entering and gaining long-term access to major project supply chains if you: demonstrate how your service or product adds value to the project and supports the project's risk management strategy use an established business system have experience in responding to unexpected issues use innovation to improve the efficiency of the project supply chain network to find and create opportunities to add value to the supply chain. Adapting to change Because major projects continue to evolve, it's…
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It’s Time To Take Stock Of Your Business’ Financial Health!

It’s Time To Take Stock Of Your Business’ Financial Health!

Business
As the old cliché goes, you can't know where you are going until you know where you have been. As you start a new financial year and are planning where you want to take your business in the next 12 months, now is a good time to take stock and reflect upon the year just gone. Taking time to review the financial shape of your business should form a crucial part of your forward planning. By doing this activity it ensures you have a full grasp on the current financial health of your business, giving you a clear start point to the activities required to achieve business success this financial year. To assist you with this task we have found 6 great tips to ensure you are achieving good financial…
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