Email is one of the necessary means of communication, especially in business. With a lot of official messages, personal matters, spam and email threads where you are copied, how do you ensure that you don’t waste too much time going through your inbox without missing out on the more important ones? It may not be too much of a deal but there are repercussions when you fail to read an urgent message, while there are also consequences when you spend too much time on your emails than on other pressing issues.
On trends and predictions: how it will help chart your business growth
Setting targets and goals is an important part of keeping a business running. It provides the team with the direction of where the company is heading and allows them to come up with strategies based on the objective set. Looking ahead may include forecasting, which helps gauge if the target is attainable and feasible within the given timeframe and resources on hand.
Entrepreneurs prepare for the future by looking at trends and coming up with a prognosis of what is to happen. EO Members share how they keep themselves updated on the latest trend in their industry.
5 ways you can easily make your business more environment-friendly
“Go Green.” We often see this call-to-action in advertisements, advocacy campaigns and establishments. Businesses have become more conscious of their impact on the environment and have joined efforts in minimising their carbon footprint to help preserve our planet’s biodiversity. But how do you get your business and your entire team to go green?
Partners in advancing entrepreneurs and their businesses
One of the benefits of being a member of EO is having access to the products and services of its Strategic Alliance Partners and being able to learn from them. As many businesses are struggling to get back on track due to the global pandemic, EO Melbourne and its partners provided virtual events to support those in the EO community during these challenging times.
EO Melbourne's online catch-up events: Chat Roulette and Needs & Leads
In a time when physical interaction is limited and most people are at home due to restrictions, reaching out to one another is of great importance. Having a community where members can seek help or extend assistance can make a huge difference in people’s lives. This is how EO Melbourne has become a flourishing environment for entrepreneurs where continuous growth and constant support takes place.
Recently, the chapter held virtual catch-up events that allowed members to get to know each other at a deeper level and lend a hand to those in need. Members were more than enthusiastic to participate in such endeavours that provided them with an avenue to strengthen their bond as they navigate the challenges of the current crisis together.
EO Melbourne's virtual Wine-Tasting Nights
Ways of streamlining your business
As your business grows, you will find that tasks increase, files pile up, materials (and dust) gather and more things need your attention. Some items take longer to turn around, need several documents and require to deal with a lot of people. When work gets more complicated and unproductive, maybe it’s time to review your business and see where you need to streamline and simplify things.
How to do a proper handover and transition at work
People exiting an organisation is a common occurrence in every business. There are plenty of reasons why staff members leave the company. Whatever is the circumstance behind an employee departing, the changing of employees is something that every entrepreneur should prepare for to ensure that there are no gaps in-between periods of a team member leaving and a new one coming in.
Tech brands that made it big
Most companies and businesses nowadays do not have a physical product to sell. With information and transactions mostly done online, many brands that we have come across offer various services through websites or phone applications. From photo sharing, social networking, email marketing to buy-and-sell, there are plenty of industries that now rely on the internet to push their businesses forward.
How entrepreneurs can spend their weekends in the new normal
Restrictions have eased up after the quarantine, but movements are no longer the same as to how it was before COVID-19 hit the world. People are still advised to observe distancing as much as possible. Some companies have opted for flexible work arrangements with their people where certain staff members work from home. Many events and activities are still held online. As long as no vaccine is available, precautions are still advised to be taken to avoid a similar occurrence in the future.
8 Crisis management books to help your business
Whether it is in the form of a natural disaster, an armed conflict, a stock market crash or a pandemic, a crisis is bound to happen, and often when we less expect it. Rather than be caught off guard, such as how other businesses were during the recent events, it is better to familiarise yourself with various scenarios and know the strategies on how to cope and survive them.
Supporting your team during a crisis
The pros and cons of serial entrepreneurship
There are entrepreneurs and there are serial entrepreneurs. But what is the difference between the two? Both start a business from an idea. While a typical entrepreneur may opt to stay to run their venture, a serial entrepreneur may pass on the reigns of managing the business to someone else and moves towards starting another one.
When to partner with a competitor
Tips on doing niche marketing
Dealing with high emotions at work
Organisations and businesses are composed of people. Emotions are part of our human nature, and they may intensify when we interact with others. When you are working as a team, and there is so much energy, pressure, egos and excitement in the environment, it is unavoidable that emotions may run high, which can lead to conflicts or friction among colleagues.
How to sell your business
Selling a business, big or small, is not something that happens overnight. If it is part of your exit plan, you need to outline how to go about it so that when the right time comes, you can easily start the ball rolling. Whether it’s the point when you feel you need to move to another industry or retirement, attend to other personal matters or navigate through a crisis, such the pandemic that the world is experiencing, selling a business is always an option that an entrepreneur can consider doing.
The need for concept testing
Good ideas can raise your business to greater heights. Whether it’s a brand name, logo, packaging, new product or service, promotional design or marketing campaign, concepts help your venture grow and thrive. But how do you know if your brainchild is indeed a good one? Some may seem brilliant but they don’t necessarily translate to sales or profit.
Mentoring your team effectively
Benefits of business collaborations
Companies, big or small, sometimes work together for a common goal that will mutually benefit each party involved. Collaborations are not uncommon among brands and organisations, especially if this can lead to increased knowledge and sales. Such partnerships may occur through joint projects in developing new products and services, enhanced processes, training and upskilling of people, sales and marketing initiatives and so much more.