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Updates & Articles For your Business

Connolly and Associates support businesses to grow strategically and be well informed.

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Continuous Improvement in YOUR BUSINESS to stay in Business

Like never before…your business has untapped OPPORTUNITIES and presents PROBLEMS on a far more persistent level NOW due to the speed of the modern business environment and the impact of external factors…
We encourage you to urgently deal with 5 major business developments in the current environment:
  1. Financial Reporting Advancements
    The immediacy of financial reporting brought by bank linked transactions. Most businesses download there banking daily now and are tracking and reviewing this to stay on top.
  2. Information Technology
    The use of the cloud. “IT power” is no longer limited to your server, storage capacity or a current version of the software you use.
    > Innovation is now a necessity to survive and thrive in business.
    > We have the opportunity to do more with less with innovative technology. Are you on top of this growth?
  3. Reporting
    The demand to know the business scoreboard weekly/monthly and how to manage the drivers of profit.
    > Set business KPI’s that drive the activities that drive profits and cash flow.
    > Review financial statistics, measured management actions.
  4. Legislation/Privacy Compliance
    is getting unbelievably complex.
    > Income Tax/GST/FBT/Superannuation has penalties if wrong.
    > Banking facilities and credit availability.
  5. Labour Engagement.
    > Your team is now absolutely critical to your success and their concerns are yours.

SWOT (Strengths, Weaknesses, Opportunities, and Threats)

As a business owner and director, you need to identify and prioritise strategic actions through a disciplined and focused process. A SWOT analysis is always a useful tool to review your business position.

Abounding opportunities to support Strength

Growth
> Developing your BRAND and Message,
> Marketing for growth,

People. People. People
> empower the team to reach their potential,
> mentoring ‘non-technical’ development,
> setting clear targets,
> great communication,

Collaboration/Network.
> Stay connected to your clients
> Stay connected to your business community

Systems
> improve efficiency and customer experience,
> adoption of the latest PROVEN hardware/Software/cloud

Products and pricing.
> Are your products aligned with the modern market

Competition

Once upon a time you could see and measure the impact of Competitors as they were limited to your marketplace. Now the competition is coming from every direction and driven by an invisible world of millions of ideas tooled up with technology and unlimited communicating channels 24 /7.

Threats

The need for you to plan and protect your business is now greater than ever before:

  • Australia’s largest trading partner is dropping bombshells,
  • The damage to industry via Zombie companies expedited by Covid is unknown,
  • Interest Rates are the lowest ever,
  • Your clients are aging and re-prioritising their goals, and
  • The planet protectors are winning the battle to forsake economic considerations to ensure our children have somewhere to live.
How do these points affect your business? What can be done?
Call us now to review your business plans and ensure you are on the right side of these developments and this financial landscape
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