(2 min read) As a private business owner seeking safe and profitable growth, acquiring another business can be a game-changing strategy. Here’s why: Instant Growth and Market PresenceAcquisitions offer immediate expansion of your customer base, product lines, and market reach. This rapid growth positions you as a stronger competitor, potentially deterring new market entrants. Diversify […]
3-May-2020 Article by Warren Otter This article is designed to make private business owners acutely aware of what is happening and what will happen to a large percentage of businesses, including yours. Think past the end of September. Can your business comfortably survive with the same level of staff and operating costs, on reduced […]
Key Tips for Business Owners during these different times Leadership Time to Show strength of character Be clear with your communications Be compassionate Be decisive Be POSITIVE but realistic Ask staff for their input to solutions This is an opportunity to embrace change within your organisation this will be necessary to ; a/ survive and […]
The Australian Automotive supply sector has had plenty of time to rearrange their individual businesses to be become less reliant on the three major car companies, but many are now running out of time and still looking for state and federal government assistance. The three major car companies announced their pending closure in late 2013; […]
If you have been following my posts or read my book you would know that I am a strong advocate for strategic acquisitions to grow mid-size private businesses. Currently 22% of businesses in Australia are owned by the Baby Boomer generation (born between 1946 and 1963), and these Baby Boomers are looking for an exit […]
So your business growth has slowed or stalled, how do you return to consistent strong growth? From my experience there are two types of proactive business owners when it comes to the issue of growing or turning around a business. The first type are those owners who believe strongly in traditional organic methods of growth, […]
It might sound fundamental, but as a business owner you need to review regularly your purpose or reason for being in business. What might have started off as chasing the dream has probably changed over the years. If your business is starting to keep you awake at night and becoming an occasional nightmare, it is […]
Otter and Associates are running their April breakfast seminar to explain how to solve these two stress causing problems; to join us open the attached invitation and book a seat or contact us via our contact page to register your interest in another date (they book out quickly). Otter Associates April Seminar Invitation
Business (and the way in which we go about business) is undergoing fundamental change. Many traditional methods for business growth no longer work as effectively. Thanks to the internet and other market forces, buyer behaviour has also changed beyond all recognition. The rules of the game have changed, and even the playing field has changed […]
How people earn their income falls into four sectors, as detailed by Robert Kiyosaki in his book ‘Rich Dad, Poor Dad – Cashflow® Quadrant’. I believe it is an important concept for business owners to fully understand, as I have found that clarity on the principles of how people earn their income can also be […]
