Break Even Point

Keep An Eye On Your Break Even Point

27 Sep 2012

For many of us, the last few years of business have probably been tough. Sales have slowed, consumer confidence is still low and profits seem to be eroding. Perhaps it’s time to take a good look at your break even point.

A break even point can be defined as when your expenses and revenue are equal. Meaning you’re not making a loss, but you’re also not making a profit. Most businesses will look at their break even point (BEP) and work out a strategy to achieve over and above that point in order to return a profit. Continue Reading

The How, Why & When To Help You Choose The Right Business Mentor

27 Sep 2012

With the popularity of social media channels Twitter and Facebook, mentors are even more accessible where they may not have been before. Today I can get a response to my comments on twitter from my mentors like Sir Richard Branson, Lisa Barone, Mike Rhodes or Rae Hoffman where only a few years ago they just weren’t accessible at all to the larger populous. Because of the easy of access it’s more important today to choose your business mentors wisely.

With Mentors like these who can share their insight with Continue Reading

In 2003 Santa Didn’t Visit My 7 Year Old Son

24 Sep 2012

In 2003 I felt ashamed and inadequate as my 7 year old son wasn’t getting a single present for Christmas.

Back in 2003 I was a mature age student studying Software Engineering and had just completed my third year. Times were tough and the finances were really bad. This is the letter that I wrote to my 7 year old son for Christmas. I’ve kept it as a reminder to me of that moment in my life.

Dear Zac,

My elves have told me how good you have been this year. You have been really well behaved for Mum and Dad, and you have tried hard at school and got a good report.  Continue Reading

Manipulation or Motivation?

21 Sep 2012

There’s a very fine line between manipulation and motivation and as a manager or owner of a business it’s critical to understand the similarities and differences.

Both will achieve a similar short term result however, both with have very different long term effects.

  • One of these will produce a thriving business where staff are compelled to achieve with the assurance of reward for effort. If those staff members move on it will be with mixed emotions borne out of loyalty and a great sense of empowerment.

Continue Reading

Panel of judges

The Quick Cure For Overcoming Perfectionism & Time Management Tips

18 Sep 2012

This weeks episode is all about how to overcome perfectionism and how it can hold you back as a business owner or manager.

We explore some of the main issues perfectionists need to overcome in order to grow their business.

We take a closer look at your responsibilities and give you a great way to refine your workload, quickly, effectively and most of all in a way that will help you have fun at work! Continue Reading

Steve Fitzpatrick

Identifying Profit Leaks In Your Business

1 Sep 2012

This is our first episode of Typical Business where Steve & Ryan discuss the premise of the podcast among other ramblings.

Primarily, the reason for starting Typical Business in the first place revolves around identifying profit leaks. Leaks is a term often used by poker players.

We also discuss;

  • How we’re challenging stereotypical business fundamentals with new ideas Continue Reading