MyMalekso

14/12/2022

Have you heard of the tree of opportunity? It's such a simple concept to understand but is super powerful when correctly used. If the whole notion of ‘business strategy' or ‘business planning' scares you, then this great little tool will make the whole strategy/planning development process that much easier to understand.

Close your eyes for a moment and think of a beautiful, bountiful fruit tree. As you examine the tree, you notice that there are three layers of fruit on this tree:

1. Low hanging fruit
2. Middle of the tree fruit
3. Top of the tree fruit

The low hanging fruit are the easy fruit to pick. You can reach up, and just grab the fruit.

The top of tree fruit is the tastiest fruit. It is the fruit that many want to reach, but it is the hardest fruit to pick.

This fruit tree represents your business, with the low hanging fruit representing opportunities that you can easily pursue and achieve. The top of tree opportunities are the long term strategic goals that you wish to achieve. They take time to work towards and achieve, potentially taking years. The middle of the tree opportunities are your medium terms goals and opportunities. They take work to get to, but, are easier and quicker to reach than the top of tree strategic goals.

When developing strategies and plans, bear this fruit tree in mind. Developing long-term strategies is important, but always do so in a manner that builds in medium and short-term quick wins into your business. Doing so helps you and your team stay focused and motivated; achieving quick wins is an important psychological and change management tool used by management consultants with great success and is something you need to get familiar with!

13/12/2022

There is a fallacy that to achieve all you need to do is provide a good product, at the right price, to the right customer, and you are set and done. This is unfortunately nothing but idealistic thinking, simplified sadly by marketers, social media and the mass media that tout the overnight success stories as being the norm.

The reality is that building a successful, future proof business is hard work. It requires the business owner and their team to understand and address a complex interplay between the key layers of the business. It is this interplay that MyMalekso CEO Peter Spinda discusses in his article titled ‘Business success requires more than strategic planning and doing what you do really well'.

https://mymalekso.com.au/business-success-requires-more-than-strategic-planning-and-doing-what-you-do-really-well/

12/12/2022

Let's talk about exiting your business. After all, most business owners do not own the same business till the end of their lives, with many entrepreneurs building businesses with the goal of capitalising on their investment via an exit of sorts (such as a sale).

What you do today will dictate what happens tomorrow. Business owners who focus on working on the business, as opposed to working in the business, tend to reap the rewards long term in the form of added value to the business, which ultimately allows the business to be sold for more.

In fact, it is a well-known fact that a business with a track record of growth, further potential for growth, and a strong base to leverage its potential (including quality people) is frequently sought after by buyers, and thus tends to sell for more with fewer headaches.
In our detailed article ‘Adding value to your business ', we explore the top tips every SME business owner needs to be aware of in order to build a valuable business.

Read the full article here 👉:

What you do today will dictate what happens tomorrow. Business owners who focus on working on the business, as opposed to working in the business, tend to reap the rewards long term in the form of added value to the business, which ultimately allows the business to be sold for more.

08/12/2022

Professor Retha Wiesner shares her positive experience using MyMalekso as part of the Women in Rural, Regional and Remote Enterprises program.

Dr. Retha Wiesner is Professor of Management and Organisational Behaviour in the School of Management and Enterprise and Research Program Leader: SME Performance and Entrepreneurial Leadership, in the Institute for Resilient Regions at the University of Southern Queensland.

Retha founded and leads The Program, a major research and capacity building program, in the Institute for Resilient Regions at the University of Southern Queensland. The focus of this program, is on Advancing in Rural, Regional and Remote Enterprises through .

Professor Retha Wiesner shares her positive experience using MyMalekso as part of the Women in Rural, Regional and Remote Enterprises program. Another happy ...

07/12/2022

. Do your clients turn to you for advice on getting their business prepared and ready for sale ( )? Is this a service you already provide, or would like to provide your clients?

One of the first tools we built into MyMalekso was the Sale Price Maximiser diagnostic assessment and monthly implementation tool. Using MyMalekso, your advisory practice can leverage the power of technology to deliver the much sought-after service of business sale readiness preparation.

This diagnostic and monthly implementation tool is highly effective, easy to use and very affordable. Why don't you try the tool out today, at no cost?

Try MyMalekso for FREE! Every billable member of your team can try out MyMalekso for free, with no strings attached. Simply contact [email protected] for a confidential chat, a demo, and to discuss trying out MyMalekso for free.

Visit https://mymalekso.com.au/advisors/ today.