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Making Sense of Interest Rates
Business borrowers are watching closely as official interest rates rise across the board. So what does this mean for your business and why do rates vary between commercial rates, home loan rates and equipment finance rates?
Dancing to the Tune of that Elusive Dollar
Setting up a business that requires you to be young and fit enough to operate and excel, but really also requires some serious investment and business experience can be a challenge. Dancing for profit is always going to be difficult. Fear not – you should start slowly with a minimum risk to your finances. Here is our suggestion for you:

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People and Risk
A risky business … Business is risky; the less static the more risk, thus the more successful the business the more risk in must embrace and benefit from. In this article, Lisette Howlett shares her thoughts and experiences in the area of risk and people. Without people you have less risk; but you also have no business. Risk is unavoidable but not insurmountable. Indeed taking your people risk seriously will improve your business; the successful management of risk has a positive impact on business success.

The Importance of Risk Management for Business Owners
The most successful business owners have an innate understanding of risk and how to manage it. This article evaluates four different businesses in the context of risk to draw lessons about effective risk management.
Dancing to the Tune of that Elusive Dollar
Setting up a business that requires you to be young and fit enough to operate and excel, but really also requires some serious investment and business experience can be a challenge. Dancing for profit is always going to be difficult. Fear not – you should start slowly with a minimum risk to your finances. Here is our suggestion for you:

Fail Your Way to Success
The selling profession is not generally considered a high-risk profession, yet salespeople face big risks every time they speak to customers and prospects. What do they risk? They risk uncovering the truth. They risk finding out their best customer has just changed the rules of doing business. They risk discovering the prospect with whom they have invested so much time doesn't really qualify as a prospect at all.

The Irony of “Risk” in the Markets
Right now in the markets, there are essentially 2 trades: risk-taking and risk-averting. The risk-taking trade can be summarized as US dollar and Japanese yen down, bonds down, everything else up. Risk-averting is just the opposite. Oh sure, you get the occasional stock that goes down because of blatant corporate mismanagement, but overall stocks will go up if the dollar declines.
Minimum wage – good or bad for business?
The questions around the minimum wage are always going to create a heated discussion and in my opinion is just another way for governments and usually socialist style governments to control the economy and turn things in to a nanny state! What is a minimum wage? The minimum wage is the lowest hourly, daily or monthly wage that employers may legally pay to their employees. Minimum wage laws also prevent workers from selling their labour at an amount which is lower than the minimum wage level. Those that defend and advocate a minimum wage say that it increases the standard of living of workers and also reduces poverty.
Risk Assessment & Analysis Techniques
Risk assessment is an area of concern for all senior executives, but many mid-sized enterprises do not have the skills, processes, or tools to effectively mitigate risks. Instead of reactively ‘fire-fighting’ and dealing with issues as they arise, consider adding simple risk assessment & analysis exercises to your project planning process. Download & customize Demand Metric’s Risk Assessment Tool, Risk Mitigation Checklist, and Risk Analysis (Fishbone) Tool, and add to your skills arsenal.
How to Make a Decision That Sticks Rather Than Gets You Stuck
One of the most frustrating experiences we can all face is how to make effective decisions especially when you feel there is a lot of risk at stake. You wonder how much risk you should take on without putting yourself out on a limb or how much risk you share without looking like you are trying to pass accountability or be too cautious.

Using Law Practice Management Software To Help Create A Succession Plan
Law firms that don't have a succession plan risk losing clients when a senior partner retires. A succession strategy that incorporates law practice management software and law firm accounting software allows a practice to weather the change with a minimum of disruption.
Risk Taking - Is It Wise?
When is the right time to take a risk? How can I best evaluate when a risk is worth taking? Iris Barrow provides practical tips and suggestions on how to work out whether taking a risk is sensible or foolhardy.
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