Business Essentials

Employees are losing trust in their bosses and their companies, with huge ramifications for small businesses. That’s according to Aaron McEwan, Vice President of Research and Advisory at global research firm Gartner. He says many employees feel their companies no longer value their contributions — especially as office mandates return post-pandemic. Aaron explores why employees’ sense of trust has diminished and how small business owners can turn things around by shifting their focus back to their people. Now, more than ever, effective leadership requires rallying teams around a shared sense of purpose.

Business Essentials Daily is produced by:

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When it comes to influencing people to change their behaviour, we tend to use logic. That doesn’t work, says behavioural specialist Bri Williams. Humans are emotional creatures: we’re lazy, scared and confused, she insists. By lazy, she means we’re creatures of habit and therefore behaving in a new way takes effort. We’re scared because we don’t want to try something different in case it fails. And we’re confused, because we don’t know where to start. Believing that we’re rational is the biggest of the many behavioural myths that Bri outlines in this episode.

Business Essentials Daily is produced by:

SoundCartel
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+61 3 9882 8333

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Victoria’s drastically expanded Vacant Residential Land Tax is setting a precedent that, if history serves as a guide, is likely to be followed by other states. The tax is being imposed in an attempt to address the housing availability crisis, and drastically impact homes that sit vacant for more than six months in the preceding calendar year.

Forvis Mazars Partner Michael Jones explains how the tax is structured, its huge potential cost to property owners, and how it is already changing behaviour and driving down prices. He covers who the tax impacts, exemption criteria, and the compliance steps required to avoid penalties. Michael Jones also provides practical advice for those affected, including key deadlines and tips on managing compliance. Action is required now, and he is concerned that many property owners are still unaware of the tax and their obligations.

Business Essentials Daily is produced by:

SoundCartel
soundcartel.com.au
+61 3 9882 8333

See omnystudio.com/listener for privacy information.

We’re facing a world of relentless change and uncertainty right now, from industry transitions, post-pandemic impacts, technology advances, skills shortages, cost-of-living issues, and so on. So, as a leader, how do you  guide your team through the challenges of change? Leah Mether says much of it comes down to communicating clearly and consistently to everyone. It’s all outlined in her book, ‘Steer Through the Storm: How to Communicate and Lead Courageously Through Change’. In this episode, Leah explains her 5 Cs of effective leadership and why one-on-one conversations are crucial.

Business Essentials Daily is produced by:

SoundCartel
soundcartel.com.au
+61 3 9882 8333

See omnystudio.com/listener for privacy information.

Changes to Fair Work laws that make wage theft a crime, are casting new light on the role of the Fair Work Ombudsman, Anna Booth. But with only one per cent of this type of dispute ending in court, she says her 1000 staff are actually at the service of employers, and not just the workforce. Anna Booth describes her desire to help small businesses achieve compliance with workplace laws and lists the many resources that are available to help them in this effort. The Ombudsman emphasizes that businesses with good intentions can expect supportive guidance rather than immediate penalties.

Business Essentials Daily is produced by:

SoundCartel
soundcartel.com.au
+61 3 9882 8333

See omnystudio.com/listener for privacy information.

A toxic workplace culture grows over time but can strike without warning. It’s corrosive and can have a terrible impact internally on staff and externally with clients or customers. Colin D Ellis, a workplace culture specialist who has written extensively on the topic, has some words of wisdom about how bad cultures can be created and how to fix them. He breaks down how toxic behaviours can arise, from micromanagement to severe forms of misconduct, and offers workable strategies for owners and managers to lead by example, approach issues with empathy, and reset cultural expectations.

Business Essentials Daily is produced by:

SoundCartel
soundcartel.com.au
+61 3 9882 8333

See omnystudio.com/listener for privacy information.

How do you stand out from competitors? After all, it’s the ultimate goal – to differentiate your business in a way that builds engagement and brand loyalty. Well, sales and marketing guru Tom Poland may just have the answer with his marketing message formula. He says your message needs three elements to succeed: it must be benefit-rich, contain specifics and be differentiated.

Business Essentials Daily is produced by:

SoundCartel
soundcartel.com.au
+61 3 9882 8333

See omnystudio.com/listener for privacy information.

If you need a quick energy boost, or to restore your faith in the new generation, just spend a few minutes with Michael Black, the Founder and CEO of Success Tutoring — a business he started in high school. Now in his twenties and with the company established across Australia, he’s looking at international expansion. Michael reveals the unique business model that sets Success Tutoring apart, focusing on motivating students and providing flexibility for busy parents.

Business Essentials Daily is produced by:

SoundCartel
soundcartel.com.au
+61 3 9882 8333

See omnystudio.com/listener for privacy information.

It’s not called ‘the silly season’ for nothing. The end-of-year party is meant to be a time to celebrate and recognise a job well done. But a well-meaning reward could turn into a legal nightmare, warns Business Lawyer Tracey Mylecharane. When you add free-flowing booze into the mix, your business could well be facing repercussions the next day. Tracey provides examples of what could go wrong, if you’re not prepared.

Business Essentials Daily is produced by:

SoundCartel
soundcartel.com.au
+61 3 9882 8333

See omnystudio.com/listener for privacy information.

With so many wellbeing and mental health support apps in the market, could some of the more traditional self-help apps be limited in their offering? For Founder of SafeWatch™, Shane Muller, the answer is yes. For him, the focus should be on the human component of care.

Which is why he developed the The SafeWatch™app, a wellbeing companion, based on the core idea that ‘it takes a village’. As a result, the app enables networks of family, friends and colleagues to provide support, build resistance to those that need it.

Tailored for individuals, workplaces and practitioners the app offers a range of functionality, including privacy, feedback and mentoring. Shane discusses the development of the app and the myriad of benefits for SafeWatch™ in the workplace.

Business Essentials Daily is produced by:

SoundCartel
soundcartel.com.au
+61 3 9882 8333

See omnystudio.com/listener for privacy information.