Successful Managing

Make your business really hum with 'Corporate Class' Strategy, Budgeting, Forecasting, and Performance Monitoring.


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Management Memos

Last month we discussed the tough problem of budgeting in uncertain times.

Now we look at a roadmap for making the budget stick.

Dollar sign

What will you do in your day-to-day decision making to really stick to a 'cash-first' budget?

 

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More Business News

THE BIG SHIFT IN THE ECONOMY YOU MAY HAVE MISSED

There is growing evidence that services exports are really helping cushion the economy from the slowdown in mining. That is what you might expect from a weaker Australian dollar, but tourism figures for the year ended May show a much bigger impact. There has been a 21% increase in inbound Chinese tourists, at the same time as a reduction in outbound tourists to Thailand.

That means that we really are exporting services now, and it is becoming a much more significant part of our economy.

Services jobs provide abut 80% of Australian employment, but they have not generally been seen as "exports" until now. The big change is driven by tourists seeing Australia as a 'value' destination in this post-mining boom era.

It's OK for tourism businesses to consider their business as "ripe for export", but it has a much broader application. With the $A continuing to be relatively low valued, and the Reserve Bank looking to keep it low, we might need to consider if there is a way other, non-tourist, operators can make use of this new reality - the post-mining boom service demand gap.

if you just dismissed this thought without a 'real thought', you just left an opening for someone else!

Put simply, "Make Measurably More".  Money, that is!

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