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The Rocky Fiscal Horror Show

26 February 2009 by Michael Harrison

Youll scream in HORROR at the ZOMBIE BANKS!!!Youll cringe as TOXIC ASSETS ooze closer to your nest egg!!!Youll SHIVER IN FEAR at the CREEPING NATIONALIZATION!!!DONT MISSTHE ROCKY FISCAL HORROR SHOWcoming soon to a cinema near you(Okay, a bit cynical but an apt metaphor for whats taking place in the global economy.)With U.S. President, Barack Obamas economic stimulus package in place all 1,000 pages of it global economists have had the opportunity to pore over this dry (as Adelaides c... Read More...

Is McDonald's Stupid or …

14 February 2009 by Michael Harrison

There is an interesting debate raging in my home town of Adelaide about McDonalds decision to charge more in poorer suburbs. The Adelaide Advertiser 26 Feb 2009The unknown factor is the long-term damage to the McDonalds brand (if any) but the interesting issue for marketers are:how McDonalds is handling their media response, andthe morality of what they are reported to be doing.Australian retail expert Barry Urquhart of Marketing Focus made the observation that people&nb... Read More...

Good Advice Is Good Business

14 September 2009 by Michael Harrison

Choosing and Using the Right ConsultantWe find ourselves living in interesting economic times.Unprecedented. Global. And affecting small and large businesses equally. Until now, youve weathered the storm using your experience, judgment and instincts that have never lead you astray. But now what?Youre facing an economy thats stalled, credit thats locked up tighter than a bank vault and clients and customers seeking ways to cut back. Perhaps its time to bring in some outside help. Perhaps you need... Read More...

Little Things Make a Difference

01 February 2009 by Michael Harrison

Its interesting how little things stick in your mind.Last week I presented to Marshall Whites (a Melbourne based Real Estate firm) Kick-off Conference. At the end of my presentation I was presented with an excellent bottle of wine accompanied by a HAND WRITTEN note from the General Manager. Thank you gifts are common - hand written notes are not.If you want to make an impression try writing two or three hand written notes each day.On the drive back from Melbourne to Adelaide... Read More...

It's Time to Think Micro

13 January 2009 by Michael Harrison

Much of my time is spent reviewing clients accounts at the most fundamental level where did the money come from and where did it go.Sounds like a pretty simple task but surprisingly, many small business owners have a macro perspective of cash flow, even though cash flow is the lifeblood of any business.The key to success in this unprecedented business economy isnt to assume the macro view. Today, micro-allocation will prove to be the life preserver for many small businesses in the coming months... Read More...

New Year Resolutions for Your Business

04 January 2009 by Michael Harrison

Most of us make New Years resolutions that are soon forgotten. Why? Because we dont plan to achieve them.Planning is documenting the answers to four questions:Where am I now? (Current Situation)Where do I want to be? (Objectives)How will I get there? (Strategy)How will I measure my results? (Milestones)Current SituationDescribe your business. What does it do? Who works there? How is it structured? Does it have a vision or mission statement? Do you have a marketing plan?ObjectivesWhat do you want... Read More...

Lessons from Madoff's Magic Money Machine

21 December 2008 by Michael Harrison

On Friday, December 19, long-time Wall Street wunderkind, Bernard Madoff went before U.S. Magistrate Judge Theodore Katz appealing his current bail conditions that require him to remain under house arrest.You really must feel sorry for the guy, forced to stay locked up in a 12-room penthouse in Manhattan.The Worlds Largest Ponzi SchemeMadoff created the worlds largest Ponzi scheme also called a pyramid scheme, paying long-time investors with new investors money. And year in and year out, in... Read More...

What can we learn from Obama

11 April 2008 by Michael Harrison

Ive watched with great interest the means by which U.S. President-elect Barack Obama is assembling his inner circle of advisors, and I must admit Im impressed.Hillary Clinton, Americas next Secretary of State, fought a bitter, rancorous campaign to gain the Democrats endorsement to run for president. And, of course, we all know how that turned out.However, Obama has talked at length about assembling a team of adversaries an approach to governance that translates well to the business realm. Unfo... Read More...

Stagnation or Survival

04 November 2008 by Michael Harrison

Over the last few weeks I have been revamping my website. Why? The current financial crisis will see the demise of many businesses. Will yours be one of them?Whether youre a financial advisor, real estate agent or other services provider, if you take a passive approach to building a client base your business will eventually stagnate. To maintain and grow your client base can be time consuming but it is absolutely necessary for long-term success regardless of services rendered.Lead GenerationLea... Read More...

Reserve Bank's Minutes: More cheaper money to come

06 September 2008 by Michael Harrison

After working my way through the minutes of the Reserve Banks August get-together it became obvious that money was about to get cheaper in Australia - so the September rate cut was no surprise. Thats the good news for Australian borrowers.But it also means the Australian dollar weakens against other world currencies especially the U.S. dollar thats been firming up in recent months. A weakening Australian dollar translates into lower revenues for businesses marketing goods and ser... Read More...

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