Sean Foster

Category: Newsletter

The Single Biggest Driver in Your Business

Newsletter

21st of April, 2022

For a service-based business the cost of employees is often the biggest single cost. Compare this to an importer who ties up a lot of their capital in stock and warehousing, their employment costs as a percentage of total costs are a whole lot lower. But this difference masks the reality that in almost every business the employment cost, is the ‘cost’ that is the biggest driver in influencing the bottom-line performance of the business.

Read More →

The Problem with Free Speech

Newsletter

17th of March, 2022

Dependency is a good thing: without it, tyrants develop, and they have no boundaries to what they believe they control. Without the need for dependency the narcissistic personality can flourish, usually with devastating consequences. We saw this with Hitler, we are seeing it now with Putin.
These individuals are high profile examples. Possibly on a more mass-scale, we witnessed this affect during the Trump presidency and again right now with the Covid pandemic.
I am still unsure if I should be writing on this potentially polarizing subject, after all, I am going to be taking a neutral stance, so should you be angered, hold on – ride this out.

Read More →

The ScoreCard

Newsletter

17th of February, 2022

When we are looking for a new recruit, typically what is the first thing we do? I suspect for most people, we think about the person we are looking for and their role, 10-minutes later we place an ad.

Read More →

Don’t Set Yearly Goals

Newsletter

13th of January, 2022

When it comes down to you considering your future, there are two forces at play: 1. External forces, and 2. Internal forces

The message here is set goals sparingly, and when you do, stack the odds in your favour to ensure a better hit rate.

Read More →

Success Begets Success

Newsletter

16th of December, 2021

Where are you mostly sitting, 1,2 or 3? Whatever is your selection, there is one insight that I encountered numerous times during 2021. Perhaps it is not earth shattering, but certainly impactful.

Read More →

Gamifying Gratitude

Newsletter

2nd of December, 2021

Have you come across or experienced the ‘Great Resignation’ concept that many companies are facing?

Employees are looking for more meaning in their work; they have higher expectations in relation to what they must ‘give up’ in order to secure employment; for many they have boundless opportunities to improve their quality of life and potential earnings through alternate employment options. Add to this, our current unemployment rate is critically low (yes, that is not entirely good for the economy!), so based on the traditional Supply-Demand curve, the headwinds are against us as employers.

Lasting business improvement is made by making continual and consistent 1% improvements – this is one of those 1%’ers you should consider.

Read More →

Getting to the Brass Tacks of the #’s

Newsletter

19th of November, 2021

It is a legal requirement for you to be reporting your numbers back to the Government of the day, this being your GST and company tax numbers. Most businesses have a bookkeeper or accountant managing this process to ensure it is done correctly. It is non-negotiable, you must do it and you must do it correctly.

Read More →

Developing a Positive Accountability Culture in Your Business

Newsletter

4th of November, 2021

At face value it is very difficult to measure how accountable people are in your business. After all, we all have different perceptions of what accountability is. So rather than delving into that murky water, I will rather assume that you would like to (and should be) continually working to improve the culture of accountability in your business.

Read More →

False Positives

Newsletter

21st of OCtober, 2021

The technical definition of a False Positive is when a test result indicates the presence of a condition. The doctor says you have X, when in fact a later test confirms you don’t (wow, nearly back into virus talk here.) In business life we meet False Positives often.

Read More →
1 2 3 4 5 6