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Dymphna Boholt Explains the Relationship Between Relative Cost Structure and Business Growth Rate

Dymphna Boholt Explains the Relationship Between Relative Cost Structure and Business Growth Rate

The physical law that states for every action there is an equal and opposite reaction can be applied to any number of realms beyond physics, and surely most economists would agree that the physical law is aptly applied to the world economy, international trade and currency movements. As Dymphna Boholt explains, there is a ripple effect that has an impact far and wide, with changes in currency valuation abroad affecting small businesses at home.

In Australia, Boholt notes, the strength of the economy is a product of the country’s overall prosperity and the consumption that naturally comes along with a certain level of prosperity. Since the economy is so large in spite of its relatively small population, Australia has to rely quite a bit on the importation of goods from abroad to make up for its lack of economic diversity. As a result, a lofty currency valuation of the Australian dollar benefits the consumers purchasing goods or services from outside the country. The opposite reaction, however, is that foreign consumers become less likely to buy goods or services from Australian businesses due to the unfavorable exchange rate.

Small businesses have to be aware of how this relative cost structure will affect business performance, growth and long-term viability. It is surely the case that some businesses will be more likely to experience an adverse effect on performance and growth due to currency movements than others, but every small business should engage in a thorough evaluative process to ensure the business is insulated and secure in the event of any shifting currency movements. This is simply good practice, as it is always best to be prepared with a plan based on a wide range of potential circumstances.

Ironfish Review Identifies One Main Piece of Building a Strong Business

Ironfish Review Identifies One Main Piece of Building a Strong Business

Ironfish Review BusinessWhen you think of a business, the structure  and layout of a business are composed of a couple main things that, without them, the business would ultimately fail. One of the main pieces of business that every business shares as identified by Ironfish Review, is the holding of a great service or product that they want to share with the world at a cost, of course.

The product or service, which we will call the niche, is the thought of as the purpose of the business as well as one of the ingredients in fueling the business and powering it forward. This niche is the generator of income to better serve the clients/customers. No product, no business. No service, no business.

The second trait to a successful business is networking and building relationships. Notice nothing was said about building a clientele. Your clients will see right through you if your motive to build rapport with them is strictly to put money in your pocket. Building genuine relationships will take you and your business a long way.

Marlon Kobacker

Marlon Kobacker

Marlon Kobacker434

Marlon Kobacker’s extensive experience in the sustainable design and renewable energy industry has now led him to his current role as the director of Sustainable Future Group, a company created with the goal of providing clients with comprehensive product and service offerings designed to reduce operational costs through the use of solutions that are both environmentally and economically practical. As a director with Sustainable Future Group, Marlon Kobacker is able to draw on over 13 years of industry experience while also bringing his widely recognized penchant for developing innovative solutions.

An accomplished professional who is able to boast an exceptional degree of international experience, Mr. Kobacker has worked in a variety of critical capacities with major firms such as Transurban, Aecom, Cundall and Edge Environment, and he has served as a sustainability consultant or advisor for countless others as well. Given his expertise and his status as an industry leader, Mr. Kobacker is frequently sought after to be a featured speaker at conferences all over the world, often focusing on subjects that include cost-effective sustainable design as well as whole-of-life cost optimization.

Mr. Kobacker also holds the unique distinction of having been the first student to complete the world’s inaugural undergraduate program in photovoltaic engineering, earning degrees in engineering, photovoltaics, solar energy and computing from the University of New South Wales before going on to earn his master’s degree in sustainable design from the UNSW School of Renewable Energy Engineering. Mr. Kobacker then remained at his alma mater as an instructor, developing a new course bearing the title, “Solar Architectural Technologies.”

The clean energy expert can cite a number of certifications and accreditations relating to his current responsibilities with Sustainable Future Group, as Mr. Kobacker is a Green Building Council of Australia Green Star Accredited Professional, a US Green Building Council LEED Accredited Professional, and an Infrastructure Sustainability Council of Australia Infrastructure Sustainability Accredited Professional. These certifications are a reflection of Mr. Kobacker’s continued commitment to taking advantage of any ongoing professional education opportunities as well as his dedication to either driving innovation or remaining on the cutting edge of industry best practices.

Mr. Kobacker has also written extensively on his many areas of expertise, publishing articles in a number of professional journals while also recently publishing a book, “Removing the Capital Cost Barrier to Sustainable Building Design.” In addition to his current work with Sustainable Future Group, Mr. Kobacker is also lending his professional expertise to a number of sustainability and clean energy projects with Clean Energy Corporation Australia (CECA) as well as EarthRights International.

Dr. Raouf Farag Explains Why You’d Rarely See a Doctor As a Business Owner

Dr. Raouf Farag Explains Why You’d Rarely See a Doctor As a Business Owner

Dr Raouf Farag business doctorsStarting a business is something that takes courage and initiative along with ambition and faith. Those four ingredients are only a few of the building blocks needed to take a potiential business owner to the stars. As surprising as it might sound, successful people as doctors wouldn’t make very good business owners.

According to Dr. Raouf Farag, doctors have fears of failure which is a poison to a business owner. In the business world, you must understand that most of your attempts at anything will fail, including most businesses you start. All is not doom and gloom, because in the endeavor of starting your businesses and failing, eventually one will make it if you persist. Doctors, on the other hand, care so much about people and what people think of them and their practice. From what Dr. Raouf Farag has said, tough criticism multiplied with a tough job under unbearable stress would send most people into the padded room. It would be too much to handle. Business owners have learned not to listen to the criticism because if you are truly doing your best, what can people really say?

One of the great reasons why you wouldn’t see a doctors as a business owner is because doctors are highly calculated individuals who have to know all the information, statistics and possibilities. One thing a doctors hates most is uncertainty which is a given in any business endeavor.

Darren Pawski

Darren Pawski

 

As the managing director of Synergy Financial Solutions, Darren Pawski continues to lead an industry in which the education and empowerment of clients with regard to their short- and long-term financial planning remains absolutely essential. With nearly 30 years of experience in the industry with Commonwealth Bank as well as a number of other highly regarded financial services institutions throughout Perth and Western Australia as a whole, Darren is able to bring exceptional insight and expertise to his critical leadership role with Synergy Financial Solutions.

Ken Shipp/DOE PhotoDarren is a graduate of Deakin University, where he earned his diploma of financial planning. A firm believer in the benefits inherent in a commitment to taking advantage of further educational opportunities, Darren has since secured his Certificate IV in mortgage broking from Kaplan and is currently at work on his Masters of Finance and Banking from Edith Cowan University. Along with his laudable academic record, Darren has also been recognized for his work in the independent financial planning sector and was named the 2012 Member of the Year by the Association of Independently Owned Financial Planners.

An experienced senior manager who has spent the entirety of his career in positions of leadership in the financial services industry, Darren has also been a tireless supporter and advocate of the aged-care sector. During his time away from Synergy Financial Solutions, Darren is likely to be volunteering for a number of important causes and can often be found engaged in a variety of activities alongside nursing home residents.