04/02/2010 by adminbandit
Before I started out in business I did a lot of research so that I had some idea of what I was doing. I remember reading a lot about why we need business plans and/or strategic plans. It all made perfect sense. We need to know where we are going so that we can plan a way to get there. Good. Let’s go…
It is only now that I have been in business for a while that I notice something missing in the planning process. There was no real reference to a need for business owners to plan for their personal and professional development. Does that seem odd to you?
If we take the time to plan where we are going and how we intend to get there, why are we not looking at ourselves and assessing whether or not we have the necessary skills and knowledge to allow us to succeed? The trouble is that if we don’t do it at the beginning we may never do it. Once your business has begun there will be a lot to keep you busy and keeping track of your skill level is not usually something you will think about.
The difference between success and failure might all come down to you as an individual. If you don’t have the skills, knowledge and personal qualities needed by people in your area of business then you should go out and get them. By building in some form of personal assessment into your business plan you will be reminded to stop and take a good look at yourself. Remember that even though you may have been up-to-date when you started out, things change over time and you need to keep up.
Next time I will show you some of the differences between personal and professional development and how they impact on your business.

Here’s to treasurer software…
Posted in business skills, personal growth | Tagged business planning, personal development, professional development | Leave a Comment »
01/10/2009 by adminbandit
This week I had the privilege to attend a Master Entrepreneur workshop being run by MAW Action. The format was five round tables of us participants and twenty minutes spent with an entrepreneur who had built a successful global business and then sold it. After twenty minutes the entrepreneur would then move to the next table. Speed dating an entrepreneur was the style of it. They had all read questionnaires submitted by us so moulded their wisdom in the light of the information we had provided about our businesses. We then had opportunity to ask questions. Here are four things Brand Hoff (Tower Software) he has written across the top of his computer screen:-
- People – right people = committed and believe in what you are wanting to achieve.
- Model – win/win business model, better than your competitors
- Value – build in the company ie. brand, credibility
- Execute – build on the foundation of the other three. Do it!
Other gems from him were:
- Have monthly board meetings to look at the big picture
- Be a leading organisation in thought leadership ie. make sure people follow
- Branch into associated products
- Business plans are mostly for the owner to decide if it is realistic
- Only borrow up to the amount of receivables
- If you get a large injection of funds eg.from investor or grant, budget the amount over 24 months
- An investor brings outside eyes to the business.
After the speed dating, there was opportunity for networking and Mary Anne provided each participant with a “Next Actions” sheet based on our questionnaire answers. In some cases that involved meeting up with someone in the room. Each master entrepreneur will now commit to mentoring a participant (or two).
The information shared on the day was very helpful. Mary Anne is partnering with a large accounting firm to roll the program out across Australia. If you hear of this program in your area, take the opportunity to participate and learn from the masters who have been there and done that. I certainly have taken away a lot of practical tips to help me build Admin Bandit to be the industry standard treasurer software for volunteers in the community sector.

Here’s to volunteer treasurer software…
Posted in business ideas, business skills, treasurer, volunteer | 1 Comment »
11/09/2009 by adminbandit
After winning a Macbook Air in a Twitter competition I was on a high!

Dr Greg Chapman of Empower Business Solutions – Australian Business Coaching was working on increasing traffic to his very educational small business blog. He offered the best three comments on his blog during the month an HP Officejet Pro 8500 Wireless All-in-One printer valued at $499. A few weeks after the exciting news of the Kayako competition win, I was delighted to receive notice that I had won this fantastic multi-function printer! Wow, a completely new office set up!
It has been very cathartic re-arranging my office, re-mapping computers to printers and re-organising what is plugged in where. Have even freed up a double adapter and two extension cords. Thank you to Australian Small Business Blog and to HP for sponsoring such a great prize. The printing is great quality and it is great having it all in one with a flat bed scanner as well.
Have you run competitions to drive traffic to your blog? If so, would be interested to hear how it went?

Here’s to volunteer treasurers..
Posted in business ideas, marketing, public relations | Tagged blogging, prizes, small business | Leave a Comment »
16/07/2009 by adminbandit
No, I’m not kidding. The amazing Amanda over at Real Mums has created a recipe e-book for making a chocolate cake in a mug as the quickest, easiest and most indulgent way to spoil yourself.
Most recipes you just need a good sized mug, a dessert spoon and a microwave (& of course the ingredients) and are ready for eating in under 10 minutes. If you want to get particularly fancy some also involve a spot of alcohol! Looking forward to trying those ones.
Although I’m currently on a diet, I am loathe to recommend something without experiencing it first. As a result, I made the sacrifice and tried the Chocolate Mug Cake on page 4. YUM!!!!!!!!!! Not only do these recipes save you time in preparation and cleaning up but they tantalise the taste buds too! A triple whammy. If you are a volunteer treasurer you could prepare a mug cake for your next committee meeting and torment the rest of the executive.
So get on over and download the Real Mums Chocolate Mug Cake Recipe E-book and try out the recipes. Would love to hear how your taste buds enjoyed the experience.

Here’s to volunteer treasurer software..
Posted in business ideas, personal growth | Tagged mug cakes, realmums, yum | Leave a Comment »