Along with the eBook, PSMJ will also be sharing the results from their latest Fees and Pricing Survey. With this resource you can see how your firm’s fees stack up against the competition. be difficult for architecture and engineering businesses to maintain balanced cash flow A successful business will Clickahere to download yourthroughout copy of Thethe A/Eyear. Business Development Bible. always be aware of current cash flow and accounts receivables to enable Recomended reading from Management for Design regular distributions and dividend payments. Invoicing systems and clear payment terms can both help ensure prompt paymenteMag, from clients. Starting from the Winter edition ofto Management for Design’s we’ll beOur clients operate to most 30 dayrelevant payment terms recommending the with latest14 and management books for business leaders inof the architecture, design and engineering industries. 3. Lack reliable systems. A financial management system Keep can beana eye out for the Winter issue. significant asset in understanding the strengths and weaknesses of your business. Strong reliable and up-to-date systems can help you to clearly see your incomings and expenses so that you can react to issues before they arise. Your business will also benefit from the ability to quickly filter financial data by revenue stream so that you can quickly see which areas of thegiven business aren’t on making money. Financial and business Although oneare day,and 8 March, the international calendar, International management systemsacan significantly easeon the administrative burden Women’s Day has created month of reflection the role of women in through automation andsecond efficiency. business as we approach the quarter of the year.
International Women’s Day
4. Thursday Reducing5costs rather than increasing revenues: the ebb and flow of a On March, Management for Design attended the annual project-based workflow can mean between gain International Women’s Day breakfast atfluctuations The Palladium, Crown,financial Southbank, and financial strain. It’s easy to rush toof cut costs in times but along with a number of our guests, ahead the global eventof fordifficulty, International be careful not to cut off valuable revenue streams and / or people at the Women’s Day on Sunday 8 March. All around the world, International Women’s time.the If money is being spentand to stimulate growth thenofthe revenue Day same celebrates economic, political social achievements women, from spending be far valuable. Have a goodthat look whilegenerated focusing world attentioncould on areas stillmore requiring action to ensure at your business development strategiesinand only cutofonce women’s equality is gained and maintained all aspects life. you have analysed what is and isn’t working for your business. The theme for this year’s breakfast tied in with this year’s global ‘Make it 5. Big picture thinking. Profit for the sake of it is all good and well, but Happen’ theme, with the title ‘Does Gender Equality Benefit Us All?’ Panellists sometimes a small profit gain can get in the way of long-term business discussed insights and ideas for action and change, with distinguished success. Always think about the big picture and long-term goals of your speakers including Geraldine Doogue and Judge Frances Millane. The event business — with that financial forecasting you’ve done in mind — before provided a terrific networking opportunity among Melbourne’s business saying yes to projects that will bring in money in the short-term, but that leaders and an opportunity for reflection and engagement surrounding the may ultimately but obstructive to future progress. role of women in business today. The buzz at this year’s breakfast reinforced what Management for Design already know — that with female business leaders on the rise, that glass ceiling is starting to crack. Management for Design is one of a growing number of businesses in Australia with female staff in leadership positions and with a female Director, Gordana Milosevska, at the helm on equal footing with her male counterpart, Robert Peake. Global financial markets are in constant fluctuation, businesses are increasingly At Management for Design believe that business success is amplified operating on a global ratherwe than local scale, and the world around us is a when world men and with women are working together. Working into tandem we have at our in a of pixels, everything going digital. Your ability cope with and thrive disposal of opinion, of your ideasbusiness and a broader changingdiversity marketplace can beincreased the factorvolume that sets apart. skill set for more effective management of all of our service offerings. The IBM Institute for Business Value recently published the results of their Making Change Work study. The study surveyed 1,400 business professionals in Management for Design provides integrated business 48 countries to get a closer look at the way change is met within business and systems and services to the design industry across the impact that attitudeStrategy, to change has on Information company performance. Finance, Technology, Human MANAGEMENT
How embracing change can boost your business
FOR DESIGN
Resource Management and Business Systems.
By working with Management for Design our clients are enabled to focus on what they are great at and to control and build their businesses. For more information visit www.m4d.com.au or phone 03 9645 8834.
