Business News

Business Boot Camp, day three – keeping your finger on the pulse

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by Peter Switzer

Business owners often don’t realise how important it is to keep up with business news. A number of indicators are released monthly such as business confidence and consumer confidence. The Australian Bureau of Statistics, for example, releases information such as monthly retail sales figures, employment numbers and the quarterly consumer price index. All of these indicators can give a snapshot of where the economy is now and where it’s headed.

Of course, no one can predict where the economy will be in a year from today, but keeping up with the news and watching for the indicators allows you to be prepared for what might be lurking around the corner that may affect your business.

What tips do you have for ensuring your business is prepared for what the future may hold?

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Published on: Wednesday, December 22, 2010