The Future is what you make of it!

James Law’s - Etesian Group

You can find the Etesian Group at www.etesiangroup.com.au

Contact James Law on 0409 199 547

I can also be found on Twitter and LinkedIn

Location – Perth Western Australia

Client base includes Western Australia, South Australia and Northern Territory.

Australia’s multi-speed economy……..

A great deal has been written about Australia’s two speed economy. The reality is that there are many sections to Australia’s economy and stating that it is two speed is almost certainly an oversimplification. Look at the differing performances being exhibited by mining, manufacturing, building, hospitality, tourism and agriculture. Within those categories think about the differences between residential building and commercial building, not to mention regional hospitality and hospitality within the major cities. After that we have the great divide between W.A and Queensland (and potentially in the future NT) and the other States, particularly N.S.W., Victoria and Tasmania.

What underpins these vast gulfs? Is it mining? Is it distance or funding?

Maybe its just attitude?

A few years ago I asked one of my son’s friends what he wanted to do when he left school? He responded that he wasn’t sure. They hadn’t invented it yet. What a fantastically open minded and optimistic attitude! The embodiment of “anything is possible!”

The former States seem to have a can do attitude which does not seem as prevalent in the other States. Today, more than ever before anything is possible. If you can imagine it, you can probably make it happen. How? That’s the thing, isn’t it? You’ve got to outline the concept, plan how to make it a reality, effectively project manage every part of it, eliminating the objections, hazards and obstacles to make it happen. You also have to be able to measure every part of it effectively so you can be sure the project is on track, and that when it becomes a reality the measurement facilitates proper management thereby ensuring the best possible results. Everyone agrees with this part. Where it breaks down is when you start to ask…”So what’s this going to cost?” That’s where we start to lose people. The next time we see them is when they come back to us with a problem. Usually the problem is about commercial survival. Unfortunately when they come back it’s often too late. The number of times people say to me, “I wish I’d come to see you 12 months ago!”

The only certainty about the future is that it can be exciting and offers enormous opportunity.

The only certainty about now is that we all need to be as professional as possible. We need to measure our performance to the best of our ability. The reason we have a multi speed economy is because it is undergoing fundamental change. To survive you have to be able to understand your businesses fundamentals, measure them proactively and strategize the future effectively.

Don’t wait until it’s too late, call me now for a free business health check, 0409 199 547.

“God is with those who patiently persevere”- The Koran (2:153)

Cheers

James Law

0409 199 547