An overview of last week’s (12 – 16 Sep) business news brought to you by Opulence College (RTO 45644, CRICOS 03878K)
Are you too busy to keep up with the news everyday? Is all the jargon and technical terms on the news confusing you?
Every Monday, we will summarize the previous week’s main business news in a nutshell.
Comment below for any content that you want to find out in more detail, we may prepare a special corner for it!
𝗢𝗽𝘂𝗹𝗲𝗻𝗰𝗲 𝗖𝗼𝗹𝗹𝗲𝗴𝗲
CRICOS 03878K | RTO 45644
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Phone: (+61) 261 018 650
Email: enquiry.act@opc.edu.au
Website: https://opc.edu.au
Canberra campus: Mezzanine Level, 15 Moore Street, Canberra ACT 2601
Melbourne campus: Suite 802, Level 8, 474 Flinders St, Melbourne VIC 3000
A sustainable approach to business is vital for its positive environmental effects and on top of that, it contributes to a business’s overall financial success over the long term. Here are some common sustainability strategies that most companies can implement.
1. Go paperless
Becoming a paperless business is a great way to reduce a business’s carbon footprint. Implementing this strategy can never be more accessible thanks to the rise of technology now a days. There are many technological solutions for replacing paper, and a good example would be using accounting software for paperless billing.
2. Conduct ethical procurement
Being sustainable is not only about the business but also its suppliers and the corresponding practices. Maintaining a stable and long-lasting relationship with ethical suppliers is always an excellent approach to promoting sustainability.
3. Stop over-production
Many businesses suffer from overproduction as a primary outcome of an imbalance between supply and demand. Excessive procurement and stagnating stock levels are all contributors to excess waste. Again, modern intelligence software specialized in efficiency analysis and forecasting helps limit overproduction effectively.
Source: Indeed
𝗢𝗽𝘂𝗹𝗲𝗻𝗰𝗲 𝗖𝗼𝗹𝗹𝗲𝗴𝗲
CRICOS 03878K | RTO 45644
————————
Phone: (+61) 261 018 650
Email: enquiry.act@opc.edu.au
Website: https://opc.edu.au
Canberra campus: Mezzanine Level, 15 Moore Street, Canberra ACT 2601
Melbourne campus: Suite 802, Level 8, 474 Flinders St, Melbourne VIC 3000
Have you ever struggled to answer the question asking your greatest weakness during the interview? Framing your weaknesses positively helps you to stand out from other job applicants. The key to preparing for this question is to identify weaknesses that still communicate strengths. Here are a few examples you should mention in an interview:
1. I am too detail-orientated Focus on the details is good, but spending too much time might consider a weakness. Make sure you bring up how you’re improving in this area in the interview, and it is impressive to have a candidate who assures quality and strives for balance.
2. It is hard for me to let go of a project Some people tend to over-criticize their work or attempt last-minute modifications. If this is your case, share how you’re striving to improve by giving yourself a deadline for all revisions but not pushing everything to the last minute.
3. I sometimes lack confidence Lack of confidence is a very common weakness among entry-level contributors. For example, you might feel unqualified to speak up at an important meeting even though your proposed idea might help the team to achieve the goal. Remember to mention the ways you have practiced displaying confidence in the workplace if you choose to present this weakness in the interview.
Source: Indeed
𝗢𝗽𝘂𝗹𝗲𝗻𝗰𝗲 𝗖𝗼𝗹𝗹𝗲𝗴𝗲
CRICOS 03878K | RTO 45644
————————
Phone: (+61) 261 018 650
Email: enquiry.act@opc.edu.au
Website: https://opc.edu.au
Canberra campus: Mezzanine Level, 15 Moore Street, Canberra ACT 2601
Melbourne campus: Suite 802, Level 8, 474 Flinders St, Melbourne VIC 3000
A salary negotiation email is used when you would like to negotiate the initially offered salary of a particular role. People may easily get stressed when talking about salary but knowing how to negotiate is always a plus. Here are some tips when composing a salary negotiation email:
1. Keep it personal Always include the full name of the person you’re addressing the email to. This can be the hiring manager for a new job or your current manager if you’re seeking a negotiation in your current role.
2. Clarify the subject tittle Make your subject line relevant such as “Response to your offer of sales manager position,” but remember not to include salary. You can start to get to that in the body of the email.
3. Be specific about the amount Make sure you have a specific number or range of the expected salary before starting negotiations. Be upfront so that both parties know if it is possible to progress.
4. Highlight your experience and qualification It is an excellent opportunity to show your worth and value. Think about five or six things you may outperform others and put them into detail with specific examples.
5. End with positive language It is always a good idea to end the email by reiterating your genuine interest in the role. In this way, the employer knows it’s worthwhile to try to make your request work. Nothing is impossible!
Source: Indeed
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𝗢𝗽𝘂𝗹𝗲𝗻𝗰𝗲 𝗖𝗼𝗹𝗹𝗲𝗴𝗲
CRICOS 03878K | RTO 45644
————————
Phone: (+61) 261 018 650
Email: enquiry.act@opc.edu.au
Website: https://opc.edu.au
Canberra campus: Mezzanine Level, 15 Moore Street, Canberra ACT 2601
Melbourne campus: Suite 802, Level 8, 474 Flinders St, Melbourne VIC 3000
Working from home has been a trend for many companies due to the continued spread of COVID-19. While it can seem like a simple transition, working from home can be challenging and distracting. Here are some valuable tips for boosting productivity:
1. Dress up for work It is always a good idea to set boundaries between working and living at home by maintaining your regular morning routine. Getting your brain in productivity mode can be difficult if you stay dressed for sleep. Therefore, dressing for the tasks can bring motivation and be handy in case of unexpected video meetings.
2. Set up a schedule and make it work Make sure you set your working hours separate from your personal time and let your manager and the team know when your working hours are. Remember to build in regular breaks to get some fresh air and rest your brain.
3. Create a workplace Create a separate working space at home if possible since it can boost your productivity when working in a designated area. In addition, communicate with everyone in the house and let them know you are off-limits during your scheduled work hours.
4. Pay attention to burn-out Try to focus more on what you achieve instead of how much you work to reduce the feeling of being overworked. Creating work start and end rituals is helpful. For instance, shut down your computer at the end of the day or avoid opening your email or online chat after you decide to sign off.
Source: Indeed
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𝗢𝗽𝘂𝗹𝗲𝗻𝗰𝗲 𝗖𝗼𝗹𝗹𝗲𝗴𝗲
CRICOS 03878K | RTO 45644
————————
Phone: (+61) 261 018 650
Email: enquiry.act@opc.edu.au
Website: https://opc.edu.au
Canberra campus: Mezzanine Level, 15 Moore Street, Canberra ACT 2601
Melbourne campus: Suite 802, Level 8, 474 Flinders St, Melbourne VIC 3000
Are you considering expanding your skills and knowledge to a different career? Perhaps you are ready to try something different or due to some unforeseen circumstances. No matter what the reason is, here are some tips for you to get started.
1. Short courses Short courses are an excellent way to help you develop new skills in an informal setting and get back on track if you haven’t studied in a while. Short course providers include Adult and Community Education at TAFE, universities, community centres, etc.
2. Vocational and Education Training (VET) VET provides a range of workplace-specific skills and knowledge to meet the needs of employers and the industry. By completing VET courses, you can receive nationally accredited qualifications ranging from Certificate I to Diploma level.
3. Adult apprenticeships and traineeships Australian Apprenticeships are highly user-friendly as it is available to all of working age, and no pre-qualification is required. Apprenticeships often combine time at work with training, and more than 500 occupations are available around Australia.
4. Higher Education A university qualification is always a good option for guiding you to learn new knowledge, including bridging courses. However, this pathway requires more prerequisites in comparison to the previous options. Therefore, conducting thorough research about the right entry-level skills is worthwhile before applying.
Source: Myfuture
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𝗢𝗽𝘂𝗹𝗲𝗻𝗰𝗲 𝗖𝗼𝗹𝗹𝗲𝗴𝗲
CRICOS 03878K | RTO 45644
————————
Phone: (+61) 261 018 650
Email: enquiry.act@opc.edu.au
Website: https://opc.edu.au
Canberra campus: Mezzanine Level, 15 Moore Street, Canberra ACT 2601
Melbourne campus: Suite 802, Level 8, 474 Flinders St, Melbourne VIC 3000
Many people struggle to find a balance between working and personal lives. An excellent work-life integration can help you choose a system that improves your productivity and raises your satisfaction. Here are some tips for you!
𝟭. 𝗖𝗼𝗻𝘀𝗶𝗱𝗲𝗿 𝘆𝗼𝘂𝗿 𝗳𝗮𝗺𝗶𝗹𝘆 Always communicate with your family and consider their schedules as you decide how to implement work-life integration into your routine. For example, think about when your partner or children might be available to spend time with you and when they might be busy with their work.
𝟮. 𝗚𝗲𝗻𝗲𝗿𝗮𝘁𝗲 𝘄𝗲𝗲𝗸𝗹𝘆 𝘀𝗰𝗵𝗲𝗱𝘂𝗹𝗲𝘀 Ensure that your weekly schedules are set up so that you can stay on track for work quotas that allow you to see how much spare time you can dedicate to activities outside your job.
𝟯. 𝗦𝗲𝘁 𝘆𝗼𝘂𝗿 𝗯𝗼𝘂𝗻𝗱𝗮𝗿𝗶𝗲𝘀 It is helpful to set boundaries regarding when you work and when you stop working. For instance, you leave some time to exercise once you complete a certain number of tasks.
𝟰. 𝗧𝗿𝘆 𝗱𝗶𝗳𝗳𝗲𝗿𝗲𝗻𝘁 𝘀𝗰𝗵𝗲𝗱𝘂𝗹𝗲𝘀 It is a good idea to try as many schedules as possible to create the most effective integration of work and personal time for your lifestyles. Provide feedback after trying the same type of schedule for a period and see how it works for you.
𝟱. 𝗗𝗲𝗱𝗶𝗰𝗮𝘁𝗲 𝘁𝗶𝗺𝗲 𝘁𝗼 𝗰𝗲𝗿𝘁𝗮𝗶𝗻 𝗮𝗰𝘁𝗶𝘃𝗶𝘁𝗶𝗲𝘀 Save time for family and leisure, which help you relax before returning to your job duties. While it’s essential to meet your career goal, it is also vital for your well-being to spend quality time with loved ones.
Source: Indeed
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Happy Friday everyone!
𝗢𝗽𝘂𝗹𝗲𝗻𝗰𝗲 𝗖𝗼𝗹𝗹𝗲𝗴𝗲
CRICOS 03878K | RTO 45644
————————
Phone: (+61) 261 018 650
Email: enquiry.act@opc.edu.au
Website: https://opc.edu.au
Canberra campus: Mezzanine Level, 15 Moore Street, Canberra ACT 2601
Melbourne campus: Suite 802, Level 8, 474 Flinders St, Melbourne VIC 3000
1. Know your “Why” and “Who” Starting with ‘why you are doing it?’ is one of the most essential things to consider apart from the strategies and plans. It helps you to recognise your initial motivation and final mission. Also, don’t forget to consider your targeted market and your competitors.
2. Start with a business plan A thought-out and comprehensive business plan is a solid foundation for staying focused on your goals and objectives. You can refer to our previous post about Business Model Canvas for some insights.
3. Build a strong network Building strong support for your business is one of the determining factors for your business health. Don’t be afraid or reluctant to build a network with outside professionals who can help you.
4. Manage your cashflow Cash flow is crucial to your business growth. Good cash flow management helps you understand your financial picture to forecast and prepare for challenges and changes and make proper plans.
Source: CHRON
𝗢𝗽𝘂𝗹𝗲𝗻𝗰𝗲 𝗖𝗼𝗹𝗹𝗲𝗴𝗲
CRICOS 03878K | RTO 45644
————————
Phone: (+61) 261 018 650
Email: enquiry.act@opc.edu.au
Website: https://opc.edu.au
Canberra campus: Mezzanine Level, 15 Moore Street, Canberra ACT 2601
Melbourne campus: Suite 802, Level 8, 474 Flinders St, Melbourne VIC 3000
