In early August, when Kristy Fraser-Kirk launched her $37 million sexual harassment case against David Jones and former CEO Mark McInnes, companies across Australia were forced to sit up and take notice.

Immediately, the mud-slinging began: ‘She’s asking too much’, ‘It’s all a publicity stunt’, and so on, but without such a huge amount tabled, would this case have been just another sexual harassment  story briefly noted then swept aside by the never-ending tide of breaking news?

The real issue here is that Fraser-Kirk claims the board knew that McInnes was a bully and sexual harasser but that they did nothing to protect her, thereby failing in their duty of care. And that is the crunch for many employees, both male and female, who find themselves in this situation but have no-one to turn to for support.  If the perpetrator is high up, or actually part of the Human Resources Department, how can the person being bullied or harassed get their claims heard?

Peter Wilson, president of the Human Resources Institute, describes sexual harassment as ‘a cancer’ in Australian workplaces and has urged companies to employ independent agencies where harassed employees can go to frankly discuss their concerns.  However, it doesn’t appear that big business agrees.  Myer, Westpac, Telstra and Qantas have all stated that their internal policies are adequate for handling any employee claim.

Perhaps the rejection of an external sounding board, excuse the pun, is partly due to wanting to keep any such ‘dirty’ matters in house, or maybe it’s related to cost.  But with the Fraser-Kirk lawsuit proceeding before the court, business is about to find out just how expensive ignoring an employee’s complaints really can be.

Makes a good case for Management Liability insurance. Whilst it won’t solve the problem – it might ease the pain.

Like you, I’m a small business owner and a service provider. Most of my clients are small business owners, but Obamanomics will impact us all regardless of company size, manufacturer or service provider.

Like it or not the American consumer drives the world economy. They buy stuff that keeps factories in China running 24/7. Clothes, computers, large-screen TVs – all made off American shores, mostly in Asia. The trade deficit between the U.S. and China has always been lop-sided, and now, the U.S. owes the Chinese government two trillion dollars. A child born in the U.S. today OWES approximately $36,540 at birth!

The U.S. has become a debtor nation, in effect, the world’s largest banana republic.

And this has thinking Americans worried. U.S unemployment is running at around 10%. Unlike us Aussie spenders, America has become a nation of scrimpers and savers, not buyers. Many are running scared, afraid of losing their jobs. Every American knows someone who’s been laid off or down-sized and that has a sobering effect on the buying, spending and saving habits of the largest consumer society in the world.

(Were it not for the Rudd socialist stimulus packages I suspect I would be writing this about Australia. But that article will come later this year after more interest rate rises and those holiday spending credit card bills hit home.)

Where Obama Went Wrong

Read the article here

It would be nice to just coast into 2010 thankful to have survived. However, those who succeed in the second decade must not relax, but plan. You must take the time to plan what your business will look like in the coming year, the next three years and the next five years.

Twelve months to Recovery

Your initial plan should be only twelve months long, but it must be comprehensive. Look at all aspects of your business. Do you have the number of employees you need and are they performing the job that your require? Consider if you would benefit from a renegotiation with your suppliers. Develop a plan to keep your current customers happy and get new ones. Create a calendar of speeches, articles and appearances to keep your businesses name in the forefront of the market.  Write down the advantages and disadvantages you have against your competition and combat them. Take a fresh look at your offices and consider how to update and refresh them. The last month of the decade is not a time to look back, but a time to look forward.

Five years will seem like a dream

Five years from now we’ll all look back on this year’s recession and say, “I remember when…”. Can you imagine what your business will look like in five years?  What do you want it to look like? Be honest. Is your goal survival or growth?  How will you get there? How many employees will you need?  Will you need more space?  Less?  What will your technological requirements be? How will you finance your plans? Perhaps retirement is in your plan or you have children to put through university.

What has to happen to your business to make your personal goals happen? If your business is still successful, will you continue in it, or sell? How much involvement do you want to have in your business at that point in your life?  Do you still want to be hands-on in every detail, or could you restructure your business to allow more time for fishing? It’s never too soon to think long term.

While everyone else has a holiday focus it’s a great time to plan.

Barack Obama was elected on a platform of change. And Washington was ready for change after eight years of the Bush Administration’s mucking up on the world stage.

The war in Iraq, the war in Afghanistan – despite the deep tragedy the world experienced on September 11, 2001 (and indeed, it was a world tragedy), we aren’t any safer. We aren’t any better off and, in fact, the financials are scary despite recent, sustained gains in the larger stock markets.

U.S. unemployment reached the symbolic 10% level, coming in at 10.7% in the last quarter.

It was a little over a year ago that Lehman Brothers announced it was defaulting on its debts and received and immediate infusion of government bailout money.

Insurance giant, AIG, also announced it was facing bankruptcy. AIG insures all of the home mortgages in default in the U.S. The feds pumped in an instant $80 billion to prop up a company that was “too large to fail.” So much for free economy.

The fact is, the US Government cherry-picked which companies would survive with federal loans, subsidies and tax breaks. When Merrill-Lynch came, hat in hand, they refused to bail out this commercial lender and the company collapsed under the weight of its own debt.

Read the whole article here

We find ourselves living in interesting economic times.

Unprecedented. Global. And affecting small and large businesses equally. Until now, you’ve weathered the storm using your experience, judgment and instincts that have never lead you astray. But now what?

You’re facing an economy that’s stalled, credit that’s locked up tighter than a bank vault and clients and customers seeking ways to cut back. Perhaps it’s time to bring in some outside help. Perhaps you need an impartial view. Perhaps you’re simply too close to the problem.

A good business consultant takes a fresh look at procedures and policies to inject new life into entrenched business practices. However, what worked 12 months ago is already out of date. Times have changed, and quickly.

Small business owners may be reluctant to incur the expense of an outside advisor. Qualified mentors are, indeed, expensive – and for good reason. They deliver solutions and benefits that far outweigh the capital outlay for services rendered. The key is to find the right consultant among the flim-flam artists and snake oil salespeople that populate the consulting industry landscape.

So, what should you look for when you’re looking for innovation and a quantifiable ROI? I make my living helping businesses grow, even in difficult times, so here’s an insider’s perspective on what you need in a business consultant.

Read the whole article here.

Planning is documenting the answers to four questions:

• Where am I now? (Current Situation)
• Where do I want to be? (Objectives)
• How will I get there? (Strategy)
• How will I measure my results? (Milestones)

Current Situation

Describe your business. What does it do? Who works there? How is it structured? Does it have a vision or mission statement? Do you have a marketing plan?

Objectives

What do you want to achieve? How many sales? How much revenue? What is your preferred niche? How do you want to be perceived?

Strategy

How will achieve your objectives? What resources will you need? What steps will you take in what order?

Milestones

What needs to be achieved by when?

Simple isn’t it. So why write it down? Because a written plan allows you to go back and tweak it when necessary. And you might actually get it done – which will put you in front of 60% of business owners.

I was thinking about the impact this might have on my clients when my usual airline passed rising fuel prices on to passengers, yet again.

What can you do if your business involves travel – getting yourself, your message, your goods and services from Point A to Point B?

Is Your Business Ready for Higher Costs?

Raw material prices will rise as the cost of transporting these goods rises. So, even if you don’t maintain a fleet of delivery vans, your business is going to feel the pinch one way or another.

So what can you do to survive in a climate of rising fuel costs that are fueling inflation of all goods and services?

Seven Tips to Help Your Business Survive a Big Oil Crunch

1. If your business employs a number of people, organize a carpool to defray the costs of getting to and from the office.

2. Allow employees to tele-commute. Security encryption software ensures even sensitive data moves seamlessly from home work station to office network.

3. Order early. Whatever your office needs, order early and use the lowest shipping priority available. This is also true of shipping items. Offer clients or customers a slower but lower-cost means of shipment.

4. Use the back office of your company web site to create a Project Board – a page listing all current projects, to whom they’re assigned, uploaded research, message boards – a virtual office. This content management software enables you to track progress on projects from anywhere.

5. Outsource. It’s an ugly word to many small business owners but these are desperate times. And small businesses are going to take the hit first. You can outsource any task – legal, administrative, clerical – whatever the task, someone will do it for less than you’re paying now. If this sounds cruel, consider the alternative.

6. Expand your margins – slowly. Avoid creating “sticker shock” among clients and customers by expanding margins gradually rather than in one big price jump. Increase cost of goods and services slowly – below the level of inflation to create a more stable and accepting client base.

7. Open a VoIP account. Skype, for example, enables you to talk to clients around the world free. It doesn’t replace face time but it’s always good to stay in touch with your regulars, regardless of where they’re located.

The price of fuel may be hurting your business now. Chances are, it’s only going to get worse in the months and years ahead. Now’s the time to reconfigure your business to manage higher fuel prices, higher salaries, insurance, rents, airline tickets and lunch.