GA Group

Reboot & Reenergised

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Leader is asked to adapt quickly to survive the Covid-19 crisis, but is it necessary? Ask yourself, what are the company competitive advantages (old skills and tools)? Are they still applicable now? If they are, how do you leverage those old skills in a new way? Some of those old skills and tools are difficult to be replaced, i.e market familiarity, customer data, customer relationship, workforce cohesiveness and assets infrastructure. What are the issues that are holding us back and hindering us to adapt? To navigate through Covid-19 crisis, leaders need to have an overcomer mindset, start to operate with the new rules, maintain brand royalty and reinvent the new business model.

The Overcomer Mindset

  • Confront the fear, counter defensiveness
  • Grounded by the new reality, overcame the denial
  • Learn from failure
  • Apply old skills and reinvent for new customer behaviour
  • Commit a new mandates and reassess performance regularly
  • Be mentored and accountable

The Brand New Rules

  • Believe in your long-term vision
  • Clarify the core value of the company
  • Identify your competitive advantage not easily imitate by competitor
  • Create an action plan to achieve your vision

Brand Royalty in Inelastic World

We are living in the world of inelastic demand. Personalised customer service is one area where businesses could maintain customer royalty without price-slashing. We might be selling a bit less at economic downturns, but making higher return<

New Model As Stimulus to Drive Growth
When it is almost impossible to drive demand quickly, what are the ways to grow your business?

  • Apply old skills in the new way to deliver services more effectively at much lower cost
  • Focus on 20% of your loyal customers to increase sales
  • Selling price based on variable cost by zeroising fixed costs and downsizing your company
  • Hiring the best-talents, eliminate the under-performers
  • Intensify assets performance measurement on inventories and receivables
  • Invest in customer experiences
  • Venture into adjacent business using its excess capacity to build a diverse set of income streams

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How Digital Technology Will Help Your Business Thrive

Xero, a small business accounting platform, believes they know the secret to helping your business thrive during the Covid-19 pandemic. The answer is in their data. Throughout the pandemic, businesses that utilized digital technology had 40% less job losses, and those using digital apps saw revenue decreases that were 12% less than other small businesses.  While focusing on digital technology can be overwhelming for new business owners, it’s also an incredible opportunity. Business owners have the chance to ditch traditional practices and maintain their finances online. With business mostly being done remotely, it\’s critical for new and prospective brands to pay attention to their cash flow at all times so they have a firm grasp on their day-to-day financial situation.   During this webinar, Anna Curzon, the Chief Product Officer at Xero, will share how your business can utilize digital tools, how to prepare for industry rebounds as the Covid-19 vaccine rolls out, and much more. Anna Curzon leads Xero’s product teams, spearheading product management, development, design, and product marketing to bring more exciting Xero features to partners and small businesses. Anna has a wealth of experience in online financial services and operations. Before joining Xero as managing director for New Zealand in 2016, Anna led internet banking at ASB and the digital first strategy at Spark. Anna has a bachelor’s degree and a postgraduate diploma in commerce from the University of Auckland. This article originally from Entrepreneur.com

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Technology

How Digital Technology Will Help Your Business Thrive

Xero, a small business accounting platform, believes they know the secret to helping your business thrive during the Covid-19 pandemic. The answer is in their data. Throughout the pandemic, businesses that utilized digital technology had 40% less job losses, and those using digital apps saw revenue decreases that were 12% less than other small businesses.  While focusing on digital technology can be overwhelming for new business owners, it’s also an incredible opportunity. Business owners have the chance to ditch traditional practices and maintain their finances online. With business mostly being done remotely, it’s critical for new and prospective brands to pay attention to their cash flow at all times so they have a firm grasp on their day-to-day financial situation.   During this webinar, Anna Curzon, the Chief Product Officer at Xero, will share how your business can utilize digital tools, how to prepare for industry rebounds as the Covid-19 vaccine rolls out, and much more. Anna Curzon leads Xero’s product teams, spearheading product management, development, design, and product marketing to bring more exciting Xero features to partners and small businesses. Anna has a wealth of experience in online financial services and operations. Before joining Xero as managing director for New Zealand in 2016, Anna led internet banking at ASB and the digital first strategy at Spark. Anna has a bachelor’s degree and a postgraduate diploma in commerce from the University of Auckland. This article originally from Entrepreneur.com

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Philip Tong

Senior Account Manager

Philip has over 9 years of experience in the accounting field, coverting multiple industries, serving clients in the field from law firms, petrol stations, construction, trading and service industries. He is one of the Xero Certified Advisory and is passionate about leveraging a strong All-in-One accounting to ensure clients digitize their business and increase efficiency.

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