About Ali Okailey

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So far has created 40 blog entries.

What is Management Liability Cover and Do You Need it?

Management Liability insurance protects business owners, directors, officers and managers for claims made against them for mismanagement and allegations of wrongdoing. These may include allegations of neglect, errors, omissions, or breaches of workplace legislation or safety regulations.

Risk management for management liability includes understanding and complying with OH&S and anti-discrimination laws, as well as […]

How Good is Your Business Bookkeeping?

Maintaining up-to-date and accurate accounts enables you to see how well your business is performing.

A sound bookkeeping system ensures your financial transactions are put into the right categories of revenue, expenses, assets, liabilities and equity.

Putting your transactions into their correct ‘slots’ enables you to produce accurate financial reports, create budgets and develop […]

Social Engineering Scams and How to Guard Against Them

Social engineering is the art of tricking people into offering up private and sensitive information. Once scammers have personal information, they can steal identities, use passwords, and even empty bank accounts.

Social engineers work by playing on human weaknesses – such as trust, greed, compassion, curiosity or fear. Scams will often come in the […]

Attributes of Entrepreneurs Who Change the World

Some people just seem to have a knack for getting things done. Not just everyday things – but extraordinary and innovative things, such as you see with the Bill Gates’ and the Richard Bransons of the world.

So, what are some of the general characteristics of successful entrepreneurs who shake things up and change […]

5 Tips for Beating Procrastination in a Home-Based Business

Many people who work from home will be familiar with procrastination – the putting-off of something that needs doing in favour of something else, or even nothing at all!

Procrastination is a time and money eater. It also causes anxiety and stress. So why do we do it? Procrastination appears to be a natural […]

5 Ways to Reduce Staff Turnover in Your Business

Staff turnover is costly to business. When a staff member leaves your organisation, you need to spend time and money finding a suitable replacement, negotiating a contract, and training them in the position, all on top of making termination payments to the outgoing employee.

So, what can you do to reduce the risk of […]

Tips for Protecting Your Business from Ransomware

Ransomware is malicious software that hijacks your system or data until you pay a ransom to online attackers to get it back.

Symantec estimates that attackers can make $5 million or more a year through ransomware. This is because some business owners prefer to pay what might seem a relatively small fee to get […]

Risk Management in the Construction Industry

Construction is risky business. In 2017, the construction industry was just behind transport, postal, warehousing and agriculture, forestry and fishing for the number of workplace deaths, according to Safe Work Australia statistics.

Falling from height was the most common cause of all deaths, followed by vehicle collisions, electrocution, and being hit by moving or […]

People and SMEs – An Overview of HR Requirements

If you employ people in your business, you need to be aware of your legal obligations and requirements around human resource (HR) management.

Here are some of the things to consider:

Type of employment you are offering – whether full-time, part-time, casual, temporary, contractor, or under a traineeship or apprenticeship. It’s important to be […]

Are You Ever Too Young or Too Old to be an Entrepreneur?

What do you think of when you hear the word ‘entrepreneur’? A geeky kid developing software from their parents’ garage? Or do you think of an older person with lots of experience under their belt?

The fact is, there is no ‘ideal’ age to start up your own business, and successful entrepreneurs range in […]