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Team building exercises

While hiring a group of people that work well in a team isn’t always easy, when you do, it can result in a more effective, productive and overall more successful workforce.

To create a strong team of workers, some businesses turn to setting aside a day to undertake team building exercises to rally everyone together and break down communication barriers, overcome shyness, build confidence in one another and overall unite everyone together.

Before engaging in team building exercises, businesses first need to establish the goal they wish to achieve from engaging in such activities. Many employers plan activities with no goal in mind, which often results in employees reverting back to their standard behaviour after the day of fun and games.

Examples of team building goals include overcoming conflict, improving communication, encouraging collaboration or even simply getting to know one another better.

Businesses also need to consider the type of team building exercises they would like to conduct to determine whether they need to set aside an entire day, half a day or even just a few hours to build a strong team of workers.

Location is also very important – is there enough space in the office to engage in team building exercises or will you need a larger area, like an outdoor field. Consider also whether you will need equipment and if employees will need to bring a spare change of clothes. Some employees may not be able to participate if they are wearing suits or heels.

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Basics of SMSF investing

January 21, 2021

Setting up an SMSF fund is the simplest step. Establishing a fund which delivers you consistent returns from your investments is much more difficult.

Investing successfully involves determining precise goals and picking investments which will effectively achieve those goals. The advantage of SMSFs is that you can build a portfolio which reflects your short-term and long-term goals in response to changing market conditions.

In an SMSF fund, your investment options are:

Before you begin investing, consider what might be the best way to diversify your portfolio. How you portion your investments will depend on your funds, the market, and your goals. Regardless of what your plan is, diversification should be a priority.

Choosing an SMSF as opposed to an industry or retail super fund provides you with more flexibility, but also with more responsibility. Researching before investing is key if you want the best out of your SMSF.