If you’re like most people you don’t think there’s enough hours in the day to do everything you want to do. We all have the same 1440 minutes to fill, but some people seem to achieve so much in those minutes than other people. How? They simply use things that make themselves more productive, [...]
The major difference between really successful businesses and unsuccessful businesses is that the business owner and/or the team is prepared to make decisions and take action. It is very easy to be distracted by all the doom and gloom, but really in survival of the fittest it is those who are quick to adapt that [...]
The business world in this millennium is certainly one that is forever changing and in some cases the old tried and tested business models that owners have relied on in the past are just not delivering the growth, profit, customer or staff satisfaction or shareholder returns that they used to. In order to keep on [...]
Whether you’re setting up a business plan for a new business venture or are compiling a business development plan for an existing business it’s important to undertake a SWOT analysis. Part of a SWOT analysis is to minimise weaknesses in a business and one thing that is overlooked is how diverse the business is. An [...]
Many people start a business in order to achieve financial freedom, but instead may end up with less freedom and more stress! Many assumptions can be made before going into business which is why the first question you need to ask yourself is what are you hoping to achieve? Financial freedom can mean totally different [...]
If you know that you are going to want to sell your business you need to start having that conversation with your business advisor and/or accountant at least 2-4 years before you want to sell. As it takes on average between 6-12 months to actually sell a business, this allows you plenty of time to [...]
A succession plan isn’t a one fit all plan it has to be individually tailored to each company. It also needs to be regularly reviewed as the business evolves as well as the roles of key personnel &/or partners within the company. Succession planning isn’t just for the director of the company, there should be [...]
We all know that running a business means encountering some degree of risk, that doesn’t mean that the risks can’t be minimised however. Welcome to the world of risk management. A Risk Management Plan is exactly what it sounds like, a way to manage risk within your business. There are a number of different business [...]
