Business - It's Personal

Effective strategy and planning form the building blocks of every business. However, it is often one of the top challenges that leaders face. Failure to optimise your business can lead to a decrease in both the bottom line and value potential.

04/06/2020 Owners and managers of privately owned businesses are no strangers to overcoming challenges, but Covid-19 has created unprecedented issues that even the most experienced leaders are unsure how to handle. One of the most frequently asked questions in recent weeks has been, “What happens if I am suddenly unable to manage the business for a period of time? And how can I ensure business continuity during my absence?

19/03/2020 As we all know, the Covid-19 pandemic is a very serious threat to the health and wellbeing of people throughout the world. The spread of the virus, as well as efforts to contain it, are now significantly impacting our daily lives. The priority must be to take all actions required to mitigate the effect of the pandemic and protect our people. We must also acknowledge the inevitable knock-on effect of major economic uncertainty, which hugely impacts privately-owned businesses.

While most business owners understand the importance of planning how they will exit their business, the time invested in it does not always get the attention it deserves due to the demands of daily operations.

For all the good that growth can deliver, many medium-sized businesses come to a point where it can begin to negatively impact processes, management and employees.

Exporting your medium-sized business abroad can create significant growth opportunities, yet many are reluctant to venture out of their home market. Despite world trade increasing 38-fold over the last 60 years, only a small proportion of all businesses export abroad. In the UK, for example, just one in ten businesses export, while in the US that number plummets to one in 100.

Running a business comes with many demands, big and small, and requires focus and attention on various areas. As a result, focus can be heavily placed on the day to day tasks while the long-term planning is pushed to the side.

As an owner, selling your business is one of the most important decisions you will make. Having invested energy, time, effort and money building your business, you want to make sure that when the time comes, you receive the maximum return.