Not all small business owners want their businesses for a lifetime. Many are keen to build value in a business and sell it off so that they can move on to other endeavours. But, even if your business has been your entire career, when you get to retirement age, you’ll still be looking to sell. […]
Someday, You Might Want To Sell Your Business Read More »
It doesn’t matter if your business is a local start-up or a multi-national giant, when it comes to the management of your cash flow and your profit, you share the same concerns. It is vital to understand the difference between cash flow and profits, as well as that they don’t necessarily coincide. It may seem
The Big Difference Between Profit and Cash Read More »
Analysing common financial ratios in your business provides you with insights and perspectives that enable you to better determine the actual performance of your business, be clear about its current condition and make better projections. It is a way of gathering facts to inform your next moves, rather than forging ahead on the basis of
Understanding The Common Business Financial Ratios Read More »
The choice of a supplier for your business is a task that should not be taken lightly. If at any point your supplier does not ‘come through’, your business activities will be halted, and your ability to meet the needs of your customers will be compromised. An unhappy customer is equivalent to an ailing business.
Choose A Supplier The Way You’re Chosen Read More »
It would be hard to find a small business owner who doesn’t have plans, even big plans, for their business. However, those that truly have a vision for their business are harder to come by. While the intention of your marketing and business development plans are to propel you into brighter future, they don’t constitute
Have You Actually Got A Vision For Your Business? Read More »
Too often you will hear small business owners saying that they’re far too busy running their businesses to properly take note of what their competition is doing. As a business owner you are always going to be ‘too busy’. The reality is that competitive analysis is a far-sighted, strategic process that should not be ignored
How Competitive Analysis Helps Small Businesses Read More »
All business owners need to understand the implications of today’s skills shortage. It is an important indicator that the ways we hire, develop, manage, renumerate and meet the aspirations of our people have to change, and so does the way we run our businesses. Most developed countries sit in the same boat with an aging
The Changing Workforce Read More »
We have long known how essential listening to your customers is. The principle evolved over time and was christened ‘Relationship Marketing.’ This remains one of the most successful ways of growing a lasting relationship with your customers. Relationship Marketing is the trending principle in the business circles. Marketers and small business owners are being advised
Marketing Tip – Implementing One-2-One Marketing Read More »
Too often you will hear small business owners saying that they’re far too busy running their businesses to properly take note of what their competition is doing. As a business owner you are always going to be ‘too busy’. The reality is that competitive analysis is a far-sighted, strategic process that should not be ignored
How Competitive Analysis Helps Small Businesses Read More »
If you’re a small business owner who thinks that planning for disaster recovery is for the big corporations, think again! Research from U.S.A and U.K. shows those disasters causing disruptions of operations for ten days or more or a total loss of data result in less than 10% of small businesses actually surviving. Some limp
Why Small Businesses Also Have To Think About Disaster Recovery Read More »