Inventory has unlimited potential to grow – even when you think it’s being managed, stocktakes often throw up surprises. Often when I question large stock holding with clients I’m told that one cannot sell that which they do not have. A relationship is perceived between the size of the inventory and the number of sales. […]
Inventory Can Be A Curse If Not Managed 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 »
Starting and building a business is often described as a journey. Like all worthwhile journeys, it has its ups and downs. It’s inevitable that along the way, we’re going to make some mistakes. Most of the time that’s okay – after all, making mistakes contributes to our greatest learning. However, it is also true that
Ten Blunders That Might Sink Your Small Business Read More »
If You Can’t Measure It, You Can’t Manage It Yes, it’s a well-worn business cliché, but the thing about such statements is they only become clichés if they are around for a long time. And the only reason this particular statement has been around for a long time is it’s so true! To allow a
5 Steps to Developing Practical KPIs Read More »
I am a passionate follower of many sports and as I watch the great teams square off against each other, I can’t help but notice how similar a professional sports team is to the businesses that I work with every day. So I asked myself; what turns a good team into a great team? I
3 Traits of Great Teams! Read More »
In a new business, the first flush of success is very exciting. When sales start to increase and opportunities begin to emerge on the horizon, it is natural for the business owner to start thinking of expansion. However, unplanned growth, especially if it is rapid, can seriously destabilise your business. You can avoid the pitfall
7 Things You Must Consider In Planning Your Business Growth Read More »
To quote Peter Drucker, “Management is about doing things right, Leadership is about doing the right things”. A leader provides direction (short and long range focus) and answers the “What and why?” (a manger answers the ‘how to’). Leaders provide the strategic direction of an organisation (where to play and how to win) and establish
Be A Leader To Create More Profits Read More »