Small and Medium Sized Businesses (SMEs) are major employers. While large corporations are more likely to make the headlines for their employment practice, SMEs actually employ a higher percentage of the workforce. Many people associate working for an SME with a better working environment and less stress – but there can also be downsides. For […]
Strategic Planning
Prepare for Unexpected Changes: 6 Tips to Manage Financial Risk
If we learned anything in 2020 it was that every business should plan for the unprecedented and the unthinkable. Whether your business struggled to survive, or actually thrived and grew due to the unexpected opportunities that the situation created, now is a great time to carry out a review of potential risks for the future […]
Pandemic-Proof Survival Guide For Small Businesses
In these uncertain times, there is no room for small businesses to remain complacent because in one harsh blow, your company can be the next casualty given the current economic situation. As most businesses are struggling to survive, many have realized the importance of resourcefulness and creativity to stay relevant. While it might not be […]
How Will UK Businesses Perform After Brexit?
Brexit may have taken a backseat in the news during the pandemic, but it is very much still happening and the business landscape in the UK is already changing. The UK officially left the EU on January 31st 2020 with a trade deal being struck on December 24th, which was welcome news by UK business […]
Don’t Innovate From Want–Do It From Need
Most innovations come from responding to a customer’s needs, or finding a niche where products need improvement or extension. It is rare to innovate using a blank sheet of paper in a room with bare walls and no other contributors. A thought exercise Imagine the room in which several graduate business school student groups have […]
How to Write a Project Risk Assessment
Life rarely follows the path that we want it to when it comes to projects. You might plan for every stage of the project and every penny spent but then something will come along and completely change everything. A good project risk assessment, however, can be a great tool when it comes to preparing for […]
Learn From New Venture Trials & Tribulations
Entrepreneurs seem more quickly frustrated these days when their “million-dollar idea” doesn’t turn into a sustainable business overnight. They don’t realize that it takes many skills to build a business under the best of circumstances, and today’s world of instant gratification doesn’t leave room for the patience and practice to develop these skills. Successful sports […]
5 Steps to Post-COVID Business Success
All the major sectors of the economy have been adversely affected by the COVID-19 pandemic. The current crisis has necessitated changes in the way businesses operate. A recent study has shown that over 90% of business owners believe that the disease will affect them negatively. However, experts maintain that the adverse effects of coronavirus are […]
What Would Happen to the Business if You Die, Leave or Are Disabled?
Yes, we’re invincible when young When we are young and early in our business lives, we feel infallible to the degree that we do not think of what might happen if we die while in office or decide to leave the company for any reason. Such thoughts just do not occur to most of us […]
Ensure Your Small Business Always Meets Targets
Pexels – CCO Licence All businesses rely on meeting their targets to achieve commercial success. For smaller firms, in particular, limited resources and a bigger reliance on cash flow means it’s essential to hit your targets. Whether you’re falling short of your sales targets, your productivity is dropping or you’re missing your customer acquisition goals, […]
