Your competitive advantage is important. It is what makes your company unique, and what sets it apart from similar enterprises. It acts as an obstacle which your competitors must overcome in order to encroach on your current market. In many occasions, it’s the difference between success and failure. However, I have seen certain instances where …
Is your competitive advantage your weakness? Find out here Read More »
Business owners are continually faced with a barrage of things to do which causes them to lack time and focus. From daily operational requirements which meet short-term demands, to marketing implantation to optimise the position of the company in the market, to strategic management aimed at ensuring the company goes in the desired direction. One …
Whether you like it or not, as a business owner with a number of employees, your team will look to you for direction and guidance and to encourage your team. You will expected to demonstrate strong leadership, and provide clear direction as to where the business is heading. One of the greatest leadership traits that …
Supportive management: Why it’s a great idea to encourage your team Read More »
I have read many articles about the importance of having a team of people with whom you can consult regarding your business. Despite the wealth of information about the benefits of having such a team, I have personally known businesses to falter even though they have trusted advisors. While it can be advantageous to consult …
I have encountered people who have shared with me logical and well thought out reasons as to why their business should not embark on a particular initiative. They would cite examples of how other business have tried the same idea and did not benefit. While their logic may be sound, as often as not, the …
I went to a tree top obstacle course with my niece once. The course was very much like a standard obstacle course, except that you are about 6 meters off the ground. Getting from one point to another was safe as we had harnesses and safety ropes. However, in one of the obstacles, we had …
Some people think of getting business advice from business consultants and coaches in the same way that they view a doctor; a professional they only see when they are sick. Doctors will identify the cause of the problem and prescribe a course of medication, to either tackle the source or minimise the impact of the …
Take a pill and call me in the morning – good business advice? Read More »
The role of the Board of Directors is to represent the shareholders’ interests in the day-to-day affairs of the company. In major organisations, the diverse backgrounds of the board members would provide a breadth of experience in all areas of business to advise the CEO and ensure company decisions are geared towards achieving strategic objectives. …
We have all heard the phrase, “Hindsight is 20/20”; it is used when people look back on their past and can see things that they did with ‘perfect vision’. They often suggest that a different decision would have been made, had they known the outcome in advance. This occurs frequently in business decision-making, as managers …
Hindsight is 20/20 – how to avoid the rut of regret. Read More »
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