Every business faces challenges as they grow. One challenge that all businesses will face in their growth cycle is in their ability to develop beyond the constraints of the business owner themselves. Some business owners have no issue delegating responsibility and management of their team as it grows in numbers. However, whilst others think that …
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 »
There are many reasons why people start businesses. However, from whichever angle you look at it you will find that most businesses are started to fulfill one thing, and one thing only: to meet needs, desires, and goals in the lives of the founders. That goal may be to make the world a better place …
Have you ever wondered what you actually do in your business and what are you really selling? Do you offer a service, or are you providing a solution? The saying goes, that a person in a hardware shop is not looking to purchase a drill, but the hole the drill makes. Once you realise what …
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 …
Businesses are very much like people: they have a life of their own, they need food (cash flow) to survive, and interaction with other people (businesses) to thrive, and order to be profitable, the business needs to be consistent in its product delivery, customer service, and management. Would you continue to patronise a restaurant if …
Not achieving what you want? Try being consistent. Read More »
Most businesses start off with the entrepreneur assuming multiple positions within the company and wearing many hats and is not able to delegate. Sometimes it is through necessity, due to the lack of financial resources, other times it can be because the owner wants to keep control of the company. There will come a time …
It is a widely held view that getting an education for business will improve your chance of success in life. In the business world, as the market demand has shifted from manufacturing workers to technology-savvy ones, governments worldwide have been encouraging their workforces to retrain, so that they can remain productive throughout their career. While …
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 …
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