You may have heard people claim in the past that there’s ‘never a wrong time to do the right thing’. Whilst this may be the case in some instances, in business, the reverse can often be true. Working with companies in the past, I’ve often witnessed occasions where businesses have been negatively impacted by taking …
Doing the Right Things at the Wrong Times: The Impact On Your Business Read More »
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 …
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 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 …
Whether you like it or not, when you create a business and employ people, you become the leader of your team. Some of you may not like the idea that others will actually look to you for guidance in a myriad of business issues – but did you know that if you improve your leadership …
Michael Gerber, the famous author of the E-Myth books, talks about identifying what needs to be done, testing it to determine the results, and then breaking it down into tasks so simple, that almost anyone can do it. You then systemise and document it so that the business can be effectively operated by anyone on …
Systemisation – How and when to get the maximum benefit Read More »
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