Regardless of your views on Brexit, potentially there are major changes on the way within the European Community. It is impossible to forecast the scale of these and how they will impact home markets. It was reported in the news that import costs had risen 20% due to the fall in sterling against other currencies. […]
If you’ve listened to the top business and personal development coaches, the common theme with all of them is that you must set goals. These goals should be big and scary and you should have many goals to cover different aspects of your business and life. The theory is simple. Without setting goals, you are […]
Accountants will tell you that the key numbers in any business revolve around sales, gross profit and net profit. These are the result of the marketing, sales, production and delivery teams doing their part in generating activity. This article is not disputing this. However, I believe there are other key numbers in a business which […]
In part one of this article I outlined my belief that ‘my business is my pension’ is typically a myth and the reality may be somewhat different to the dream. You then undertook a quick exercise to understand an approximate value of your business based on average net profit over the previous three years multiplied […]
“My business is my pension” – I regularly hear this phrase and believe it to be one of the biggest myths in business. You may also have heard this statement many times and possibly said it yourself. The truth is only a few smart entrepreneurs can say they have taken all of the correct measures […]
For most business owners setting goals is common practice. These usually take the form of sales targets, cost reductions, staff training etc. Most of you will recognise these – they are considered tactical goals, but they are not strategic goals. What’s the difference? Strategy takes a look at the big picture. It relates to what […]