When you launch or enter into a business, you naturally want it to succeed. However, there are a multitude of obstacles and challenges you may need to overcome and, if you don’t, you may find your enterprise struggling. A massive 60% of businesses fail within their...
Turnaround and Restructuring
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5 Ways To Find and Resolve Problems Affecting Profitability
Using a basic plaster on a major injury means you are going to bleed out. The same can be said for your business when thinking about those problems that impact on your profits. How many times have you looked to get to the bottom of a specific problem, issue, or...
The Effective Management Buyout (MBO) Guide for Small Business Owners
Selling your small business can be a daunting task, especially when you've invested your heart and soul into building it. However, my advice to every entrepreneur is to consider their exit strategy. This guide explores the benefits and steps of an MBO. Remember, UK...
The Cost of Not Taking Risk Seriously
Charities and PLCs have long been aware of the need to assess risk but there is little sign of Owner Managed Businesses following suit. The reason is that the first two have the need to assess risk enshrined in recommended practice (although judging by recent reports...
Eight steps for contract management success
There are eight steps in overseeing and administering the various stages of a contract, from creation to execution and beyond, that business owners must pay attention to. A good process ensures all parties involved fulfil their obligations and meet the contract terms...
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