When strategic planning for any organization, meetings are arranged in different ways. Yet, however, they’re scheduled, ensuring that those meetings take place is still essential in order to fulfill your company’s objectives and goals. The key is to ensure that...
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Preventing a Financial Crisis in Your Small Business With Correct Valuation
If you’re running a small business, there’s always a danger that you may fall prey to short-termism. This phrase is sometimes used to refer to the phenomenon of excessively focusing on results in the short-term at the expense of value creation and long-term business...
A Guide To Start-Ups Business Valuation
Business valuation is very important for any company. If you know what your business is worth today, you’ll be well-placed to determine its value tomorrow. However, the majority of valuation models take their basis from hard facts and historical revenue figures. If...
The Pitfalls of Failing to Prepare for Transitioning Your Business Leadership
If you’re running a small family-owned business, you will probably agree that planning for its future is a key priority. Yet, surprising statistics show that just 40% of those running small companies of this kind have thought about implementing a succession plan. Why...
Should You Be Setting Smart Goals in Your Strategic Plan?
Setting up your strategic plan for your business is a key element of ensuring your organization’s success. You need to envisage where your business is heading so that you can find the best and most effective route there. Yet, once your strategic plan is in place, you...
How to Prevent Family Business Succession Failure?
Successful family businesses are the result of risk-taking, due diligence and a lot of hard work. So, it comes as no surprise that families that own their own business often want to see it pass on to the next generation. However, this can often prove to be...