When you’re working on improving a work system or process, you’re sure to encounter several challenges, and many of them will involve people. Employee uncertainly, difficulties in training, and rebellions against change are all commonplace. Often, challenges to...
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...
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...
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...
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...