I’ve come across a lot of advice on social media recently on how businesses can improve their finances during the economic crisis. One expert recommends that you cut back your overheads and pay down debt. Another has 10 ways to keep your energy bill manageable. A third believes you should create alternate revenue streams… It’s […]
Tag archives: growing business
I’m moving up in the world (literally)
They say that moving house is one of the biggest stresses in life. If so, I’ve just been through its younger sibling – moving offices! After years working on our company’s main floor, surrounded by our team, I’ve moved upstairs to the penthouse suite (it’s actually a loft conversion but we thought this grandiose title […]
Preparing for growth – and sabotaging it instead
Years ago, I was invited to consult in a business that was constantly running on a shoestring and in danger of running out of money. The business owner thought they were profitable. But looking through their very messy accounts, it took me just 30 minutes to show they were actually running a loss. “It’s like […]
Don’t believe these 3 myths
Last week I mentioned I’ve always had an interest in the Tudors. I’ve learned an enormous amount about them… …And I’ve also discovered that some of the things I believed for many years are absolutely untrue! For example, Walter Raleigh didn’t introduce tobacco to the UK in 1586 – a fun fact I had learned […]
Rich vs King
Would you rather retain complete financial control of your company – or make more money from it? That’s the “founder’s dilemma,” says Harvard Business School professor Noam Wasserman[1]. He studied 212 start-ups that were determined to grow large (not ‘lifestyle businesses’ that simply made their owner comfortable). What he found is that owners could optimise […]
A cautionary tale from LinkedIn
Over the past few weeks I’ve become a lot more active on LinkedIn. I’ve noticed an enormous improvement in the quality of the posts since I was last heavily involved on the platform, a few years ago. There’s still a bit of boring, salesy material. But there are also a lot of people sharing knowledge, […]
Why you should upgrade your financial management BEFORE you’re ready
Think back to the early days of your business, right when you were starting out… Perhaps you were working alone or with a small team. Your business was showing lots of potential, but your turnover was low compared to today. But there was one thing you had in abundance: Vision. Chances are that even at […]
