Effective Team Management Strategies For Businesses
By Paul Gibbins on Oct 5, 2021 10:45:00 AM
Effective Team Management Owning a business is challenging enough, but also being the manager of your team can be difficult. Right from the outset, you need to build a strong and effective team around you to give your business the best chance of success. But what is effective team management? Read o …
Business Essentials: Business Performance Improvement
By Paul Gibbins on Jan 21, 2021 10:30:00 AM
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Business Performance Improvement How do you monitor and improve the performance of your business? It is easy to get lost in day-to-day pressures but to run an effective business you must regularly step back and consider your progress against mid to long-term plans. So you need an appropriate set of …
Business Essentials: The Board Meeting
By Paul Gibbins on Jan 20, 2021 9:00:00 AM
The Board Meeting Whilst ‘board meetings’ and ‘governance’ might sound like bureaucracy reserved for PLCs, they are an essential element of every successful business irrespective of its size. Good governance helps you to provide structure and consistency for your business and reduces risk by checkin …
Business Essentials: Improving Profitability
By Paul Gibbins on Jan 11, 2021 8:30:00 AM
Improving Profitability We are all in business to make profit for reinvestment in the future and to reward owners. Every business should examine and improve profitability routinely, but in the current economic climate, it is an essential activity to strengthen your finances. Understanding Gross & …
Business Essentials: Leading People
By Paul Gibbins on Dec 16, 2020 8:15:00 AM
Leading People You start a business because you have a great idea to bring to market. You don’t start one to have dozens, maybe hundreds of people working for you. But if things go well, then at some point you are likely to find yourself with a team around you; perhaps you already have. So how do yo …
Business Essentials: Reducing Business Costs
By Paul Gibbins on Dec 9, 2020 8:00:00 AM
Cost Control Reducing costs is an important factor in improving profitability and preserving cash in your business. Every business should regularly review its costs to ensure money is not being wasted. However, the current economic downturn makes this an essential task. How should you approach cost …
Business Essentials: Critical Business Friend
By Paul Gibbins on Dec 2, 2020 8:30:00 AM
The Critical Business Friend Anyone who runs their own business knows that it can be a lonely place to be. Who do you share your ideas and plans with? Who challenges you and highlights areas of improvement in your business? An independent expert can be the perfect critical friend for you and your bu …
Business Essentials: Cashflow Forecasting
By Paul Gibbins on Nov 25, 2020 9:30:00 AM
Cashflow Forecasting & Management Cash oils the wheels of your business. It’s the liquid that keeps everything moving. If it dries up, your business will come to a grinding halt. Nasty surprises are the last thing you need with your cash so a short-term weekly cashflow forecast is an essential t …
Business Essentials: The Financial Forecast
By Paul Gibbins on Nov 18, 2020 8:30:00 AM
The Financial Forecast Do you wish you had a financial crystal ball for your business? Sadly they don’t exist but the next best thing is a detailed financial forecast covering your medium to long-term plans to reflect the ideas in your business plan. Despite this, many small business don’t have one. …
Business Essentials: The Business Plan
By Paul Gibbins on Nov 14, 2020 9:15:00 AM
The Business Plan Every business needs a plan. In the current climate of uncertainty, it has never been more vital. Why should I have one? The Journey is as Valuable as the Destination Arguably, the process of developing a business plan is as valuable as the result. It raises key strategic questions …