Planning ahead to exit your business should start from day one, to ensure you build a valuable and saleable asset. There are many important aspects of succession planning, so start ticking these off your list now.
2012 is shaping up as a difficult year for many businesses, but the decisions you make now could determine how successful the next 12 months are. Here’s the four factors thriving businesses have in common, which Sid Edwards says any SMB can put into practice.
Are you one of those business owners who uses the holiday period to take a bit of time outside of your business to review what works and what doesn’t? We asked some experts for their advice on reviewing your business products and services at this time of year.
Did you break your 2011 New Year’s resolution to develop a business plan? Business solutions director Andrew Graham says ditch the standard business plan in 2012 and embrace a more agile approach to business development.
Strategy is the ‘how’ you are going to achieve the outcome. Objectives are ‘what’ you want to achieve. The plan is the step-by-step ‘actions’ you are going to take to get there. How’s your business strategy looking?
The beginning of a new financial year is the ideal time to focus on financial business strategy, with experts suggesting businesses target three main areas – finances, culture and operations.
Brad Callaughan blogs about setting KPIs to keep track of your business success.
“Think of KPIs as your new year’s business resolution. You need to sit down and formulate a move forward, just like in a game of chess, you need to be formulating with your next move.”
With the first of the baby boomers reaching retirement, predictions of SMEs hitting the market at depressing sales prices mean owners should now be fine-tuning their succession plans.
A new online planning and management tool for small to medium businesses, BPlan Live, has been launched in time for the new financial year, in conjunction with a special offer.
Mark Bouris shares six tips on how to set and achieve goals to make your small business a success.
