In previous blogs, we have talked about how to recognise the warning signs that your business might be heading into rough waters, and also about the importance of examining the wider business environment to determine the best positioning for your business. The third element of creating a Turnaround strategy that preserves value and ensures you stay in […]
Turnaround strategy: taking the first steps towards a stronger business
Over the years I have developed a number of Turnaround strategies, both for my own businesses and when supporting and advising others. What I learnt fairly early on was that it makes a significant difference to the success of the plan if you put in some ground work first. Of course, it’s tempting to skip […]
Business strategy 101: Empowering employees, building business
Employee empowerment has become an increasingly popular business strategy over the past 20 years – in direct contrast to the control and command strategies in play for the last two centuries. However, a recent report shows that the UK comes ninth in a ranking of engagement levels among the world’s 12 largest economies. The organisation […]
Business strategy 101: Right place, right time
Everything in life is contingent upon its position in the world. The personal, political, scientific and natural worlds all depend on their location and the other elements operating around them. The same could be said about the corporate world, which is dependent upon the external environment within which it operates. This includes everything from local […]
Cash flow solutions: Go back to basics with Debtor management
Working capital is the life blood of business. However good your business strategy is, it is very difficult to make it work without cash to pay the wages and other running costs. Whilst we often hear about businesses taking longer to pay their creditors in order to increase their working capital, this is obviously a […]
Business strategy 101: Trust. How to build it – and keep it
Whenever I have needed to make any significant changes to any of my businesses, I have invariably reached out to a trusted colleague or friend to get some unbiased third party input. The value of these trusted relationships cannot be under estimated, and, as the saying goes,’ if only you could bottle it….’ Setting aside […]