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business management

Be more productive, prioritise tasks with Covey's MatrixManaging time effectively is vital if you are to prosper as a business owner, especially when it comes to running a small business when just a few people have to deal with every aspect of the business.

Despite best intentions though, we’ve all got to the end of a day without achieving any of the tasks we intended to do at the start of the day.

There are many tips, tools and guides online and in print that deal with the age old issue of time management. Most seem to over-complicate something that really shouldn’t be that complicated in principle, but Covey’s Matrix has stood the test time and is something that all business owners can benefit from. Continue…

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increase profitability

As a business owner, you are always looking for greater efficiencies, more productivity and some general cost savings.

One of your key jobs is to make sure you are always looking for ways get your business running more smoothly and more profitably, but before you jump in and make wholesale changes to the way your business is run; ask yourself these 5 key questions; Continue…

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Business sustainability is a great opportunity for start-ups and small businesses to focus on. Not only is it a way to create long-term, sustainable success, but it’s also a way to attract employees (younger generations expressly value sustainability), investors and business partners.

Let’s briefly look at what business sustainability is and then get into some practical tips for how to make it reality for your business. Continue…

The US Marines are world-famous for their exacting standards and ruthless efficiency. The conditions they operate under might be very different from those we see in the commercial world, but there are very valuable lessons that businesses can learn from the Marines.

Here, James Bowen and Brian MacNeice, authors of Powerhouse – Insider accounts into the world’s greatest high performance organisations – explain what your business can gain by studying the strategies and tactics of the US Marines. Continue…

You’ve established a company, it’s successful, and everything is running smoothly. Congratulations, that’s a fantastic feat. But…

… at some point every company will find that its growth has plateaued. Although things are stable, stimulating growth becomes an issue and the company isn’t climbing to the next level.

When this happens to you, do not panic, take these five steps and you’ll kick-start your business growth strategy.

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If you want your business to grow, it will mean employing more people. And to give those new members of staff the best chance of helping you break through to a whole new level of sales and productivity, it’s important to set up systems.

These systems need to be scaleable, understandable, and effective. Don’t charge ahead and introduce systems blindly as you may find they are largely ineffectual, doing little, if anything to boost your company’s performance.

To construct clear, simple, effective systems. that will optimise your output, you need a foundational knowledge of the three basic layers of systems. Shweta Jhajharia, of The London Coaching Group explains;

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As a leader, it’s your job to decide what kind of behaviour you would like in your organisation. But, how do you find your own style as a leader and set the tone for everybody who works with you?

Here, Kate Mercer, author of ‘A Buzz in the Building – how to build and lead a brilliant organisation’, looks at different styles of business leaders and explores the concept of partnership at work as a guiding principle…

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Archimedes said, “Give me a lever long enough and a fulcrum on which to place it, and I shall move the world.

What he is talking about is that with the right tools, you can achieve a lot more with much less effort. And this ‘leverage’ is a critical step in taking businesses to the next level.

The point of it is that you do the work once and achieve the result over and over again using this leveraged system. Shweta Jhajharia, founder of The London Coaching Group outlines 4 ways that you can use the power of leverage to help your start-up succeed.

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Everyone has to cope with the stresses and strains of everyday life. Challenges and changes are constant, and this is especially true if you are starting up your own business.

Adverse situations may be familiar or unfamiliar to you depending upon whether you have experienced them before, or whether you have experienced circumstances that may be similar. You will have developed coping mechanisms and these will help you in dealing with familiar adverse situations and, if you’re launching a new business, many unfamiliar ones.

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When you start and run your own business, your company inevitably means more to you than anybody else.

As a business owner, it’s easy to get wrapped up in everything and become frustrated with staff that don’t understand ‘your’ business like you do. This mindset can lead to you spending too much time and effort battling with employees, and this is not good for business. Continue…

Uber has a new logo. And many people don’t like it. There are things we don’t mind changing – seasons, governments, underpants – but most of the time, most of us resist change.

For every innovation, from skinny jeans to a black Bond, there are plenty of us instinctively asking why? Why change? Why do the bus timetables have to change? Why do we need another damned software upgrade? Why can’t fat-free yogurt and smoothies still be good for us?

The questions may vary, but the subtext is constant: Why can’t things stay familiar, and safe? Continue…

Launching a new business is a huge undertaking and, like most entrepreneurs, I am sure that you will give huge amounts of time to considering your product/service, funding and business plan, but there is one crucial component to business success that is often neglected – YOU!

We gather endless feedback on whether our new product idea will be popular, we jump through endless hoops with investors to secure funding, but for some reason we seem to forget that the single biggest variable that will determine whether we succeed, or not, is our own talents and how we apply them to our new business.

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Organisations are collections of human beings and the success of our businesses are grounded in our relationships with each other and with our customers.

As business owners, we might have a great vision, incredible ambition, a clear sense of purpose and construct the best strategy in the world, but if we have poor quality relationships inside and outside the business, ultimately, we will probably fail.

With building strong relationships being central to achieving our business goals, Dr Alan Watkins, author of 4D Leadership, reveals how leaders can do this better; Continue…

Whatever your position with a company – your role within the organisation matters. There are various functions that each member of the team, as well as your customers, should be able to count on you to provide.

Everyone is expected to come through on promises and commitments made, and to deliver on their responsibilities. If this isn’t the case, a business will never thrive, and may not even survive. Here, William Buist, explains why companies need to have a clear ‘baseline of accountability’ and how to instill one throughout your business.
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