When a small business goes through a period of rapid growth, it can be feel like it is out of control and unless handled well can lead to serious problems. It can deter you from taking your business to the next level. The five cornerstones to manage when growing your business are: Money Financing the […]
Tag: Growth Strategy
10 Common Mistakes Most Business Owners Make
Every owner manager has to find ways to improve how work is done and at the same time look for ways to improve the employee and customer experience but they often make the same common mistakes. Successful businesses understand that happy customers and employees have a direct impact on the bottom line. Since most owner […]
Growth Strategies -Scaling your business for Growth : your road map of the speed bumps
What is involved in ‘scaling your business’? It is probably best to answer that question first. For a business it is the model or system whose characteristics are that it is able to cope and perform under an increased or expanding workload. Or, a scalable business is one that can maintain or improve profit margins […]
7 Deadly Sins that Stop Businesses Growing
I have worked with many businesses of different sizes and at different stages of their ‘life’, e.g. early stage start-ups to mature businesses handing over to the next generation or exiting via a trade sale and ‘growing their business sustainably’ is always on the agenda. All companies need to increase sales and improve their performance […]
Do Less Achieve More
“The difference between successful people and very successful people is that very successful people say ‘no’ to almost everything” Warren Buffett I was having one of those ‘informal’ coaching sessions, read ‘down the pub’, with a neighbour who runs his own business. He was complaining of being no further on with his business than when […]
7 Areas that Will Increase Your Business Value via a Planned Exit Strategy
At CMC Partners we are very lucky to work with talented owner managers who have grown their business, and 1 topic that comes up early on in the series of meetings is about how can they develop an exit strategy for the business or plan for a succession with getting the true value. They […]
How do I sell my business in the next 6 months?
As well as the problem of over trading and running out of cash, owner manager are looking at their exit options. So I get asked very often ‘ how do I sell my business in the next 6 months?’. The vast majority of owner managers have never exited a business before, and many generalist business […]
Paying the Price for Discounting
When times are tough many UK firms react very quickly and discount prices across the board without fully understanding the impact on demand or profitability. The results should be dramatic and immediate. But so is paying the price for discounting. Many industries and companies using discounting fundamentally erode the total value of the market. Buyers’ […]