Are you financially and personally ready to retire from your business? Unsure? Many business owners often underestimate what is involved when planning to leave their business. To help, here we highlight some key questions to help guide your thinking.
Do you have a plan for leaving your business? The sooner you start thinking about how and when you wish to depart the better. It will give you time to prepare your business, increase its value and reap the rewards you deserve from all your hard work. Here’s how to get started with exit planning.
As 2020 proceeds, the Covid-19 Pandemic has created totally new climates in which businesses must operate. In order to trade successfully and make a strong recovery, these need to be clearly understood by business owners if they are going to lead their businesses into better times. Our observations so far Within this blog, we take a closer look at these changes and their impact on SMEs – based on observations with CMC clients across various sectors. […]
A number of owner managed businesses that we work with are run by people who have received little or no sales training and have very limited sales experience. They don’t like sales – they don’t trust sales – they just get on with it the best they can. For some it doesn’t hinder them but […]
In my previous blog I reviewed the principle that money is a very important motivator, but not necessarily the prime motivator. Non-financial rewards can be more efficient than cash and create higher impact on people’s motivation. Creating the right culture and environment can be very effective. Many small businesses are unable to finance reward schemes […]
Do financial rewards motivate staff? The plain truth is that we all need money to cover our basic needs – research in this area is long established. But money, while an important motivator, is not the prime motivator as we discussed in my previous blog ‘As a business owner how do I motivate my staff’. Non Financial […]
As a Business Owner how do I motivate my staff? A common question asked by business owners is ‘How do I motivate my staff ?’. Its a good question to ask as its vital owners get the best out of their staff. People are the heart of a business and unmotivated staff could stall the future […]
When running or starting a business there are numerous mistakes you can make that can impact on your cash flow, motivation of staff, happiness of you and your team and your customers perception of your business. Here are a few to avoid. 1 Not acting on changes to your market – this could be new […]
