business

KPIs’ for Business – don’t lose sight of the wood for the trees!

KPIs’ for Business – don’t lose sight of the wood for the trees!

I have written before on tips to set up KPIs’ and what the critical KPIs’ maybe. However, something a colleague mentioned recently had a familiar resonance to it. He said he had worked in an organisation which circulated 141 key performance indicators’ and no one bothered to look at them! It’s important…

Keeping an eye on the figures – 3 Key Tips

Keeping an eye on the figures – 3 Key Tips

Managing a business isn’t easy and if you don’t know anything about finance, it’s a sure-fire way of running into trouble. The first thing any entrepreneur or manager has to learn is how to understand some basic finances. Once you learn the basics, it is critical to add to your…

3 Key Traits of Successful Entrepreneurs

3 Key Traits of Successful Entrepreneurs

I have been fortunate to meet several entrepreneurs in my career. However meeting three successful ones recently and discussing how they developed their respective businesses, made me conclude that they have similar traits that make them successful. Here are my conclusions on the 3 key traits it takes to be a…

Funding pain remains for startups and SMEs’

Funding pain remains for startups and SMEs’

Raising funding for startups and small and medium-sized enterprises (SME) or even large projects is still a difficult and painful process out there. I had a long discussion with an experienced consultant recently who works with tech startups and his prognosis for the smaller end of fund-raising circa £250,000 was…

Making your Business tax efficient

Making your Business tax efficient

One of the first things entrepreneurs get advised is to make their business tax efficient. It is a minefield for businesses and hiring a good tax adviser or accountant is paramount but here are some tips that help in ensuring that your business is tax efficient. 1.  Difference between tax avoidance…

ROCE and when to use it – return on capital employed

ROCE and when to use it – return on capital employed

What is it? ROCE measures a company’e profitability and it’s efficiency in using it’s capital, both shareholders’ funds and borrowings. The higher the ROCE (return on capital employed), the better the performance. This is why investors like the ratio and investment analysts use it. ROCE should not be confused with…

How to deal with failure in Business – 5 Key Tips

How to deal with failure in Business – 5 Key Tips

We all make mistakes. It’s a fact of life. The key to success is how we deal with failure and overcome the negatives. Whether it’s a business startup or your business hitting a recession, failure can be painful. In business, failure can be even more difficult to deal with. Or…

Celebrating Success – why it’s important in your Business

Celebrating Success – why it’s important in your Business

How many times have you celebrated achieving goals in your business with your team? Once a year, once in two years? Or is it more? If you celebrate success more than once a year, you’re probably on the right track. We all get sucked into the daily grind and pay…

10 minute Guide to understanding a Balance Sheet – Follow up

10 minute Guide to understanding a Balance Sheet – Follow up

My blog on the 10 minute guide to understanding a Balance Sheet is the most read even though it is also the longest and tries to deal with some complex items in a simple way – http://bit.ly/XMTzfa I used Apple’s balance sheet for 2012 and since a year or more has…

How to Startup a Business – 5 Practical Tips for Success

How to Startup a Business – 5 Practical Tips for Success

Advice on how to start up a business has been written about almost every day and the advice follows the usual steps. 1. Come up with the business idea 2. Research the market for the product or service 3. Write your business plan along with your forecasts for the numbers…