business plan

Coping with Uncertainty – Strategy & Scenario Planning

Coping with Uncertainty – Strategy & Scenario Planning

Life is uncertain and yet we manage, usually with optimism. However, when it comes to business, our attitude is different. We want security for our business without political and economic turbulence but this has never been the case – either markets, politics or the competition has nasty surprises in store.…

Growing your business – 3 Key Tips

Growing your business – 3 Key Tips

There comes a point when entrepreneurs/founders want to expand and grow their business, be it adding a new service/product, opening a new location or adding staff to grow existing services. I would recommend 3 key tips for businesses to consider before embarking on a growth phase. 1. Planning for growth…

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…

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…

Free Cash Flow and why it’s important in your Business

Free cash flow is a financial indicator that is favoured over ROCE, ROI and other ratios to gauge a company’s health. So it’s important for entrepreneurs to understand how important it is in their business. Free cash flow is how much cash is left in the business after all running…

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…

3 Key Business Goals to set for your business

Starting a New Year, every business, well maybe almost everyone, will set goals for the new year. Planning and setting business goals for most is an annual event and sometimes it’s called a budget! However, I want to recommend a different course in setting your key business goals. It maybe…

How to Value your Business

After getting ready for a business exit, the first thing that has to be done is to value the business. This is when the fun starts as there is no straight forward calculation that can determine the value of your business. The most important thing to remember is that the…