At Boardroom Advisors, we work extensively with entrepreneurs and business owners. That means we understand that for those people, their bottom line isn’t always the bottom line. They care about the long-term future of their businesses and the legacy they leave when they move on. Such considerations come into stark focus when it comes to succession planning. Company founders want…
The world changed in early 2020. There’s no getting away from it. The coronavirus pandemic has had – and continues to have – wide-reaching implications. That’s both for individuals and for businesses. Everyone is going to have to get used to what’s increasingly getting called the “new normal”. It’s critical, as a result, for organisations to evaluate their business strategy.…
Scaling up any startup or SME means that you already have a proven revenue model and have established product-market fit. People now are willing to pay for your products and services. Many businesses fail before even reaching this point. However, you’ll find out rather very quickly, that the problems you have encountered in the past are a far cry from…
You had a great idea and showed the fortitude needed to turn it into reality. That’s what got your business off the ground. Hard work, knowledge and instinct then ensured that you got things up and running. Now it’s time to grow. Scaling up a company in any industry or niche is a challenge. You have to find the right…
For many business owners, the sale of their business is a process that they are dreading. What should be the pinnacle of a business owner’s career can instead be a highly stressful time. It is for this reason that so many owners fail to prepare for the sale of their business. The irony is that by leaving it too late,…
The process of finding the right Directors for your board isn’t always easy. As you begin your search, ask yourself the following questions. Use your business plan as a guide. What are the goals you have set out to achieve, who can help you achieve them, and where can you find them? Which roles make sense to hire in-house, which…
Ask any Board of Directors if they need a Strategy Director and more often than not the answer will be no. They will quickly point out that Strategy is everyone’s job, it is not something that should be considered a bolt-on. They will point out that it is the job of the CEO to set strategic direction and the job of…
No man is an island. It’s a well-known phrase, but one that many people fail to take on board. Especially in business. Business owners, boards and decision makers too often try to take on too much themselves. They don’t appreciate how helpful – and how easy – it can be to bring outside expertise into a company. Family businesses, scale-ups…
You’ve been successful in getting your business started. Those early customers have come flooding in. You’ve put together a workforce with the skills and knowhow to cope with demand. You may even have secured funding to ensure your short-term future and give you some options of where to go next. Your next step is to look to scale up your…
You’ve worked hard to get your business off the ground. It now has strong foundations and solid day-to-day processes. What’s next is to embark on a process of growth. You want your firm to start growing its presence and its profits. The best kind of growth is that which delivers results in the short-term, is sustainable, and aligns with your…
