As your business grows, so too does its number of personnel. The complexity of managing your employees doesn’t just scale linearly and will get a lot harder quickly. You want to scale up your business though, so these business challenges are something you will likely have to face. This article explores some of the challenges and how a Part-time Operations…
Businesses need to make money. To make good profits, you need to get good sales. One of the hardest lessons an entrepreneur can learn is that a business that’s losing money will have to close one day. Not only would it hurt to see something you’ve invested so much into fail, but a business that closes due to funds is…
No matter how good your service is or how perfectly your product solves a problem, they can’t speak for themselves. If you want your market to know your business exists, then you need great marketing. This article talks about some of the marketing challenges your business may face and how a Part-time Marketing Director could help you through them. How…
Without its assets, a business cannot survive. As your business grows, you will want to make sure that your finances are in the best hands. No one can be an expert in every single aspect of business, and there are some things that only years of experience can teach you, so a good CEO knows when it’s time to seek…
IT is one of the most commonly overlooked parts of a business. The jokes about the divide between the IT department and corporate management are common to the point of cliche. But, they contain a kernel of truth and a warning. In a small business, the tech may not be too difficult. With only a handful of staff, there may…
A Strategy Director may seem like one of the stranger things you could add to your Board of Directors. After all, isn’t strategy the responsibility of the whole board? You’d be right to ask this, because it should be something that all of a business’ directors work on together. A Strategy Director doesn’t take that responsibility away, and they don’t…
Scaling up any start-up 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…
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…
Key Takeaways For an SME or scale-up to succeed, its board and executive team needs to be at the top of their game. They’re responsible for business strategy. They have to find the plans and processes which will allow the firm to grow. Adding more experience, knowhow and skill to the pool of decision makers is a great way for…