Business statistics are heavy with the reasons that businesses fail. Running out of cash is almost universally cited in the top five, if not top three reasons for failure. And this is true for businesses of all sizes, even those that have secured significant investor funds but subsequently failed to manage them appropriately. A recent … More Why businesses run out of cash
In an increasingly challenging and uncertain world, business planning becomes a more essential tool for entrepreneurs to use. … More Failing to Plan…..
Research shows that changing product prices will have a multiplier effect on your operating profit.
Learn more about pricing and how it is a major element of your profit planning. … More Pricing II
Pricing your product is part Science and part Art.
Pricing is first and foremost a marketing activity…. one of the “4-P’s” – Product, Price, Place and Promotion.
In order to safely play in the Marketing art space you need a firm handle on the science part. … More Pricing
Innovation mostly fails. It doesn’t need to. You shouldn’t let it.
Innovation almost never fails due to a lack of creativity. Get organised and Collaborate. … More 110 Tactics to get an edge…..
In the long-term nothing stays the same. What once seemed a stable situation can suddenly be disrupted by an unforeseen event or development.
But the good news is change rarely as bad as you think it will be. As long as you can flow with it. … More Who Moved my Cheese…….?
You already have a Business Plan When was the last time you reviewed and updated it? It seemed pretty good 2 years ago when you spent all that time pulling it all together. Why does it need updating? Here are seven reasons why you should schedule an update to your business plan. Any one that … More Seven Reasons you should consider updating your Business Plan
Gone are the days of spending a few days in an “off-site workshop” to draft a 30 page, 5-year vision of the future. In the current VUCA environment (Volatile, Uncertain, Complex and Ambiguous) strategic decision making is increasingly critical. But it is also becoming increasingly more difficult to get right. … More Launch from Planning into Action….