Many business owners start with a great idea, and they put their capital into establishing and growing their business. More customers mean more inventory, more staff, more training… more of many things. With this growth, business managers are then forced to choose between storing cash for a rainy day and investing for growth. It is […]
Really are these warning signs for a cash crunch Read More »
When does an organization feel cash crunch to operate successfully or in the normal way? Many business owners start with a great idea, and they put their capital into establishing and growing their business. More customers mean more inventory, more staff, more training… more of many things. With this growth, business managers are then forced
Increasing Fraud vulnerability needs pragmatic vigilant with an open eye as one of remedial measure to deter Fraud occurrence level. This Video Features • Fraud • Red Flag / Green Flag • Modus operandi ( case Study) • Anti-Fraud mechanism In your entrepreneurial journey, many time-critical answers are not convincing and require a second
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What is a PESTEL Analysis? PESTEL Analysis is a strategic framework used to evaluate the external environment of a business by breaking down the opportunities and risks into Political, Economic, Social, Technological, Environmental, and Legal factors. PESTEL Analysis can be an effective framework to use in Corporate Strategy Planning and for identifying the pros and
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Roman philosopher Seneca is quoted as saying: “If a man does not know what port he is steering for, no wind is favourable.” The same applies to organizations and corporations. The best product, services, goals and management teams are of little use without a corporate strategy. Without a corporate strategy it is impossible for a
The Strategic Importance of an Organization’s Corporate Strategy Read More »
Corporate strategy at its core concerns itself with the entirety of a business, where decisions are made in regard to its overall growth and direction. Ultimately, corporate strategy strives to create value, develop a unique marketing advantage and seize maximum market share. The corporate strategy level concerns itself with the entirety of the organization on
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“IF YOU WANT TO BE SUCCESSFUL, DON’T SEEK SUCCESS – SEEK COMPETENCE; DO NOTHING SHORT OF THE BEST THAT YOU CAN DO.” Where to Begin when Identifying Core Competency The starting point for understanding core competencies is recognizing “competition” between organizations is both a contest for “competence mastery” and “market position and power”. Careful consideration
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“SUCCESS DEMANDS A HIGH LEVEL OF COMPETENCE.” Core competencies differentiate from competitors & therefore Identifying and exploiting core competencies is key to stay competitive. Which are those 3 tests to determine your core competency: A core competency can lead to the development of new products and services, deliver a quality product, increase buying power, innovate
Do You Know Your Core Competencies? Read More »
Scaling your company and hiring your first employees can be a little tricky, but if you pay yourself as little as possibly and make hiring your top priority, it will pay itself off. You just have to understand that none of the good stuff will come fast You’re not going to make a million dollars
5 Tips to Grow Your Business Read More »
As an entrepreneur, it will be the most difficult task to pursue the journey of your dream business You’ll need to have a much grander vision for the influence and impact your business might have from the start Here are some tips that can help you to achieve that impact from your business 1. Cultivate
Tips for making an impact as an entrepreneur Read More »