To the blog for small and medium sized business (SME) owners.

Tuesday, February 26, 2008

Discover the Components to a Successful Family Business

Often in a family business conversations can degenerate into conflict. Family members may argue more because they are more comfortable with each other and less inclined to accept censorship than non-family workers.

The danger of workplace conflict damaging relationships among family members is real and it can reduce the family member's credibility and professionalism with other employees.

Learn how to create a successful family business.

Monday, February 11, 2008

Ensure Your Business Turnaround Will Not Fail

How do you ensure your business turnaround work will not fail? How do you ensure business turnaround success?

The business may become:
1. More complex – perhaps overtrading
2. Demanding, problematic and stressful
3. Less successful than previously
4. Facing increased competition
5. Encountering pressure from investors
6. Suffering low staff morale, high staff turnover
7. Not generating positive cash flows

All features of the business environment that may result in business change.

Learn more on How to Ensure Your Business Turnaround Will Not Fail

Friday, February 08, 2008

Business Planning - the 7 Common Questions Asked

There are regular questions asked by business owners regarding business planning. The 7 questions that figure highly in any list are:

1. What is the business planning process?
2. Why good business planning is important?
3. What should a good business plan include?
4. How do you develop business strategies?
5. What does SWOT stand for in a business plan?
6. How can you plan in a failing business?
7. What are the common mistakes made in business plans?

All important questions and for help with the answers contact DAW Consulting today for a free confidential discussion.

Wednesday, February 06, 2008

Business Turnaround

Business turnarounds are usual when a business is failing and an attempt is made to save all or part of it from closure.

This will be a time of anxiety and the typical concerns and issues arising include:

1. Is there a real desire to change?
2. Will the business turnaround strategies be palatable to the business owner?
3. The uncertainty regarding the business turnaround plan
4 What steps will be taken in the turnaround process?
5. Who will manage the business turnaround process?
6. Will expert help be required?
7. What will the reaction of stakeholders be to a turnaround?
8. How will the business turnaround process be communicated internally and externally?
9. What will the turnaround uncover, will there be real or implied criticism of the management?
10. What is the way forward after a successful business turnaround, and will the existing management team be part of the future?

Tuesday, February 05, 2008

7 Actions to Avoid a Lack of Business Cash

The shortage of cash in a business is often not recognized or accepted until a catastrophic event occurs. At this time the business owner will focus on resolving the the cash flow problem.

What are the actions the business owner can take to remedy a failing situation?

Understand more - read 7 Actions to Avoid a Lack of Business Cash