The global business environment is constantly changing, offering both opportunities for your company to exploit and threats for your company to manage. Analysing PEST (Political, Economical, Social and Technological) factors on a regular basis can be a powerful indicator of macro influences that could impact your company both positively and negatively in the global economy.
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Here is fun little task for you. Take a quick look around your office or premises. You will quickly realise you are working alongside a wide variety of personality types. Can you pick them out? The joker, the perfectionist, the thinker, the risk-taker….
A mix is vital for balance, but as a business owner or manager, there is no doubt that dealing with multiple personalities can be challenging. It’s your job to make sure everyone on your team is being as productive as possible, and this may mean having to treat everyone a little bit differently to do so.
An overarching 3-5 year strategic plan is essential for the growth and direction of your business. However, there is no doubt that as a business owner the day-to-day reality of running a business can take over, and it’s all too easy to lose focus of what needs to accomplished “now” to reach those long term goals. That’s why business planning conducted quarterly is essential to keep you focused and on track and ensure long term success.
Quarterly business planning accomplishes two critical objectives for business:
If you haven't yet visited one of the "Taking Care of Business" events around the country, register now for the next one in Drogheda on Thursday 8th October 2015. It's your chance to meet informally with 30 State bodies to see how they can support your business.
Recently the Bank of Ireland approved €1.2Bn in new credit for SMEs in the first quarter of the year. But businesses need to stay in shape to qualify for loans in terms of structure and strategy, as well as being efficient in their daily operations. Focusing on the bigger picture is crucial for companies seeking funding to grow their companies.
Success in Lean transformation is contingent on engagement at all levels within the organisation. Real change requires winning the hearts and minds of the workforce. Getting this right at the outset demands serious consideration. Workplaces won’t improve themselves. Evidence confirms transformation is all about our people – and our people are our only appreciating asset.
Business owners are always looking at ways to maintain, if not increase their sales.
One of the most common way’s businesses look to do this is to spend more money on lead generation /marketing, through advertising, mail outs, networking, telemarketing etc.
While there are certainly some fantastic lead generation strategies businesses should be implementing, these can be among the most expensive business growth strategies to use. Therefore, it is worth noting that there are some far more cost effective ways to increase your revenues.
Stress can make or break you. It is now better understood than ever before and people can learn to deal with it.
Life is stressful and self awareness is needed now more than ever. To be alive is to feel pressure and we are feeling it more and more. The Harris polling organisation reported recently that one third of 25-39 year olds were suffering from burn-out syndrome – a term coined in the seventies to describe a state of physical and mental exhaustion.
So, here are seven lessons for handling stress…