In this Business Wisdom podcast, Business Strategist Clive Enever walks through the five stages of business growth, looking at Harvard’s research on the subject and also outlining how that applies in the true trenches of business.
He discusses each stage, how you know you’ve attained it, and the challenges that ensue, including the key things every business operator needs to have in place once they reach the next step on the ladder.
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Whether you’re running a small team or a medium to large business, leadership skills are critical to business success.
After all, as a business owner you are the master of the ship and those working with you will take their cues from you.
Importantly, leadership skills are honed and refined over time. So let’s take a look at how you can sharpen your key leadership skills.
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As the old saying goes ‘time is money’, but as a business leader your time is also likely to be in short supply.
After all, there’s a good chance you wear many hats; chief decision maker, financial controller, head of marketing…and the list goes on.
That’s why your time should be fiercely protected. In fact, effective time management skills in business are essential to ensure you maintain a work/life balance and your time in your business is spent efficiently.
With that in mind, here are five ways business leaders can protect their time with some classic time management tips.
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Business operators often concentrate on growth, but it’s not just about increasing output and expanding your business.
It’s also about making your business more profitable and obtaining increased profit.
In fact, there’s an interesting phenomenon that sometimes occurs when a business goes through a growth stage where the profit might actually drop off due to increased expenses.
Known as the law of diminishing returns, it’s an important problem to recognise and address, and it comes down to implementing one of three key strategies.
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How many times have you started a new year with personal resolutions that quickly fall by the wayside? In business, it’s no different. The goals you set for your business might be lofty and well-meaning, but if they fail to translate to a plan and action, they mean little. So, let’s look at how business owners can action their goals, incorporate them into their plan and then build on and compound achievements.
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