Managing key person risk
Managing key person risk should be an integral part of any well-rounded business strategy. Key person risk entails the potential disruption and uncertainty that can arise when an essential team member, often possessing distinctive skills, knowledge, or influence, is suddenly incapacitated and unable to contribute to the functioning of the business. Effectively managing key person […]
Marathon Mindset
Tackling your role in business like a marathon can help you to focus on the big picture. Effective leadership requires more than just short-term thinking and quick fixes. Similar to running a marathon, successful managers need to cultivate a marathon mindset—an approach that emphasizes endurance, perseverance, and long-term goals. Goal Orientation Managers with a marathon […]
Experimental Marketing
Today’s customers want to buy experiences rather than just products. Customers are constantly being bombarded with marketing campaigns from different companies. As such, captivating the attention and securing the loyalty of consumers has become a real challenge. Experiential marketing can help you to cut through the noise and reach your target market. Experiential marketing transcends […]
Keeping pace with inflation
Strategies to manage the challenges of the current inflationary business environment. Inflation has resulted in businesses grappling with escalating production costs, dwindling purchasing power, and the urgent need for pricing strategy recalibration. Here are some strategies to help firms deal with inflation: Monitoring and projections Businesses should closely track key economic indicators and the effect […]
The Metaverse
What is it and what do businesses need to be thinking about? The metaverse is an online virtual reality (VR) or augmented reality (AR) space where users can interact with a computer-generated environment and with other users in real-time. It is an interconnected digital universe that extends beyond individual VR or AR experiences, offering a […]
When and how to increase your prices
Is now a good time to increase your prices? Inflation has been running high for a while, wages are rising and supply chains are still catching up after the disruption of the pandemic. Many businesses are facing increased costs and many managers are considering how to increase prices in order to maintain profitability. However, there […]
Managing cyber risk
Businesses need to be vigilant and take steps to manage cyber risks effectively! Cyber-attacks are on the increase and it’s not just large, international corporations that are being targeted. As businesses increasingly rely on technology for their day-to-day operations, they are also exposed to new and evolving cyber risks. Cyber-attacks can not only damage a […]
Closing the deal
Closing the deal is the most important part of the sales process. Every business is a sales organisation. Selling generates the cashflow that is the very lifeblood of any business. However, sales is as much an art as it is aprocess. Here are some top tips to help you to close deals.
Reassuring your team in times of uncertainty
In businesses across the country, employees are dealing with increasing uncertainty. They are experiencing a cost-of-living crisis and interest rates are rising rapidly, which means some will be worried about paying their mortgages. Energycosts have increased, tech companies are laying off staff and in other sectors there is a shortage of qualified staff. Especially when […]
Developing future leaders
How to recognise leadership potential in your existing team.Hiring new people can bring fresh thinking and new ideas, however, you may already have the right people in place. Those who take the leadLook for people in your team who get stuck into projects and tend to take the lead, regardless of their seniority (or lack […]