As a business owner you are the hub of the business. Seems obvious. Maybe it’s something you feel good about – the business needs you. It’s no surprise that the most common and biggest influence on the life of a business owner is how well they handle the Hub & Spoke aspect of their […]
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Volvo make their cars available on a subscription model where consumers will pay one fixed fee per month for access to a car which includes insurance and maintenance. Everything from toothbrushes to flowers are now available with subscription billing, creating recurring revenue. Future Value comes from recurring revenue When it comes to […]
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In my previous blog (which you can read here) I introduced the 4 steps to scaling up your business. I then described the first two of having a scalable product (one that is teachable to your team, is of value to customers and is a repeatable purchase) and having a scalable infrastructure (Systems, processes and […]
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I bet you every business owner you talk to is interested in growing their business. They’ll talk about business growth or scaling up their business. A business that isn’t growing is declining. But scaling up isn’t as easy in practice. When you’re a one-person business you have to do the selling and the doing plus […]
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Entrepreneurs never turn off As entrepreneurs we never really switch off, and this is why Standard Operating Procedures (SOPs) are so important for us small business owners. I don’t think about my business when I sleep, but I think about it most of my waking time. I need more than a week on holiday to […]
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Remember when you went back to school after the summer holidays? I remember getting new bits of uniform, exercise books (ready for the sticky-back plastic) and a new timetable. I felt I was starting the new school year with big plans and intentions, often to do better than the previous year. That newness gradually wore […]
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Do summer holidays make us less efficient? Every year when I went back to school after the summer holidays I found I’d forgotten some of what I’d been taught only a few months before. Too many weeks of playing, holidaying and generally avoiding anything to do with school! There is a fair amount of research […]
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You could be a better delegator If you’re constantly finding yourself disappointed in people on your team, the problem may be less about them and more about your ability to delegate effectively. Better delegation could be the route to your success. Here’s why delegation is a critical skill for any business owner. Being able to […]
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Do you want to make your company more valuable? Especially if you can say yes to these three aspects of value. I think they are really important to SME business owners like you and me: making good profits to fund growth, an income for you plus put money away in a pension or building; not […]
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You are the owner of your business. How many people do you manage? How many people should you manage? Harvard Business Review estimates the ideal range for an experienced manager is between five and nine direct reports. Inc. puts the sweet spot at seven. The ratio of managers to direct reports matters because it explains why some small […]
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