Displaying posts tagged with

“management”

Question: Fake it Until You Break It?

There’s a saying commonly bandied about in relation to small businesses that you should “fake it until you make it” which is implying that you should act bigger or better than you might otherwise appear to be, until that becomes a reality. However, this can rapidly backfire as you promise the world, and are left […]

Your Biggest Asset and Liability

In last week’s episode of Dragons’ Den, one pitch went sour for the simple reason that the biggest asset in the business was also its biggest liability. This is a fairly common problem in family-run businesses, often a function of one member of the family remaining in control of a business even when it has […]

Who’s to Blame

This article discusses a concept that I only recently learned about in detail. While this issue is one that affects people who sub-contract all the time, it is also one that most people either handle well or poorly, but rarely consciously. Imagine a client, John Doe, who contacts you to perform some work for him. […]

You Have to Love What You Do

I was giving some career advice to my brother, who is thinking of starting his own business so that he could be in control of his own destiny. Since he wasn’t sure what type of business he would like to start, I suggested that he find something he loves, and see if he can turn […]

Dragons Flush a Good Idea – Bad Business Down the Toilet

Further to my recent post about a successful deal on Dragons’ Den which was the result of good marketing for the business as a business, this article highlights a pitch which was quite the opposite. Reminiscent of Clair Copp and her accounting software, this pitch left a sour taste in my mouth, but for slightly […]

Owners and Managers Don’t Mix

On a fairly frequent basis, I have occasion to talk to business owners and business managers through my work. One owner made a fairly astute observation about the role an owner plays in a business versus the role a manager plays in a business. It was summarized as follows: An owner and a manager of […]

The Ideal Management Team

Working with several businesses at various stages of development, as well as many projects that are to become the basis for future businesses, I’ve discovered something interesting about management teams. Every business or project has one, even if the entire company consists of a single individual. However, what I’ve discovered is that there is a […]

Where to Splurge, Where to Save

In any business, there are things you try to save money on, others, you spend what it costs. For example, you might try to pick up your desks on clearance sale, but spend what it takes to get good lighting. Or, you might buy refurbished computers for your workstations, but have the top-of-the-line servers for […]