The number one business trouble that owners experience is financial. Not enough profit, can't get funding, running out of cash.
For the small business owner work and life usually blur into one. But this is often unhealthy personally and unproductive for the business.
If you are in business long enough you will run into legal issues including HR problems, copyright infringements and contractual disputes.
Building a team is necessary to grow your business but for most business owners managing a team is one of the most problematic areas of their business.
As a business grows the owner needs to transform from swashbuckling entrepreneur to inspirational leader. Most owners find this transition extremely difficult.
When you first start your business your main aim is just to survive. But if you want to grow to a significant size you're going to need a decent strategy.
So you’ve been in business for a few years. You’ve developed your product or service, marketed it and you know how to keep your customers happy. You’ve grown some – you have probably taken on Read more…
In my work as an investor and turnaround consultant I am sent details on multiple businesses every week. Some are for sale, some are distressed and some don’t even exist yet but they are looking Read more…
This is the first line of a quote from the 13th Century Persian poet Rumi – the whole quote reads as follows: “Why do you stay in prison when the door is so wide open. Read more…