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PWC’s latest Turnaround Directors survey makes interesting reading and whilst it does not specifically relate to the SME market, some very useful points are made. Firstly, that there is a general reluctance of management to admit that they are struggling. In addition to this being a primary barrier to seeking help, it also points to . . . → Read More: PWC Turnaround Directors’ Survey Running can be a great time to allow the mind to make connections and here are a few thoughts that I connected this morning as I ran out. Our unconscious can hinder us from achieving difficult things, quietly robbing us of the resilience to keep going or preventing us from seeing how far we’ve come. . . . → Read More: Exercising behaviour Have a relaxing Christmas and a healthy, happy and highly prosperous 2009! You really deserve it… just as soon as you’ve got these last few easy tasks wrapped up! . . . → Read More: Last thoughts before Christmas Those people who have worked with me know that I am not an accountant, but this does not detract from the fact that I am a great advocate of management information. In fact, I am often staggered that businesses, usually smaller ones, have managed to survive at all without it and I would hypothesise that there is . . . → Read More: Lack of Financial Control As if to underline my post this morning, this article just arrived in my inbox. I had the great double-honour to interview John Moulton on behalf of Stuart Slatter as part of my course on Turnaround Management at London Business School. Moulton is savvy beyond the ken of even gifted businessmen and I heartily recommend . . . → Read More: Weighty agreement In this case we need to ensure our business is ready for the conditions, trimming unnecessary costs and setting strategies in advance of any problems. This requires your attention firmly on your business, on the environment, both internally and externally and on what is happening elsewhere in you industry. . . . → Read More: Approach to Poor Conditions There have been nine recessions in the last 50 years, each lasting an average of eleven months and as just another facet of business life they represent an opportunity to be grasped with both hands.
In the first . . . → Read More: How To Make The Best Of A Downturn – Part 2 There have been nine recessions in the last 50 years, each lasting an average of eleven months and as just another facet of business life they represent an opportunity to be grasped with both hands.
In the first . . . → Read More: How To Make The Best Of A Downturn – Part 1 People who are passionate about driving (myself included) and those whose skills need to be beyond reproach (like racing drivers, chauffeurs and Police Drivers) regularly question their skills and participate in advanced driver training. As we learn about any new subject, such as driving or running a business, we go through four stages of consciousness . . . → Read More: 8: On-going driver training Even with good planning, foresight and management information, unforeseen things can still happen that threaten the business. In our analogous car, we may be driving slowly and cautiously because it’s a frosty morning, but we may still not be able to avoid hitting another car skidding out of control towards us. All we can do . . . → Read More: 7: Limit handling |
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