As business owners, most of us wear multiple hats (Chief Everything Officer). Most likely, you don’t want it to always be this way. You need to be able to answer questions such as: where is your organisation today? Where do you want it to be? What is your role in your...
As a business owner, you are sometimes faced with failures (closing a location, hiring the wrong person, failed product launch, etc.) that shake your confidence. You also tend to take it personally since it’s a reflection of decisions you made. You have to accept that...
When you launch your business, the initial success is all about you, the business owner. However, growth also creates a need for more employees, which quickly tests your ability to lead people. Continued success soon becomes all about your ability to help your...
Low employee performance or poor attitude may not originate from a problem at work. Often employees bring emotional hardship or distress from their personal lives to work. A few moments of daily chit-chat, or a friendly inquiry about their weekend gives the (hopefully...
1. Have a plan and include your success team 2. Get turnover > €3m 3. Standardise as much as possible 4. Have a quality management team 5. Make profit consistently 6. Create recurring revenues 7. Generate barriers to entry 8. Achieve consistent growth 9. Create...
Try bench-marking your strategy against the following tests: 1. Do you have a meaningful competitive advantage? Is there something different about your offering v direct competitors, new sources of competition and potential new entrants ? Remember 'winners are...
My experience with a number of family businesses has led me to believe that it takes a very special parent-child relationship to achieve success. If you’re thinking of joining your parent’s business, there are some important questions to ask yourself before making a...
Many business owners equate branding with marketing. However, as Jeff Bezos founder of Amazon, once said, “Your brand is what people say about you when you’re not in the room.” Your brand is the totality of emotions held by the marketplace towards your distinct...
FAMILY BUSINESS Managing and maintaining complex relationships, emotions about handing over, style clashes and broken silent agreements - the reality of the family business - First do no harm The belief system of many inheritors is to protect the legacy of the...
Tax Breaks required for SME Businesses to repair their Balance Sheets: Our Governments have had a long and successful history of enabling Ireland to become a modern industrial economy through the advent of foreign direct investment. Start-ups and exporters are revered...
Discover more by finding your nearest TAB Board facilitator.