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Digg it UP - Business Change, Growth Strategy and Productivity: How Do You Destroy Your Business Creatively?
If you are in an aviation service business at an airport which is not as busy as some of the busiest airports then you need to be extremely aggressive with your marketing to ensure that your business has new clients and is successful. Just having a certai
When to walk away
Some assets are not easy to liquidate or move, so you may have to abandon that business systematically: making all f
LED message signs have become popular marketing tools among retailers recently. The technology behind them has existed for years, but creative retailers are now discovering more ways to use them to grow their business. LED message signs allow retailers fle
The big question
Once the boss gets over the initial shock, we review each part of the enterprise, asking “If you were not already in this business, would you enter it today, knowing what you do?” Pruning dead wood leads to a stronger business.
Good investments give good returns
As you consider your investment in machinery and buildings, look realistically at what use they are to you. The more you use them, the more return they should give you. Where your business only creates marginal value, your returns might be better on a high interest savings bank account.
When to walk away
Some assets are not easy to liquidate or move, so you may have to abandon that business systematically: making all fu
"In order to succeed, your desire for success should be greater than your fear of failure." Bill CosbyThe word "failure" has so many negative connotations - and in fact, there are many negative things about failing to accomplish something that you s
The big question
Once the boss gets over the initial shock, we review each part of the enterprise, asking “If you were not already in this business, would you enter it today, knowing what you do?” Pruning dead wood leads to a stronger business.
Good investments give good returns
As you consider your investment in machinery and buildings, look realistically at what use they are to you. The more you use them, the more return they should give you. Where your business only creates marginal value, your returns might be better on a high interest savings bank account.
When to walk away
Some assets are not easy to liquidate or move, so you may have to abandon that business systematically: making all f
Many people who understand the franchising model intimately have recognized the value of it to unite the world in a common cause. The Franchising of Nations and the Future of a United World makes sense for so many reasons. Of course critics say it can neve
Good investments give good returns
As you consider your investment in machinery and buildings, look realistically at what use they are to you. The more you use them, the more return they should give you. Where your business only creates marginal value, your returns might be better on a high interest savings bank account.
When to walk away
Some assets are not easy to liquidate or move, so you may have to abandon that business systematically: making all f
The Need To Maximise ROI. Over the last few years, a large number of companies, which have implemented Enterprise Resource Planning (ERP) systems, have realised that quantifying their Return on Investment (ROI) has been difficult. As a consequence, many fi
When to walk away
Some assets are not easy to liquidate or move, so you may have to abandon that business systematically: making all f
Smoothly end the conversationYou’ve had an enjoyable and informative conversation with someone at the event. Your conversational partner has revealed reasons for attending the event and told you the biggest challenge in their busine
When to walk away
Some assets are not easy to liquidate or move, so you may have to abandon that business systematically: making all further investment decisions on a zero base (ignoring investments sunk so far); selling bits off when you can; and milking the unsaleable parts for income without further investment.
Minimising people pain
Of course these decisions will impact your employees. Some jobs may need to go now to enable you to employ more people later. If you treat people with care and consideration and talk about your plans, they might suggest ideas for improving the business that you would appreciate.
Choosing to invest or divest
If you have several businesses, you could rank them by earning power and market potential. By selling the lower-earning businesses, you increase average returns of your portfolio. You also get a better focus, and y
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