Whether you are aiming for increased sales, more efficient production, better use of IT or simply a reliable team that can solve its own problems, training is often the best solution. Training can turn an employee from mediocre to good, and make a good person excellent.
Building long-term profitability allows you to grow your business and the personal rewards you get from it. Creating and increasing profitability depends on doing many little things better than the competition.
Every business can benefit from minimising its environmental impact. Complying with environmental laws and doing your bit to help the planet also delivers direct business benefits.
Whether you are the managing director or a shift leader, the way you lead is the single biggest success factor for everyone you work with. Aim to make the most of your strengths and develop key skills such as communication, delegation and effective decision-making.
Incentive pay can be a good way to recognise and encourage employees, motivating them to work better for your business. A badly thought-out scheme, on the other hand, can be divisive and demoralising.
Managing people takes time and resources. You can save yourself a lot of time and effort by having clear policies on many everyday issues.
An intranet provides a private website that can usually only by accessed by people within your business. It can provide better access to information, help to co-ordinate people and resources, improve customer service and reduce your costs.
Your business plan should be the roadmap for how you run your business - and it’s vital if you want to attract finance. Follow our tips to create your plan.
Successful companies use board meetings to create and improve key business strategies. A similar approach can benefit smaller businesses and strategy meetings in general.
As the owner-manager of a small or medium enterprise, your own financial affairs are likely to be closely entwined with the way you run your business.
Good advisers can make a huge difference to a business. From the start, they can ensure that a new business is set up the right way, with effective financial systems, the right contracts and an understanding of the key legal issues.