Although things have been changing in recent years and the developmental role in SMEs is acknowledged more, it is nonetheless still given too low a priority. Curiously enough, in this respect, the predominant approach seems to be approximation, intuition and improvisation. Yet it is possible to see development as a process in its own right. It …
When an organisation stops growing and needs to move to the next stage, or wants to engage in a real growth project, it’s essential to communicate a vision, to give direction each employee, to guide and inspire them. Indeed, a thriving business is one which is constantly rethinking, reorganising and changing strategy, without ever ignoring its …
It’s a fallacy that external growth is reserved for large groups and flourishing companies! Smaller, strategy-savvy SMEs can embark on this adventure too, accelerating their development by years. Here’s a few tips on how to navigate the process: 1. CAREFULLY EVALUATE THE true benefits OF EXTERNAL GROWTH Many SMEs consider that external growth is full of pitfalls: …
After more than 20 years dedicated to improving SMEs, we can identify 3 powerful ways to increase the value of a company. Any potential buyer will want to know not only how much wealth the company has accumulated since its creation, but also, what its wealth creation potential is. The Owner/Manager cannot rewrite history, so if …
