Business | Teik Oh

Treat Your People Like A Big Business

Aug 17 2022

You may own and operate a small business. But if you employ people, there’s no reason why they should be treated like small people, ignored, just told what to do, undeveloped.

All businesses should treat their team with respect and just that – as “team” members, where everyone is aware of the rules of the game and where the goals are, and one where everyone pulls together and help weaker team members, using each person’s individual strengths for the good of the whole.

Larger businesses with, maybe, more resources spend time in the “People and Culture” Divisions, developing people, and making sure that everyone is on the same page about the company’s Mission, Vision, and Values.

But here’s the thing – even as a small business, you can do the same.

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Protect Your Business In Tough Times

Jun 15 2022

As we open up after the pandemic lockdowns, many businesses are yet to fully recover. In fact, some may never recover from the enforced closures and the extended reduction in demand as customers preferred to stay home to be safe.

While people begin to embrace this new world, it is still tough out there.

This means we have to think of ways to protect your business in tough times.

While it may not be possible to be fully proofed against these times, what is possible is to secure your business as much as possible by following some common-sense business strategies.

These strategies can be either “defensive” or “aggressive” strategies.

As your profit performance drops it is difficult not to panic and to tighten all your spending. However, you can tighten things too much. While it is natural to seek defensive strategies such as cutting costs, it is important to keep in mind the more aggressive strategies – those that your business should take to ensure that you are the one in your industry survives while others are closing down. Read More

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Six Traits Every SME Leader Should Have

May 18 2022

Having a great leader is crucial to the success of a business. In fact, positive leadership has been proven to improve employee engagement, especially in Small-Medium Enterprises (SMEs), which helps the company achieve its goals. A good leader also cultivates a positive workplace culture, which, in turn, encourages employees to be productive and loyal.

However, if you want to become a good leader, there are a few traits you should observe. Below are the six traits that every SME leader should possess.

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Managing A Mature Business – How To Keep Innovating

Dec 14 2021

This is the second in our series of articles on managing a mature business.

If you missed the first article, about managing the cash flow of a mature business, you can click on this link.

We have also completed our series of articles on Starting A Small Business and on Growing Your Business, and the links provided will take you to the first articles of those series if you missed them.

In this week’s article, we are (hopefully) going to recognise that your business has reached the mature stage in its life cycle, and look to renew the cycle before it drips into the next stage, which is the stage of decline!

But first, let’s refresh our memories to talk about the four stages of the business life cycle: –

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Growing Your Business By Setting It Up To Scale

Nov 23 2021

When you start your business, and as it grows, you will have a picture in your mind about where it will end up as your successful business.

The chances are that you see a business that grows and is prosperous, efficient, duplicating what it does for your clients now, but on a much larger scale, and repeating your success in bigger contexts.

This doesn’t happen by chance. You need to plan it, you need to set it up correctly so that it will scale efficiently rather than in fits and starts and discover all sorts of inefficiencies and roadblocks to growth along the way.

We will look at the steps you need to take, right now, before the growth spurts start, to set up your business to scale.

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Increase your sales through a highly focused marketing plan!

SMART Marketing: In this book, the owners of a small business are led through the SMART Marketing 7 Step Process to produce a marketing plan targeted at their most desirable customers. Any business can use these principles and in 4 to 6 weeks implement a plan to get them through the door! Find out how...

The SMART Marketing Workbook: Companion to “SMART Marketing”, this workbook sets out the SMART Marketing process in 7 workshops for you and your staff to complete questionnaires and templates that at the end, form the marketing plan you need to sell your REAL product to your REAL customer! View now...

Category - Business

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Treat Your People Like A Big Business

Protect Your Business In Tough Times

Six Traits Every SME Leader Should Have

Managing A Mature Business – How To Keep Innovating

Growing Your Business By Setting It Up To Scale