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Category - Business

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1
Six Traits Every SME Leader Should Have
2
Managing A Mature Business – How To Keep Innovating
3
Growing Your Business By Setting It Up To Scale
4
Small Business Time Management
5
Small Business Leadership

Six Traits Every SME Leader Should Have

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

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

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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Small Business Time Management

One thing all owners of small businesses say is “I don’t have enough time.”

Interesting, because we can have different balances in our bank account, we can afford to hire different numbers of people, we have different tax bills, we can have different equipment in the business.

But I’m pretty certain one of the things we all have equally is time.

Look at the clock.

Mine has the numbers 1 to 12 and I’m pretty certain yours does too.

So why do some of us struggle to get things done and others seem to fit everything in easily?

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Small Business Leadership

As I was tidying some old files and briefcases in my home office, I came across an old notebook that I used to carry around with me all the time (see the cover image of this post).

What was interesting is that I found some notes about leadership that I was penning in 1993 – quite a few years ago!

I remember that at the time, I had just started my business 2 years before, after working in large international accounting firms for the previous 9 years, so I was keen to develop the culture of my own firm in a way that would differentiate it from other small accounting firms.

I had attended Business Schools in the US as part of my employment with the large accounting firm I was with and some of these notes came from a book called The Leadership Challenge by Kouzes and Posner.

I thought it would be interesting to provide my notes about Leadership from 1993 and see how much I had changed in my thinking.

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