Category - Organisational Development

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1
How Do You Build A Great Corporate Culture?
2
Business Plans – Why and How
3
Contents of a Business Plan
4
Build Value In Your Business By Going Away For Three Months!
5
Plan With An Eye To The Outside

How Do You Build A Great Corporate Culture?

I have been trying to find the exact quote but not had success. Peter Drucker, the renowned 20th century management consultant and management author is said to have said “Culture eats strategy for breakfast.”

Despite not being able to find the exact citation, the phrase certainly paraphrases much of Peter Drucker’s work.

So what is corporate culture, and why is it so kick-ass?

Read More

Business Plans – Why and How

OK, you’ve heard me talk about business plans before.

And if you haven’t, what? You really need to check this out at https://teikoh.com/?s=business+plan

Well, this week I’m going to talk about what the business planning process involves, and how you have to include the “why” of your business, why does it exist?

You see, people forget that business plans are written to be read. Yes, that’s a revolutionary thought isn’t it?

People think that business plans are boring internal documents that you write so that you can follow them step by step to grow your business. No. That’s called a to-do checklist.

Business plans are written to be read – by you, by your team, by outside investors, by supporters, by people close to you. Yes, they form the basis of what you have to do in order to grow your business – but more than that, a business plan is a story of what you have to do in order to grow your business to become the business that you want. This takes much more than a list of things that are your goals and a list of actions to achieve those goals. This means that your business plan has to be a reminder, an inspiration, it must attract people, it must make them want to be part of your story as an investor, as a team member, as a customer, as a fan.

So, let’s take a look at the why and how of the business plan process.

Read More

Contents of a Business Plan

People often ask me “what should I put into my Business Plan?”

I thought I’d deal with that this week and talk about the contents of a Business Plan.

This video is part of my online course “How To Start Your Own Business”.

If you are a startup entrepreneur, or someone who is good at what you do and while working for someone else you think that you can “do it better” it’s useful to understands the steps you have to take in starting your own business.

Of course, once you have worked out your personal strengths and weaknesses, tested the feasibility of your idea and designed the right business model for you, you will need to prepare a Business Plan. Your Business Plan clarifies for you what you have to do to get to your ultimate goal, and it shows others (financiers, supporters) how you have thought through the business-building process.

 

 

If you are interested in finding our more about my online course “How To Start Your Own Business” click here.

Even if you already have a business, I think you will find a couple of nuggets there that you can use, like how to design the right Business Model for you, and the questions you ask before you choose your accountant, lawyer or IT professional.

I give weekly tips and tools to grow your business from my blog, so if you don;t want to miss out, why don’t you go to teikoh.com and sign up to get these free ideas delivered directly to your inbox.

Build Value In Your Business By Going Away For Three Months!

Has the title of this week’s article got your attention?

Like many entrepreneurs and small business owners you are probably struggling with your work-life balance, right? You are working long hours, sometimes weekends, when you go on vacation you can’t help feeling the guilt, your phone or tablet is always on and always calling for your attention even at all hours of the night. Yet the reason you started your own business, apart from the passionate belief in what you are doing is…getting time to do what you want.

Just stop for 10 minutes (yes, you can!). Ask yourself why you aren’t able to find that “life” part of the balance. Do these reasons sound familiar?

  • I need to really pour myself into this to make enough money at the moment
  • I’m really busy because I can’t afford someone else to do some of the work
  • It’s all in my head so I can’t let go
  • I haven’t broken through financially yet
  • I’m ultimately responsible
  • As I expand there’s even more work to do
  • Only I can do it
  • There’s just so much to do
  • The work comes with success

Think about those reasons just for a minute. They all come down to the fact that there seems to be a lot to do and you are the only one available or capable of doing it. Read More

Plan With An Eye To The Outside

When you wrote your last business plan, did you go on a “retreat”?

That’s what most people do – they clear out some time and take their team out of the workplace so they won’t be disturbed, and they spend a couple of days discussing what’s going on in the business and how to improve it and set goals and strategies.

But here’s what’s wrong with this approach – more often than not you discuss and find solutions for problems and opportunities from inside your business, and forget that it’s external stimuli that will have serious and unpredictable effects.

So you go along and implement your plan only to have, one day —– WHAM! A big problem from outside hits you where you weren’t expecting.

Watch this week as I discuss how to plan with an eye to external factors.

 

 

Let’s summarise – use PESTLE to analyse and think about the external factors that could have an impact on your plans:

P for Political, being any political changes in your region that could have an impact;

E for Economic, requiring you to look at the local, national and global economy;

S for Social, asking what social trends are happening right now that could affect your business;

T for Technological – what is happening in and outside your industry that is affected by tech changes, social media and so on;

L for Legal, looking for potential changes to the law that could impact your industry;

E for Environmental, including the environment as well as surrounding factors – can any development here affect you?

If you want more of these free tips, tools and resources to help you grow your business, click here and sign up to get them sent directly to your inbox every week.

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