Decision Making

Tips, advice and solutions for business owners wanting to grow or improve their business

I want to run my own business, so now what?

I want to run my own business, so now what?
I want to run my own business, now what?
 
I've heard this line on many occasions over the years. Bright eyed and highly energised potential business owners with a concept for a business that they want to run. Of course, as every experienced business owner will tell you, it's actually not that simple to run a business - successfully and profitable.
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( Posted in: Business Management )

Why you should consider more than just the Easy Option

Why you should consider more than just the Easy Option

In a world where speed appears to be everything, often the compromise that is made is to take the generic or easy option. This has become so common in business, that the generic option is often the only option put forward – whereas there is generally many ways to skin a cat.

Now whilst I have no issue with a simple, cheap option when you can get it – the critical point is ensuring that it is the right option.

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( Posted in: Business Management )

9 Point Test to evaluate if a new Product Idea is Viable

9 Point Test to evaluate if a new Product Idea is Viable

We have all had them, the “business epiphanies” or “golden ideas” which come to us over the weekend whilst swinging a golf club, doing laps in the pool or just mowing the grass. In the moment….. these new product or service ideas are the perfect combination of simplicity, profitability and marketing brilliance.

By Monday morning these moments of creative thinking have….started to tarnish….

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( Posted in: Business Management )

Making Sound Business Decisions

Making Sound Business Decisions

In all businesses, small or large, actions are often taken in the moment – reacting to a symptom rather than making a fully informed decision based on the cause.

Symptom management is a very frequent occurrence, with the management decisions based at a superficial level to arrest what is the perceived cause - which in the bulk of cases is not the true underlying driver.

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( Posted in: Business Management )