Tag: Risk Mitigation

Business Risk during the Festive Season

Author: Stewart Clark

As we take the run into Christmas, most business are focused on getting things finished so they can wind down for a bit of R ’n‘ R over the Christmas & New Year period. Naturally, those in Retail are still geared up until after the post Christmas sales and Hospitality, will run hard until the holidays […]

Removing phone barriers for greater Business Success

Author: Stewart Clark

In business, the humble phone is such an important tool – yet many business owners will not dial a prospect or debtor. The reasons for this span from; a simple lack of purpose, through to a real phobia or fear, however the outcome is the same – the call is not made – and this […]

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

Author: Stewart Clark

I want to run my own business, so 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 […]

The Wallet Size Multi-Tool for Business

Author: Stewart Clark

If you admire gadgets or clever design, then you will most likely have one of those nifty little tools’ which have dozens of attachments enabling you to; cut, bend, clamp, squash, saw or sew. They come in a range of colours and sizes, from pink micro versions to hang off your keys to the bulkier silver […]

Business Data – “is it a valuable asset or an expensive handicap?”

Author: Stewart Clark

It’s well recognised in many corporate environments that data quality is a large and expensive issue.  For banks & insurance companies with risk data, retailers with stock, marketers with poor lists, and countless others who rely on accurate financial info – poor data quality is an issue as it breeds inefficiency, increases expense and robs […]

Business security – thieves won’t be taking a holiday

Author: Stewart Clark

With just on a week to Christmas, businesses are generally finalising last minute sales, delivering product orders, sorting through end of month accounts, preparing for New Year sales, confirming the staff leave roster, and even…. finalising the details for a staff Christmas break-up! What’s normally left off the pre-Christmas “to do list” is security – physical and virtual. […]

What information should I use to run my business?

Author: Stewart Clark

It’s that moment where you are sitting amongst a pile of information – numbers, graphs, returns, production numbers, stock levels, customer surveys…….all with seemingly important information……but what does it all mean……what information should I use to run my business? These are the questions which are being raised more and more with the rise of technology, as we tend to have […]

What if I didn’t read the business contract?

Author: Stewart Clark

Have you ever heard, “…what if I didn’t read the business contract before I signed it?” Unfortunately I have, with my default response being, “the devil is always in the detail”. So if you have not read your document, then the chances are that the “detail devil” will cause you trouble. Experience has shown me […]

Clear Business Process + Strong Execution = Great Savings

Author: Stewart Clark

Regardless of whether you are selling burgers to a young family with three tired kids or producing “O” rings for the space program – there is always a cost when your process fails – it’s just the magnitude that varies. For a minute, let’s consider the more trivial of these two examples and look at the world through the lens […]

Business – when Good Times go BAD

Author: Stewart Clark

How much risk are you carrying in your business – do you know……and what are you doing about it? Someone once explained Operational Risk to me as the classic, ‘good times gone bad’ situation, where one or more of the things which have made the business successful, suddenly go wrong – and often….very wrong! Perhaps a clearer or simpler description of operational […]

10 Banking Essentials

Author: Stewart Clark

You would not skydive without a parachute, so don’t do business without these. From a banking perspective, every business should have these 10 items in their kit bag to either save, make or protect money – whilst maximising their banking relationship. Assess whether your business has these as you go (Yes/No responses) and be honest – pass/fail thresholds are at the end. a contact (or preferably three) […]

12 Costly Risks for Business

Author: Stewart Clark

Murphy’s famous law about what could go wrong is just as applicable in business as for any other part of life – with the key learning being that you always need a Plan B! The majority of risks in business can be predicted and quantified as part of an assessment of the business and how/where it operates. For most businesses […]

10 Mistakes to avoid when Selling your Business

Author: Stewart Clark

With lots of blood sweat and tears, you have built a business over time which is worth something…. and now you want to sell it. Some would say that the hard work has been done, but you can’t take your eye off the game at this crucial time – as it could blow up in […]

Fail to have a Business Plan is Planning to Fail in Business

Author: Stewart Clark

“Fail to plan is planning to fail” – Winston Churchill. Even though this well used line receives universal acceptance in conversation……. few businesses “walk the talk”. If fact, based on a number of recent business reviews it’s obvious that more planning goes into an overseas holiday, than many business owners put into planning for the success of their business. Few businesses were actively “not planning”, […]

Sure Fire Business Killers

Author: Stewart Clark

Operating a business has its challenges due to the many and varied issues drawing on the owners time – people, product, sales, collections, just to name a few. Thus it’s no wonder that many business owners operate “in” rather than “on” their business – which has its dangers. Heading the list of dangers is the loss of sight […]

My Business is Up for Sale!

Author: Stewart Clark

The sale of a business is typically an emotive situation for the business owner…… and in the majority of cases, something that they are very unfamiliar with. So if you are thinking of selling your business, then consider the following 6 ingredients for a good business sale experience. Clarity on why you are selling This is normally an “ice-breaker” question […]

Business Finance – On the Hook!

Author: Stewart Clark

For those who have borrowed money, you would be aware that financiers are always looking for a primary exit (repayment) source – normally via the repayment from business operations AS WELL AS a secondary exit just in case everything turns sour.  Most people get the simple fact that if they default on the loan, the financier will look to […]

The Financial Shopping List for Business

Author: Stewart Clark

With countless finance products in the market – which one should I take? This is an FAQ from most businesses at some point, so this simple shopping list should take some pain out of the process. To start, it’s not so much a case of which product you should take, it’s more a question of which one do you need and realistically, what is […]

But I didn’t see it coming!

Author: Stewart Clark

All too often this is the catch cry after a major incident…..a show stopping incident…..a business crippling incident… But after the dust has settled and the emotion has been removed from the discussion, the real question is “WHY didn’t you see it coming?”  Show stopping incidents in business – the ones that have the ability to cripple […]

The Business Debt Trap

Author: Stewart Clark

Debt comes in two forms – Good and Bad. Successful businesses understand the difference and actively manage their position. Over the years I have seen many businesses struggle (and some crumble) under the burden of debt – with the debt load literally hanging over the business like a tree branch waiting to fall in a strong wind. Using a simple test before taking […]

5 Avoidable Banking Mistakes for Business

Author: Stewart Clark

As with most things in life – learn the lessons of those who have gone before you. Over my years working with businesses and lending money, I have seen a number of simple mistakes that have cost people a lot of money. To save you the cost of these, I have jotted down 5 of the most common mistakes that I have seen, along with simple yet effective suggestions to […]