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The Role & Responsibilities of the Company Board

The Role & Responsibilities of the Company Board

by | Dec 29, 2021 | Board & Governance, Board of Directors, Business - General, BusinessFitness, Culture, Excellence, Growth, Leadership, NEDs, Non-Executive Directors, Profitability, Strategy, Success, Valuation

Many small and medium sized business owners believe that they don’t need a board for their company, but nothing could be further from the truth. In fact, SMEs benefit even more from the experience and skills of a proper board than large ones, and by understanding the...
Drive your Business by Looking Through the Windscreen Not the Rear-View Mirror

Drive your Business by Looking Through the Windscreen Not the Rear-View Mirror

by | Dec 22, 2021 | Board & Governance, Business - General, BusinessFitness, Excellence, Growth, NEDs, Non-Executive Directors, Profitability, Strategy, Valuation

One thing I’ve noticed with board meetings over some 30 years of attendance is that far too many of them spend almost all the time on past results. We drive a car by looking primarily through the windscreen at the road ahead, not the rear-view mirror, so why don’t we...
“Control your expenses better than your competition. This is where you can always find the competitive advantage.” – Sam Walton

“Control your expenses better than your competition. This is where you can always find the competitive advantage.” – Sam Walton

by | Nov 15, 2021 | Business - General, BusinessFitness, Leadership, Profitability, Strategy, Valuation

Another great piece of advice from Sam Walton – creating an environment where you control your expenses (costs) gives you a great competitive advantage, particularly in a business that’s been going for a while. One of the biggest areas of potential saving is what I...
“Company culture matters. How management chooses to treat its people impacts everything for better or for worse.” – Simon Sinek

“Company culture matters. How management chooses to treat its people impacts everything for better or for worse.” – Simon Sinek

by | Oct 5, 2021 | Board & Governance, Business - General, BusinessFitness, Culture, Customers, Excellence, HR & Personnel, Leadership, Motivation, Productivity, Profitability, Success, Valuation

Company culture is both real and complex. A small company generally takes its lead from the founding members, but as the business grows, new people come in and this can cause disruption – both to original members who find themselves a layer further away from the...
Why a Proper Board is Essential, Even for Small Businesses

Why a Proper Board is Essential, Even for Small Businesses

by | Sep 30, 2021 | Board & Governance, Board of Directors, Business - General, BusinessFitness, Excellence, Leadership, NEDs, Non-Executive Directors, Profitability, Strategy, Success, Valuation

l3Many business owners believe that boards are for larger companies only, and small companies cannot afford the time or the costs of a proper board. This is very wrong! Although large companies need to have properly-constituted boards in terms of the Companies Act,...