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The first step in any new business venture used to be writing a business plan.  I must admit I am not a fan of the business plan.  There are better, more customer focused, tools out there to plan your idea with.  Business plans are great execution documents in a known environment with sufficient certainty.  In...
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As a business owner why should you seek the advice of independent consultants?  Usually there are several barriers to doing so, time, money, trust.  These barriers are not insignificant, especially for a small business, so why make the commitment? Provision of information Information is valuable to a business.  Information on the business’s customers, its products,...
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5 characteristics which affect innovation success People often ask me how can we increase our chances of our new product or service succeeding.  How can we be sure that people will accept the new product?  How can we be sure that all the money we are putting into developing this will be worth it?  Before...
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The 5 Myths about Creativity in Business The smarter you are, the more creative you are: Research suggests that there is no correlation between intelligence and creativity once your intelligence level has reached a fairly modest level of an IQ above 120. There is no valid profile for the creative person nor is there a...
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Why Innovation Matters Innovation matters not only at the level of the individual enterprise but also increasingly as the well spring for national economic growth. An Australian government website states that “Companies that do not invest in innovation put their future in doubt. Their business is unlikely to prosper, and they are unlikely to be...
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Finding the right advisor for your business Maybe you are reading this pondering how on earth you can fill the various gaps you have in your business skills. OK, you have started your business doing something that you really enjoy doing, however you now find yourself having to be the Finance Director, the Marketing Director,...
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A recent Guardian article very usefully highlighted the many opportunities for small businesses to seek and access UK Government funding for development and growth. Contrary to popular opinion there are a number of opportunities for small businesses to gain financial support for their business. These opportunities are not restricted to high growth tech companies they...
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