New balls please!

There is a science behind building a successful business. A formula. A process. Much like building a bridge, or a car or a house. It starts with planning and preparation, collecting the resources and raw materials required and assembling them in the right order so that they all fit together. In manufacturing it’s called design…

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The financial crisis no one is talking about.

Auditing is not a sexy subject. But in recent years the auditors of our major businesses have let the public down to a staggering extent. Let me start by restating why audits were introduced. In the 19th century, to encourage trade, businesses were allowed to become limited liability companies, meaning that the liability of the…

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Does your team go the extra mile?

​In last week’s Sunday Supplement I wrote about coaching your team for the behaviours you want in your business. No sooner had I pressed the ‘Send’ button than I received an email from Paddi Lund about motivating your staff. He pointed out that a fundamental frustration that almost all entrepreneurial business owners face is motivating…

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This couldn’t happen in your business…..could it?

You may not have heard of the company but you will almost certainly have heard of its brands Bargain Booze, Wine Rack, Bibendum and others, despite which Conviviality plc, the brand owner, went into liquidation last week after making three profit warnings in just over one month. Another example of an avoidable business failure by…

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