Should We Innovate or Stick to Our Knitting?
Should We Innovate or Stick to Our Knitting?
I have seen many business owners grapple with whether to strengthen their core operations or pursue growth through innovation. The ideal answer I believe is to embrace both strategies.
Understanding the Difference Between Profit and Cash Flow!
Understanding the Difference Between Profit and Cash Flow
Business owners often interchange the terms "profit" and "cash flow", without really understanding them. I have seen this often and at times have lost focus on that in my own businesses over the years.
Surviving in business when times are tough!
Launching a new business or running an existing one is no easy feat, and navigating through challenging times can be particularly daunting.
Statistics indicate that as many as 20% of small businesses fail in their first year, with as much as 80% not making it past the five-year mark. The struggles of becoming and remaining viable are real.
Here are some valuable insights for guiding a small business through adversity.
Are You Thinking of Buying or Selling a Business but Don’t Know Where to Start?
Are You Thinking of Buying or Selling a Business but Don’t Know Where to Start?
Buying or selling a business is a significant decision that requires careful consideration and expertise. The process can be complex, with numerous factors to work through carefully.
Does Planning for Growth and Success Really Work?
Does Planning for Growth and Success Really Work?
In today’s dynamic business landscape, the question of whether planning for growth and success truly pays off is more relevant than ever. At SAS, we firmly believe that strategic planning is essential for any organisation aiming to thrive.