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A gift from the Government! Ease your cashflow and Build your Pension, all at the same time – is this too good to be true? November 20, 2008

Posted by businessgrowthmastery in Entrepreneurial, Financial Management, General, Vision & Strategy.
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A couple of years ago, the Government changed the rules surrounding Pensions, allowing those with a Self Invested Personal Pension (SIPP) to invest in their own business.

A number of specialist providers have assisted many organisations to do so and the impact can be amazing on both your business finances and your personal pension assets.

However, since 1 October 2008, this opportunity has got even better!

Why – well although you have been able to contract out of the State Earning Related Pension Scheme (SERPS) since April 1989 – these funds being known as Protected Rights – it is only since the beginning of October that you have been able to have the same investment freedom if these Protected Rights are invested into a SIPP.

So how can this benefit you and your business?

Click here to find how…

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Independent Contractors – how can you take advantage of their flexibility? October 21, 2008

Posted by businessgrowthmastery in Entrepreneurial, IT/ Technology, Leadership, Operations.
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Do you have a list of projects that you want to commence but never seem able to get around to starting?

For many small and medium sized businesses this is a real issue – there just never seems to be enought hours in the day to get everything done.

However, there may be an answer to these challenges and again it is something that we can learn from larger corporations. Many entrepreneurs manage to deliver quickly and efficiently by using a corps of independent contractors, who provide flexible, skilled help just when the business needs it and more importantly only when the business needs it!

Many entrepreneurs use professional contractors for two reasons – flexibility and variety. You can select a contractor with specific skills to undertake a specific projects and then once completed, end the contract and move onto the next one.You have no issues with hiring, firing and morale.

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Coaching – can it help you and your business? October 21, 2008

Posted by businessgrowthmastery in Entrepreneurial, Mastermind Group.
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It’s official, coaching is now a billion dollar industry experiencing explosive growth and it’s here to stay!

So says the Executive Coaching firms!

But my question is whether it can help you and your business. Just because the vast majority of CEOS and senior Executives of the worlds largest firms take advantage of regular coaching, how can this be translated to the needs of owners and leaders within small to medium sized firms?

In a nutshell, I believe that your needs are equally well served through the use of a Coach. Leadership, Financial Management, Team Development, Performance Management, Effective Sales and Marketing and Exit Strategies are common themes raised by growing businesses.

are common themes raised by growing businesses.

Almost every challenge a business owner faces can be addressed in one of these six areas. The good news is that Coaches have the answers.

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Our Olympic Success – what can it mean to your business… August 26, 2008

Posted by businessgrowthmastery in Entrepreneurial, General, Mastermind Group.
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I’ve been away on leave for the last few weeks, hence no recent Blogs. Whilst relaxing, I’ve been taking in the Olympic Games – what an amazing experience for so many different reasons.

Who would have thought that China would put on such a super games – the challenge to London to better it is massive.

The GB Team have exceeded probably their own expectations – a massive well done to everyone within that team – they have done us all proud.

Whilst watching the games and being in London when the ‘Host City’ was handed over, I started to think about what as business owners we can learn from this and I remembered a Podcast that I posted back in May – it’s probably worth listening to again if you haven’t already.

Here it is….

Business Growth Mastery Podcast

Please let me have your comments.

SME Entrepreneurs – all effort, little impact? August 7, 2008

Posted by businessgrowthmastery in Entrepreneurial.
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Having read Luke Johnson FT review of “The Illusions of Entrepreneurship” by Scott A Shane, I was left wondering why we all bother…

The premise of the book is that

the entrepreneurs who matter economically are the select few who start innovative, super-successful firms. These tend to be the larger, well-capitalised projects planned by professional teams, not sole operators. All the other small new businesses created every year are pretty irrelevant in terms of job creation and value added. So, if you are not working on the new Microsoft or Google, then give up – you are not going to amount to much!

I find this mentality amazingly frustrating. It simply ignores the fact that micro-enterprises account for over 95% of all businesses and employ over 50% of the working population.

Yes, I’m sure that we would all like to create the next google, or at least generate the type of wealth that google has created for its founders, but being realistic, by applying a simple blueprint for business success,

we can create significant wealth, massive employment opportunities and add value to the economy.Yes, being an SME entrepreneur is hard but I believe that the impact that we have is massive and long may it continue.

500 interviews – distilled into 8 secrets of success… July 28, 2008

Posted by businessgrowthmastery in Entrepreneurial, Leadership, Uncategorized.
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I’m always on the lookout for good stuff to feed my mind and it helps when the material is presented in a light hearte way!

a week or so ago, a friend referred me to the following video and although it is just three minutes long, I’m sure that you will agree with me that it is worth every second of your time.

Apply these secrets to your business and you will be successful. These are the basics for all business growth.

8 Secrets of Success Video

 

Let me have your thoughts

9 ways to improve cashflow in your business! July 11, 2008

Posted by businessgrowthmastery in Entrepreneurial, Financial Management, Leadership, Mastermind Group.
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Of all the business tips I’m asked about, one of the most frequest realtes to how to improve cashflow. As you will realise, cash is king – without it, you’re dead! So it is vital that you implement a structured approach to improving the cash position within your business.

Incidentally, my response to the question is to point clients in the direction of the “9 steps to improving cashflow” – see below;

Implement the following 9 ideas to improve the cashflow within your business;

1. Use cashflow sales checklists.

For sales people, get them to ask every single customer to make another add-on purchase with the one they’ve already made. A great way to do this is to have a shopping checklist of what the customer could buy.

2. Use cashflow payment checklists

. For your administration team. Have a checklist of your customers and when their payments are due. Set up reminder e-mails/SMSs/and faxes for each customer to ensure their payment is received on time…. Read more

 

Thriving in a Downturn – Part 3 – getting your head right! July 11, 2008

Posted by businessgrowthmastery in Entrepreneurial, General, Leadership, Mastermind Group.
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I recently held a tele-seminar on this topic and was amazed at how many people in the audience didn’t grasp the importance of “getting their head right” when looking to succeed in business and drive growth within their business.

The seminar considered the impact of the ‘Law of Attraction’ on buiness sucess and highlighted a four step process to improving your future prospects – I’m in the process of setting up a download of this seminar via the website – www.businessgrowthmastery.com – so if you’re interested – keep an eye out.

It is probably wort reiterating the four step process here so that you can all start to implement it now;

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How to manage excessive pay demands June 18, 2008

Posted by businessgrowthmastery in Entrepreneurial, Financial Management, Leadership, Mastermind Group, Vision & Strategy.
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Alastair Darling, the UK Chancellor has come out today warning that trade unions guard against a ‘disastrous return to 1970’s style inflationary pay demands.

He is right to be concerned as the global economy is feeling the impact of inflationary pressures on oil prices, the cost of food and increasing energy costs. Although the official inflation rate in the UK is quoted at just 3.3%, it is well established that if you take just these three core items, the the rate would be well north of 8%.

So as a business owner, how can you guard against excessive pay demands?

On the one hand, you need to ensure that you pay a fare salary, otherwise you are likely to struggle to retain top talent. Having said that all the research that I have seen is that money is lower in the priorities of the employee than it is in the perception of management.

Let me explain.

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Thriving in a Downturn – Part 1 – How would you like this next year to be 14 months long? June 12, 2008

Posted by businessgrowthmastery in Entrepreneurial, Leadership, Mastermind Group.
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Time is something that we all have equality in. No one has any more time than anyone else. However, what if I can show you a way to give you an extra 2 months in every year – what do you think you’d do with this extra time?Successful people in all walks of life put a high value on time – it is after all, the one thing that once lost can never be reclaimed.

So, if you are to thrive in the coming weeks, months and years it follows that you need to really maximise the time that you have available. Success tends to come from working smarter rather than harder. I’m not a strong believer in burning the candle at both ends – you need to get a good balance between focused effort and recuperation. The question is how you can improve your time management skills to allow you to achieve this.

Before we look at a proven way to improve your time management skills, let’s look at the 7 key time wasters;…

 

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