Business Mentoring Noosa

Helping small businesses on the Sunshine Coast to fulfill their true potential

Business

Is Your Business Bloated?

By BMN

In an organisation of any size that has been around for a while, your Management Organisation Chart will most likely have a bad case of bloat.

This can be for all sorts of reasons including:
Adding more staff to support weak staff in place rather than replacing them.
Not letting “nice people” go – perhaps to (allegedly) maintain morale.
Takeovers and mergers not accompanied by staff adjustments…
To resolve business bloat, we look at “Span of Control”, which refers to the number of direct reports a manager should have.

https://mailchi.mp/01147c2bb848/wtips-140519

This article suggested by our mentor Scott W

Is Your Business a Dog?

By BMN

The Boston Consulting Group (BCG) Growth/Share Matrix is a quick way to visualise what activities are going to be the most productive and which are Dogs, best to get rid of.

It can be easily used to measure such things as: Growth Products, Staff Productivity and New Business Opportunities.

https://mailchi.mp/cfc2c3501c08/wtips-070519

This article suggested by our mentor Scott W

Profitable Start Ups

By BMN

Many people are attracted to the idea of starting and growing their own business. In most countries there are literally millions of Small Businesses and all of them have been started, at some point, by a person highly motivated and excited about starting their business.
However, this is a highly risky and quite traumatic experience for many.
In this article, we introduce several of the issues that a start-up needs to consider. We also suggest a far less risky approach to getting yourself into business. If you are starting a venture capital funded, high-tech, business without much business experience, the startup techniques here can also help you.

https://mailchi.mp/d1ca56f9ddd7/l68t21ce3i