Why is Diversification the Way to Think About Growing Your Business? Why Diversification is the way to think about growing your business. In this fast-moving digital age, where innovation is driven by technology, diversification is the way to think about growing your business: Artificial intelligence (AI) and machine learning are automating more and more jobs and […]
Business Consulting-ERP System Implementation Guidelines in 2025
Introduction No matter what type of business you are in, implementing an “Enterprise Requirements Planning System” (ERP) solution is a critical project that must be taken seriously and must have backing from top management if it is to succeed. From concerns about cost and demonstrating ROI, to practical considerations about who will manage the process […]
Why Do Businesses Create An Annual Financial Budget?
Introduction Ask most small/medium sized business owners what an annual budget is, and they will likely respond with something like: a financial plan for a firm’s future that projects revenue and expenses. Ask them if they have one, however, and in many cases, you will get a variety of excuses why they don’t. When running […]
What exactly is Strategic Planning and Why is it So Important?
What exactly is Strategic Planning and Why is it So Important? A strategic plan acts as a guiding document on the vision and strategies for the organisation. This helps ensure all divisions, teams and leaders are aligned in their focus on a common vision and the strategies / actions required to be implemented to achieve […]
4 Keys To A Succesful Business Mentoring Relationship
Before addressing 4 keys to a succesful business mentoring relationship we need to understand the difference betwen mentoring and coaching. Some confusion exists between the sometimes-interchangeable use of the terms ‘coaching’ and ‘mentoring’ when applied to the development and support of leaders I believe the confusion exists because many people have been using the terms […]