It might seem like a very weird concept but let me explain why the most effective people and businesses are made of Lego. We find ourselves in a world where things are constantly changing. Businesses need to adapt if they are to thrive, or even survive. The same applies to…
The trouble with the environment in which we live is that everyone needs to change, all the time. We keep hearing about the “next big idea” electric cars, alternative power, the four day week, remote working etc etc. but if you really want major change then forget big ideas. Small,…
As an accountant I like nothing better than a good set of numbers to consider. The problem is that numbers are only meaningful if they are used for the purpose for which they were prepared. That’s why we must remember that accounts are not designed for effective decision making. The…
Last year 2020/21 359,115 students graduated from UK Universities of whom 46% were awarded a 2:1. According to a report by Trading Economics, World Bank figures show the percentage of the UK labour force who had undertaken some form of advanced education was 84.51% and yet in November 2022 a…
You know the feeling. You get to the end of the day and suddenly realise you have been really busy but achieved little or nothing. There is no way you can define your day as effective. So, where does all the time go? A recent article in the Harvard Business…
In the first part of these blogs An SME Is Not A Small Version Of A Large Company Part 1 we looked at many of the differences between and SME and a large business. Now, in An SME Is Not A Small Version Of A Large Company Part 2 we need to…
For most of my working life I have worked with Small & Medium-sized Enterprises and occasionally large companies and I can tell you they are very different. Not just in the obvious way in that one is bigger than the other but in almost every way. What so many people…
A while ago we discussed why Effective Organisations Respect Their Competitors and why getting better is the most effective way of competing. Don’t look on your competition so much as competitors and more as rivals. There will be some things they do better than you (not necessarily cheaper) and so learn…
If you spend any time looking at economics you will come across the concept of price makers and price takers. This is all good stuff in theory but in practice competing on price is a very dangerous thing to do. So, how to effectively avoid competing on price. Economics identifies…
How to be effective against competition in both our business and personal lives? Competition is the biggest worry for so many. Businesses are always worried about the competition and how to beat them. Individuals are subject to competition every time they go for a job interview or try to buy…