If you have been following my articles on this Blog and my various economic analysis articles, I have been indicating that we are now likely entering a less buoyant economic cycle. This puts more importance to have family businesses shape up and sharpen their pencil on all fronts - be it corporate governance, strategic planning, …
Author: Silvan Mifsud
Are you Ready?
The latest Economic Update issued by the Central Bank of Malta indicates that in August 2023, the European Commission’s Economic Sentiment Indicator (ESI) for Malta fell to 102.5, from 107.7 in July. In month-on-month terms, sentiment decreased across all sectors. This Economic Sentiment Indicator is made up of various confidence indicators as shown in the below graph, which outlines the performance of each confidence indicator from January 2022 to August 2023. As seen above, in August 2023 the confidence indicator for the services sector fell below its long-term average of 19.6. decreasing to 5.7 from 23.5 in July. This was largely driven by a negative assessment of the business situation over the past three months. Moreover, confidence in the retail sector stood at 18.3, below the 23.5 recorded in the previous month, but still above its long-term average. …
WEBINAR – Managing People in a Tight Labour Market
On Friday 6th October I will be delivering a WEBINAR entitled "Manging People in a Tight Labour Market". I feel that this topic is extremely important as I am constantly faced with business owners at a loss as how to keep their best talent within their business, how to attract the best talent and how …
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Beyond the Leader
Earlier this week, I had one of those experience I love so much in my work. Following a number of training sessions, I sat down with the management team of a family business, to discuss how this business can grow beyond the time availability of its present managing director. Such discussions always evolve two main …
Change Yourself First
In the past weeks, I have been trying to hammer the fact that the business landscape is once more changing fast. We seem to be entering a new economic cycle characterised by high inflation and lower economic growth (Click HERE, HERE, HERE and HERE to read about it). However, notwithstanding all the change in the …
Look Around You
One thing I constantly push family businesses on, is to never stop looking around them. Many family businesses fall into the trap of getting engulfed in their daily operational world and rarely find time to join the dots of what is happening around them and how this will effect their business. As we face less …
1st Cohort of the Award in Leading a Family Business course is now full-up. New Dates for 2nd Cohort out soon!
I wanted to really thank everyone, for the tremendous interest and response we received with regards the first accredited course we launched as an "Award in Leading a Family Business". The 1st cohort is now full-up. We are presently working to open a 2nd cohort, which will start in February 2024. More details on this …
Business Strategy is not a Mystery
My experience with family businesses indicates, that many fail to consider the importance of business strategy, as they believe it to be something complicated that is way beyond them. Sheer nonsense. It is many times a case of a mental barrier. At it's core business strategy is simple. It’s a plan to create value. The …
A New Economic Cycle & Family Businesses
The latest Q2 2023 GDP figures seem to indicate that Malta is now entering a new economic cycle. First of all, if one where to have a general overview and compare the overall GDP growth rate in Q1 & Q2 2022 to Q1 & Q2 2023, from a volume perspective, you would see that when …
Launching the first Accredited Course in how to lead successfully a Family Business
The course, entitled Award in Leading a Family Business, is the first of its kind to be offered in Malta and has been accredited by the Malta Further and Higher Education Authority at MQF/EQF Level 5 (3 ECTS). This course will be officially launched during an event to be held on Friday 1st September at …
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A Business Blog for SMEs & Family Businesses 