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 …
Author: Silvan Mifsud
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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Leaders Need to Rest
As business leaders face continuous stress & pressure, the expectation is that they need to work more to be productive. That is not entirely true. Everyone has a stress saturation point and with a complex business environment, business leaders are experiencing higher demands and pressurised decision making. The result of this increased pressure on business …
Mastering Delegation
Business leaders increasingly find themselves having to make requests in order to get stuff done. The main problem is often than not, they just don’t know how to do such a request. Often, business leaders feel that by the time they make a request and explain what it entails, they could have just done the …
Elemental
Last Sunday I took my 8 year old daughter to the cinema, to watch the latest Disney animation film, called Elemental. I thought I was up for a couple of hours of mindless fun. Little did I know, that the main story was about a family business and the succession planning issues that one finds …
Your first enemy is Yourself
It is a common mistake that high achievers and technically sound persons are promoted to leadership positions. Many find it difficult to do the so called "mindset jump" and so they end up feeling excluded for the teams they are supposedly leading, being constantly pulled in different directions and constantly solving daily operational issues. Many …
Communicate with Kindness
It could be the heat, it could be stress or it could be ingrained in our cultural background, but something that strikes me is that many business leaders fail at communicating with kindness. Communication is already difficult in itself. I lost count how many times I have gone to meetings, gone through endless traffic, only …
Mistakes are necessary
In theory, most leaders know how important it is to delegate challenging tasks to employees both to help them grow and create a collaborative, empowered and productive teams. As i said, in theory! In reality, when faced with real workplace demands, it can be tough to put this into practice. Many of my clients say …
IKEA – A case study that underlines the importance of a strategic mindset
As you know, I keep repeating that one of the main common weaknesses of various family businesses is that they are stuck in an operator's mindset, whereby the ownership and leadership of family businesses are completely overtaken by dealing with daily, operational matters and rarely ever find any time to look around them and position …
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EMCS turns 40 – What makes businesses stand the test of time?
This year, EMCS turns 40. A great milestone. However this set me thinking about what makes businesses stand the test of time. Below are some insights from leading research. Research indicates that businesses that stand the test of time, have the following common ingredients. These are a (i) A Sense of Purpose (ii) Good Servant …
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A Business Blog for SMEs & Family Businesses 