There seems to be a new global phenomena. The Americans have called it the "Great Resignation". It seems that the pandemic has pushed employees to rethink their careers, work conditions and long-term goals. Those workplaces that are now attempting to bring their employees to the office, all the time, are being faced by the employees' …
Author: Silvan Mifsud
Budgeting
This Friday we will kick-off Q4 2021. It is usually the time of the year where companies should be finalising their annual budgets for 2022. However, I am amazed at the vast amount of businesses that do not bother with budgets. Many bring up the excuse that the minute the budget is concluded it is …
Dealing with Constant Change
As we all know by now 2020 and 2021 have shown how much and how quickly change can happen. However I believe they also stand as warning signals of what's ahead. The future will not be more stable or certain. The future — whether that’s this afternoon, next week, next quarter, next year or the …
No time to die!
Now that we are likely nearing the stage when many direct covid related government business support measures will be reduced or completely stopped, it is good to ask what businesses should have or need to do to stop them from dieing and perishing. Let us rewind the tape a bit first. When the pandemic hit …
If you can’t get the basics right…..
Recently I needed to order a new garage door. I contacted 3 garage door suppliers via email to come over and take the necessary measurements and give me a quote. This was the experience. Supplier A: They called me a few minutes after I sent the email and gave me an appointment for the following …
The Owner Mindset
I get asked this by virtually all business owners I meet. How do I get my employees to think and act more like business owners rather than just employees. It is a difficult question to reply. First of all, the culture context does not help. Many employees are short sighted enough to think that they …
Common root causes of issues in Family Businesses
I have been advising and working with Family Businesses, long enough, to know that the root causes for the multiple issues and problems faced by family businesses are always the same. As a business leader of a family business, you may think that the issues you face are somewhat unique - the context may be …
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Mandating the Vaccine
This is most probably the mother of all controversial and thorny subjects, at this precise moment. However, now that the FDA has fully approved Pfizer’s Covid-19 vaccine, I strongly believe that businesses and society at large need to take all steps necessary to normalise the act of getting vaccinated. Vaccine hesitancy is and has been …
Use the data!
Although virtually all SMEs gather a good amount of data, my experience has shown that few use it or use it to its full extent, to drive decisions within the business and to capture opportunities and minimise risks. Many SME business leaders feel that driving their business with data to allow their business to grow …
Change or Perish
Notwithstanding all that we have been through, with the advent of the pandemic, I still see businesses and business leaders struggling with the adaptation to change. Some seem to be hoping for a post-pandemic era which will revert to the same reality of the pre-pandemic era. All indications are that increasing volatility, complexity and rapid …
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