As I repeated numerous times, I still meet SMEs and family businesses that fail to get the basics rights. If there is one area where this is the case, it's credit management.....and in the current crisis the past failings of credit management (or shall i call it mismanagement) are now coming back to haunt businesses …
Author: Silvan Mifsud
Malta’s Economic Forecast
I believe it is understandable that drawing an economic forecast in such turbulent and uncertain times is extremely difficult. On the 19th October, as part of the Budget Speech, Government projected that whilst Malta's GDP will fall by 7.4% (real terms) in 2020 when compared to 2019, Malta's GDP will then grow by 5% (real …
Business Re-Engineering and Transformation Scheme
As I said in various instances, with all the difficulties that the present pandemic induced crisis has brought about, I think it has also created an excellent opportunity to look at your business and see how best to re-engineer it, solve issues that have been hindering your business for many years and transform your business …
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Having a Micromanaging Boss
As I expressed in my previous articles, I sense that besides the COVID-19 pandemic we also have a micromanagement epidemic. While you might resign yourself to accepting the rules and customs set by a micromanager, it doesn’t have to be that way. Despite how powerless you might feel, micromanagement can be fought, can be avoided, …
Do you feel you are drowning?
We’re surrounded by negativity everywhere we turn. The news we read, social media and conversations we have. We absorb stress from our family, friends and colleagues..... by now some of you must be feeling drained, that notwithstanding all your efforts in saving your business....this is all hopeless. Stop a second and breathe. Let me try …
Global Economic Sentiment
It is important that we keep an eye on the Global Economic Sentiment, since ours is a very open economy, which heavily rests on the performance of various foreign economies we trade with. Notwithstanding the fact that many countries around the world are fighting a steep rise in the number of COVID-19 cases, research undertaken …
Mental Health
Saying that many business leaders are feeling stressed out right now, would be most probable the understatement of the century. We are all dealing with a particularly overwhelming time. Research studies indicate that though anxiety is felt by people of all ages, 18- to 39-year-olds report the highest rates of anxiety and depression across the …
Family Businesses and their difficulty to adapt
A little more than a month ago I have shared with you an article called "A Heartfelt Appeal to Family Businesses". You can read it by clicking HERE. I still however face, on a daily basis, the difficulty for family businesses to adapt to the reality that is surrounding us. Now is the time to …
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Remote Working
I still see businesses struggling with remote working. This becomes evident every time we have a spike in COVID cases and the need to work remotely starts taking priority. I fully understand that working remotely comes with its set of challenges. The lack of face-to face interaction is surely felt. I sense trust issues from …
Budget 2021 – An Overview
To get an overview of the Budget 2021 measures announced today, click below: BUDGET 2021 - An Overview
A Business Blog for SMEs & Family Businesses 