Those of you who read my many Blog articles, know I have a soft spot for Family Businesses. Hence why yet again I find myself writing about them. Family-run businesses can experience serious complications for a variety of reasons, including family conflicts and poor management. How can an independent director on the board help in …
Continue reading Family Businesses: The need for an Independent Director
Since the start of the pandemic many businesses have literally scrambled to e-commerce to try and make up for the loss of business from more traditional sources. In many cases it was a panicked reaction which at best can be described as a partial shift to digital. However, to make that shift sustainable, businesses need …
EMCS conducted an updated survey on matters related to COVID-19 between Thursday 12th and Thursday 19th November 2020, whereby a total of 571 surveys were collected. The sample represents a 95% confidence level and a confidence interval of 4.1%. Below please find the insightful results of this survey:- •With 70% responses, the general public is …
The best business leaders have seen that, in the midst of this pandemic, their companies are able to operate at an unimaginable pace and with so much resilience and creativity, so much so that they want to hardwire these behaviours into the organisation they lead to remain present even after the pandemic is gone. However, …
You might know by now that I have written various Blog articles on the need for Business Leaders to stop micromanaging and to delegate. Yet I still see business leaders who are overburdened and overloaded with tasks, instead on focusing on the highest priorities and delegating tasks to others. When I challenge such leaders I …
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 …
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 …
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 …
Continue reading Business Re-Engineering and Transformation Scheme
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, …
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 …
A Business Blog for SMEs & Family Businesses 