Though it is one of the most common and most talked about mistake, I keep seeing it done and repeated in various businesses. The mistake of promoting people into managerial positions based on their technical skills and knowledge, rather than ability to lead, manage and communicate. Then the inevitable happens. The inevitable is that such …
Your Employees’ Work Ethic
I meet many business owners who complain about the work ethic of their employees. Work ethics is a set of moral principles or values that an employee abides by and uses in their job performance. Work ethic is the ability of an employee to have an attitude to perform his/her job duties with high moral …
Using Leadership to Communicate Effectively
Many times I see business leaders, literally suffering as they find it so hard to persuade anyone else to follow their vision. It seems many business leaders fail to grasp how they can influence people around them. Which is why I keep repeating that communication is no longer considered a "soft skill" for business leaders, …
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Leadership Training – Setting you FREE
In my role as a family business consultant, I many times coach and train CEOs, top managers and family business owners on leadership. Such training is mainly intended to give an opportunity to such persons to look within themselves and understand that what’s going on inside themselves and how that is influencing their actions. I …
You are as good as your last show
Once someone taught me that "you are as good as your last show". He meant that you are to remain humble and not let any past success get to your head. He meant that any decision needs to be approached with an open mind and based on its own merits after carefully considering the present …
EU’s Updated Economic Outlook
The EU Commission has today just issued it's updated economic forecast. Overall the EU economic forecast is that we should be bottoming out in 2023, with an outlook to return to overall economic growth across the EU in 2024. On a general perspective accross the EU, notwithstanding a projected contraction of GDP in the fourth …
Train your Managers (2)
In my last Blog Article I spoke on the importance of having line managers well trained and coached in Leadership & Emotional Intelligence, Communication and Teamwork. We call this training as the foundational training. It is truly the baseline of what we used to call "soft skills". I prefer calling them "core skills". No person …
Train your Managers!
Everywhere I go, I get flooded by business owners with the huge problems they have with their human resource. Many of these problems are related to attitudes, reliability and performance. Many business owners feel at a loss at how to improve the attitudes and boost the performance of their team members, especially when they find …
What determines the value of your Company?
Many times I find myself having to handle the difference between how business owners view the value of their business and how investors would view the value of any business. Investors would base themselves on detailed, quantitative valuation models on which they would base themselves before making any investment decision and at what price. Surprisingly …
Budget 2023 – An Overview
Government is forecasting that it will remain in a budget deficit at least until 2025. Government is forecasting a public debt level that will go from over €8 billion in 2021 to around €12 billion in 2025, with an annual deficit of almost €1 billion forecasted for 2022 and 2023. This will mean that the …
A Business Blog for SMEs & Family Businesses 