Five Engineering Secrets Any Leader Can Apply To Grow Their Business

Article Source: Forbes Today, businesses operate in markets that are increasingly complex. Consumer preferences are dynamic and traditional business models are frequently challenged by disruptors. Internally, technologies, such as artificial intelligence (AI), present promising opportunities to transform every corner of the business, from sales and marketing to human resources. Faced with this changing landscape, many … More Five Engineering Secrets Any Leader Can Apply To Grow Their Business

LESSONS LEARNT FROM STARTING, GROWING AND SELLING A SUCCESSFUL ENGINEERING BUSINESS

Topics in this section: On Raising Finance  On Management Buyouts On Banks and Cash On the Balance Sheet On Financial Control On Human Resources On Marketing On Mission and Values On International Expansion On Board Structure On Pension Building On Preparing for a Sale On Negotiating the Sale On Post-sale Integration On Family and Business … More LESSONS LEARNT FROM STARTING, GROWING AND SELLING A SUCCESSFUL ENGINEERING BUSINESS

ON RAISING FINANCE

The opportunity to create our first business came through a ‘Management Buyout’ which I will talk more about in the next section. It may well be said that this is an easier option than trying to raise cash for starting up a business from scratch. The deal at the time was a relative small one, … More ON RAISING FINANCE

ON MANAGEMENT BUYOUTS

When the realisation dawns  that you have the opportunity to stage a management buyout, the first reaction of the team is likely to be euphoria, quickly followed by fear and panic. So… what should you do next? Take a deep breath, get your attitude adjusted (if necessary!) and get organised quickly. The longer negotiations go … More ON MANAGEMENT BUYOUTS

ON PENSION BUILDING

I would not attempt for legal and technical reasons to go into the maze of legislation and options related to pensions and pension planning.  This is a job for the specialists and I would urge extreme caution before considering any of the issues below. The SSAS (Small Self-Administered Scheme) is a piece of pension legislation … More ON PENSION BUILDING

ON BOARD STRUCTURE

No matter how small a company it is important to have a very clear distinction between the different roles and responsibilities of the various groups involved in a company i.e. shareholders directors and the management team. Even though there will be instances where the same people will have responsibilities in each group, if there is … More ON BOARD STRUCTURE