FOOD FOR THOUGHT

In this blog, we explore some of the common mistakes made when introducing a KPI dashboard into a business.

Business growth can be taxing––both on your bank account and on your energy levels. Here are three essential business growth strategies to help you overcome growing pains. Keep these tips in your toolbox for when you encounter expansion challenges.

Almost every business will face the daunting ‘Valley of Death’ before it becomes profitable. The key to survival is not avoidance, but preparation. By planning ahead with the right business growth strategies, you can minimise the time your business spends in the Valley and get back on track to profitability.

There are hundreds of business growth strategies––how do you know which one is right for you? The Ansoff Matrix is a good place to start. This tool helps businesses assess four common strategies: market penetration, product development, market development, and diversification. Here’s how the Ansoff Matrix works and some tips for applying it to your business.

Most people associate business growth with making big changes––but this doesn’t have to be the case. You don’t need to triple your business overnight; all growth counts, it’s cumulative. Here are four ways to achieve growth by implementing small, incremental changes.

Growing a business is hard. So hard that it may feel as though the challenges you’re facing are unique to you. However, most business owners share the same hurdles.

Business growing pains are incredibly common, but that doesn’t make them any less painful. The faster you can implement solutions, the better. Here are five signs your business is experiencing growing pains so you can get it back on track.

A good governance board will hold you accountable to your business goals by prompting regular discussion and reflection. Here are four key business growth questions your board should be asking you on a regular basis. These questions are designed to challenge you so you can identify opportunities to take your business to the next level.

Your advisory board (or board of directors) should evolve with your business. As your business grows, it will require new perspectives and skill sets. Here are some tips for identifying who should be on your board throughout each phase of your business.

Five years later, and Bellingham Wallace is still going strong. In an industry stereotyped as stagnant and traditional, we’ve dared to be different from the rest.