I believe the UKs Turnaround Strategy is under further threat. This time as a result of our living and working in one of the leading democracies in the world! Now we have a fixed 5 year term for our sitting governments, and with serious election mode kicking in some 9 months before the vote (as […]
How to launch a successful Turnaround Strategy in the next 24 hours
In today’s world we seem to have instant access to everything. I thought it would be useful if I applied this same principal to Business Turnaround, and developed a checklist that could be used to put in place an effective strategy over the next 24 hours. It may of course be that the business is […]
The 2 hour Turnaround Strategy
Some time ago, a young aspiring business man, that was me, saw an opportunity to buy a business for not much money as part of the break-up of a larger group. The main cost of the acquisition was securing the bank’s facility, and once this had been done I moved my young family 100 miles across […]
UK turnaround strategy steaming ahead – 5 causes for concern
Great news that the IMF has upgraded UK growth for 2014 to 3.2% and that the UK economy is back at the same size as it was before the crash. Well done everyone; the Chancellor for sticking to the austerity part of his turnaround strategy, introducing Funding for Lending and Help to Buy; and most […]
4 turnaround strategies (that were not turnarounds)
What images come to mind when we think of a Company Turnaround? Is it the business that is in a major state of distress? Laying off staff? Not paid its creditors? Winding up petitions? Directors arguing? Empty offices? Massive stockpiles of unsold goods? Etc., etc. Whilst this of course can be the case in the […]
6 steps for Solving Business Problems – Creatively
Creative Problem Solving When I first learnt about Creative Problem Solving (CPS) techniques, I thought it was all a bit crazy and could never work in the real world. I WAS VERY WRONG. THEY WORK – I would urge everybody to give it a try Over the last 10 years, when dealing with business problems, […]
2014 Looking good but more SME business finance needed
In this first article of the year we review the drivers that are making 2014 look more promising for the economy and business growth generally. It seems that the majority view among UK businesses is that we are past the worst and looking forward to a better year. Nb Notwithstanding this new found confidence, […]
7 steps to find the right business support when you need it
When you start a new business it’s a very exciting time; when you have finally put your plans into place and taken that last bold step into the unknown. You knew your trade very well with lots of good connections, and you probably had a business plan giving you a well sign-posted route forward. The […]
UK turnaround warning – decline in consumer financial wellbeing
As we have mentioned in previous blogs, the UK economy is in large part driven by consumer spending. Hence, you and I make up around 60% of our £1.4 trillion economy. And, as we are all aware, things have been going a bit better recently in terms of the UK turnaround and recovery, with us […]
Interest rates at 2.5% – what effect on UK turnaround strategy?
It’s now nearly five years since the Bank of England reduced rates to the record low of 0.5%. Many of us will be used to average rates of between 5% and 7%, and some of us will remember rates at 15%, so this will have been a historic period of in terms of monetary policy, […]