In order to define your real value proposition and competitive advantage, you need to ask What value is my business offering? What makes my business unique?
Define your value proposition and competitive advantage
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business leadership series Articles
Marketing is critical to growing your business
Ask yourself this basic question when debating if marketing your business is vital: ” How will prospects find out about our business and what we offer?”
How long is your Operating Cycle?
The operating cycle is the measure of the time it takes a business to get paid for a product or service after it receives the inventory or order for it.
How to be happy in life. First become self-aware.
The continual search for discovering one’s passions, exploration and ultimately living a life of complete happiness, can mean very different things for everyone. But if one can laugh and feel joy, then why can’t they feel like this all the time?
Leaders cannot drive change in the organisation unless they are connected to their employees
A connected leader knows how to engage on a personal level, can foster innovation and collaboration, is proactive and calm-under pressure possesses strong self and social awareness and welcomes change.
To be successful in business, leaders need to focus on value creation
The question in the minds of the consumers is, “Does this product or service benefit me?” and most importantly, “Is the company I’m purchasing from providing me with good value?”.
Staying relevant in everchanging environments requires leaders to have foresight
The environments today are constantly and rapidly changing. So why are leaders still using many of the management and strategic thinking techniques developed during the 2nd industrial revolution? Instead of finding ideas which, are not useful nor relevant to today’s environment, leaders should instead create new ones.
Successful leaders are required to learn, unlearn and relearn, faster than the rate of change
In 21st century organisations, how employees work and where they work from, changes the way the modern-day workforce is lead and managed. This dominant logic might prove difficult for some modern-day leaders, but it is imperative that they adapt to the volatile world and handle challenges with maturity to avoid being derailed.
Create a growth map as the business plan that beats the competition
In order to follow up on the assessment, that was explained in the previous article "How are you spending your time in lockdown?", it is an opportune moment to plan the journey for your business with a growth map that beats the competition. The first step is obviously...
14 Questions you need to answer about your business
To be a company that’s holding on, building, or even growing. You need to know the answers to these 14 basic questions about your business.
Could business rescue save you during the coronavirus lockdown?
Many businesses are going to be unable to survive the lock down caused by the CORONAVIRUS (COVOID-19) pandemic. Business rescue could save you from dying. MDR Solutions helps provide some clarity on the matter.
Is your business able to remain open during the Coronavirus lockdown in SA? See if you are on the list.
On Monday, 23 March 2020, President Cyril Ramaphosa announced a 21-day countrywide lock down which exempts only a few critical services and businesses from closing their doors. See if you are on the list.
PART 2 – How to read a Balance Sheet like a novel and take control of your journey
Analysing the Balance Sheet The balance sheet basically illustrates the financial position of a business at a specific point in time and shows where the money came from and where it is being used. Determining the businesses financial performance The best...