Category: management
Essential Business Calculations: A Guide to Financial Metrics
Here are key calculations for businesses, including formulas for markup, stock turn, weeks stock, profit margin, and more: Profit Margins Gross Profit Margin Gross Profit Margin = (Revenue – Cost of Goods Sold) / Revenue * 100 Operating Profit Margin Operating Profit Margin = Operating Profit / Revenue * 100 Net Profit Margin Net Profit…
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The Hidden Value of Non-Linear Career Paths: A Fresh Perspective on Hiring
The Traditional Career Ladder: A Double-Edged Sword Linear career progressions have long been the norm in many industries. You start as a good sales assistant, become a proficient salesperson, and then move up to assistant sales manager, sales manager, and eventually, sales director. It’s a well-trodden path that many of us are familiar with, and…
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The £1 Million Barrier: Why Many Businesses Struggle to Scale
As a succession planning and business exit expert, I’ve seen countless businesses start with a bang, only to hit a wall when it comes to scaling up. It’s a frustrating experience for many business owners, and it’s one I’ve helped many companies overcome. Today, I want to explore why so many businesses struggle to grow…
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The Business Model Canvas: A Critical Look at Its Origins, Advantages, and Limitations
I’ve seen countless tools and frameworks come and go. One that has stood the test of time, however, is the Business Model Canvas (BMC). It’s a tool that’s gained significant traction in the business world, particularly among startups and innovation-focused companies. But where did it come from, and is it the one-size-fits-all solution it’s often…
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Top-Slicing Budgets: The Lazy Approach to Cost-Cutting
the reasoning behind top-slicing, its potential pitfalls, and alternative approaches that can lead to more sustainable cost reductions.
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The Startup Rollercoaster: Why UK Ventures Fail and How to Avoid the Pitfalls
As an entrepreneur and small-time investor, I’ve seen my fair share of startups come and go. The UK startup scene is vibrant and full of potential, but it’s also fraught with challenges. Today, I want to take a look at why startups fail, especially in the UK context, and explore ways to avoid these common…
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