Sounding Board Meetings

Sounding board meetings are typically group forums designed to elicit opinions about a particular matter. Some small business owners use these types of meetings to troubleshoot new product or marketing ideas, while others use them as problem-resolution platforms. Sounding board meetings can be very advantageous, as they can help a small business owner discover breakthrough…

Sales Forecast

Projection of achievable sales revenue, based on historical sales data, analysis of market surveys and trends, and salespersons’ estimates. Also called sales budget, it forms the basis of a business plan because the level of sales revenue affects practically every aspect of a business.

Strategy Implementation

Strategy Implementation refers to the execution of the plans and strategies, so as to accomplish the long-term goals of the organisation. It converts the opted strategy into the moves and actions of the organisation to achieve the objectives. Strategy Implementation is the technique through which the firm develops, utilises and integrates its structure, culture, resources,…

Stock Control

Stock Control is the practice of balancing the need to maintain inventory levels against its cost. The ideal outcome of stock control is a minimal investment in inventory, while still being able to fulfill customer orders in a timely manner.

Strategic Planning

Strategic Planning is an organisational management activity that is used to set priorities, focus energy and resources, strengthen operations, ensure that employees and other stakeholders are working toward common goals, establish agreement around intended outcomes/results, and assess and adjust the organisation’s direction in response to a changing environment. It is a disciplined effort that produces…

Scale-Up

A scale-up company is one that is showing strong, consistent growth – whether in terms of revenue or customer base. All enterprises with average annualised growth greater than 20% per annum, over a three year period, with at least 10 employees at the start of the observation.

Selling a Business

Selling a business is often the culmination of years of work. It is not something that many managers or owners do more than once. You have to get it right first time. The right advice and thorough preparation are vital when you come to sell. Understanding the sales process will help you choose the right…

Succession Planning

Succession planning focuses on identifying and growing talent to fill business-critical positions in the future. In the face of skills shortages and a lack of confidence in leadership potential, succession planning has gained popularity, and is now carried out in both large and smaller organisations.

Statutory Accounts

Statutory accounts are a legal requirement for Limited companies large or small. They have to be provided to the shareholders (members) – a requirement stipulated by the Companies Act, these accounts also have to be filed with Companies House for each accounting period.

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