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The Importance of Traction 25 Aug 2011 | 03:03 am
While the phrase ‘traction’ has typically been associated with tyres, friction and slippery driving conditions, its use is increasingly common in entrepreneurship and venture capital circles. This art...
How Entrepreneurs Should Approach the Dragons’ Den 25 Aug 2011 | 02:51 am
The Dragons’ Den is one of the more popular business programmes on the BBC, with average viewer numbers in excess of three million . The format is pretty simple – entrepreneurs pitch the dragons (weal...
Who is in charge? 25 Aug 2011 | 02:38 am
Decisions are never straight forward. We all have to make decisions armed with the best information at our disposal at a particular point in time, weighing up the Pro’s and Con’s before deciding on ou...
Business Advice 24 Aug 2011 | 11:25 pm
Introduction While running a small business is very rewarding, it is not easy, yet more and more of us are being enticed into starting a business, encouraged by an increasingly supportive government,...
What to do When you Arrive Late to the Party? 24 Aug 2011 | 11:17 pm
Relying on academic management literature for guidance can be a fickle business. For example, while “first-mover advantage” was once lauded as the optimum strategy for market entry, it was shortly dis...
How to Measure Small Business Performance 24 Aug 2011 | 11:04 pm
When I am asked about measuring small business performance, my first inclination is to quote Lewis Carroll. In Alice’s Adventures in Wonderland, Alice comes to a fork in the road and asks: “Would you...
How Entrepreneurs Should Approach the Dragons’ Den 24 Aug 2011 | 10:51 pm
The Dragons’ Den is one of the more popular business programmes on the BBC, with average viewer numbers in excess of three million . The format is pretty simple – entrepreneurs pitch the dragons (weal...
Business Model vs. Business Plan 30 Jul 2010 | 05:29 am
This is the third of a three-part series. Read Part I and Part II. A business plan is essentially a more detailed version of your business model. A business plan has been traditionally understood as ...
Examples of Well-Known Business Models 30 Jul 2010 | 05:29 am
This is the second of a three-part series. Read Part I and Part III. The following are some examples of business models that are used by various businesses. The list is by no means exhaustive and is ...
Have you Optimised Your Business Model? 30 Jul 2010 | 05:28 am
This is Part I of a three part series. Read Part II and Part III. What is a business model? A business model is a description of how your business intends to operate and make money. At the most basi...
