Running your own business can be both rewarding and challenging. You can often feel you’re alone, constantly seeking solutions to obstacles you bump up against or discovering there’s yet another skill set you need to learn. It is often likened to a rollercoaster ride for good reason: one minute everything is flying along, and the…
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Running a business can be stressful and demanding. Particularly during the earlier stages, it can feel lonely at the top. You might find yourself: Struggling to evaluate and make key decisions, sometimes making no decision at all. Regretting your decision to not take an opportunity because you feared the unknown. Concerned that you do not…
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Industry analysts, consultants, employees, and good networking contacts can share their expert knowledge with you regarding particular situations and needs you may encounter. However, only a business mentor can truly share wisdom with you on an ongoing basis, and in a way that can have a direct, positive impact on the growth of your business…
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The world is in a state of crisis with the covid-19 pandemic crippling businesses and causing heartache for business owners. Since March 2020, the United Kingdom has been faced with a varied state of lockdowns, local lockdowns and the introduction of the new tier system. All of this uncertainty is affecting SME business owners to…
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When you picture yourself in a room or building, having multiple available exits is not just a matter of convenience, it’s a matter of safety. The same applies to owning and running a business: establishing an exit strategy, a plan for eventually leaving and/or selling the business, is part of smart entrepreneurship, and lends a sense…
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Most people want to grow a business and sell it or retire at some point in time as well as take some capital value out in the process. Succession planning is therefore something that should always be on the agenda. Indeed, the older you get, proper succession planning becomes more and more necessary. Once you…
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Whether you’re attempting to increase market share, improve profitability or build your team, every company is trying to grow. Unfortunately, business owners will inevitably encounter challenges and experiences that will trigger pain points and create potential barriers during the business’ growth process. In this article, EFM Growth walks you through the five stages of business…
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Business advisors can be a valuable asset for an entrepreneur, particularly for a first time start-up a company. A business advisor is different from a co-founder or investor. They aren’t looking for a piece of your business and are usually interested in a mentoring-style position where they can provide you with advice and perhaps take…
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Managing a fast-growing business presents both opportunities and challenges. The chance to become an industry leader is attractive, but it comes with the risk that demand will outstrip capacity. To avoid that pitfall, you need a strategic plan that’s backed by adequate financing, empowered employees, and the right information and communications technology. So how does…
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