Posts Tagged ‘business’

Smarter business exit decisions

Smarter business exit decisions

Should you be planning on a business exit or liquidity event for your business, back up a little and consider all your options, BEFORE making any major decisions. This post should start you thinking about the many options open to you in a business exit. Do any of these strike a chord? An acquisition opportunity is on the radar A strategic joint venture An unexpected approach from a trade buyer Realisation that its time to exit your business  Intergenerational transfer The irony of course is the bigger the challenge and the greater its consequences, it’s often the quicker the fix that is applied – which will inevitably come out of…

Looks like a balanced scorecard – but is it?

Looks like a balanced scorecard – but is it?

A management team that believes it has a balanced scorecard because it dutifully reports on its KPIs every month may likely be kidding itself. And such a mindset could be doing the organisation a disservice, as they say ‘having the ladder against the wrong wall’. Whereas most KPIs frameworks have grown ‘topsy’ over time, the balanced scorecard is a carefully thought through and agreed set of performance indicators providing early indicators of successful or unsuccessful business strategies – including more immediate problems on the horizon. Something your financials alone fail to provide. The scorecard is also aimed at getting people…