Anna Kovska Consulting’s Post

Why do some companies make it, while others flounder? 20% of businesses fail within two years and only 25% of businesses make it to their 15th birthday. - What are the most common things to get wrong? - What are the key elements to building a successful business? - Is there one critical thing to get right to succeed? - What are the main levers for profitable growth? How to prevent failure and how to ensure sustainable profitable growth are easy questions to ask while the answers can sometimes be too complicated and varied. The race to the top is certainly not simply to the swift in business, so what gives? Join Peter Hill on Thursday 6th June at 11am – 12pm on this free webinar with Be More Effective and Bob Hayward where Peter will be discussing ‘What separates a successful business from the rest’. Success in business is not about luck, good or bad. Most success is hard earned, and well deserved, and many failures were caused by poor management and so were inevitable. So the critical point to consider is, what is it that separates the winners and losers, the successful and unsuccessful? Join this Free Exclusive Webinar with Peter Hill - Build your Rocket Ship to Success. - Assess your performance in the key areas. - Understand what Vision is and is not. - Why Consistency in Structure, Systems and Culture matter. Click the below to book your place today. Don't miss this fantastic opportunity. https://lnkd.in/eQUN3Hvv

How do you know if your business is performing well? Gut feeling can take you only so far. You need to be able to measure your success and to do that, you need to know what to measure. We share some of our insights on KPIs you can use for your business. #businessperformance #smallbusiness #businessinsights #KPI #entrepreneur

While many SMEs (small and medium-sized enterprises) thrive, a significant portion struggle to gain traction or face closure within their first few years. Identifying some of the most common reasons why small businesses fail, - we can address potential pitfalls within our business. Pitfalls include: Lack of Market Research: Failing to conduct thorough market research can lead to products or services that lack market demand or are not priced competitively. SME owners should meticulously research their target audience, competitor landscape, and industry trends before launching. Flawed Business Model: A well-defined business model lays the roadmap for success avoiding operational inefficiencies, unsustainable pricing structures, or difficulty attracting funding. SME owners should critically assess their business model, ensuring it aligns with market needs and offers a clear path to profitability. Ignoring Financial Management: Cash flow is the lifeblood of any business. Poor financial management practices, such as inadequate budgeting, failing to track expenses, or neglecting financial reporting, can quickly lead to financial strain and even insolvency. SME owners must prioritize financial literacy, developing a strong understanding of their finances and implementing robust financial management practices. Inadequate Marketing & Sales Strategy: Building a loyal customer base is crucial for any business. Without a well-defined marketing and sales strategy, reaching target customers and converting leads into sales can be an insurmountable challenge. SME owners need to be strategic in their marketing efforts, utilizing a targeted approach that leverages effective channels to reach their ideal customers. Weak Leadership & Management: Leading a team effectively is a core skill for any business owner. Micromanagement, poor communication, or a lack of clear direction can demotivate employees and hinder productivity. SME leaders need to cultivate strong leadership and management skills, fostering a positive work environment that empowers team members to contribute their best. Failing to Adapt to Change: The business landscape is constantly evolving. Businesses that cling to outdated practices or fail to adapt to changing customer preferences or market trends risk falling behind the competition. SME owners need to embrace agility, remaining open to innovation and adapting their strategies to navigate the ever-changing business environment. https://lnkd.in/g49_Pq5B #smallbusinesspitfalls #selfemployment #businessadvice #selfemploymentassistance #bemyownboss #mentoring #smallbusiness

How to grow my business? 📈 This Masterclass will explore the key capabilities that every CEO / CFO / 'CXO' should have for Strategic Planning. Join us online for FREE on the 19th of June (09:30 am - 11:30 am) 🚨 Book now > https://lnkd.in/ej4y8mdX 👈🏻 Paul Holmes #GrowMyBusiness #FreeBusinessEvent #Masterclass #BerkshireBusiness

🌟 A call ! 🌟 Thrilled to share that my journey in business excellence, as featured in the Daily Monitor, has inspired me even more to continue extending my expertise to help businesses thrive! 💼 As a seasoned accountant and successful business owner, I've witnessed firsthand the transformative impact of strategic planning and consistency, both in my own business and in the businesses we've had the privilege to help thrive. ✨ Now, I'm extending a call to action to support businesses of all types in reaching their full potential. Whether you're seeking assistance with financial management, operational efficiency, or strategic planning, I'm here to lend a hand! 🚀 With a unique blend of accounting acumen and entrepreneurial experience, I offer tailored business development services to unlock your business's full potential. 📈 Let's collaborate to overcome challenges, implement best practices, and pave the way for sustainable growth and success! Reach out today to take your business to new heights. 🌟 #BusinessSupport #Coaching #BusinessExcellence #Entrepreneurship #ConsultingServices #Growth #UgandaRising

When times are tough, it's hard to know where to direct your focus to move your business forward. The Icehouse's new blog highlights common concerns and strategic solutions cropping up in conversations so far this year! 1. Getting clear on your strategy AND communicating it with your team (A 2017 PwC survey shows that 93% of employees don’t understand their company’s strategy!!) 2. Managing expectations 3. Sound financial decision making 4. Prioritising & utilising what you have over what you want 5. Building closer partnerships Read the blog in full below 👇 https://lnkd.in/gauyDE2x

It's not too early to start planning for 2024.   Now is the time to review your vision and plan your long-term goals. Need to get in the planning mindset? Check out one of my favorite free webinars from last year. Cultivate breaks down best practices to help you get a head start on your business planning.   #entrepreneur #trustedadvisor #businessowner #cultivateadvisors #owneroperators #smallbusiness

For news and insights that business owners can use, bookmark our blog. We regularly post helpful content that covers subjects like: 📈? Sales and revenue improvement 💵? Business finance and profitability  🎯? Launching a business successfully You'll love our content - bookmark us and enjoy tips that can support your entrepreneurial journey into 2024 and beyond. #business #entrepreneurship #success #finance #profits https://lnkd.in/giWgC9R6

Embrace the unknown and take the leap! 🌟 As a family-owned business consultant, I believe that growth comes from taking risks and adapting to change. Remember, the biggest risk is not taking any risk at all. Let's navigate the ever-changing world together and create a strategy that leads to success! Reach out to learn more: Hello@SiderRoad.com #businessconsulting #familyownedbusiness #businessquote #takearisk

"Thrilled to serve and support business owners and entrepreneurs in achieving their goals! With my extensive experience and understanding of their challenges, I'm committed to providing innovative solutions that drive success. Through my leadership and strategic guidance, I empower individuals to navigate the complexities of the business world and unlock their true potential. Let's connect and embark on this transformative journey together, creating a thriving community of forward-thinking professionals ready to make a lasting impact. #CEO #BusinessSupport #Entrepreneurship"