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Are you missing out on the benefits of budgeting

Are you missing out on the benefits of budgeting

Larger companies prepare regular budgets or forecasts. Yet, in most owner-managed businesses there are no budgets or forecasts. Ask them why and they’ll give you all sorts of reasons. They haven’t got time. The current climate is so uncertain its nearly impossible to...
Are you missing out on the benefits of budgeting

Getting Better information from your Accounts

I remember once attending an Insolvency Update. One of the speakers, who regularly works on examinerships, commented on the lack of good accounting information in most of the companies that go into examinership. This really struck a chord with me. In most of the...
Are you missing out on the benefits of budgeting

Why invest in Management Development

While attending a recent induction session for the SCCUL Mentors Programme, I became aware of a 2010 report by Forfás on Management Development in Ireland. You can find it here. The Report quotes findings from a McKinsey review of management practices across 14...
Finding time for Strategic Thinking

Finding time for Strategic Thinking

This blog update comes from Mindshop Colleague, Paul Hopwood. You can check their website out here. Paul is a longtime Mindshop Member and is one of the Support Coaches for Mindshop members. Very often, the biggest constraint for business owners is their time. Those...
Finding time for Strategic Thinking

Unit Price v Total Cost

Today’s blog update comes from Mindshop founder, Chris Mason. “In today’s ever increasingly competitive global market the question on how to compete on price always comes up. People believe that the only way to compete is to be the lowest price supplier of their goods...