Is my crystal ball any better than the next person? Who knows what the "PROBABLE" future is, but we know that many irreversible trends have accelerated in the pandemic and we see these trends among our TAB members. Take pubs for instance. In Ireland, approximately...
PJ Timmins In a recent TAB Board meeting, one of our members asked what other business owners are concerned about as they look towards 2017. Top concerns are: Pay increases. There is a lot of competition from better paid government and multinational jobs. Continued...
Brian Crowley, TAB Ireland, www.TheAlternativeBoard.ie Research has shown that once employees are paid “enough” to meet their needs (defined as “money is no longer a pressing concern”) that further financial rewards will have only a limited motivating effect. This...
You should always run your business as if it is for sale. It results in a tighter run business. We have found that in good times, when the money is flowing, we tend to be less cautious about what we are spending money on. When things get tough and we tighten up our...
To answer this important question try benchmarking your strategy against the following tests: 1. Do you have a meaningful competitive advantage? Is there something different about your offering v direct competitors, new sources of competition and potential new...
Engaged employees are enthusiastic, committed to and inspired by their work. They are emotionally connected to the organisation and keen to give of their best. They are alert to issues /opportunities on behalf of the company. It will come as no surprise that research...
As business owners, most of us wear multiple hats (Chief Everything Officer). Most likely, you don’t want it to always be this way. You need to be able to answer questions such as: where is your organisation today? Where do you want it to be? What is your role in your...
As a business owner, you are sometimes faced with failures (closing a location, hiring the wrong person, failed product launch, etc.) that shake your confidence. You also tend to take it personally since it’s a reflection of decisions you made. You have to accept that...
When you launch your business, the initial success is all about you, the business owner. However, growth also creates a need for more employees, which quickly tests your ability to lead people. Continued success soon becomes all about your ability to help your...
Try bench-marking your strategy against the following tests: 1. Do you have a meaningful competitive advantage? Is there something different about your offering v direct competitors, new sources of competition and potential new entrants ? Remember 'winners are...
Discover more by finding your nearest TAB Board facilitator.