Fortune Favours the Brave
At Prime Strategies we love graphs. This one below encapsulates the behaviour of many SME’s (Small to Medium sized Enterprises) showing why they don’t go on to become the huge success that they originally intended to be. It demonstrates that when we are risk taking,…
5 Risks to face when you create a start up business
By Sreekanth Ravi for Entrepreneur. “Starting a business has never been more exciting. The startup economy is rich with opportunity, innovation and potential. But at the same time, it is also fraught with high-stakes risks. And while it may be scary to take that leap of faith,…
Is a Company the right business structure for you?
Choosing the correct business structure when you start out in business is very important for a number of reasons – not least that the wrong business structure may be costly to change later on. Often people assume that they need to form a company to…
Launching a new venture? Here’s how to beat the odds
By Clark Gilbert & Matthew Eyring for the Harvard Business Review “For nearly 20 years the case study used to introduce Harvard Business School’s Entrepreneurial Management course has been Howard Stevenson’s “R&R.” It looks at Bob Reiss, an entrepreneur who launches a venture in the board-game…
7 Steps for Business Growth – The Do’s and Don’ts!
Business growth is really exciting – you have a great product, you’re reaching the right people – but it’s crucial to have a sturdy business plan. Here’s a list of 7 things to check your performance against. Do: Research, Set goals, Get feedback, Target new…
Owning a business is not a job
I talk at length to my clients about how owning a business should not be thought of as having a job. It may feel like that at times, however a business should be an answer to what the owner wants from life – owning a…
Is your business ready to grow? Take the quiz
Growth and innovation take the right plans, adequate resources & a dose of attitude to succeed Are you at the right stage for business growth? We’d love to introduce you to one of our nationwide network of Business Advisors who will sit with you to…
The purpose of a Business Plan in 5 Simple Points
“A business plan is an important tool for managing and growing your business. A well-designed plan lays out a vision of growth and the steps needed to get there. A plan is also an essential communications tool for attracting financing for your business as well…
15 expert tips: How to write a great business plan.
Writing a good business plan can be a make or break step for a SME Business in the fast paced New Zealand market. A strong business plan gives your investors, stakeholders and your team insight into where you have been, what you have learned, the…
Improving your business decision making skills
by Srini Pillay for The Harvard Business Review. We are faced with the need to make decisions every day. Should we bring product A or B to market? Which marketing strategy should we use? Of the choices that we have available, who is the best…