The Importance of Budgeting Every Year
The majority of business owners we work with do not like budgeting. Whether it is because of a lack of excel skills, understanding the construction of how Profit and Loss or Cashflow statement are compiled or the fact it can be boring budgeting on your…
Dealing with stress
I doubt that anyone manages to live their life totally stress free. If you do congratulations, you would be one of a very few unique people. Regardless of the position we hold or the work we do, most of us have stressful situations that we…
The Business Owners To Do List
Most small business owners will have a ‘to-do’ list in one form or another, and for a select few it is all they need as they instinctively trade their way through their current business day, week or month. They manage to regularly achieve what they…
86,400 seconds each day, invest them wisely!
For those amongst us who use Apple products such as iPhones, have you ever wondered why the snooze function on the alarm is set at 9 minutes? Why not 5? Why not 10? The answer on the internet, according to most experts (usually self-proclaimed), is…
What gets measured gets done!
A simple process for identifying KPIs for your business. The reasons for monitoring KPIs in your business are well known, but it is surprising how many businesses large and small don’t monitor any KPIs other than cash in the bank, or at best profit. And…
Managing your interactions and yourself!
Managing your Work Environment In business every detail counts and ultimately translates to greater efficiency, productivity and ultimately profit, whilst making the job more enjoyable. What can I do about improving my work space environment? Below is a prepared checklist of common time bandits for…
Free TV
Over the recent months we have all seen the effects and have also been affected by the Covid-19 pandemic. Many of the measures taken to combat the virus were unprecedented and this created much uncertainty in our lives – both at home and at work….
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,…
Are you using the 7 C’s of Communication? Or is it 10 C’s?
What makes for great communication? According to the methodology outlined in the Mindtools video below, clear and concise communication (oops, spoiler alert!) requires 7 C’s: Clear. Concise. Concrete. Correct. Coherent. Complete. Courteous. Watch the video and let us know what you think – is this…
9 smart ways to get the most out of meetings
Veteran financier Ray Dalio has been in every kind of meeting: the good, the bad and the ugly. Here’s how he keeps his meetings focused and productive. In 1974, Ray Dalio founded the hedge fund Bridgewater Associates, and it’s now the world’s largest, managing roughly $160 billion. Here…