Efficiency is doing the thing right… Effectiveness is doing the right thing!
Managing your own time against the multiple demands of running a business is difficult enough but when it comes to managing employees’ time and productivity it can be a mammoth task. However it’s hugely important for the running of an efficient and profitable business. In…
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,…
How to build a company where the best ideas win
What if you knew what your coworkers really thought about you and what they were really like? Ray Dalio makes the business case for using radical transparency and algorithmic decision-making to create an idea meritocracy where people can speak up and say what they really…
5 Ways to prepare for change & engage your team
A great article by the aptly-named Peter Economy for inc.com. Buy-outs, downsizing, staff changes, market changes – there are so many ways a business can transform literally overnight. While these moves often help a company remain competitive, they can also result in profound changes to…
Insights into becoming more resilient
One key business skill that is frequently over-looked is resilience. Being in business is an ever-changing journey, as markets wax and wane and industries evolve with technology – and all businesses face challenges that test the mettle of owners and managers. We liked these 8…
Why Managing Your Direct Reports is Essential for Success
The moment your business gets large enough that you need staff, you have a staff management requirement. Our experience shows that staff management is one of the most neglected skills in the SME market in New Zealand. Four ways to build a powerful team You need…
The Business Advisor Paradigm – Cost or Investment?
What impact will a business consultant have on your SME business? Let’s begin to answer that with another question. What do The All Blacks, an Olympic Gold Medallist and Bill Gates have in common? They all employ a coach to help them: “Create the perfect…
4 Rules for your business
Rule No. 1 You must understand — and be comfortable with — the way the business works. First and foremost, you have to understand and be comfortable with how the business acquires (or, in the case of start ups, intends to acquire) new customers. I…