In part one; we explored growth by acquisition as a means to gain economies of scale and size.
Part two, we will explore organic growth - the act of growing your business in two ways - winning customers and getting more out of the customers you already have.
In previous articles I have discussed the Next Online Giant and the Perfect Business. In this article I discuss the challenges in giving global enterprises a local flavour.
There’s something comforting about familiarity.
For example whenever I travel, there are some things that are new and different (which is great, because that’s why I travel), and some things that are pleasantly familiar. It might be something as simple as a Starbucks, a restaurant chain, or a hotel chain. With many global brands and franchises, it doesn’t matter where you are; it still feels local and familiar, so much so that once you are inside you can easily feel right at home. Its human nature to like familiar things, we feel more secure and safe.
What was your vision when you first wanted to become a business owner? Did you just want to build a business that would fund your dream lifestyle? Maybe your desire was to have a company that would one day provide for a great retirement. Or perhaps you wanted to start a company, sell it for billions, and spend your time buying islands like Richard Brandson.
No matter what you saw yourself doing, you’ll never get there unless you grow your business. Successful business owners understand that starting a business takes hard work and commitment. Now that you have your business up and running, how can we take it to the next level?
Imagine spending your time at board meetings and getting paid well beyond the average Australian salary to do it. Very few people have built the profile and expertise to become a full-time company director, however being a director on a board can be very rewarding for the savvy business-person.
The term 'refers to an independent person who sits on the board and has no other employee-based role within the business, whereas the term 'executive' director relates to those employees who also reside on the board.
Most of us think we know a little bit about copyright but, as Alexander Pope (whose writings, you will be reassured to know, are now well and truly out of copyright) wrote, “A little knowledge is a dangerous thing”!
While many of us create, use and enjoy copyright materials every day, there is widespread confusion about how copyright comes into being, how ownership is obtained and what copyright does and does not protect. Here are some of the more common myths, misconceptions and mistakes.
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