Success in business is about a few things going right and other things not going wrong. It is certainly not a black art. Most business issues can be controlled to an extent albeit some will involve an element of luck and timing. However with better positioning, management and a resilient balance sheet luck becomes far less important.
Joe Carr identifies six key success factors to support SMEs to reach the bar of superior performance and to stand out from the crowd.
Many business owners may be successful entrepreneurs but not very good businesspeople. Eugene McMahon offers some pointers to SME owners who wish to become better managers.
By Graham Clifford.
A severe lack of liquidity across Europe means that 51 percent of mid-sized businesses would have to turn to external sources of funding after just three days, in the event of an unexpected drop-off in trading.