BizBites by Ethique Advisory

Start Smart: 90-Day Business Plan for Success Nearly 48% of private ventures shut down within their first five years, with 70% of startups collapsing between years two and five. The biggest culprits? Misreading market demand (42%) and running out of funds (29%). With stats like these, it’s easy to wonder— should anyone even start a business?  Feel like dropping your gloves before the fight begins? Well, what if we changed the perspective? Instead of focusing on the failed businesses, let’s look at the ones that  succeeded. What’s different about them? Successful ventures share several commonalities: a clear vision, well-defined goals, an actionable business plan, and a mindset that fosters learning and agility. Conversely, businesses that fold often lack clarity, burn out their teams, and lose momentum due to founder fatigue and a lack of direction. So, how do you avoid becoming another statistic? The truth is that most founders are too deep in the daily grind ...

I n today's rapidly evolving business landscape, emerging executives are confronted with a host of challenges. From the volatile nature of markets to internal misalignments and leadership deficits, these hurdles can impede growth, dampen employee morale, and disrupt strategic execution, leading to prolonged organizational underperformance. Deloitte's executive survey revealed that 80% of respondents viewed leadership as a critical priority. However, a separate study found that only 14% of leaders were adept at balancing performance and transformation. This is where executive coaching steps in, offering a structured approach to help executives bridge this gap and enhance their leadership skills, thereby ensuring organizational resilience and adaptability. Executive Coaching has emerged as a fundamental solution to these issues. It offers structured development to help executives enhance their leadership skills while also ensuring organizational resilience and adaptability. One-...

  Corporate training serves as the cornerstone for sharpening employee skills, fostering leadership, and driving organisational triumph. In this comprehensive guide, we delve into practical strategies to bolster corporate training programs. We cover all essential aspects, from leadership development coaching to transition and onboarding coaching, team coaching, and executive presence and presentation skills. Research by the Association for Talent Development (ATD) reveals that companies making substantial investments in corporate training enjoy a 24% higher profit margin than those allocating less to training. Moreover, teams undergoing corporate training witness a 10% surge in productivity, with an overwhelming 94% of employees expressing their willingness to stay longer with a company that invests in their career development. With insights gleaned from business coaches and experts at Ethique Advisory, this guide will be a valuable resource for organisations seeking to refine the...

As an entrepreneur, how often have you found yourself falling short of your goals? Do you take two steps forward only to take 4 steps back? This happens on account of the gap that lies between aspiration and realization.  It is no wonder that 90% of startups fail, and of the 10%, more than half fail within five years.  Can the statistics be changed? Yes, it can. All one needs to do is get one's priorities right. Entrepreneurs need to start by focusing inward on their mindset and approach to leadership , an essential step towards developing a mental framework that propels both the entrepreneur and their team to success.  To develop such a framework, Entrepreneurs need to focus on techniques such as goal setting, mental activation, and empowering leadership, thereby bridging the gap to manifest their dreams into success.  Cultivating the Entrepreneurial Mindset Creating a resilient entrepreneurial mindset is the key to bridging the gap between an idea and its successfu...