BizBites by Ethique Advisory

A recent survey showed that 71% of businesses still feel that their leaders aren’t ready to guide the company into the future. It is an alarming statistic, given the role effective leaders play in developing an organization’s culture and growth. It is causing many leaders to re-evaluate their current methods to become more effective. But what traits do effective leaders possess that separate them from the rest?  And how can you be an effective leader?   Who is a Leader?  Leaders exude influence over peers and subordinates, enthusing them to achieve a company or a team goal and work cohesively as a team. Regardless of the title, leadership is a mindset in action. Leadership is not a mantle to be handed out. Leaders earn their position because of their competency to inspire those around them, focus on the organization’s objectives and work to maximize the firm’s value.  Who are Effective Leaders?  From Steve Jobs to Jeff Bezos, effective leaders empower their...

Have you ever heard of an entrepreneur starting a company to make ends meet rather than profit? Not! Every entrepreneur aspires to be in the most prosperous phase of the economic cycle. It's a great dream but making it a reality is another story. Businesses begin with BHAG goals and a vision for success. Growing a firm requires the right intellectual assets, strategic partnerships, services, or goods that address unsatisfied customer needs or fulfill a demand gap in the market. A sustainable company model requires a strong operational foundation to decrease long-term risks. Understanding sustainable business growth and how it is measured should come first. What does "sustainable growth" actually mean? Business sustainability is the balancing act between growth and resilience. The kind of growth that a company can achieve practically without running into problems is sustainable growth. A business that grows too quickly can have trouble finding the money to expand. A busine...