BizBites by Ethique Advisory

Effective leadership can seem daunting in today’s dynamic market, with business leaders finding many takers for their time. A survey conducted across 35,000 organizations found that 77% of the participants complained about a lack of leadership at the helm. Day-to-day distractions, resolutions for immediate situations, and challenges get prioritized, taking the leadership’s focus away from the big-picture and long-term goals. Leaders end up with jumbled-up priorities, ineffective communications, lower productivity, higher stress, and a poor work-life balance. Leaders need to halt and look at the situation in the face – do we prioritize daily battles over long-term growth, or is there a better way to get the best of both worlds? How can Business leaders Focus on the Right Priorities?  Tense about having jumbled up priorities?  Want to understand the most important priorities for your business?  Click Here  to learn a few ways a top business growth consultant ...

Thriving in a Crisis is something we all would want to do. So, the question is, is it feasible? Yes, very much so. Growing Business in the face of Crisis is the theme of this series of blogs. In case you missed the first chapter, you will find it here So, what is step two in the journey of growing Business in the face of Crisis? The second key area of Focus is CASH. Seems like the obvious, yes? The first area of focus is the Cash Gap. What do I mean by cash gap…? Cash gap is the gap between the time you take to recover money from your debtors and the time you take to make payments to your creditors. As an entrepreneur, the aim must be to reduce this gap. The next step is to find ways to be more Cash efficient. What does that mean? It means ensuring you have enough liquidity to manage the hard times It entails taking stock of your fixed expenses in your Business. Depending on your selling cycle and the type of Business you have – b2c or b2b, see if you have enough Cash to weather adver...