Business leadership has never been a walk in the park, but in 2018 it is perhaps more challenging than ever. Business leaders are expected to set culture, attract and nurture talent, be salespeople, marketers, finance-minded, epitomise the brand and somehow achieve a personal balance between work and life.
The single most important asset in your business is your staff.
Big data is still big news. The likes of Google, Facebook and Microsoft, with its acquisition of LinkedIn, are undertaking digital land grabs to hoover up large quantities of data, be it medical or social, to feed their need for information. With these companies building millions of data points to nourish their machine-learning algorithms, what does big data now mean for the rest of us?
James Wilkinson, chief executive officer of Zuto, formally Car Loan 4U, co-founded the online car loans business in 2006. Five years later, it was a resounding success, with turnover of £1.7m a year, but Wilkinson felt he needed to be more strategic to accelerate the business’s progress. It was at this moment that he decided to join Vistage, the peer group mentoring and coaching organisation that brings business leaders together to share and resolve common problems and challenges.
Managing an SME is exciting. Any business owner knows that the process involves ups and downs, but whatever stage you've reached, with good judgement and a little luck, you'll hopefully reach a point where you’ve got an established a foothold in the market.
Executives who have a bold strategic business plan perform better than their more timid counterparts, according to McKinsey.
When tackling strategy, it helps to aim for a continuous cycle of improvement, with execution of goals at the core.
But before you get to work on a strategic business plan, you need to know how you personally approach strategy.
Take our quick quiz, and answer honestly, to find out what type of strategic planner you are.
Over the coming months, we’ll be inviting you to download a series of eGuides that will cover the big subjects that SME owners and directors need a good grasp of. That includes harder-edged topics like finance and planning, along with the softer, but equally important areas, such as business culture and wellbeing.
At the same time, we’ll be running weekly posts on our blogs with insightful discussions on hot business topics interspersed with videos, interactive quizzes and infographics.
As a leader, are you regularly challenging, engaging, exciting and inspiring the people around you? Perhaps it’s time to take a step back and refresh your thinking so you can grow into the future.
Marcus Child has had a powerful impact on the people and the performance of many well-known businesses over the past 18 years. He inspires confidence, wholeheartedness and courage, and has built up an impressive reputation for helping thousands of employees of hundreds of organisations embrace change positively and successfully. One of Vistage's most popular and highly rated speakers, Marcus will push you to dream big and achieve more.