29 Mar 2018 | Foot Anstey
Many growing businesses need to continually evolve in order to fully exploit growth opportunities and protect their achievements to date.
We look at 5 key areas below and highlight examples of issues to consider.
Many scale up businesses focus on ‘organic’ business growth through doing ‘business as usual’ better or gaining more market share e.g. through better operational management, technology development, improved infrastructure, strategic partnerships and cost efficiencies.
Important considerations include:
Having a coherent strategy to protect your Intellectual Property.
Read more [ http://www.footanstey.com/services-a-sectors/commercial ]
Business growth, expansion and development can be achieved in a way or at a speed not possible solely through the organic commercial development. Businesses can enter new markets or create new business models through a variety of means e.g.:
The most effective growth results are achieved when the actions above are carried out as part of a planned strategy rather than impulsive reactions, although businesses can also benefit from having the flexibility to move quickly to take advantage of opportunities when they arise.
Read more [ http://www.footanstey.com/services-a-sectors/commercial]
All businesses need people to deliver their strategy – they are both an asset and a risk. People strategy is about proactive management of employees to provide the right workforce and to help deliver goals, including talent retention, reward, engagement, efficiencies, diversity and inclusion. Some current themes include:
Read more [http://www.footanstey.com/services-a-sectors/people-and-employment]
Every step a business takes (be it trading, a one off investment decision, how many staff to employ etc.) has financial implications which have to be carefully managed within the constraints of the organisation’s funding arrangements. This often comprises a mix of debt (borrowed from banks or others – no ownership) and from equity investors (who own a stake in the business as a result).
Early legal advice in relation to debt funding, private equity investment, venture capital options (including alternatives such as crowdfunding, Islamic Finance etc.) and the costs and benefits can help shape strategic decision making.
Read more [ http://www.footanstey.com/services-a-sectors/banking-and-finance ]
All businesses and their strategies operate in an environment of risk, from both the external landscape and internal factors in their business. Uncertainties can impact on the delivery of strategy and achievement of objectives
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