by Adina Luca | Jan 31, 2022 | Cost Management, Financial management, Management
You may be thinking you are too small to make sense of your numbers on budgets and forecast and financial management is not for you. Maybe when you grow bigger. But not yet. Aside from the fact that financial management is a pillar of growth, there are other reasons...
by Adina Luca | Mar 19, 2020 | Cost Management, Management
When things don’t go as planned for your business, and you cannot do much about your income, be it as a result of a global downturn or a local demand shortage, it’s time to look at your costs. There are two types of costs or expenses in your business that serve two...
by Adina Luca | Nov 28, 2019 | Financial management, Management, Reporting
I am glad you asked. You see, big publicly traded companies must report their numbers in detail. It is a legal requirement. But behind the scenes, there is an army of people dissecting, summarising and reporting to the management to help them monitor the course and...
by Adina Luca | Sep 26, 2019 | Growth Strategy, Management
You started a small business, or you manage one today. You know everything there is to know about it. Or do you? Let’s explore three aspects of your business that you may have not thought about. These are: who you have become in your clients’ perception, who your real...
by Adina Luca | Jul 23, 2017 | Management
Here’s the scenario. You started your business some time ago, before or during the last recession; you heroically survived cash shortages at the beginning and have personally shouldered every burden ever since. You mainly sell services in a knowledge-intensive...
by Adina Luca | Feb 15, 2017 | Management
In the world of professional services, some entrepreneurs in charge of small businesses are in the habit of hiring young and inexperienced people as part of their growth strategy. They always envisage finding someone who’s talented, eager, bursting with potential –...
