FAST FOLLOWER ‘Vs’ FIRST MOVER ADVANTAGE

Most of us are familiar with the term “first mover advantage” but sometimes the “fast follower” is the winner.   A Fast Follower is a company that quickly imitates the innovations of its competitors by collecting research and data. By figuring out the innovations that seem to have the greatest potential, companies can weed out[…]

REDUCE DEBT. IMPROVE CASH FLOW

Cash flow is king in any business. Yet cash flow is one of the areas that many businesses struggle to manage.   Customers are reluctant to part with their money, even if it’s to pay for your goods or services. As such, it can take a while for them to pay their invoices.   While[…]

MANAGING A REDUNDANCY PROCESS

In the current economic climate, it is increasingly likely that at some stage, you could have to manage a redundancy process.   In today’s uncertain business climate many firms face the possibility of having to reduce their operating costs. This means that many managers will have to run a redundancy process. Apart from being an[…]

EMPLOYEE BENEFITS DON’T NEED TO BE EXPENSIVE

Work life balance and flexible working benefits may be more valued than some of the more expensive employee benefits offered by some businesses.   Google is well known for providing everything from free food to onsite gyms, while Netflix has joined the bandwagon of firms offering unlimited holidays. What these employers demonstrate is that in[…]

THE POWER OF SAYING “NO”

It’s important to be able to say “no” at work without making enemies.   It’s a simple word, but one that far too many of us have trouble saying. Perhaps it is because you’ve become successful by saying yes to every business opportunity, every request that has come your way, in order to grow your[…]

SCALING UP YOUR BUSINESS

How do you scale up your business and take it to a new level?   What is scale up? A scale-up business is any company that is looking to grow in terms of market access, revenues, and number of employees, adding value by identifying and realising new opportunities. Scale-up businesses are the engine of growth[…]

SETTING UP A NEW HIRE FOR SUCCESS

No one has a bigger impact on a new employee’s success than the manager who hired them. Here are some tips on how to set your new hires up to succeed.   What is ‘onboarding’ Investing time in onboarding brings new employees up to speed faster, which means they’re more quickly and efficiently able to[…]

EFFECTIVE MULTI-TASKING

Over the past 10 years or so businesses have become leaner by reducing employee numbers, focusing on efficiency and increasing the demands on their staff. An increased workload forces us to multi-task, which may be effective for a short period of time, but over the long term, can cause stress.   Multi-tasking is not about[…]

BUILDING A DATA-LED STRATEGY

Businesses are capturing more information than ever before. The most successful firms are analysing that information and are focused on building their strategy around customer and market data.  We are reviewing the way we use data at  MMGA and look forward to keeping you up to date with our strategy. Meantime, partner Derek Grant suggests[…]