By Gerard Burke, founder and MD, Your Business Your Future
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Archive for the 'Money' Category
Some were there to grow their business, while some want to manage growth that’s already too hot to handle. Some have major strategic opportunities coming over the horizon, while others are keen to realise the value of all the time and energy they’ve invested in building their business by planning for an exit. Many want their businesses to be less reliant on their own personal time and energy and recognise the need to develop their own leadership skills, while some have an overwhelming need to achieve a better work/life balance.
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Every truly successful CEO or MD we’ve ever worked with has mastery of their key numbers. Of course, that involves understanding the basic building blocks of profit and loss, balance sheets and cash flow. In addition, you need to identify the key performance indicators that link to your future plan.
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I’ve just seen a story about the six largest banks in the UK (Lloyds TSB, RBS NatWest, Barclays, HSBC, Santander and Standard Chartered) setting up a £1bn venture fund to invest in smaller businesses whereby they will each hold stakes in each investee company.
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