Ethics by Design – smaller business reflections

  I recently attended a thought provoking conference, Ethics by Design, on the topic of fostering ethical culture in organisations. Ethics pays The morning session was led by Jonathan Haidt, a Professor at NYU Stern School of Business.  One takeaway for me was something that I had only partly rationalised – that is that ‘Ethics […]

Management accounts – do yours ‘speak to you’?

My work includes supporting SMEs through due diligence to eventual sale.   Buyers want to gain an understanding of business drivers and expectations of future performance.  A Sale leads to a heightened focus on the numbers and the quality of the management accounts can create a good or bad impression. While great management accounts can help a business sale, they are good sense for any business. […]

Selling a business? Ready for a balancing act?

Selling a business is not an everyday event.  In fact it is not uncommon for it to be a once in a life time experience. Like selling a house? One way of describing a business sale is it’s a bit like selling a house – but on steroids.   Like a house sale, the buyer will […]

Risk indicators for smaller businesses

When things go pear shaped in business people look back and often see that there were warning signs.  Hindsight is a wonderful thing! Especially in a smaller business. Smaller businesses v larger ones Small and medium sized businesses are very different to larger ones – here are a few examples: Directors are likely to be more involved in […]

Ethics & policies. On the tongue, are they on the lung?

I was struck by a recent headline, “55% of small firms don’t have an ethics policy”.   The article referred to a survey of ‘SMEs’  and I must say I was surprised that there are as many as 45% that actually have an ethics policy! Does the lack of an ethics policy mean that a business lacks […]