Business Planning Archives

6 TIPS FOR DEALING WITH UNCERTAINTY IN BUSINESS

Sound business and financial planning is always important especially in times of economic uncertainty. By Dave Hickey F.C.A. As concerns over the Irish, European and global economies continue, it is essential that all businesses, particularly small and medium-sized enterprises, are properly prepared for financially-testing times. Sound business and financial planning is always important but becomes […]

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The amount of grant assistance available under TBESS has been increased and the scheme may be extended as far as July 2023. The latest amendments are set out here.

TEMPORARY BUSINESS ENERGY SUPPORT SCHEME (TBESS) EXPLAINED & UPDATED – MARCH 2023

News / Siobhan Moran

The amount of grant assistance available under TBESS has been increased and the scheme may be extended as far as July 2023. The latest amendments are set out here. By Yvonne Moloney A.C.C.A., C.T.A. – Tax Accountant, DHKN Temporary Business Energy Support Scheme or TBESS was warmly welcomed by business owners and other organisations across

TEMPORARY BUSINESS ENERGY SUPPORT SCHEME (TBESS) EXPLAINED & UPDATED – MARCH 2023 Read More »

Actively managing pricing can help maintain or increase profitability

MANAGE PRICING TO MAINTAIN PROFITABILITY

News / Siobhan Moran

By Dave Hickey FCA The fastest and most effective way for a company to maximise profit is to get its pricing right. The right price can boost profit faster than increasing volume will; the wrong price can shrink it just as quickly. Yet many otherwise tough-minded managers shy away from initiatives to improve price for

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Employees expect leaders to lead, to show resilience and communicate hope

LEADING AWAY FROM FEAR…TOWARDS HOPE

News / Siobhan Moran

By Dave Hickey, FCA Leadership matters most – and is hardest to do well – when people face tangible threats, when old ways of working or interacting with others are no longer possible, and when confusion and anxiety abound. These are brutal times for business, for business leaders, for staff and their families or dependents.

LEADING AWAY FROM FEAR…TOWARDS HOPE Read More »

Business planning needs to provide room for agility, the ability to react and take advantage of unforeseen to changes

PLANNING Vs. AGILITY: GETTING THE BALANCE RIGHT

News / Siobhan Moran

By Dave Hickey F.C.A. Business planning is pointless wishful thinking. Planning is rigid, slow and bureaucratic. The pace of technological change and industry disruption make planning redundant. Few, if any, of us foresaw the length and depth of the pandemic restrictions in Ireland or globally. The impact of the invasion of Ukraine or the re-emergence

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Cost management is always important but it’s vital in tough times. It’s tempting to slash any costs you can, but this can be counter productive.

WHEN YOU’VE GOT TO CUT COSTS – NOW!

News / Siobhan Moran

By Dave Hickey, F.C.A. Cost management is always important but it’s vital in tough times. It’s tempting to slash any costs you can, but this can be counter productive. A sudden change in projected or actual income – compared to your plans or prior periods – can trigger an immediate call for cost cutting from

WHEN YOU’VE GOT TO CUT COSTS – NOW! Read More »

Battling an economic downturn needs good business planning.

BUSINESS PLANNING FOR AN ECONOMIC DOWNTURN

News / Siobhan Moran

By Dave Hickey F.C.A. While we may not be officially in recession, we’re certainly seeing signs of a slowdown in many parts of our economy. So, as concerns over the European and global economies grow, it is essential that all businesses, particularly small and medium-sized enterprises, are properly prepared for financially-testing times. Sound business and

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Double Transatlantic rower Damian Browne progressing through Galway Bay. Picture: Project Empower

“THE KEY IS NOT TO PREDICT THE FUTURE BUT TO PREPARE FOR IT”: DEALING WITH UNCERTAINTY

News / Siobhan Moran

By Dave Hickey With so much uncertainty facing businesses right now, planning may seem futile; but if we don’t prepare – with flexibility – then the coming months will be much harder. Damian Browne arrived home today, after spending 99 days alone rowing from New York to Galway. His journey was full of uncertainty –

“THE KEY IS NOT TO PREDICT THE FUTURE BUT TO PREPARE FOR IT”: DEALING WITH UNCERTAINTY Read More »

When you understand these common mistakes, it's like a lightbulb exploding in your head!

TOP TEN BUSINESS PLAN MISTAKES (6 – 10)

News / Siobhan Moran

By Dave Hickey Every business should have a business plan. Unfortunately, despite the fact that many of the underlying businesses are viable, the vast majority of plans are hardly worth the paper they’re printed on. Most “bad” business plans share one or more of the problems outlined in previous post here (1-5) or below (6-10):

TOP TEN BUSINESS PLAN MISTAKES (6 – 10) Read More »

Images of 10 people slapping their foreheads, realising their mistakes

TOP 10 BUSINESS PLAN MISTAKES – (1 TO 5)

News / Siobhan Moran

By Dave Hickey Every business should have a business plan – because a vision without a plan is just a dream! Unfortunately, despite the fact that many of the underlying businesses are viable, the vast majority of plans are hardly worth the paper they’re printed on. Most “bad” business plans share one or more of

TOP 10 BUSINESS PLAN MISTAKES – (1 TO 5) Read More »

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