Risk Assessment In Uncertain Times

As part of the review process of your business, it is sensible to try assessing risk and how you could mitigate it.  This can be carried out on a short-term basis but should also be thinking on a longer-term basis also.  There is a tool that is often used that is known as a SWOT […]

Budgeting Your Strategy

Once your business has a clear strategy it is time to draw up the plans over the longer term of five to ten years.  This will need to show the basic Profit and Loss accounts, disposal of funds statement i.e. where the money is going and a Balance sheet.  This will have to take account […]

How Robust is Your Strategic Plan?

Using a sensitivity analysis on your budget or plan can gain an insight into the impacts of change long before they occur.  This effectively shows how robust the business is in terms of withstanding pressures imposed on it.  One could refer to it as the reality check.  Effectively you take the budget figures and see […]

Review the Summer Season

Now that we are settling into winter and the routines of winter housing, it is a good time to think back over the spring and summer seasons.  What went right and what was not so good?  Why did the aspects you are not so happy with occur, and what, if anything, can you do about […]