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How to solve the biggest problem with your business portfolio

Business portfolio

Simply put, your business portfolio is the collection of products or services provided by your business.

In my experience, the biggest problem facing most small businesses is understanding which products or services  generate the most cash. 

Big businesses have the same problem too. However big businesses have a variety of tools that they can use to understand their business portfolio.

Many of these tools can be used or adapted for use by small business owners to increase sales, reduce costs and make more money. But only if they knew about them!

One such tool is the Growth Share Matrix (also known as the Product Portfolio Matrix, Boston Box, Portfolio diagram and the BCG Matrix) . This matrix was developed by the Boston Consulting Group back in 1970.

So it’s been around a while and stood the test of time.

Business portfolio analysis is a tool often used by big businesses to analyse the performance of their business portfolio. Read the whole story »

The Dip: When to Quit (and When to Stick) The Dip: When to Quit (and When to Stick)

There comes a time in every business owner’s life that they experience “The Dip”.
You might not know that is what it’s called, but you will definitely experience it at some point in your business life.
The …

Why showing up gets results Why showing up gets results

Showing up
As the comedian and writer Woody Allen once said:

“80% of success is showing up.”

 
If that’s true, then what should you do when you get there? (Short answer, the most important thing to do today …

Spy Secrets That Can Save Your Life Spy Secrets That Can Save Your Life

When you think of spies you probably think of fictional spies like James Bond or Jason Bourne. Maybe you think of historical spies like Mata Hari or George Blake. But whatever you do, you probably …

27 Inspirational Quotes To Grow Your Business 27 Inspirational Quotes To Grow Your Business

 
There’s one thing in common I see with all the business owners I work with. That is they are all focussed on growing their businesses.  Sometimes though when you’re looking to grow your business, it …

My Top 3 Business Lessons Of 2015 My Top 3 Business Lessons Of 2015

Have you ever watched a painter painting the outside of a house?  After a while they get off their ladder, take a few steps back and look at their handy work.  If you asked the …

What is Profit Margin? What is Profit Margin?

What is Profit Margin?
Profit margin is one of the most important measures in your business. It is a measure of profitability.
It is calculated by dividing the difference between sales and costs and dividing it …

How well do you know your business? How well do you know your business?

 
How Well Do You Know Your Business?
Here’s a question for you: as a business owner, how well do you know your business? In this post we look at the importance of understanding the nuts and …

Goodbye 2015, Hello 2016: A Year In Review Goodbye 2015, Hello 2016: A Year In Review

Goodbye 2015 A Year In Review
Annual Review
 
So goodbye then, 2015.

 
Annual Review: At the start of a new year, it’s the time when people pause and reflect on the year just gone and pledge to make …