Caroline Hayward’s Post

Why do many #SMEs find it challenging to grow their business? 🤔 Ryan Williams from the Australian Centre for Business Growth says SMEs often hit a growth ceiling of around 15-20 employees and $5M in revenue! Here are a few reasons why: 📚 Planning limitations: A vision for the next 3-5 years is often missing, which can hinder sustainable growth 🌴 Lifestyle over business growth: Entrepreneurs prioritise personal lifestyle or legacy over expansion 📊 Business diversity: Stagnation limits the diversity of Australian industries essential for global competition Looking to break through barriers to growth? Check out Ryan’s full article here Business News Australia Pty Ltd 👇   https://lnkd.in/g_RTpFRu #SMBs #AustralianBusinesses

𝟰𝟬% 𝗼𝗳 𝗘𝘂𝗿𝗼𝗽𝗲𝗮𝗻 𝗦𝗠𝗘 𝗲𝗻𝘁𝗿𝗲𝗽𝗿𝗲𝗻𝗲𝘂𝗿𝘀 𝗮𝗿𝗲 𝘂𝗻𝗮𝘄𝗮𝗿𝗲 𝗼𝗳 𝘁𝗵𝗲𝗶𝗿 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝘃𝗮𝗹𝘂𝗲, 𝘁𝗵𝗶𝘀 𝗰𝗼𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗲𝘀 𝗮 𝗿𝗶𝘀𝗸 𝗳𝗮𝗰𝘁𝗼𝗿 Our most recent research from the Marktlink Monitor shows that 40% of European SME entrepreneurs are unaware of the value of their businesses. This can be a risk factor for entrepreneurs looking to sell their business within a few years. A detailed understanding of your business valuation helps to achieve an optimal sale price and serves as a basis for negotiations with investors, potential partners and even talent acquisition. By being aware of the value of your business, you can effectively capitalise on market opportunities and strengthen your competitive position.   Read all the findings of our Marktlink Monitor here: https://lnkd.in/eXR5uetC Want to know your company value? Then we are here for you. Contact us or calculate your company value with our handy calculation tool: https://lnkd.in/eqEphFEV #MarktlinkMonitor #SME #Entrepreneurship #BusinessValue #SellingBusiness

Small businesses can transform challenges into opportunities and thrive in today’s competitive landscape. Explore effective strategies and insights to turn trials into triumphs! 🌟💼 #BusinessStrategy #Innovation #SmallBusiness #Entrepreneurship Read more 👇 https://lnkd.in/eFJwhSxZ

𝟳𝟮% 𝗼𝗳 𝗦𝗠𝗘 𝗲𝗻𝘁𝗿𝗲𝗽𝗿𝗲𝗻𝗲𝘂𝗿𝘀 𝗮𝗿𝗲 𝗰𝗼𝗻𝗳𝗶𝗱𝗲𝗻𝘁 𝗮𝗯𝗼𝘂𝘁 𝘁𝗵𝗲𝗶𝗿 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗴𝗿𝗼𝘄𝘁𝗵 According to our Marktlink Monitor, an impressive 72% of the 1,000+ surveyed SME entrepreneurs expect the value of their business to grow within the upcoming months. This displays a remarkable resilience within the SME market in the face of external pressures, such as lingering effects of the pandemic, escalating energy prices and challenges posed by high inflation rates. As we navigate the complexities of 2024, the recent improvement in financial markets because of decelerating inflation and projected reduction in interest rates underline optimism within the market.   It's amazing to see SMEs thriving despite these challenges, thanks to their innovative mindset!   Want to know more about the outcomes of our Monitor? Read our article: https://lnkd.in/eD4mEvNi #MarktlinkMonitor #SMEs #Entrepreneurship #BusinessGrowth #MarketTrends #BusinessValue #Optimism #MandA

𝗪𝗵𝘆 𝗶𝘁’𝘀 𝗶𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁 𝘁𝗼 𝗸𝗻𝗼𝘄 𝘁𝗵𝗲 𝘃𝗮𝗹𝘂𝗲 𝗼𝗳 𝘆𝗼𝘂𝗿 𝗰𝗼𝗺𝗽𝗮𝗻𝘆 𝗮𝘁 𝗮𝗹𝗹 𝘁𝗶𝗺𝗲𝘀, 𝗲𝘃𝗲𝗻 𝗶𝗳 𝘆𝗼𝘂 𝗮𝗿𝗲 𝗻𝗼𝘁 𝘆𝗲𝘁 𝗹𝗼𝗼𝗸𝗶𝗻𝗴 𝘁𝗼 𝘀𝗲𝗹𝗹 Tom Beltman, Managing Partner at Marktlink, explains in relation to our latest research: ‘’The value of your business is not something that only comes in handy when you have a sales desire. Most entrepreneurs focus on the short-term, while a value indication is mainly based on risks in future earning power. Precisely these insights enable you to make more strategically informed choices in the long term: both for and with your business.’’ So our research indicates that it is advisable for all SMEs to have a valuation done. This will help them verify whether their optimism about opportunities and ambitions is well-founded. “Entrepreneurs are often inward-looking and don’t see the market around them. This can lead to misunderstanding because there’s often a difference between emotional value and the actual price a company will fetch when the owner is ready to sell. Unfortunately, you’re not always compensated for the energy you put into your business.’’ Do not miss the chance to gain a deeper understanding of the value of your organization. Explore the Marktlink Monitor to discover insights for the long term: https://lnkd.in/eD4mEvNi #BusinessValue #StrategicInsights #LongTermPlanning #Entrepreneurship #MarktlinkMonitor

Why are so many of our SMEs not growing from small to medium size? 🤔 We know that some business owners start out with a passion to grow and succeed but failing to plan for three to five years (or longer) down the line can have an impact. Other times, entrepreneurs decide instead to manage their company to support their lifestyle or maintain a legacy to pass to their children. Few of them understand how to capitalise on growth opportunities by creating a valuable venture that continuously expands its services, creating much more substantial and sustainable growth in jobs and profits. With this in mind, our director Ryan Williams takes a deep dive into the topic in Business News Australia Pty Ltd and gives his top three factors holding SMEs back from growth. Find them out 👇 https://bit.ly/3Ti3xLO #CentreForBusinessGrowth #BusinessGrowth

As the business landscape continues to evolve, many CEOs are looking for new ways to drive growth and remain competitive. One popular option is building new businesses from scratch, which allows companies to expand into new markets and create value in innovative ways. Learn more via the link below: #leadershipdevelopment #businessgrowth #entrepreneurship

We have conducted a survey among owners. There are many interesting insights... and the survey also points at what can be done even better going forward!

Unlocking Global Opportunities: Introducing NDK Consulting! Imagine a bustling town named #Payville, where dreams of business success come to life. In this vibrant community, there lived a determined entrepreneur named Emeka. His business thrived, with connections stretching across continents and a growing customer base that knew no bounds. One fateful day, Emeka faced a challenge familiar to many business owners: the daunting task of navigating international transactions. With a lucrative order from a client on another continent, Emeka realized he needed a reliable solution to make payments to his suppliers abroad. Amidst his search for a solution, Emeka heard whispers of a trusted advisor renowned for simplifying international transactions. Intrigued, he reached out to #NDKConsulting and discovered a world of possibilities. With NDK Consulting by his side, Emeka found the support and expertise he needed to navigate the complexities of global commerce. From secure payment methods to strategic insights, NDK Consulting provided tailored solutions that empowered Emeka to seize opportunities with confidence. Gone were the days of cumbersome bank forms and tedious processes. With NDK Consulting's guidance, Emeka effortlessly made international payments, ensuring timely transactions and peace of mind. But the magic didn't end there.... NDK Consulting introduced Emeka to innovative solutions that revolutionized his approach to multiple payments. With streamlined processes and virtual payment cards assigned to various departments, Emeka's business operations became more efficient than ever before. As Emeka's success story spread throughout Payville and beyond, other businesses flocked to NDK Consulting, eager to experience the same magic and convenience. With each new client, NDK Consulting continued to uphold its reputation as a trusted partner in driving business growth and prosperity. Today, as NDK Consulting invites entrepreneurs like you to embark on a journey of seamless transactions and boundless opportunities, we invite you to join the ranks of visionary leaders like Emeka. Whether you're based in Payville or beyond, NDK Consulting is here to guide you towards international success. Don't let the complexities of global commerce hold your business back. Contact NDK Consulting today and unlock the door to a world of possibilities! #NDKConsulting #GlobalCommerce #BusinessSuccess #InternationalTransactions #ExpertGuidance #SeamlessIntegration #TrustedPartnership #Entrepreneurship

Emerging entrepreneurs need to understand environmental analysis as they start to scale their businesses. It is important that entrepreneurs understand the nature of their business environment which can either be static, simple and complex. In truth no business environment is static and simple - every business environment is dynamic and complex as they are constantly evolving primarily because of technology advancements and market internationalisation. To truly survive in these volatile, uncertain, complex and ambiguous environments, entrepreneurs need to examine the suitability of their organisational structures and management system to ensure that they specialise - niche into specific markets . For organisations that are big and undifferentiated, they need to teardown to build up - diversity with authority and resources. I believe in your success I am Believe, the mastermind #strategy #strategydevelopment #businessdevelopment #scale #businessenvironment