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Martin Buttriss Insolvency
Richard Simms Insolvency
Carolynn Best Insolvency
|Lack of focus||Lack of focus can be related to the director themselves, a family member, a member of staff etc.
Without focus, the business will have no driving force going forward and opportunities could be missed with regards to increasing business.
It is important for directors to deal with the lack of focus imminently before it affects business.
|Lack of a short/medium term business strategy||If the company has no direction then how are you to measure success?
Not having a strategy to take a company forward may mean that they just stand still which can eventually see a company topple over.
Without planning ahead a company is not planning on how to succeed over its competition or other changes in their market place.
A business strategy should include a SWOT analysis; strengths, weaknesses, opportunities, threats. Just analysing these 4 areas will give a business more direction going forward.
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