Every owner of a small to medium sized business (SME) can benefit greatly, both on a personal and professional level, by appointing an Advisory Board, as Kim Mei-Li Dennis, the chair of SME Boardroom explains.
"Growth" is necessary for increasing returns to shareholders, keeping customers by offering the latest innovative products & services and retaining talented employees by offering opportunities & satisfying work.
When organic growth just isn’t fast enough, an alternative business expansion method is to purchase an existing business. This can quickly complement your existing business with new staff, new products and new clients.
If you are a director, partner or sole trader, the appointment of a Power of Attorney should be a routine part of your business planning. There should always be someone authorised to manage the business and its affairs if you are suddenly unable to do so.