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The MHC Blog

Powerful Business Insights for Succesful Leaders
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got to have a plan stan!

As business consultants, we spend a lot of time with Company owners helping them write and then stay on track with their Company Business Plan. 

However, the purpose of this blog is not to harp on again about how important it is for businesses to have one (although, its extremely important), the purpose of this blog is to talk about how important it is to have a life plan.

Most of us in the UAE are expats, we came to the region with the beginnings of a plan, usually to find more rewarding work or to escape from some bad decisions we had made back home -  whatever got us on the plane with a one way ticket in hand, we landed and, in most cases, just got on with things. 

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Why you need to know your numbers

It’s been an interesting year in the life of politics.  Anyone following the US or UK political scene may agree with me, it sometimes feels like your watching a comedy programme, never has the political section of the evening news held my attention so closely – I ask myself daily “I wonder what have they been up to today?!”

My interest was held very closely with the recent 2 interviews with Diane Abbot.  You don’t need to know which UK party she is representing (Labour), or her job title (Shadow Home Secretary), just that during a key 2017 election time where she is being interviewed nonstop to convince the public of the credibility of her party, she wasn’t able to have an accurate discussion on key numbers.

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Slow down, relax and let business flow

Anyone running their own business, regardless of Company size or how long you have been in business, will know the immense pressure they feel to keep business flowing in, finding new leads and seeking out others that can help recommend their services. 

Running your own business often comes with hidden expenses that add to the pressure – the pressure increases tenfold when you have the responsibility of employees.  Add to this that its tough business world out there now, it’s no wonder you can let things get slightly out of kilter. 

Panic can creep in and you forget everything you have learnt about finding and getting new business.  Networking in the region is a huge business development opportunity that you must leverage from.  It takes time, it hardly ever brings immediate closed business, but works when you give the right amount of time and effort.

 Here are my 3 tips to remember when networking either in a group or one to one:

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Why Not Outsource?

Companies are certainly going through challenging times now.  Many Companies are having to tighten their belts, reducing costs as much as possible whilst at the same time maintaining and often having to exceed the level of service they provide. 

 A recent article in Entrepreneur Magazine “How to Build a Better Business with Outsourcing” https://www.entrepreneur.com/article/204652 got me thinking, why aren’t more Companies outsourcing their key support services?

This is an ideal time to start outsourcing key functions to specific Companies that specialize in the services they require, allowing for a senior professional to take care of a function on a “charge on hours used” basis therefore saving money. By outsourcing the day to day back-office tasks, the Business Owner has more time to focus on generating income.

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How to Successfully Implement Change in your Business

Five ways to ensure a smooth transition

This article was first featured in CPI Financial January 12th 2017. Read it here

When the nature of a business evolves or the structure needs amending, significant changes can be felt by all employees. It is never easy to manage a business at the best of times, but when change is thrown into the mix, your managerial leadership skills really come into play.  A Danish study of over 92,000 employees across more than 1,500 companies concluded that organisation change results in increased stress-related illnesses for employees. Companies that manage change effectively are 3.5 times more likely to outperform their competitors financially, with their employee satisfaction higher than those who do not implement changes correctly.

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