Archive for November, 2006

Why change one thing when you can change one hundred!

Wednesday, November 15th, 2006

Here is a question that seems to be very popular:

“If you could change one thing what would you choose?”

People tend to choose something big, ambitious and often unrealistic, difficult or even impossible to achieve. In business, I believe this question has its place, especially during a strategic review, but what about the rest of the time? I suggest an alternative question that could produce greater benefits and is particularly relevant to the operational side of your business.

“If you could change one hundred small things what would you choose?”

Why is this question relevant? Because small changes are easier to find, take less time to implement, cost less and often the people who are aware of them are those we hear from least i.e., those doing the job! Big changes usually mean big resistance. Empowering people to make small changes means a greater buy-in as the ideas come from within your teams.

This approach is also known as “Continuous improvement”. Its purpose is to make gradual improvements at little or no cost, using your knowledge, not your money.

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Venture Capital Competition

Friday, November 3rd, 2006

If your company is looking for funding to expand, then maybe venture capital is the way to go? Fox Capital, an Isle of Man VC is running a “dragon’s den” style competition with the winners being offered up to £25 million in venture capital. The aim is to find expansion stage companies that are looking for funding to take their businesses to the next level.

Can your team pull together a top quality proposition to tempt the foxes? If you’re interested you’ll need to be quick, the competition closes on 13th November 2006.

[more on this at BBC News]

UPDATE: The Competiton is now closed. Out of 27 companies who replied, 14 have been invited into the Foxes’ lair to make their pitch.

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