The Mobile Boardroom
Overview
The journey for a new business is often complex and arduous and The Mobile Boardroom covers some of the bigger questions and challenges business owners and senior managers will face.
Starting up a business, running it successfully and making it grow is a challenge in any climate and for all businesses. This book tackles all the important elements that must be considered when buying, growing or selling a company. Expert insights and top tips on all aspects of the business cycle will take you through everything you need to know to succeed.
The essential main commercial areas covered include: strategy, finance, accounting systems, strategic IT management, sales, marketing, production and business growth – as well as general management, non-executive directorship and chairman roles, this guide is a must-read to be successful.
Book Details
- Format:
- eBook
- ISBN:
- 9781854188311
- Pages:
- 225
- Publication Date:
- 2014
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Contents
Chapter 1: Better business planning
- Brainstorming
- Analyse the numbers
- What do investors look for?
- Define your business concept
- Clarify the market opportunity
- Developing a strategy
- The management team
- Risk
- Resources
- Customer satisfaction
Chapter 2: Raising capital
- What is venture capital
- Be clear why funding is required
- Which VC to approach and how
- The business plan
- Be prepared to face emotive issues
- Prepare by 'grooming'
- The investment process
Chapter 3: Financial management
- Information gathering and presenting
- The management information proces
- Presenting MI information
- Key performance indicators (KPIs)
- Budgeting
- Managing costs
- Types of external funding and costs
- Risk
- Effective cash flow management
Chapter 4: Sales and marketing
- Recruitment and process
- Measurement
- Motivation and reward.
- Training and mentoring
- Marketing
- Profit, revenue and margins
- Qualification
- Customer retention
- Context-driven sales
- Monitoring
Chapter 5: Information technology
- Business service requirements
- Keep it simple, robust and reliable
- Standardise on IT equipment and configuration
- Managing IT costs and a budget
- Test data backup and disaster recovery processes
- Create a documentation library
- Build good supplier relationships
- Supplement your internal IT support capacity
- Think carefully about 'The Cloud'
- Take information security seriously
Chapter 6: Management of people
- Your leadership style
- Clarify roles and supply resources
- Communication
- Your management style
- Manage information well
- Look at rewards
- Training and development
- Remove barriers to success
- Recruit well
- Build a team
- Introduction
- Operational planning
- People respond to their environment
- Documentation for strong foundations
- Quality assurance not quality control
- Don't be too impatient with new ideas
- Good communication
- Help your suppliers to help you
- Pareto – Make it work for you!
- Speed up throughput times
- Resolving any underlying issues
Chapter 8: Mergers and acquisitions
- Get your strategy right
- Research potential targets
- First approach
- Due Diligence
- Negotiation and closing the deal
- Post-acquisition management
- Run your company
- Control the deal
- Make sure you can afford it
- Advisers
- The MBO journey
- The benefits of the MBO
- Identifying the opportunity
- Reviewing the framework
- Get a team together
- Structuring the MBO
- Financing the MBO
- The exit of the institutional investor/sale of the company
- Proceeding with an MBO
Chapter 10: Post-acquisition management
- Set clear integration objectives
- Appoint an integration team
- Document the post-acquisition plan
- Communicate the plan
- Keep employees informed
- Implementing key financial controls
- Maintaining the customer base
- dentify supplier savings
- Focus on essential administration and IT
- Understand the commercial risks.
- Get your strategy right
- Timing and tax planning are vital
- Valuing the company
- Grooming the company for sale
- Consider the alternative exit options
- Prepare a decent sales memorandum
- Identifying interested parties
- Keep your focus until the transaction is complete
- Control the deal and negotiate sensibly
- Seek a clean break