Related diversification

With a related diversification strategy you have the advantage of understanding the business and of knowing what the industry opportunities are. Consider these in the context of integrating benefits into a much stronger and higher value proposition for your customers. So, does adding the new products or services provide you with a leveraged opportunity? For example, if you are a …

Diversification Costs

We have all acted on opportunities, generally through related products and services to our main business. The question is how quickly can you turn the opportunity into profit. How mature is the market you are entering ? Do we produce or outsource ? A new department will take up space (& rates , utilities) , machinery capital costs, specialist labour …

Opportunity Cost

Definition : A benefit, profit, or value of something that must be given up to acquire or achieve something else. Every action, choice, or decision has an associated opportunity cost. It’s not just where to spend your money which building, machine, company or item to buy. More importantly, it is time and how you spend it. Whether the time you …

In the spotlight – Business Board founder Nigel Elkes

Nigel built a group of companies to £10 million, employing close to 100 employees primarily in the now challenging sector of print and direct mail. Starting in early 1990’s from literally a ‘spare room’, Nigel built up a marketing and direct mail business and after several years bought and merged a number of companies to form the group. He created …

Cash flow shortages and how to fund them

Running any business is not for the timid and over the last few years operating in the printing industry has been particularly testing. The list of challenges seems almost endless – the emergence of E-books and digital substitution generally, desk-top publishing which has enabled the world and his dog to produce small printing jobs (albeit of limited quality), the fact …