As we say goodbye to 2023, it’s crucial to recognise the numerous challenges businesses encountered and the resilience they demonstrated in overcoming them. Throughout the year, we observed a landscape marked by the pursuit of skilled professionals, expansion dilemmas, and the exploration of new markets. The Challenge of Talent Sourcing and Skill Expansion Businesses grappled […]
Businesses are dynamic and, as the Greek philosopher Heraclitus is claimed to have said, “The only constant is change”. As your business is evolving in a new strategic direction, it may be time to change your business model to align with this direction. Such alignment could initially help with survival but will eventually contribute towards […]
Businesses operate in very dynamic environments and, as a Greek philosopher Heraclitus had said, “The only constant is change”. In order to keep up with change, to adapt to it and to actually be ahead of it, a business needs to tune itself to be as efficient as possible. This drive for business optimisation gives […]
An external view can help you improve your profit strategy by providing a fresh perspective and identifying new opportunities to increase revenue and reduce costs. Here are some specific ways an external view can help you improve your profit strategy: 1. Identify Untapped Revenue Streams An external consultant or expert can help you identify […]
As a business owner, you are likely very close to your business and its operations. While this can be an advantage in many ways, it can also make it difficult to see the bigger picture or to identify areas where your business may be falling short. Bringing in an external view of your business can […]
Running a business can be extremely rewarding but it’s not always easy! There are so many uncertainties that make doubts creep into your decision making. After all, you’re only human. It’s only natural to doubt yourself at times. With nobody to bounce ideas off and no idea who to ask for advice, it can be […]
The article by Colin German of CMG Consulta was published on the BCS Portal (January 2022). Click to read it. Technology has become a crucial factor that many businesses depend on in order to carry out their daily operations, to gain competitive advantage and to grow. Through our work with businesses we encounter many situations where […]
The article below by Colin German of CMG Consulta was published on Life On Point (January 2022 issue). Click to read it. It’s the dream of many to start up a business. Whether inspired by one’s passion, triggered by the urge to address an existing problem or just an opportunity which happens to present […]
The Restart Scheme by Malta Enterprise aims “…to support those businesses which due to the effect of the pandemic had to terminate operations, by helping them access advisory services and providing a kick-start grant to help them restart operations.” The scheme works by enabling businesses who had to shut down or had significant downturn in […]
Malta Enterprise has launched the Investment Aid 2021 Scheme that aims “…to sustain the regional industrial and economic development of Malta. This measure facilitates initial investments by encouraging the setting up of new establishments as well as the expansion and development of existing businesses.” Supported initiatives should lead to new opportunities, additional employment, increased […]