Perfect Timing

Business Advice E. Miltiadous | Perfect timing for start-up

The timing for starting-up your own business is just perfect right now

 

Yes, you read that well.  The timing for starting-up your own business is perfect right now, in the midst of the pandemic and at a time many businesses are dying or struggling for survival.

 

The pandemic is forcing down prices.  This means lower premises rental fees, lower marketing and other professional fees of services needed to start-up.  Already many businesses are giving out discounts.  This presents a great opportunity to keep costs as low as possible during the start-up phase.  Can even consider remote working (e.g. from home) with the use of virtual meetings, which is even recommended nowadays due to Covid-19.  Also, all sorts of governmental and other financial incentives are available especially right now to help businesses keep emerging, something which should also be utilised.

 

Already established businesses have had their establishment shaken up.  This is because the pandemic has permanently changed everything in the business terrain.  The required strategy right now for success is to operate based on the new norm brought by the pandemic.  Therefore, the advantage already established business have had over potential start-ups has been demolished.  In fact, it is easier to start-up operations based on the new norm, than to change the way a business has been doing business for so long to-date.

 

Remember that business and entrepreneurship are living organisms with instincts of their own.  They have both historically survived and thrived during all hardships and challenges thrown at them by life.  These instincts are simply an extension of humanity’s genetically engraved instinct of survival.  You just have to be asking the right questions and focusing on the right things.  One should be asking “How do I take advantage of this pandemic to start up a promising business in the best way possible?”

 

We can make starting-up your business right now even easier than before the pandemic.  Contact us on tel. (+357) 77776055 or info@miltiadous.com and you would be making the most decisive step, as we would be helping you with entirely every consideration that starting-up your own business involves.

Win-Win

Win-Win | Business Advice E. Miltiadous

Win-Win

 

A win-win mentality is something that in business is of paramount importance in creating synergies, opening up mutual opportunities, supporting business relationships and for overall success in the long-term.

 

Everybody in business and in life, are always consciously or subconsciously thinking “And what’s in it for me if we do this?” If you can genuinely think of the other party’s interests and demonstrate clearly that you are taking action to safeguard those interests as well, that will go a long way in being trusted for doing business together.

 

Every successful businessman, entrepreneur, investor, consultant, understands and applies a win-win mentality. It would be very unlikely for any one of these to be successful in the long-term if they do not do so.

 

 

Win-win and client success stories, for us as business consultants, is more important than maximising consultancy fees in the short-term

 

A business consultant’s best-case scenario is to be consulting customers that become great success stories, because that is the best advertisement, feeling of accomplishment and confidence boost in the services, consultation and support being provided. Business Advice E. Miltiadous always aims for this best-case scenario. If we see that what our client is doing or intends to be doing has limited potential to be successful, we say so clearly regardless if that would mean earning lower consultancy fees in the short-term. In the long-term we understand that the benefits of win-win mentality and success stories will mean a bigger success for us as consultants as well.

 

We crave for our clients to succeed and we do our very best to assist them in doing so. Obtain our assistance, support and guidance, on setting up your own business from scratch, or developing and improving your existing business. We can advise you on all related matters that concern your business aspirations.

 

Feel free to call us on tel. (+357) 77776055 or email us at info@miltiadous.com with any questions you may have. We would be very pleased to help you achieve your business success.

Thinking Big

Business Advice E. Miltiadous | Business Mindset - Think Big

Business Mindset and Thinking Big

 

The right business mindset to have is perhaps not a very modest one, yet this does not mean it is not the right one.

Thinking big is important.

 

Here’s a link to an interesting article on the subject:

Make an Empire, Not a Business

 

Let us help you

 

You can call us on tel. (+357) 77776055 or email us at info@miltiadous.com

 

COVID-19 response

COVID-19 response | Business Advice E. Miltiadous

COVID-19 response

 

Every business and country are different hence any COVID-19 response approach must be customised.  Nevertheless, there is a series of measures and considerations that should form the basis for any business in responding to the Coronavirus pandemic.

 

Generally businesses must go through the series of stages of managing the crisis (ideally with a management crisis plan in place) which should involve initial stabilisation, followed by setting out the new strategies (based on the changed environment) and finally reaching the stage of re-progressing.  They must first ensure they survive, then change their strategies and finally proceed to re-bouncing into the new situation that will become the norm for the changed business circumstances due to the pandemic.

 

The right attitude to have is that of being ready to face the worst-case scenario with a positive and flexible mindset.  Management should be expecting the unexpected because nobody truly knows with certainty how long this will last for, whether it will re-flare up and how it will evolve.  The future will largely depend on the effectiveness of the medical response in attempting to constrain the spreading of the virus and on the effectiveness of governmental measures in boosting their local economies.  Management must evaluate the consequences of each possible scenario and develop business forecasts for each scenario.  This is not too difficult and is crucial in increasing your COVID-19 response effectiveness.

 

Businesses should focus on practical solutions, simplification of their processes and speed of decision-making, to address their current challenges and solve the problems that arose.  But they should not neglect how the second half of year 2020 and all of year 2021 should be addressed based on the change of circumstances the pandemic has brought.  In doing so, businesses should follow their local government’s guidelines and make use of any support their government is willing to offer them, whilst adjusting to the new situation and changed norms as best as possible.  Overall, the short-term should focus on solving problems to ensure survival and stabilisation, whilst the medium-term should focus on the changed strategies for re-normalising and progressing.

 

Liquidity is the most dangerous risk right now

 

Almost all businesses right now are facing a shortage of cash flow following the lockdowns.  Decreased profits or even losses are not as dangerous right now as a shortage of cash may be.  It is a fact that most businesses end up being forced to close down due to lack of cash rather than making losses.  Often, they may go bust even when making profits when cash runs out.  It is therefore crucial right now for businesses to take action to increase their cash flows.  Cash can be generated via better working capital management and obtaining loans from banks, or other sources.  Other methods exist and they depend on each business’s nature and practical business creativity.

 

Another major challenge for businesses right now is the need for an unprecedented level of re-organisation of the business processes, especially in relation to human resources.  The requirement mainly lies in ensuring the safety of employees and customers whilst at the same time maintaining working effectiveness of the human factor to at least moderate levels and the restricting the financial costs in not reaching unbearable levels.

 

If you do not increase use of technology, you are reducing your chance of survival

 

The correct question is:  How can this be done digitally?  Literally for everything you currently do, ask this question.  Businesses must use as much as possible the technology and turn their trade as much as possible into a digital one.  This means, simple but crucial stuff such as internal communication systems (online meetings between employees, etc) and ability to sell online.  Can you still deliver your product to the purchasing customer following the impact of the pandemic?  Can you sell your service completely online without the need of physical contact?  If you still cannot, then make sure you make those changes that will enable you to be doing so.

 

Other things you should be doing

 

Make business decisions that will result in reduction of fixed costs, in a good communication with your existing clients, in staying well-informed on how your local government and other relevant authorities can assist your business, in safeguarding the continuity of your critical operations, etc

 

Obtain business advice to make the correct business adjustments during this pandemic and avoid mistakes, as mistakes will be more punishable especially during these challenging times.  Such times of business crisis, often also present business opportunities that, with a bit of business open-mindedness and knowledge, can be seized and open up new possibilities.

 

We are here to help you

 

Obtain help on making the correct business decisions for protecting your business during this Coronavirus pandemic era.

You can call us on tel. (+357) 77776055 or email us at info@miltiadous.com

“Business Health”

Business Advice E. Miltiadous | The Coronavirus pandemic has seen everyone taking action to safeguard their health. As a business owner you should be taking actions of “Business Health”.

“Business Health”

 

On this World Health Day, take action to help your business just like you have been taking action to protect your health. The 7th of April (World Health Day), and especially of year 2020, is the day to celebrate the work of nurses and doctors and remind us all of the critical role they play in keeping the world healthy. We thank you and recognize your efforts!  The Coronavirus pandemic has seen everyone taking action to safeguard their health.

 

Likewise, as a business owner you should be taking actions of “Business Health” if you like.  Namely you should be going through the following actions.

 

Analysing and obtaining a thorough understanding of the impact.

 

Understanding how this pandemic has affected and how it will be affecting your business in the future.  Which sectors of your business is it affecting and how long is it estimated to be doing so.  This involves business appraisal and management budgeting.  Remember that every business is affected in different ways, depending on the product or service it sells.  Is that perceived to be a necessity or a luxury?  How is it relatively priced? etc

 

Taking action to make business adjustments to improve your business’s chances of survival

 

Negotiate with trade and other creditors for more beneficial terms of repayment.  If selling a range of products or services, perhaps some of these will be easier to sell now and base your business’s survival on them.  Let reasonable thinking of how demand has shifted to guide you.  Put yourself in the shoes of the people – what would they need most during this pandemic era.

 

Keep abreast of the news in your country and how your country’s government and other relevant authorities are planning to assist businesses that fall within your business’s category.  Take action to ensure you qualify for such assistance and apply to obtain it.

 

Obtain business advice to make the correct business adjustments during this pandemic and avoid mistakes, as mistakes will be more punishable especially during these challenging times.  Such times of business crisis, often also present business opportunities that, with a bit of business open-mindedness and knowledge, can be ceased and open up new possibilities.

 

We are here to help you

 

Obtain help on making the correct business decisions for protecting your business during this Coronavirus pandemic era.

You can call us on tel. (+357) 77776055 or email us at info@miltiadous.com

 

Business administration assistance

Business administration assistance | Business Advice E. Miltiadous

Business administration assistance

 

Are you currently conducting your business’s administration in-house and facing problems, but also not wish to outsource it so that you lose control of it? Administration may not be a money-generating activity, though it is an important support activity that indirectly contributes towards the healthy operation of your business. Ideally, you neither want to be doing it in-house inefficiently, nor want to be outsourcing it and not being able to control it. Effectively what you need is for your business to be administered correctly, whilst not at the same time losing control of it.

 

The best solution is therefore for the business administration to be carried out in-house efficiently and correctly, meaning also that you retain complete control of it and can make adjustments to it at any time you wish. We make that possible for you by providing you with advice on all types of operational and administrative issues. We can take your current process and improve it, or even give you a completely new process from scratch, depending on your needs.

 

We are providing you with business administration advice on all types of operational and administrative activities of your business to improve its organisation, efficiency and coordination. Equipped with our knowledge of principles and practices of office organisation, planning, records management and general administration, we are counselling your administrative staff on office procedures and policies with the aim of achieving organisation, efficiency and coordination. We are also offering valuable advice on planning and time management, to ensure an optimal amount of energy and time are assigned towards making money for your business.

 

Let us help you

 

You can call us on tel. (+357) 77776055 or email us at info@miltiadous.com

Find out more about our other services related to business streamlining.

 

 

Legal assistance

Legal assistance | Business Advice E. Miltiadous

Legal assistance

 

It is not uncommon for business owners to be faced with considerations of legal nature. Business and the Law are well interconnected, to the extent where the legal perspective should always be considered in any business decision. The legal consequences should be understood and evaluated, whether it involves the corporate vehicle that a business chose to operate from, any project to be pursued, or any activity that it intends to undertake.

 

We are offering you legal advice to assist you with evaluating and understanding the legal side of your business actions and concerns. Through our legal advice, we facilitate business owners evaluate and understand the legal side of their past, current and intended business actions. By doing so, and by pointing out the legal risks and benefits involved, we are enhancing the correctness of their decisions.

 

We also prepare your contracts for most business purposes, including corporate agreements, rental agreements, sale and purchase agreements, employment agreements, and more.

 

Let us help you

 

You can call us on tel. (+357) 77776055 or email us at info@miltiadous.com

Find out more about our other services related to business analysis.

 

 

Business Psychology matters

Business Advice E. Miltiadous | Business psychology matters

Business psychology matters a lot more to business results than most people think

 

Read the above title again.

 

Business psychology is a significant determinant for the level of success of a business. Some psychological aspects are included in what we often describe as business culture. We emphasize here that we are talking about a genuine business culture, as opposed to fake window-dressing activities that quite often is the case.  Attributes such as how employees are motivated, how management recognises contribution, leading by example, incorporating frequent corporate retreats, building relationships offsite, the teamwork ethic and many more, are absolutely critical to a business’s results and maximising its success.  All these have to be done, they have to be done correctly and in the most practically easy way.

 

Highly influential psychological factors exist in every area and function of business. From the colours of your website and products, to the psychology of sales and understanding consumer behaviour, there are tried and tested techniques that often amaze with the extent of the impact that they can have. We can help you adjust these practically and easily. Our understanding and knowledge of business psychology is particularly strong. Minor refinements in this area can often lead to major improvements.

 

We can advise you on how to be using emotional intelligence in your business practices. This is a skill many highly accomplished business people consider to be the most decisive factor of their businesses’ success. From the business psychology in big deals, in negotiations, in hiring people and in other important aspects, our advice will be very valuable to you.

 

We believe employees deserve a positive, enjoyable and trusted workspace. We also believe that business owners deserve to see their businesses reach their full potential and maximise their success. These can be, and are in fact more easily, achieved when both of them are actively pursued. We aim and aspire to help your business be just another great example of this.

 

Business psychology matters a lot. We are providing you with business psychology advice to help you maximise your business’s success via the use of practical, simple and proven psychological methods.

 

Let us help you

 

You can call us on tel. (+357) 77776055 or email us at info@miltiadous.com

Find out more about our other services that help you boost your income.

 

 

Marketing advice and services

Marketing advice | Business Advice E. Miltiadous

Marketing advice and services

 

Modern marketing, the way it has evolved, has become extremely exciting. There is so much that can be done in terms of marketing these days, that a certain degree of thinking about the marketing strategy to be pursued is definitely required. Important marketing decisions about the product or service, the pricing strategy, the method of promotion and positioning in the market, must be made correctly. Such decisions, if made right, can well support the whole marketing function. If made wrong though, they can sabotage all marketing efforts and destroy any potential for benefits arising out of them.

 

Marketing and selling functions are in fact essentially interrelated. They have to be seen and addressed in conjunction to each other. Effective marketing supports effective sales and a successful sales process is actually one of the most influential marketing and remarketing techniques. Simply put, a satisfied customer becomes a repeat customer and a business’s best marketing advocate.

 

The precise marketing strategy, methods and style, depend on the specific business, market, situation and even timing in question. This means that there are no universal solutions that fit all businesses in all cases. Each case has to be tailor-made within the wide boundaries of today’s modern marketing. This though presents a great opportunity and numerous ways to stand out, diversify and conduct successful branding and advertising.

 

We provide you with marketing advice to help you define your marketing strategy, develop your marketing plan, target your audiences, learn and apply the modern marketing methods effectively, in order to maximise your customers and sales.

 

We can help develop your marketing plan, based on the marketing strategy that you should be pursuing. We advise you with regards to all the important aspects of marketing and related decisions. From what customer audiences to focus upon, to how to target them, to which techniques to use and how to use them without getting lost in unnecessary detail, we make everything easy for you whilst teaching you at the same time.

 

Our goals are to make your marketing function reach its full potential, make you excited with its processes, teach you how to think about it and know how to do it easily yourselves. Through our marketing advice, we aspire to see your marketing function be driving a continual growth in your sales.

 

Let us help you

 

You can call us on tel. (+357) 77776055 or email us at info@miltiadous.com

Find out more about our other services that help you boost your income.

 

 

Taxation peace of mind

Taxation peace of mind | Business Advice E. Miltiadous

Taxation peace of mind

 

Our main goal is to provide you with a taxation peace of mind. We make the function of taxation so easy for you that you never have to think about it anymore. By doing so, we enable you to be concentrating on running your business operations and generating money.

 

We offer taxation advice, tax compliance services and liaising with tax authorities to clarify and deal with any tax issue of your concern. Our major target is to remove the need for you to be thinking about taxation, when you should be thinking instead about making money.

 

We provide taxation advice aiming to minimise tax burdens and assist businesses and business owners meet their tax compliance obligations. Our tax compliance services include, amongst other, the preparation and submission of corporate and individual income tax returns, provisional tax assessments and tax computations.

 

We liaise with the tax authorities to clarify and deal with any tax issue that concerns you on any type of taxation, be it VAT, Corporation Tax, Capital Gains Tax, Income Tax, Defence Tax, and other. Regardless the degree of complexity of any tax issue in question, we successfully deal with it on your behalf. Our relevant knowledge, education and experience enable us to liaise effectively with any tax department and pursue your rights on any tax issue.

 

Let us help you

 

You can call us on tel. (+357) 77776055 or email us at info@miltiadous.com

Find out more about our other services related to business analysis.

 

 

Business development services

Business development services | Business Advice E. Miltiadous

Business development services

 

Via our business development services, we are helping your business grow through relationships-building, winning key decision makers, product or service development and assistance on closing decisive deals.

 

Business development is all about growth and generally maintaining a controlled growing momentum during a business’s life. Any business that is not putting sufficient effort into growing is exposed to the increased risk of being taken over, shrinking or being wiped out by competition.

 

A major pillar of business development revolves around customers. The ever-increasing importance of building relationships with the new and key existing customers is found at the centre of any business growth. Opportunities for relationship-building are endless in our days, hence they need to be utilised. We help you understand how to be doing that in practice, within the frame of how is done nowadays, and without wasting too much time on it.

 

We are also assisting you by meeting with key external decision makers as well as negotiating and closing business deals on your behalf, or attending such meetings along with you and subsequently advising you on them. Using us in such way, to counsel and consult, can help you get the most benefit out a meeting for any potential business prospect. Our broad business understanding and ability to take account of all relevant business considerations during such business meetings, enables us to serve as an additional and valuable perspective to your decision-making process.

 

With regards to your product or service, we can assist you with product development and finding or adjusting your market niche. We acknowledge the importance of innovation and creativity in everything we do, and we are especially including these attributes into our advice on product or service development. We are confident that our advice can significantly help your business grow to the next level.

 

Let us help you

 

You can call us on tel. (+357) 77776055 or email us at info@miltiadous.com

Find out more about our other services that help you boost your income.

 

Accounting relief

Accounting relief | Business Advice E. Miltiadous

Accounting peace of mind

 

A problematic accounting process can systematically divert attention from the money-generating activities, interfere with the correctness of decision-making and hinder a business’s ability to operate at its optimal levels of performance.

 

Accounting may not essentially be the very purpose of why a business exists. It is, however, an important supporting activity that has to be performed adequately and correctly so as not to handicap the main efforts and operations of a business. Accounting is not an activity that is designed and intended to earn money for a business, but when practised correctly it supports the money-generating activities.

 

With our accounting advice, you get the peace of mind to be able to focus your energy and efforts on the main purpose of why your business exists. We provide accounting advice to ensure the correct recording of transactions, keeping of financial records, performing of internal controls, analysing and reporting of financial information to management. We review your business’s accounting processes and propose adjustments and improvements where we believe these to be necessary.

 

We aim and aspire to enable business owners to concentrate on pursuing real profit maximisation and business growth, whilst knowing that their accounting processes are operating effectively.

 

Let us help you

 

You can call us on tel. (+357) 77776055 or email us at info@miltiadous.com

Find out more about our other services related to business analysis.

 

 

Strategic planning advice

Strategic planning advice | Business Advice E. Miltiadous

How strategic planning is vital for any business

 

Businesses that fail to see the importance of addressing the long-term perspective, find themselves in a situation where they are gradually and steadily losing out. This is not difficult to happen, as the long-term consequences are usually not so readily observable. Short-term gains at the expense of long-term approaches can easily divert business owners towards the former. Strategic planning and the long-term perspective are vital for various areas of business, including for objectives, marketing, sales, building relationships, financing, investing and many more.

 

Strategic planning offers a long-term strategic direction to any business. It ensures the business and all its employees know exactly where they are always heading. It ensures for remaining focused on the end goals, which can prove difficult and important when faced with the numerous daily challenges. Metaphorically speaking, it is when the wind blows in any direction that the captain and crew mostly need to remain focused on their destination. The real risk of diverting from that focus is failing to achieve the pre-set business goals.

 

Strategic planning advice

 

With our strategic planning advice, we are helping you set your business’s long-term strategy and goals, as well as assisting you in their achievement. We make sure that your business keeps progressing towards the right direction and remains focused on its pre-set strategic destination.

 

We are helping you identify and define your long-term strategy, as well as assisting you in pursuing its achievement via a series of simple and practical daily tasks. We work together on setting your goals and based on that we develop an action plan that is simple, practical and easy-to-apply. We know how to take what seemingly appear to be complicated business solutions, simplify their execution and increase their effectiveness. With our help on strategic planning, your chances of maximising business success are significantly increased.

 

You can call us on tel. (+357) 77776055 or email us at info@miltiadous.com

 

Find out more about our other services related to business streamlining

Management advisory services

Management advisory services | Business Advice E. Miltiadous

A need for a good management function

 

Without good management a business is not operated at its optimal levels of potential. Opportunities are missed, risk exposures are under-hedged and costly mistakes are often made.

 

Opportunities are plentiful for a team that knows where to seek for them and knows how to develop them to the stage where they are viable for exploitation. From techniques of increasing customer numbers, to methods of growing purchases by existing customers, creativity and practicability are skills that characterize our work. We strongly believe in teamwork and we enjoy cooperating with your management to see all your goals and targets are being achieved.

 

Management advisory services

 

We help business owners manage their businesses by offering them management advice. Through our tailor-made management advisory services, we are improving decision-making and ensuring businesses are operated at their optimal levels of potential.

 

Depending on the requirements that business owners have and the challenges their businesses are facing, we perform the relevant analyses and follow up with appropriate action. This may include, but is not limited to, break-even analysis, budgeting, variance analysis, risk management, pricing, costing, investment appraisals and opportunities’ evaluation.

 

We aspire to enhance decision-making and empower business owners to manage their businesses successfully. We are excited to see improvements being made that make a real difference, enhancing the performance and prospects of a business for the future.

 

You can call us on tel. (+357) 77776055 or email us at info@miltiadous.com

Managing your projects

Managing your projects | Business Advice E. Miltiadous

Managing your projects

 

The importance of taking on projects for progress and growth

 

Projects are what take businesses forward and to greater levels.  They are the epitome of taking action towards progress. Their execution is what often deters companies from adopting them. Project management is one of the most challenging assignments in business because it requires an array of skills and actions. In all its phases a sufficient amount of excellence is necessary to support the project and ensure its success.

 

Project Management assistance and advice

 

Have you been postponing or avoiding the initiation of any vital business projects or tasks? Our goal is to help you get these done and get them done successfully. This will enable your business to escape the standstill stage and move forward. It could be any task of any nature, from eliminating a problem to improving your business in some way. We will help you identify it, manage it and deal with it effectively.

 

We are helping you with project management on any of your projects’ phases – research, team selection, budgeting, planning, implementation and evaluation. By doing so, we are improving the effectiveness, structure and efficiency of your project management process. We can help your business through any or all of these phases, depending on your needs and requirements. Our advice will help you identify which potential projects should be pursued and how it should be done in order to maximise their overall success.

 

Business Advice E. Miltiadous is managing any project from scratch to full completion on your behalf. From preparing the relevant documentation to conducting the meetings and monitoring the execution, we can do it all if you so require. Alternatively, we can be working together in collaboration, advising you and guiding you on any phase and aspect of your projects.

 

Different business owners require different level of control when undertaking a particular project. In this respect you have the complete freedom to choose the extent of control you may wish to maintain as well as the level and scope of our involvement in it.

 

Our goal is to help you see opportunities you may have never seen existing and provide you with actionable recommendations on how to capture those you wish to be pursuing.

 

You can call us on tel. (+357) 77776055 or email us at info@miltiadous.com

 

Find out more about our other services that help you boost your income.