As a business owner, one of your constant concerns may be how to grow your business. This is a very natural and necessary challenge which can provide new opportunities while also developing your enterprise into a more resilient one. But as we all know, growing a business can present several risks – especially when so […]
A common question we get from entrepreneurs is if a business plan is necessary. And our answer all depends on what you believe is necessary. Business owners often view business plans as an extra hassle, especially when it’s only needed as a required document by a third party. But what happens when you need to take […]
For many organisations in Malta, ‘corporate social responsibility’ can be a loaded term – mainly because its meaning is unclear. At its core, the definition of corporate social responsibility (CSR) is self-evident; to engage in CSR, corporate organisations must operate in such a way that benefits society, systemically. Simple, right? The concept is straightforward enough […]
As a business owner or manager, you’ve probably come to realise that your team is one of the most important resources your company has. Keeping staff content is a challenge in itself, but keeping them motivated is even harder. Various studies have shown that employees are loyal to an employer that empowers them and invests […]
Launching A Compliant Start-up In Malta Coming up with the perfect idea for a start-up in Malta feels a lot like reaching the top of a mountain, but don’t pop the champagne bottles just yet – that’s just the very first step in your entrepreneurial journey. We have already talked about the importance of due […]
Setting up as a freelancer in Malta The life of a freelancer seems to be synonymous with freedom, flexibility and the empowerment that comes with being your own boss. That is of course all true, but as we already know (thanks to the Spiderman franchise), ‘with great power comes great responsibility’. Being your own boss […]
Launching Your Start-up: The Planning Stages One of the most frequently asked questions we get here at NM Group comes from budding entrepreneurs looking to get their start-ups off the ground and launched. They ask (rightly so!): ‘what do I need to know about the financial side of things?’ Luckily, our team is highly experienced […]
You have a great idea for a start-up in Malta – but will it work? “The best way to predict the future is to create it.” – Peter Drucker When it comes to starting your own business, stumbling across that perfect moment of inspiration (the moment where you’ve uncovered that golden idea that’ll set you […]
5 Benefits of an External Audit We know how nerve-wracking an external audit can be for our clients. The compulsory nature of external audits often makes them seem like a test of a company’s operations and integrity – having something like this hanging over a business can easily bring about tension internally. However, we believe […]
Communication is Crucial Running a business is no easy feat. When your team is made up of individuals with distinct personalities and multi-faceted professional experience, you stand to learn a lot as a business owner and as a person. Something I’ve learnt that has helped me manage my team better is taking the time to […]