Over the Christmas and New Year period we are inundated with hints, suggestions and cajoling about this being ‘a great time to reflect on the year just gone and plan ahead’. And what a year it has been.
In practice, how many of us do an effective ‘review and plan’ and, most importantly, make any changes as a result?
As a business owner, this is the perfect time to think about what you achieved this year – and to plan your personal and business objectives for the months ahead. But why do you need to review and plan?
A number of business owners we know have been running their companies for years, but have never written a business plan. Not as uncommon as you may think – we just don’t do it, business just happens, I’m too busy, and sole traders in the main question, ‘who’s it...
Business adviser, mentor, coach or consultant – when you need effective business advice, it’s far better to focus on attributes rather than labels. But what are the key attributes of a good business adviser? And how can you make those qualities work for you?
In recent months the charity sector in the UK has been through a torrid time, coping with pandemic restrictions and reduced income while having to maintain front line services for the ill, the vulnerable and those in need.
How can your business help?
Advice should never be an end in itself. As a business owner you face multiple decisions every day – some routine, some forced upon you and some because you want to change or improve an aspect of your business.
When something is your creation you may be hesitant to let others in - yet allowing them to help is essential for reaching your goals. They could take on extra responsibility, lead the delivery of key projects and in return be rewarded for success.
Over half-way through 2020 and you may be wondering, ‘what next?’. Your business may be thriving, in a holding pattern or barely surviving. Your answer to ‘what next?’ is in part down to your circumstances but also your mindset, your attitude to risk and your re-assessment of your future goals.
For some businesses lockdown was an abrupt suspension of activity, some literally ‘shut up shop’ overnight. Others had to adapt operations to continue some level of business with alternative working arrangements. And for the rest, opportunities and sales volumes have grown to unprecedented levels.
In the current business climate, whether you are thriving or barely surviving, you may consider the value of additional ‘horsepower’ in your business. You may not need or want to invest in a full-time manager or director, but equally you may feel that a short-term consultant will not be the answer.
We have talked to other business owners and they are taken aback that we forecast our revenues, costs and cash flow
We’ve written a number of guides on selected business subjects that will set you and your business in good stead for whatever future you may choose.
These are free for you to download and to make use of in your business, so please help yourself.