Greystone Rook

We're flying through 2025, in this edition of "Month ahead insights" let's find out what conversations are being had with our clients about next month; What should businesses be focusing on next month, what big questions should they be asking and what should different business units be looking at? Check out the slideshow for what our clients believe March should look like. Greystone Rook work businesses to develop and implement business operating rhythms. Our team works with business leaders to establish strategies and make a business more robust. We have a panel of experts that can help overcome business challenges, book in a free call to see how we can help you: https://bit.ly/DiscoverGSR ▫ Follow us to see what we're tackling: bit.ly/GSRLinkedIn ▫ Find out what other business owners are saying join The Rook: https://bit.ly/JoinTheRook ▫ To receive a full PDF of "Month ahead insights" email: enquiries@greystonerook.com #smallbusiness #newprojects #greystonerook #newbusiness #businessgrowth #BusinessPlanning #Entrepreneurship #SmallBiz #BusinessResilience #ManagementSkills #UKBusiness #OvercomingObstacles #BusinessResilience

Welcome! Today we're Talking Shop and checking out reason number 4 for why businesses fail, supply chain 😬 . The last few posts have been a little negative so we've flipped it. A great supply chain is the key to be able to consistently deliver on our customers expectations and secure future orders. ❎ 79% of companies with high-performing supply chains achieve revenue growth greater than the average within their industries. Some common early signs of supply chain issues are increasingly frequent delays in product delivery, increased costs due to inefficiencies or disruptions and low inventory turnover rates. However an improved supply chain will make a great difference against competitors and will allow a business to scale quickly. ✅ How can we make the supply chain more robust? 🏭 Diversify Suppliers: Reduce dependence on a single supplier by sourcing from multiple vendors. 💽 Invest in Technology: Use supply chain management software to enhance visibility and efficiency. ☎ Improve Communication: Maintain clear and consistent communication with suppliers to anticipate and address potential issues. Greystone Rook work businesses to identify areas in a business which are experiencing issues. The team will then suggest strategies and guide leadership to make a business more robust. We have a panel of experts that can help overcome business challenges, book in a free call to see how we can help you: https://bit.ly/DiscoverGSR ▫ Follow us to see what we're tackling: bit.ly/GSRLinkedIn ▫ Find out what other business owners are saying join The Rook: https://bit.ly/JoinTheRook ▫ To receive a full PDF case study email: enquiries@greystonerook.com #smallbusiness #newprojects #greystonerook #newbusiness #businessgrowth #BusinessPlanning #Entrepreneurship #SmallBiz #BusinessResilience #ManagementSkills #UKBusiness #OvercomingObstacles #BusinessResilience

We're back Talking Shop and today we're looking at the third most common reason why businesses fail, poor management. One of the ways to see if management is effective is by the staff turnover of a business. Staff engagement and performance are also very important metrics So is it true that, "People don't leave bad jobs, they leave bad managers" the Harvard Business Review would have to agree: ❎ 80% of employee turnover is due to bad hiring decisions, which can often be traced back to poor management. It's hard to measure employee turnover rates in small businesses but there are other tell tale signs of poor management; frequent operational inefficiencies or miscommunications can indicate poor delegation or management. Another sign is consistent failure to meet business goals or targets. ✅ What can be done to help managers improve their performance? 📚 Training and Development: Invest in management training programs to improve leadership and decision-making skills. 📊 Performance Monitoring: Implement regular performance reviews to identify and address management issues. 👥 Hire Experienced Managers: Ensure that key managerial positions are filled with experienced and capable individuals. Greystone Rook work with small business owners and teams to improve performance in key areas. Support is available for all levels of leadership with the goal of bring the best out of people. We have a panel of experts that can help overcome business challenges, book in a free call to see how we can help you: https://bit.ly/DiscoverGSR ▫ Follow us to see what we're tackling: bit.ly/GSRLinkedIn ▫ Find out what other business owners are saying join The Rook: https://bit.ly/JoinTheRook ▫ To receive a full PDF case study email: enquiries@greystonerook.com #smallbusiness #newprojects #greystonerook #newbusiness #businessgrowth #BusinessPlanning #Entrepreneurship #SmallBiz #BusinessResilience #ManagementSkills #UKBusiness #OvercomingObstacles #BusinessResilience

Hey there, we're Talking Shop and today we're exploring market demand. This appears to be the second most common reason for small businesses failing. It's a little shocking but with the proper planning and a solid go-to-market plan, demand should be identified and up front before the business launches into the market. ❎ 42% of startups fail because there is no market need for their product or service. A lack of market demand can become apparent with declining or stagnant sales figures or low customer engagement or feedback. Low demand will result in lower than expected revenues which impacts directly on the business. ✅ What can be done to identify low market demand before it becomes a problem? 🔎 Conduct Market Research: Regularly perform market analysis to understand customer needs and preferences. 🔀 Pivot Business Model: Adjust products or services to better meet market demands. 📣 Enhance Marketing Efforts: Increase marketing efforts to raise awareness and attract new customers. Greystone Rook work businesses to identify their performance in key areas and help introduce strategies to minimise their operational risk. We have a panel of experts that can help overcome business challenges, book in a free call to see how we can help you: https://bit.ly/DiscoverGSR ▫ Follow us to see what we're tackling: bit.ly/GSRLinkedIn ▫ Find out what other business owners are saying join The Rook: https://bit.ly/JoinTheRook ▫ To receive a full PDF case study email: enquiries@greystonerook.com #smallbusiness #newprojects #greystonerook #newbusiness #businessgrowth #BusinessPlanning #Entrepreneurship #SmallBiz #BusinessResilience #ManagementSkills #UKBusiness #OvercomingObstacles #BusinessResilience

We're Talking Shop and today we're touching on cash flow. In our last post we revealed it as the number 1 reason small businesses fail but to be honest we didn't released how many businesses fold as their operation cash dries up. ❎ 82% of business closures are attributed to cash flow related issues. Serious problems arise when businesses struggle to cover day-to-day expenses, leading to a shortfall in cash available for operations, paying employees, or purchasing inventory. ✅ What can be done to overcome cash flow challenges? 🔎 Regular Monitoring: Implement a robust system to regularly track cash flow. Use financial software to forecast future cash flow and identify potential shortfalls. 🏭 Diversify Revenue Streams: Avoid relying on a single source of income. Explore multiple revenue channels to mitigate risk. 🏦 Maintain a Cash Reserve: Set aside a portion of profits as a contingency fund to cover unexpected expenses. Greystone Rook work businesses to implement systems and procedures to create a stable foundation on which the business can achieve sustainable and secure grow. We have a panel of experts that can help overcome business challenges, book in a free call to see how we can help you: https://bit.ly/DiscoverGSR ▫ Follow us to see what we're tackling: bit.ly/GSRLinkedIn ▫ Find out what other business owners are saying join The Rook: https://bit.ly/JoinTheRook ▫ To receive a full PDF case study email: enquiries@greystonerook.com #smallbusiness #newprojects #greystonerook #newbusiness #businessgrowth #BusinessPlanning #Entrepreneurship #SmallBiz #BusinessResilience #ManagementSkills #UKBusiness #OvercomingObstacles #BusinessResilience

Welcome to the first round of Talking Shop! 🚀 To be honest we've started with a big number to get your attention. Yes, over half of new businesses won't make it to Year 3 but there are so many things that can be done to secure a business. And if your business has celebrated your fourth anniversary or more then very well done! ❎ So why do they fail? Here are the 5 most common causes: 💰 Cash Flow Problems: Insufficient cash to cover expenses is a leading cause. 🚷 Lack of Market Demand: Businesses may fail if there isn’t enough demand for their products or services. 🎪 Poor Management: Ineffective management practices can lead to failure. 🚚 Supply Chain Issues: Delays and disruptions in the supply chain can be detrimental. 📉 Economic Instability: Economic downturns and rising costs pose significant risks ✅ What can be done to improve a new businesses chances? A clear view of each area of a business is required, looking at finance, marketing, sales and operations. The owners and management team must have a clear picture of what is going on internally and they must understand external factors such as supply chain, market conditions and competitors. Once these factors are understood then a risk management framework should be introduced. We're going to explore each of the reasons above in our next posts where we will examine each one, explain how it can get out of control and what measures could be put in place to secure them. ▫ Follow us so you don't miss them: bit.ly/GSRLinkedIn ▫ Discuss these topics with us, book a free call: https://bit.ly/DiscoverGSR ▫ Find out what other business owners are saying join The Rook: https://bit.ly/JoinTheRook ▫ To receive a full PDF case study email: enquiries@greystonerook.com #smallbusiness #newprojects #greystonerook #newbusiness #businessgrowth #BusinessPlanning #Entrepreneurship #SmallBiz #BusinessResilience #ManagementSkills #UKBusiness #OvercomingObstacles #BusinessResilience

Are you an entrepreneur or small business that wants to elevate your business game? Follow us for exclusive tips, expert advice and alternative strategies tailored for small businesses. Join our community today as we’re “Talking Shop” throughout June and July where we answer follower questions and share insights, we hope to see you there. Greystone Rook Book a Free Discovery Call: https://bit.ly/DiscoverGSR Join our growing community at The Rook: https://bit.ly/JoinTheRook #smallbusiness #newprojects #greystonerook #newbusiness #businessgrowth

🏰 Welcome to The Rook—the ultimate hub where business owners converge to exchange ideas, strategies, and experiences! At The Rook, not only will you meet like-minded business owners and entrepreneurs, but you'll also access an array of resources and support tailored to elevate your business. Whether you're brainstorming your next big idea or seeking strategies to overcome challenges, The Rook is your go-to community. Join us, and be part of a network dedicated to mutual growth and success. Dive into the synergy at The Rook—where every conversation could lead to your next business breakthrough.  bit.ly/JoinTheRook #TheRook #BusinessSuccess #Entrepreneurship 

Something exciting is coming to help business owners transform their businesses! Stay tuned... #BusinessGrowth #ComingSoon