It doesn't have to be difficult..
Founder of the SMG & Consortiat Partnerships, Private equity Investor in businesses. Buying Building and Selling companies
Feeling frustrated? It doesn’t have to be that way, While it's been a tough year for many in the business owners who’ve had to handle increasing competition, costs, cashflow and HR challenges, the shrewd and switched on are looking for the angles to grow and flourish regardless of how the economy looks for the year ahead. If you choose to sit down with a blank sheet of paper, to design a brand-new pan of action I can almost guarantee that you’ll find ways (strategies) that will firmly put you on the front foot as we turn the page of the year. Having been in tricky situations many times over the last 4 decades I know from personal experience that the answers are NOT (except in a one scenario) to simply borrow more money to tackle the cashflow challenges. I’ve learned from experience a basic 4-step method that works in virtually 90% of of situations when a business owner shares their business frustrations. (1) CALIBRATE – by which I mean get out a blank sheet of A3 paper and mind map the entire business canvas. Only by doing this can you start to see the bigger picture. (2) IDENTIFY – the subjects that are causing ‘you’ the greatest amount of anxiety and impeding the positive cashflow profitability you want from your business. (3) PRIORITISE – the subjects that must be solved to increase revenues, cashflow & profitability (4) SYSTEMATICALLY – action each step of your plan to immediately rectify each and every impediment to increased revenue, cashflow and profitability In all honesty, while this is a very simple process it can be incredibly challenging to do on their own without a third party ‘working with you’ because of being so close to the mirror so to speak (It’s amazing how creative your mind can be when you are bouncing it off someone else!!) I hope this simple process will help you to recalibrate over these next few days before the new year. If you want to bounce a conundrum off me or you want to have a chat with someone who has genuinely been where you are on your business journey, please do get in touch..