Reflecting on 2024: A Year of Change and Opportunity

As we wrap up 2024, it’s a good time to reflect on the big changes this year has brought. Between rising interest rates, economic shifts, and a change in government, UK businesses have had to adjust rapidly. The question is: how did your business manage? 

The Power of Planning 

You’ve likely heard the saying, "Proper Prior Planning Prevents Piss Poor Performance" (the 7 Ps!). At London Coaching Services, we believe in smart planning to help businesses navigate whatever comes next. 

To set up for 2025, let’s break things down with a simple SWOT analysis: 

How Did Your Business Hold Up? 

With inflation, rising labour costs, and energy prices, 2024 hasn’t been easy. Take a moment to assess: 

• Strengths: What helped your business survive? A solid customer base, effective leadership, or streamlined operations? 

• Weaknesses: Did any cracks show? Were cash flow issues or inefficiencies a problem? 

Maximise Your Business’s Value 

As the market gets tougher, adding value to your business is key. Buyers want resilience. 

• Opportunities: Tap into trends like AI or sustainability. These can boost your business’s appeal. 

• Threats: Keep an eye on rising costs and supply chain delays—both could bite into profits next year. 

Ready for Financial Freedom? 

Building a business that runs without constant oversight is the dream. With 2025 ahead, this could be your chance. 

• Opportunities: Look at digital transformation or Net Zero initiatives to streamline. 

• Threats: Watch out for cybersecurity risks and changing regulations. 

Looking to 2025 

2024 has been unpredictable, but with a clear plan, 2025 can be your best year yet. Let’s chat about how we can help. 

Cheers,  Vernon  London Coaching Services