This year you and your business have had to face unprecedented challenges that potentially won’t go away soon. Are you doing the ‘right thing’? When you’re faced with a plethora of decisions, how do you balance time to consider those decisions versus the immediacy some might require in order for your business to survive?
When I start working with business owners, one of the first things I ask is, ‘What is the purpose of your business?’ In other words, why does the business exist? Surprisingly, this simple question often causes some debate.
No business has been untouched by the current coronavirus outbreak and subsequent ‘lockdown’. Whether you have seen a boom in trade as a delivery firm, a dramatic fall in revenue as a service company, or had to remodel your business to enable safe working for your teams, you will have been affected.
Imagine being above a ravine clinging to a rope – white knuckles and fear of your grip slipping would be understandable. As a business owner concerns about letting go may be inhibiting your company and your health. And if your team is now remote working you may want to cling on more tightly.
One of the many interesting aspects of working with business owners is their view on timescales. They can be impatient when things don’t happen quickly enough, yet display a lack of urgency when action is required.
As the owner of your business you may have a clear idea of what you want to do as the ‘final act’ for the company you have created. You may have this clearly articulated in an exit plan.
When skills or experience overlap with another person, some people believe you must be in competition. This is a sign of a closed, glass half-empty mindset. But what about the benefits a combined approach, or collaboration, can deliver to a client? This is a glass half-full, growth mindset.
When we are asked who we work with and how our expertise is best deployed, a concise answer doesn’t always do justice to the range of work we undertake.
Over the last year, we’ve been working with local charity Woking & Sam Beare Hospices and are proud to be one of their Business Supporters for 2019/2020. We’d love to see more businesses support charities, but what does this mean and why should you consider reaching out to your community?
Bonuses represent a common dilemma for business owners, particularly at this time of year, and it’s a subject that’s fraught with pitfalls and complexities. If you’re grappling with the thorny issue of bonuses, here’s what you need to consider.