As the saying goes, you can’t do everything. That’s why delegation is one of the key skills that any business owner must master – however grudgingly – if they are to successfully transfer their business to someone else.
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’. But, in practice, how many of us do an effective ‘review and plan’ and, most importantly, make any changes as a result?
A recent study found that small businesses are missing out on valuable guidance from non-executive directors and business advisers. Lack of understanding on how to find and engage with advisers means business owners are not benefitting from the experienced perspective that external advisers bring.
What’s in a name? 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?
The summer is drawing to a close, and what a summer it was. By now, your team should be back at work, hopefully well rested and looking forward to the months ahead with renewed vigour. But as the business owner, how are you feeling?
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.
Unbroken sunshine, daily heatwave warnings, England securing their place in the last 16 with barely a bitten nail in sight – it’s been an unusual midsummer, and one to enjoy. But you might also be looking at the wall calendar and thinking, ‘Where has 2018 gone already?’
Michael Gerber has a lot to answer for. As the author of The E-Myth: Why Most Businesses Don’t Work and What to Do About It, he provided great insight and a compelling formula for owner-managers wishing to grow their businesses.
A lot is written about change: that it is inevitable, that it is disruptive, that it is good for us. As a business owner, change is fundamentally what you are about. Change is how you and your business improve and grow. Change is what moves the business forward. Continue reading “Change that sticks, not slips: creating the right environment for improved performance”
At some point, your business may be faced with a huge challenge, one that may even threaten its very existence. How well prepared are you? Have you thought through a business continuity plan? Have you contemplated disaster recovery? Continue reading “Business continuity: can you put your company into the recovery position?”