Over half-way through 2020 and you may be wondering, ‘what next?’. Your business may be thriving, in a holding pattern or barely surviving. Your answer to ‘what next?’ is in part down to your circumstances but also your mindset, your attitude to risk and your re-assessment of your future goals.
For some businesses lockdown was an abrupt suspension of activity, some literally ‘shut up shop’ overnight. Others had to adapt operations to continue some level of business with alternative working arrangements. And for the rest, opportunities and sales volumes have grown to unprecedented levels.
In the current business climate, whether you are thriving or barely surviving, you may consider the value of additional ‘horsepower’ in your business. You may not need or want to invest in a full-time manager or director, but equally you may feel that a short-term consultant will not be the answer.
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.
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?
If you’re a business owner, you’re a leader – whether you want to be or not. For some business owners, building and leading a team, getting the most out of people, and nurturing talent are some of the most rewarding aspects of the job. It’s what gets them out of bed with a spring in their step.
As a business adviser, I work with owners of all sorts of businesses – creative and otherwise. One thing that a surprising number of business owners have in common is that they just don’t plan their business.