Many business owners I meet have the same wish:
“ If only I had a few more hours each day to get things done!”
The reality is that there’s only ever going to be 24 hours in a day and frankly, if you are working for more than 50 hours per week, some part of your life is going to be suffering, whether it be your health, family, fitness or enjoyment. Now, putting up with this for the first few years of your business is a must – nothing is built without some hard work to get it going. However, if after year 3 there is not an improvement and you’re working long hours because you have to and not because you want to, then something is wrong. Continue reading “How to get 12 hours of work into 5 hours per day” »
When thinking about how to grow a business, most business owners will focus on increasing the number of customers, selling more products or services and making more profits. Unfortunately, if they do this they are destined to fail, because they are concentrating on the end result, and not on the factors that they can actually have an effect on. Continue reading “The 5 Ways to Grow Your Business” »
Chances are, when you started your business, you were very passionate about it. It was all new and exciting, a way for you to make your mark on the world, to do things your way, to set new standards, to bring something new to the market, to help more people – in short, you were in love with your business and the opportunities it promised for you. Continue reading “How to fall in love with your business all over again” »
It’s a well known fact that most businesses out there will never achieve their full potential. A high percentage will fail during the first few years, but those that do continue will often reach a plateau and stay there, not really growing as the years go by. So what could possibly be holding them back? Well, in some cases, the business owner just doesn’t want to grow the business, or doesn’t know how to. Other possibilities are that they aren’t able to access the finance to enable them to grow, they don’t have the competitive advantage enjoyed by other businesses, or they lack the resources.
For many reasons, I’m sure a lot of people will be glad to have said goodbye to 2016 and will be looking forward to better things in 2017. So what can you do to ensure that this is the best year ever for your business? Well, here are my top 11 tips for greater business success over the coming year: Continue reading “How to Make 2017 Your Best Year Ever!” »
Do you have a business plan? Is it sitting in a filing cabinet somewhere, never seeing the light of day? Can you actually remember what goals and targets you set out in it?
While a full-blown business plan has its purposes (securing bank financing being one of them), an inspired, action-oriented success plan will prove to be far more effective in driving your business forward. Continue reading “Do you have an Action Plan for Success?” »
In 2015, a record number of new businesses were set up in the UK – over 600,000 people took the plunge and became business owners. The sad facts are though that, based on past experience, it’s likely that 20% of those businesses will fail during their first year, only 50% will make it to their 5th birthday, and by 2025, 70% of those new businesses will have shut up shop. Continue reading “What Determines The Success or Failure of Your Business?” »
Each year, thousands of individuals are overcome by the desire to start their own businesses. So what on earth possesses somebody to give up a steady monthly income, guaranteed holiday and sick pay, a risk free working environment and a team of people to support and help them, in order to work on their own, twice as hard, for much less money, no guarantees and loads more risk? Well, the answer is not as simple as you might first think.
Here is the million dollar question: why are you in business, and what do you want to achieve from your business? In effect, what is the ultimate goal for you and your business? Many business owners I come across have either forgotten what their big goal is, had no idea in the first place, or the goal is so vague and woolly that they find it hard to actually tell me, let alone write it down! Continue reading “Dreaming of the BIG GOAL!” »
There were more than 608,000 new business start ups in the UK in 2015, which was a new record. People start their own businesses for a wide variety of reasons, but there are just three categories of business owner:
- the Technician, who is good at getting the job done,
- the Manager, who is good at managing people and processes, and
- the Entrepreneur, who has a great idea and vision of the future.
The sad fact is that 80% of new businesses do not make it past 5 years, and many of those that do will reach a certain size and stay stuck there, because the business owner doesn’t know how to take the business any further. So why is this, and what can you do about it? Well, that depends on what type of business owner you are: