There are many small business owners reading this, and they have probably read my earlier posts on business improvement and said "that's not for me, I'm just a grinder, grinding away day to day in my small business".
I'm thinking of Dave the floor sander who did the new floorboards at my house. I'm also thinking of Adam the housepainter who did such a good job on my house and Brad the electrician who comes over anytime I call him. These are all hard working small business owners who employ anything from none to 5 people, organising their work procedures, their finances and their people as best as they can, where every day is a busy day just "doing the stuff".
If you are one of them you are probably thinking that all this "strategy advice stuff" is not for you. And yet, every time I talk to Dave, and Adam and Brad, they are always willing to talk about their latest ideas, about how they improved sales by getting a telephone answering service, about how once a year they take their staff inter-state to watch a football game as a reward and to build team spirit, about how they sit down together to...Read more
So you want to start your own business?If you are like all small business people, you have decided to start your small or kitchen table business because of factors such as being your own boss and all that picture entails. Today, this seems even more possible due to the technology that you can use from home or a shared space that allows you to keep costs down in comparison to a bricks and mortar business.While there are even government websites encouraging you (there's one that has a header "Open for Business: Simple, Fast, Easy) headlines still exist that shout out nearly 80% of businesses close within 18 months of starting - and you can bet most of these are micro, small, kitchen table businesses.Nevertheless our enthusiasm as human beings for the life of freedom is boundless, and once you conquer fear of failure, most of us grasp the chance and plunge in.The question is not "will you start your own business" but "how will you start your business with least risk of failure". So here are the 6 things I believe you need, gleaned from 35 years advising small business.No. 1: Know yourself! This is probably the most important advice...Read more