Once upon a time, running a small business was relatively uncomplicated. Not easy, but uncomplicated. You were good at something. You saved or borrowed some capital. You set up procedures that focused on doing what you were good at, which was what drove the business, and then you hired people who could do the supporting functions like keeping the books. As you progressed, you hired some contract specialists like tax accountants, or you hired contractors to do things you didn't want to do like clean the office every night. (more…)...Read more
It is almost impossible for anyone operating a small business these days to avoid two things if they want to continue growing awareness about their business:Read more
- A good website; and
- A social media presence.
One of the consulting assignments I most enjoy is working with all the people in a client's business. Often, when I am helping Directors prepare a strategic plan, or Managers work on their business plans, I only work with these Directors and Managers, or sometimes owners and other stakeholders. Rarely do I get to work with the company as a whole unless I am working on a change management assignment involving restructuring, systems, people and culture. But of course, even when I don't work with people below management level, I meet and interact with the other employees, and see a vast range of cultural phenomena. Even in driven and well-led companies, I sometimes see an underground layer of tension. Leaders need to recognise that some people feel intimidated by strong leadership and despite being invited to, do not voice their opinions. They have to be invited to do so and be given the opportunity to see that feedback from them is welcome and positive. (more…)...Read more
Did you know that 8 out of 10 small businesses close down within the first 5 years of opening? But do you know what's worse? Of those that survive, less than 25% rate their businesses as "successful". More than 70% of small businesses who have existed for more than 5 years say that they are "struggling" or "surviving". How would you like to spend the rest of your business life struggling or surviving? (more…)...Read more