Running a business can be exciting, challenging, daunting and everything in between! The power is inside YOU to make positive changes to your attitudes, behaviours and actions so that your business can get to where you want it to be.
The business coaches at Business Advice Australia are not only experienced in helping our clients grow their business – we are here for you every step of the way, from ideation to exit.
Before you begin a new chapter with us and get the most out of our business coaches, first things first – you have to be willing to change. The business world is constantly evolving, and if you don’t move with it, you will be at risk of lagging behind and having to start from square one.
So, what are you waiting for? It’s time to get ahead of the game! Here is a checklist of actions to take and mindsets to adopt to ensure you’re set up for business growth:
- Be flexible in your beliefs and business strategy.
Rigidity may not pay off because what worked yesterday or today may not work tomorrow. That’s why you must be willing to step outside of your comfort zone to inspire your employees, customers, and yourself. Only once you’ve changed your culture and mindset will you begin to see results.
- Listen to and involve your team.
Move on from the old system of passive workers who simply take orders with no input of their own. As a business owner, you should be open to hearing ideas from different people. Everyone has something to offer, and by having open ears and an open mind, that suggestion you take on could be your next step to success.
When everyone’s involved, it also encourages productivity and an inclusive workplace culture where everyone feels valued and listened to. How good is that?
- Be an active learner.
There is always room to learn. Sure, you don’t have to adopt every new idea, but by listening to what other people have to say, it may spark new perspectives and strategies that could help your business in the future.
Be proactive and subscribe to other like-minded business owners on social media as well as business coaching services like ours (@businessadviceau). Take the time to do frequent research on the latest trends and business news.
So, before you set sail with an expert business coach at Business Advice, make sure you can tick these three items off the checklist because after all, change starts from within.
How and what you do to manage this stress can make all the difference when it comes to your health and business longevity.
Put contingencies in placeUncertainty is one of the primary causes of stress and, even with extensive planning, success is not guaranteed.
Doing so can require additional time and effort, that none of us really want, but it can make all the difference when keeping negative impacts to your business at a minimum.
Contingencies could be anything from additional funds for a slow month, to additional stock to ensure you never run out.
Once set up, contingencies play a massive role in reducing stress, anxiety and potentially keeping your business afloat.2.
Invest in TechnologyIt has become a common occurrence for businesses these days to allocate a considerable portion of their finances in technology.
In last week’s blog about strategy (The Entrepreneur’s Mindset), we talked about how to move your business forward to prevent it from falling like so many others.
Within it I posed you a question:
“I haven’t got time to focus on my business!”
“There aren’t enough hours in the day!”
“I’d be able to get on if it wasn’t for all the interruptions!”
Here’s the thing, the only thing that’s stopping you is…YOU
With a Royal Commission into the finance industry just around the corner, it’s important now, more than ever, to obtain accurate financial advice.
We’ve created a list of go-to questions to ask before partnering with a financial planner.
Traditionally, the local Bank Manager was seen as the oracle of all things financial.
Our parents would look to the Bank Manager to obtain advice and guidance on all things money.
How do you decipher through all the financial jargon, and reach a point where you’re satisfied with the information you have, and the product that you have received?
Research by the Financial Services Council has shown that people who received financial advice were almost $100,000 better off in retirement.
