Ok, So Now What For Your Business?
Prepare yourself for the next decade ...
POSTED BY JONATHAN VOWLES ON 14/01/2020 @ 8:00AM
It's 2020, the UK has a new parliament and, as with all new years and new beginnings, the resolutions (and maybe the political promises) will soon be dropping like flies in a Vapona factory. More importantly, what have you done to prepare yourself and your business to meet the needs of the next decade?
If you want to grow your business, you need a plan and some good regular advice!
copyright: everythingpossible / 123rf
We might have the bright prospect of the new year and a new decade, but also we have the business challenges of cashflow and change. As ever for business, the challenge is how to thrive and how we make the most of both our business and personal lives.
"It is a truism that being in business gives you a fantastic
chance to become successful ... or not!"
It is the 'or not' part that everyone seems to forget until things go wrong. Because winning or losing at business are choices ... or, to be more accurate, are usually the result of lots of choices and decisions made over a period of time as your business grows or fails.
Which means that it is important to make sure you make good choices, but how do you do that? The first step is in having a plan. A plan gives you two things, firstly that you have thought about what you want and set a point to aim at. Secondly, that you have gone through the process of thinking about what you want and how to get there from where you are.
The second step is in having monthly or quarterly management reports so you can see how you are actually doing against your plan ... and both focus on your goals and targets and continually tweak your plan as you move forward!
As a business advisor, I help business owners develop plans, but the business owner can't abdicate all involvement and just buy a readymade plan, unless they want someone else's plan.
"You have to be firmly and vitally involved in developing your plan and setting goals and targets that you believe in!"
As an accountant, I help business owners with their management reporting and reviewing how well they are progressing with their plans. Then as a business advisor, I help them to move forward and put their plans into practice.
Until next time ...
Would you like to know more?
What are you doing to update your plans and then put them into practice? Do you need help from someone who has the expertise and the experience to make a positive difference? Call on 01234 752 566, leave a comment below or click here to ping over an email and let's see how I can help you.
About Jonathan Vowles ...
I've been an accountant in and for business since 1987 and have a wide experience of consultancy, audit, accounts, taxation and wealth planning work from individuals and small businesses to multinational corporations and charities.
My eclectic interests in growing and developing business span a number of areas, which can be summarised as strategic business advice and tax saving advice.
I have worked with the Chamber of Commerce to deliver courses for people about starting up in business and have lectured about tax for a major accountancy practice and for Milton Keynes College.
I relax by reading fiction and by getting away from the office in a campervan.
More blog posts for you to enjoy ...
Other bloggers you may like to read ...