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balance sheet Has your business improved in the last 12 months?

When we ask businesses this question, here are answers we often hear……..

  • I’m so involved in the day to day tasks, I don’t get time to look at the business at a high level.
  • Nobody can do things the way I do them. The buck stops with me so I get bogged down.
  • I don’t have time to look for long term solutions to problems so I end up putting out fires all the time.
  • I can’t get the right people. Nobody cares about things like I do.
  • I don’t have the time or money to change things.
  • I pay taxes, wages, suppliers. Everyone else gets paid and there’s nothing left for me.
  • Nobody knows the business like I do so how can anyone help me.
  • It’s just the way it is, business is tough. Things will be better next year!

In another week we will be coming into the new Financial Year.    This past financial year has been another year of ups and downs, for many of us (particularly those in retail) the remainder of this 2010 year will be spent riding the rollercoaster.

If your business hasn’t gone the way you intended it to, in the past 12 months, perhaps it is time to consider what you can do to make some improvements. You won’t be able to readily solve all of your problems in an instant but if you choose some key areas you would like to improve you can start to make improvements and see results. What most businesses need to do is something different. Sometimes we need to think outside the box. It is sometimes easy to procrastinate, leave it a month or two and sit back and wait, sit tight for the economy to turn around, wait until sales pick up etc.. but the reality is that you can begin making improvements whenever you want, and benefit from these improvements in a short time.. You have to be motivated to make the change or accept the consequences of doing nothing.  The reality is the economy isn’t going to do a 360 degree turnaround, we have to deal with the way things are now!  Sometimes it is difficult to think outside the box when we work so hard in our businesses.  Redland City Business Grow offers free business advice and mentoring assistance to Redland Businesses.  We would be happy to assist and facilitate for you to think outside the box and problem solve.

For further info please contact our Consultants on 1800 282 208 or email; .(JavaScript must be enabled to view this email address)

Posted by Melanie Lavelle-Maloney on 04 Jul 2010

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