Creating Your Business Plan: Why starting with ‘Why’ matters
Starting with ‘Why’ helps determine your business plan and strategy Crafting a successful business strategy often begins with unravelling a fundamental question: ‘Why?’ This simple yet profound inquiry, popularized by Simon Sinek’s Start with Why, holds the key to unlocking your business’s true potential. The Significance of ‘Why’ Sinek’s philosophy emphasizes that a business’s purpose—the ‘why’—holds more sway over customers and employees than mere products or services. It’s about tapping into the deeper motivations that drive your organization forward. How ‘Why’ Shapes Strategy 1. Grounding Your Business Goals Your ‘why’ serves as the bedrock for your business goals, ensuring they…
Navigating Your Business Exit: There’s more to it than just the money
As an experienced accountant and business advisor, I know that deciding to sell or close your business is a big deal. I’m here to help you understand what to think about if you’re considering this big step. Why do you…
Are you making the most out of selling your business?
Are you making the most out of selling your business? Your exit should be a pinnacle, surpassing your annual company profits. Unfortunately, many small business owners find themselves settling for less due to a lack of strategic planning. All too…
What goals and targets should you set for your business?
How do you identify what your successful business should look like? Determining strategy and planning for your business is something all business owners grapple with. The first question you should be asking is ‘Why?’ Asking ‘why?’ has become a key…
10 Books for Business Success
One of the best pieces of advice I received in my early years as an accountant and before starting my own business, was to read regularly. In business, it can be said that no problem or challenge is truly original.…
How can you improve your business profitability?
The 4 best ways to grow a business profitably Every business owner would like to make more profit, but many are held back by focusing on the wrong things. The secret to increasing your profit is: don’t focus on profit. Focus…
Is a budget the same as a forecast?
Do I need a budget or a forecast – or both? Is a budget the same as a forecast? The two terms are frequently used interchangeably. Which is better for my business? Traditional budgets could be viewed as an allocation of scarce,…
