Guest Blog - Guiding your Business in this Changing World
Changing World......New Opportunities........
Now is the time for all of us in business to review, plan, re-think, and adapt so we are ready for when the restrictions start to be lifted. Let’s hit the ground running and get ahead of our competitors.
The pandemic is changing the economy and the way we work in the world of business. We all need to have a plan in place to face those changes and seize the opportunities. Negatives will change to positives, new ideas will be developed, so this is the time to start planning your way ahead for when we come out of the Covid restrictions.
If you do not have a plan you will not know where to start, which means you will never arrive at your destination – no plan, no route and no results. Unfortunately, most small businesses do not have a business plan. As we emerge from the shutdown, having a plan has never been or important to help your business grow, to be competitive and become more profitable.
A well-researched and constructive business plan will undoubtedly help you grow your business – it makes sense. It does not have to be 100 pages of precise details, 8-10 pages covering the key aspects is enough.
So, how do you piece together your business plan? Everyone has ideas and thoughts about the business they want to start and develop – write them down as an outline. Next, start to think about the key components of your plan:-
· Your vision for your business
· The market you will enter
· Market research
· Your route to market
· Check out competitors
· How the business will operate
· Finances – cash flow and budget
If you’re not sure where and how to start, I have templates available and I can guide you through them.
As a business consultant and mentor, I work with both start-up and young businesses. Support from an external adviser is invaluable, helping you focus on the positives and avoid the negatives. I can help you – I have over 35 years’ experience as a business owner. I’m a member of the Associations of Business Mentors (ABM), the professional body for business mentors in the UK – I’m one of the ABM’s directors.
Contact me today to have a chat - there’s no charge and no obligation.
Chris Dowling – Business Consultant & Mentor
T: 01825 701332