Working In It Rather Than On It?

Many small firms take a random approach to business planning, according to a recent study.

Research by business insurance comparator SimplyBusiness.co.uk of 400 British businesses shows that 54 per cent of them have no written business plan.

More than two thirds of entrepreneurs make decisions on gut instinct alone, while 65 per cent do not credit check new customers.

Firms also risk costly legal action over inadequate HR practices, with over a fifth (21 per cent) with no formal contracts for their permanent employees and 79 per cent with no dedicated person to handle HR operations.

Limited time and resources are characteristic of growing businesses, and the recession will have stretched owners further than ever before. Understandably, many have become so focused on working in their business that their time working on their business may have suffered as a result.’

So how can we help?

We can perform a simple “Business Health Check” to highlight key areas for you to strengthen and recommend actions to take.... and we are great listeners!

Why not talk to us about your future personal goals and business objectives and we can help you devise a written plan and discuss the key targets you need to monitor to make sure you are on track to reach your targets.

The most successful clients we work with all have written plans and regularly sit with us to review how they are doing.

It really does make a difference to work “On It” from time to time!