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Business Advisory team update: Plan For Success by Jon Broadley

As we head towards spring – a time of new growth and opportunity, it is timely to assess how we are performing as a ‘business’. By now you should have a reasonable feel how the business fared over the past financial year so are there particular areas that you should be planning on improving to enhance your overall business performance?

It has been said that "If we are failing to plan are we planning to fail?" The Spring business resolution should be that we must take more control of the things we can control. St Francis of Assisi's Serenity Prayer sums up the dilemma "Lord, grant me the serenity to accept the things I cannot change, the courage to change the things I can and the wisdom to know the difference." In 2014 it is difficult to influence global impacts, such as fuel price increases, on our market but we can influence local markets such as how we position, promote and price our products. By planning how we are going to retain our current customers and how we are going to target new customers, we are seizing the initiative rather than letting fate 'steer the ship.' Consider this story:

A thief was caught after stealing some paintings from the Louvre in Paris, when his getaway van ran out of fuel. Given bail at his first hearing, a reporter asked him on the steps of the courthouse how he forgot such a vital part of his plan. "Simple," said the thief, "I had no Monet for Degas to make the Van Gogh!!“

Corny I know but the moral of this story is of course the 6 x Ps - 'Prior planning prevents petroleum poor performance!' Again please think about your business future in this way.

We can help with your Planning - Strategic, Business and Succession. Please contact me or any of the Team here at accounted4 to discuss how we can work together to spring your business forward.


 

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