Governance is non-negotiable as a Business Owner.

Many Company Owners start a business without realising the responsibilities & weight required of a Director. When the buck stops with you, there is no room to shirk your duties. “I didn’t know” doesn’t cut it“. 

As a Director you have obligations by law to your business and to your employees. At the end of the day, you are accountable for what your business does both with and without your knowledge. You need to be in the full know. It is imperative that you understand your business operations, your cashflow, and ensure you have a robust business plan.

You have a responsibility to provide cashflow, mitigate risk and have a plan to operate or survive your business through times of crisis and disruption. Now is the time to ask what you don’t know – ask, prepare, plan & test – repeat. Once crisis hits, without a plan you’ll have a sinking ship.

Don’t let your lack of knowledge get in the way of your success. Protect your business – after all you have spent years building it

Read our full newsletter below for upcoming workshops, events and more. 

Is your business using crisis pain as crisis fuel in advance of a crisis?

Life can be seemingly going well and then suddenly a curve ball hits – I am sure you know what I am meaning. If you are doing life, curve balls are life!

When that curve ball happens in business the impact becomes a domino effect to many – your staff, your clients, potential clients, the business information and so on.

Disaster recovery and business continuity plans today are more important than ever. What is the risk of a disaster occurring? And if that were to become reality, what would it cost to be down for hours, days or even weeks?

Have you got a disaster recovery plan in place in your business?

2023 The Perfect Storm

Read our full newsletter HERE. 

The voice of the customer brings insights to your business for growth.

And it costs so much more to acquire and find new customers than it does to service your existing customers. 

But knowing what your customers really think about your business can be tricky. Especially when in the thick of your business and you don’t even know what to ask. 

Having your finger on the pulse of your customer’s interactions with your business will help you to create a better experience for them. 

And that will lead to a stronger growth allowing your business to thrive.   

Read our full newsletter HERE. 

Do you dig trenches or build bridges?

Time is limited and it’s how you utilise your time that makes all the difference in business. Time is also your best business resource. A successful entrepreneur needs to recognise the value of their time and always spend it on the opportunities.  What do you think you should be the main focus for your time?

Should it be packing orders?  Or planning for growth?  Can it be a combination of both?  You are already feeling over stretched.

You can’t grow a business by solidly being in the trenches – being the chief doer. You need to get out of the trenches to create space for what’s important.

Cashflow is the lifeblood of your business and without having a firm handle on this you can find your business going south very quickly.

If you want growth in your business you need to get harsh, brutal and ruthless with the tasks you spend your time on. 

As the business owner, YOU, are the most critical component in the business. Your time is not free, it is valuable.

In order to be a business owner you are already a very capable, intelligent and educated individual so you need to shift your perspective to reflect that. 

Do you see the flight attendant piloting the plane? 
No, the Captain does. 

As the Captain of your business there are tasks and direction that only you can do to help steer and drive your business growth. These activities need to be your priority and your focus. If you start to try and do too many things, wear too many hats you will find yourself, stressed, overworked and underpaid. 

However, it can be hard to know where to start to prioritise and refocus your time. 
This is where having a business advisor can save you time, money and energy. 

At The Engine, all our Business Advisors have been in your shoes, they understand what it is like running a business. They take the time to get “under the hood” of your business so their advise is tailored to your business needs. They look at your business holistically and know what you need, when you need it. 

If you are serious about your business growth and want to take steps to move yourself out of being “too busy” for time with your family, or to finally get some time for that holiday then you need to understand what is holding you back. 

Register to see if you are eligible for one of our 30-minute complimentary Business Advice sessions for January. You may even be eligible for partial funding ongoing.

Take action to unleash your business for 2023.  It will truly be your best investment for your business and for you personally.

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