Of all the 5.4 million businesses in the UK right now, 80% of them are struggling or getting by and barely keeping their heads above water. Executive contributor and business mentor writes for Brainz.
Living hand to mouth, with all the stress that goes with it – and not really sure how to change it. They are caught in a spiral of doom and some don’t even know it! They have no plans or clearly articulated goals and they don’t know their key business numbers. They are more likely to have a nasty surprise at the end of each financial year.
These businesses struggle with consistency. To customers, staff and suppliers there is often a sense or appearance of chaos and disorganisation. The business has difficulty in attracting and retaining the right people, with the skills and attitudes needed to really make a change, for real success.
The business owner experiences high levels of stress and uncertainty because of a lack of cash – and they lose sleep over how they are going to get though the next day, week or month. In many cases, they dread going into “work” but know that everything will fall to pieces if they aren’t there. They only see their family when they are distracted, worried and unhappy.
Still not clicked? Here’s a little more: And it doesn’t matter what size your business is
whether you are a sole trader or building something that you hope will change the world. Running a business is pretty much the same for everyone. The only difference is the scale.
Before you get started in a new business, or continue with your existing business some of the questions you should probably ask are…
Can I help? Click here to contact Christine by email alternatively you can book a call with the Business Mentor of the Year 2020, author and speaker. Helping business owners get their businesses exit ready so they can enjoy a happier, richer future. Christine saves them THOUSANDS and increases the value of their businesses by MILLIONS.