2021 is crunch time for many SMEs as Job Keeper has stopped and the banks are looking to start repayment on any deferred loans,
The COVID lock downs were a disaster for so many families in business. It's a real challenge and a cause of anxiety for many in business. If you need to talk to someone to let off some steam contact me.
It's like walking on a tight rope? You might fall off or you might make it the other side and through 2021. It's a delicate balance. The small to medium businesses of Australia will suffer more than any other segment.
It's time to action a plan the future of your family business and assess if you can keep your original dream alive. You will probably have invested years of blood sweat and tears and money into your business. Don't try to solve it on your own, seek help from an experienced and proven advisor who has walked in the shoes of those who have been though tough times before.
Beware the online spruikers who offer a quick fix by signing up to their programs.
When you focus on possible new opportunities and a shared purpose you will be able to navigate past the current crisis and come out of it stronger. Every privately owned business must have a great internal culture, systems and processes to ensure they are sustainable for the long term. In fact, this is not negotiable.
Many business owners now face a changed business environment and don't know who to turn to for advice. It can be refreshing to be able to get things off your chest and know that someone will listen and give you honest feedback. Why do most successful people use mentors? Because it works.
Experience shows the most effective benefit and value an experienced advisor can bring to families in business is to facilitate conversations within the family group where there are two or more generations and/or in laws working in the business. I can guarantee that working through the issues with individuals and then meeting as a family group brings success. It can be tough, scary and challenging. Many I have worked with will tell you it makes a significant and positive difference.
The COVID lock downs were a disaster for so many families in business. It's a real challenge and a cause of anxiety for many in business. If you need to talk to someone to let off some steam contact me.
It's like walking on a tight rope? You might fall off or you might make it the other side and through 2021. It's a delicate balance. The small to medium businesses of Australia will suffer more than any other segment.
It's time to action a plan the future of your family business and assess if you can keep your original dream alive. You will probably have invested years of blood sweat and tears and money into your business. Don't try to solve it on your own, seek help from an experienced and proven advisor who has walked in the shoes of those who have been though tough times before.
Beware the online spruikers who offer a quick fix by signing up to their programs.
When you focus on possible new opportunities and a shared purpose you will be able to navigate past the current crisis and come out of it stronger. Every privately owned business must have a great internal culture, systems and processes to ensure they are sustainable for the long term. In fact, this is not negotiable.
Many business owners now face a changed business environment and don't know who to turn to for advice. It can be refreshing to be able to get things off your chest and know that someone will listen and give you honest feedback. Why do most successful people use mentors? Because it works.
Experience shows the most effective benefit and value an experienced advisor can bring to families in business is to facilitate conversations within the family group where there are two or more generations and/or in laws working in the business. I can guarantee that working through the issues with individuals and then meeting as a family group brings success. It can be tough, scary and challenging. Many I have worked with will tell you it makes a significant and positive difference.
Many families in business are emerging from a state of uncertainty. That is causing emotional conflict and anxiety in a family businesses. Each family member will have an opinion on what is the best strategy to survive. Setting up an advisory board takes the isolation out of running a business and leads to better decision making.
I have been working with family business and, having been a business owner, I know how it feels to operate within a family business. I understand and have been through the emotions and frustrations at all levels in operating a family business.
Credible research shows the most successful private companies are those who have implemented an advisory board. I have built my reputation working with business owners and establishing advisory boards.
For many, the hardest decision you will confront is making a choice with regard to the future of the business It is well documented that there are thousands of business owners concern about the survival of their business. An external independent advisory board chair brings a pragmatic and experienced approach to building a business strategy by challenging your thinking and taking the emotion out of decision making.
Credible research shows the most successful private companies are those who have implemented an advisory board. I have built my reputation working with business owners and establishing advisory boards.
For many, the hardest decision you will confront is making a choice with regard to the future of the business It is well documented that there are thousands of business owners concern about the survival of their business. An external independent advisory board chair brings a pragmatic and experienced approach to building a business strategy by challenging your thinking and taking the emotion out of decision making.
Contact me (Bill Winter) for a no obligation discussion or to just have a chat. Learn how I have been working with families in business to improve their business performance and help sort out internal family member issues. Sometimes these conversation are really hard.
Mobile : 0411 536 424 PO Box 7010 Geelong West Victoria 3218
Email: billwinter@bigpond.com.au
Mobile : 0411 536 424 PO Box 7010 Geelong West Victoria 3218
Email: billwinter@bigpond.com.au
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Please be advised that any response offered is general in nature and should not be acted upon without first seeking professional paid advice from your external advisors.