A new business enterprise that is poorly planned and starts badly will usually get worse. The saying “time heals all wounds” is a truth only when the wound is attended to. If the wound is neglected, it can worsen over time. Even if you plan your business well from the start, it can go stale over time.

Staleness can occur when you get a little too comfortable and fail to notice that the market environment has changed and you haven’t kept up. Your products and services that were in demand a year ago might now be edging towards obsolescence, but obsolescence is not an overnight event. It is a creeping adversary that is detected only by your constant vigilance, regular review of your goals and resetting your priorities.

For all your professional business planning Australia needs call Gary on 0408 756 531

The post No planning or priorities first appeared on Gary Weigh.

You have been recently employed and now you decide to go into business merely to buy yourself a job.  Nothing really changes except you have ditched the old boss and you are free to do as you wish. 

Not only are you the boss, you are probably the only employee – well someone has to do the work!  Unfortunately, it is likely that you are the boss in name only because the employee mindset rarely changes overnight. 

Even though there is a new boss sitting in the big comfy chair, your thinking is still that of an employee.  Old work habits and employee thinking die hard.

If this is you, then expect to struggle unless you have a fast change of mindset.  Not only do you still think like an employee, you now also lack the resources that your old boss once provided and you don’t receive the guaranteed weekly pay packet as you did in the past, even in those weeks when you didn’t earn it. 

Back then you were a small cog in a big wheel, even if you were called ‘a manager’.  Now you have to be the whole wheel as well as the engine that drives it.  It’s not an easy transition to make.

The tasks that you once performed and mistakenly believed to be central to your former employer’s profit will probably not make you a cent in your own business.  Filling up your day with non-core activity will not make you a profit now. 

You must come to the rapid realisation that only ‘high payoff’ or ‘profit’ activities related to ‘customer demand’ will make you money and you need to work out what they are.

You could be a dangerous liability to your new business if you don’t have a complete change of mind and work ethic. 

Until next time

Gary

For trusted and respected business planning in Australia call 0408 756 531

The post In business … or buying yourself a job? first appeared on Gary Weigh.