Posts tagged ‘Peers’

2302808818 198402d050 m 12 Business Resolutions for 2012Welcome to 2012!  I hope you have all had a well earned rest and have recharged your batteries in anticipation of a successful year ahead.

Everyone knows that “to fail to plan, is to plan to fail” and you should have by now reflected on your performance of last year and be making formal written plans for what you need to achieve this year to take a significant step towards, if not achieve your personal and business goals.

Whilst reviewing some social media posts at the tail end of last year, I came across the following message from John Hall of Enstrata and felt compelled to share it with you.

Do you share these Twelve Business Resolutions?

Here is a list generated at a ‘coffee’ conversation on business resolutions for 2012.

Could these be useful to forming your own resolutions?

The list below is not a complete list, and, as you may note, a couple will not be widely shared.

I have recorded them here in a general form. All you need to do is choose any appropriate ones and make them specific to your circumstances. Then add any others of your own.

The resolutions were of the form  ‘By the end of 2012 I will have…’

1)     Improved financial management and control.

2)     Gained more customers and…

3)     Improved how we gain new customers (social media etc).

4)     Talked to more customers about what they think of my / our business.

5)     Improved Business resilience to shocks (e.g. illness, core knowledge disappearing).

6)     Attacked wasted time as well as wasted money.

7)     Understood Corporate Social Responsibility and be able to explain what my business is doing about it.

8)     Personally shared more problems with trusted peers who can help.

9)     Improved utilisation of technology.

10)   Invested more time in acknowledging employee’s contribution.

11)   Learned some management methods to make life easier

12)   Gained a better work life balance.

Action required

At the coffee morning, we all recognised that this is a bit of a wish list. The feeling was that unless you identified problem areas, and acknowledged you needed to do something, you would not actively set about changing the status quo.

Then someone said that the same things appear on their wish list year after year……

The conversation moved on to why many business resolutions and personal resolutions fail.

Edited JH oct09 jpg smaller 12 Business Resolutions for 2012

Logo Management Solutions1 12 Business Resolutions for 2012Telephone contact 0845 226 7673 or 01223 846351

Email johnhall@enstrata.co.uk   Website – www.enstrata.co.uk

 

 

The information provided in this blog illustrates my opinions and experiences, it does not constitute advice and I do not accept responsibility for any actions taken or refrained from as a result of reading this post.

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I am regularly contacted by people who are new to business, or at least considering starting their own business.

Excited

Naturally, they are all really excited about the prospect of working for themselves, being their own boss, making the decisions and being able to directly enjoy the results of their efforts.

Apprehensive

However, I find that when I start to talk them through the statutory accounting and taxation requirements, it becomes obvious that they are worried and some even start to question if they are doing the right thing.  Despite assuring them that my team will handle 

  • Companies House administration anc correspondence,
  • Preparation and submission of statutory accounts,
  • Corporation Tax computations and returns,
  • PAYE administration and National Insurance,
  • VAT reporting,
  • Returns of benefits and expenses and other HMRC returns,
  • Construction industry scheme online monthly filing
  • Potential HMRC visits

and provide ongoing bookkeeping support, it is understandable that the overwhelming sense of responsibility causes concern for those who have been in the relative ’safety’ of employment or education.

Discouraged?

I think it is a shame that budding entrepreneurs can be stopped in their tracks by all the bureaucracy that surrounds a business, and I would urge any aspiring business owners not to be discouraged, it sounds a lot worse than it really is.

Get support

If you are thinking about starting up your own business, you should really go and talk to an accountant who can explain what is required, help you understand your duties and responsibilities and then take away as much of the fear and worry from you so that you can get on with the exciting bit!

It is also a good idea to join a networking group.  They not only provide you with valuable contacts, they are full of potential friends and peers who can guide and support you with first hand experience.

Find someone you can trust

For some people starting up their own business isn’t a big deal, but remember that the best entrepreneurs are surrounded by the best people for each and every part of their business, so do your new business a favour and find someone who can be the best for you.

Outsource

Delegate the ‘red tape’ of administering your business, and non-essential or non-profit making tasks to a team of carefully selected professionals so that you can make the most of your time and  simply…

…..enjoy running your own business!


The information provided in this blog illustrates my opinions and experiences, it does not constitute advice and I do not accept responsibility for any actions taken or refrained from as a result of reading this post.