BUSINESS ADVISORY
Cutting through the noise to get to the key issues
It is natural to feel a little overwhelmed in the current challenging environment but how do you cut through the noise and make the right decisions for your business.
Review your business plan using these ten questions: 1. Who are your customers? 2. What are the problems which you are trying to solve for them? 3. What is your product/service solution to their problem? 4. What is your process to make and deliver your solution? 5. Which people and skills do you need to deliver that process? 6. How do you promote your product/ service to your customer? 7. What level of financial performance will you need to achieve? 8. What is your overriding purpose? 9. What are your personal goals and how will your business contribute to them? 10. Is this included in a written plan and have you shared it? Research suggests that if you have written it down in a plan, then share it with someone you trust and you regularly update them with progress, you are much more likely to deliver on that plan.
Take time out from the noise so that you canmake decisionswith a clear headand can confidently relate these to the plan. We are here if you need help with this. Once you have reviewed your business plan using the ten questions, and considered all the areas covered in the COVID-19 Business Review, you are ready to decide the actions and when to take them. Contact Will Abbott for more information by emailing will.abbott@randall-payne.co.uk or call 01242 776000. Take time out from the noise so that you can make decisions with a clear head and can confidently relate these to the plan. We are here if you need help with this
Particularly crucial in these unprecedented times, in which the impact of the Coronavirus will be felt by the entire business community, is cutting through all the noise. By doing this we can establish the key issues this change has for our business, we will be able to consider the best way to move forward; safeguarding our business, our staff, our customers and ourselves. Most importantly making decisions which, in this case, can be reversible. With so much happening so quickly, remember: � Acting sooner is better � Don’t over think things � Uncover the key issues � Cut through the noise � Make the decision To help with this I have devised a Business Plan Review (see page 9) to help you focus on where and how you need to make these decisions. It is important to continually review and fine-tune your business plan to make it robust.
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– Spring/Summer 2020
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