Achieve What you Want with Your Business

Think of wakening to the sun beaming through the windows, and you looking out to the sea.

Clearly you are not in Glasgow and if you read on you will realise it is not only in dreams that this can happen.

My approach with Business Owners is to do things that allow them to pay themselves more and to make the business more valuable, as well as allow more time outwith the day-to-day running of the company.

That starts by Knowing Your Numbers.

What You Need for your Business to Succeed

As most of my clients know, I talk regularly about creating a business and infrastructure that allows them to “run the business from the beach”, or wherever else they choose.

What does that mean? How is that possible?

Ensure you have great people, effective systems and procedures, and focus on the right things.

Most companies use online banking and online accounting software. Many have a job management system or operational system that allows tracking of jobs, products or services provided and these can be set up on a red, amber, and green basis.

Build a Business That Can Run Without You

The Business Owner can wake in the morning regardless of location, log onto the accounting software and see from the dashboard the bank position, who the business owes money to, who owes the business money and check the status of the operational system.

Green means everything is on track so no need to do anything; amber may need to be reviewed; red may merit an email or telephone call. All easily done in a short time and on a remote basis. Then back to the beach or location of choice.

That sounds fantastic, but like many things the practicality of it is a bit more challenging than the theory.

It can only be done if various things are in place, which include:

  • Financial infrastructure with reports and real time information – Know Your Numbers is the starting point

  • An effective operational/job management system

  • A management team capable of running all day-to-day operational matters

  • An effective cash management system

Adopt the Right Mindset and Trust Your Management Team

It also relies on trust and delegated authority from the owner. This is often the biggest factor – the owner must be able to “let go” of the day-to-day matters and trust the team that is in place.

If this does not work, then one of two things needs to change: the team or the Business Owner’s mindset.

If the owner is unable to take a holiday without involvement in day-to-day matters, in my view there is not an effective management team or system in place.

Make the Necessary Changes Today

I have worked with clients over many years to develop and implement strategies that ensure that we are improving Profitability, enhancing Cash Flow, and increasing Shareholder Value.

It takes some time and dedication, but it is not difficult.

Start by Knowing Your Numbers. Take action and put these things in place – and enjoy your time on the beach.

Do You Know Your Numbers?