We’re over halfway through the year already, which is a perfect time for some stock-taking. July has seen some great must-read business articles. We shared them on FP Advance social media, but here they are if you missed them.
Take a little time out to give your brain and your business a boost.
If you are an existing business owner handing over to your successor/s (or you’re contemplating doing so), then this article is a MUST read. I’m thinking it’s the best piece I’ve ever read on succession because it nails the real issue. (And it’s not what you’re thinking). Check it out here.
If you can see more accurately 9 months ahead, it’s much easier to foresee future cashflow problems before they actually become problems. That’s how you ‘manage’ your business. You don’t react to stuff, you look ahead and plan strategically before something becomes a major issue. So you need to be tracking a different pipeline metric.Here’s how to do it right and gain better visibility on your future income.
I have to be honest, I’ve wasted years of my life trying to “get there” fast. If there’s one piece of business wisdom I could pass on, it would be to quit trying to do things quickly. “Do it right and do it once” is the mantra, even if it takes weeks or months to fix each issue. What are you going to quit?
It’s great to get something before anyone else, isn’t it? If you enjoy the smugness that comes from knowing stuff that others don’t, then sign up to receive my weekly blog, delivered straight to your inbox. It’s full of the sort of stuff that comes from years of working with most of the top financial firms in the UK..You’re going to love it. Trust me. Sign up here and, if it’s not for you, no worries.