Has your business got what it takes?

Would you like to take your business to the next level, but are unsure how best to do this?

If you want some fresh ideas and tested frameworks that can help you improve your company for the future and explore exciting new opportunities, I have created this newsletter for you.

This isn’t about quick fixes. I want to guide you towards sustainable success, but to do this you have to get better before you can get bigger.

The Challenge

To properly pursue your ambitions, it’s vital that your organisation is financially resilient.

Feeling confident that you can navigate potential challenges and capitalise on opportunities relies on having reserves to call upon when needed. The future is unpredictable, so giving yourself the best possible chance, whatever arises, is the best strategy.

Managing your finances appropriately means you must focus on two things:

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Current investment – What your business needs to push on or solve any issues.

Possible budget – Across all the outcomes that could take place, do you have the available money to cope, or better still thrive?

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No one can predict the future, but the trick to making yourself seem like a soothsayer is to cover all bases.?

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The Solution

Think of all the likely (and even some of the unlikely) outcomes of your current situation/project. In a best-case scenario, how much money will you need, and in contradiction if all goes wrong, what will the required spend be? In most cases, it’s best to reserve an amount somewhere between these figures, probably closer to the negative scenario than the positive, dependent on how assured you feel.

Keep your records up-to-date, so you can analyse the potential outcomes; this will ensure you are seeing a realistic picture, not just what you want to see.

If you are planning a new project, talk to the people involved to see how they might approach it. Beyond this, speak to an external professional who has no association with your business, such as an accountant, consultant, or coach. They may be able to identify avenues of opportunity and potential threats you had never considered.

This proactive approach will reduce the stress and inconvenience of bumps in the road, where a more reactive strategy will take its toll on both you and your organisation.

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My Suggestions

1. Are you setting aside regular time to plan possible future scenarios?
2. Do your business records record and explain what’s currently happening?
3. How often are you talking to people both within and outside your organisation to gain some different perspectives?

Hello, I’m Nick Cramp. I’ve been working as business owner and coach now for around three decades.?

During this time, it often occurred to me that many leaders feel unfulfilled by their work, which seemed a pity given the amount of time and effort they have invested. I want to change this, so have created and collected a selection of the best strategies for business improvement.

My main mantra is that an organisation must get better before bigger. The reason for this is that without the best people, processes and systems, you have no springboard to reach that next level and sustain this success.

In 2021, I published my book Better before Bigger – Rethinking Business Success , which alongside my coaching and courses, outlines a holistic approach to running a thriving company.

I want to guide ambitious leaders towards the best practices and results, so their reality can align with their ambitions.

Take the Business Limitations Review to ensure you're heading in the right direction...

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#betterbeforebigger #business #transformation #leadership #mindset

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