All tagged Business review

The new business metrics you need to pay attention to

With recent announcements feeling a bit more positive and the first signs of spring emerging, I’m allowing some cautious optimism to creep in! But there’s still a great deal of uncertainty, and a lot of change still to come right?

If you’re feeling tired, or finding it difficult to get clarity at the end of this very tumultuous time, you’re not alone. Change makes us feel out of control, which in turn makes it very hard to think.

Not just that but significant turmoil or change can make it hard to make sense of your business based on the usual metrics or KPIs. Often the numbers simply don’t make sense when the contextual change is so enormous.

Want a more successful business? Take the time to pause and reflect.

As business owners, we're so used to working in the business, managing the next big thing, fixing issues, thinking of ways to drive sales, managing the admin and so on that often it feels incredibly indulgent to just sit and think for a while. Sit in front of a coach though, especially one you've paid to spend time with, and you've really very little choice.

If 'sitting and thinking' feels as though it lacks focus for you, my simple structure for doing your own review of things should work a treat. I've been using it recently to help small business owners review their year in business and the feedback has been incredible. It's disarmingly simple but incredibly effective.

Running a business... it's an emotional rollercoaster!

"The bit no-one talks about is the emotional side of running your own business" - Steph Douglas, Don't Buy Her Flowers. A quote from a talk I attended at Stylist Live last Friday - three successful female business owners, on stage talking about how to start a business in an industry that ostensibly you know nothing about. 

All three, very impressive women, all three, disarmingly, well, female. Maybe it was the audience (at least 99% women), maybe it was the event (a fashion and lifestyle event), it was probably the brief (make your story accessible) but they were unashamedly and wonderfully open about what it means to be a woman in business.