Whatever our reason is/was for starting out under own steam how many of us have thought about what is involved and more importantly how much money will I need to be able to maintain my living costs whilst being able to grow my business. I call this our financial runway.
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What had gone wrong? I believe the business had lost sight of the basics. There was a lack of effective leadership, little strategic direction and a dearth of reporting capabilities. Not only had business plateaued, the company had lost direction and stalled. It was missing clarity and a strategic plan.
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I have been consolidating my thinking this year – being forced to stay home tends to sharpen your focus on the important things, I’ve discovered – and have calibrated my internal compass. This has given me a clear direction for the next decade in terms of what I want to deliver to the world.
I guess you could call this my ‘how’ stage of thinking. I’ve always been very good at the ‘what’ – that is, working out what I want to achieve – but it was time I pushed myself into the ‘how’ – that is, how I will go about achieving those goals.
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Do you ever get the feeling the word value is used so liberally these days that it has lost its value? We’re constantly being told what ‘value for money’ we’re getting when we make purchases; that a service provided is ‘good value’; or that we need to ‘value add’ in our own workplaces.
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