As a business owner, sometimes you can feel overwhelmed as you deal with competing priorities, including the day-to-day running of the business, external issues you can’t control, and particular business ‘pain points’ that arise.
That’s the life of a business owner!
In this ebook we’ve highlighted six major ‘pain points’ that we’ve seen crop up at different times across many businesses, depending on where they are in their business journey:
- Always working ‘in’ the business, instead of ‘on’ the business
- Building a team
- Managing growth
- Being tied to the business
- Work–life balance
- Cash flow.
A topical example is the challenge of building and retaining a strong team. In the current economic cycle, in Australia and globally, the labour market is very tight. Strong people capability is a rare resource that is creating all sorts of constraints and pains for businesses.
Inevitably this pain point, along with the other five, go to the heart of business performance and, if not dealt with in a sustainable way, will affect a business’s value and the extent to which it might be transferable, should a business owner wish to exit or go through a succession process.
At the end of each chapter we’ve offered a few actions and remedies, plus links to other resources that we hope will assist business owners to alleviate some of the pain.
If you need support dealing with pain points in your business, we’re keen to help you. Feel free to get in touch by calling 02 6360 0360 or 02 9893 1803 for a confidential, obligation-free discussion.
