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Are you drowning or swimming?

Are you drowning or swimming?

Are you drowning or swimming?

 

It’s a difficult for me at times. My business has been built on calling business people up and listening to them and being ready to help when necessary. I call and now preface my request as follows

 

 “How’s business?  I ask nervously!”

 

That’s because at the moment you just do not know what you are going to find out when you ask.

 

The responses have been quite varied with a few (and I mean a few) rushed off their feet with business. So much so, that they cannot cope with the volume of work.   Another set are doing OK (ish). Then some more who are gripping on tightly and really are in quite a bit of pain. Cutting back and back, leaving themselves with hardly any room for manoeuvre. And lastly I have spoken to 5 businesses that have either gone bust or been pre-pack administrated to another company. It’s quite interesting to analyse, that of these sets of people who are the happiest. Funnily enough my conclusion is that those who have “failed” seemed happier. Why? Well at least they know where they are (or aren’t!).

 

But as you gathered the majority are probably like you – just surviving. And that reminded me of an image I experienced from a course I was on a few years ago as part of my Counselling Studies. It was entitled “The Drowning Person” and it described personal attributes that kept one afloat and those that weighed/dragged you down to below the surface. I have redrafted it for the Business frame and would see some common topics from my articles over the past three years would tend to fall into place. I can suggest you go to my website (see the link in the bio) and you will find the image on the front page.

 

To assist you in assessing your state I would suggest using the concept of a balanced scorecard. Here you list out all the attributes that affect your business both positively and negatively and then score them out of 10 (or more if they are important and less if they not) even to negative scores if they are really dragging you down. I set out a framework for you to use and customise below. I hope it helps

 

Balloons

Positive Score +

Objectives and vision

 

Understand market

 

Clear plans

 

Good leadership

 

Team together

 

Partnerships

 

Sales & Profits up

 

Strong cash flow

 

Supportive Family

 

 

 

 

 

Total +

 

 

 

Weights

 Negative Score -

Lack of focus

 

Not listening to market

 

Overdraft/Borrowings

 

Poor Communications

 

Slow order book??

 

Overleveraged personally

 

Unsupportive bank

and/or suppliers

 

Disputes in team?

 

Personal priorities?

 

 

 

 

 

Total -

 

 

Grand Total +/- ?

 

 





Are you drowning or swimming - To learn more about this author, visit Nicholas Fraser's Website.

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About The Author


Nicholas Fraser
(Visit Nicholas's Website) Nicholas Fraser is seasoned Sales and Marketing professional who has worked with Multi Nationals including IBM as well as Medium and Small businesses. He has been an MD of a number of businesses and has been practising as a professionally supervised Business Mentor for the past 5 years.

He is currently splitting his time with running a new software startup Newera Controls - an exciting Energy Management and Control application and is in the process of raising Venture Capital to launch it worldwide.


Nicholas Fraser is a Platinum author on EvanCarmichael.com
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