Overcoming challenges means overcoming risks.
We are in challenging times for all businesses, and now it’s become increasingly clear that COVID 19 pandemic is not going anywhere anytime soon. We all have to learn how to overcome challenges and let the show go on despite this unprecedented crisis.
Overcoming challenges where the outcome is unclear, you are taking risks. You take a risk when you walk across the street. You take a more significant risk when you invest money and venture into the unknown.
The COVID-19 Pandemic pandemic is smashing businesses like never before. It’s time to join forces, educate one another, and find solutions to overcome challenges and find business opportunities and better long-term prosperity.
Small and home-based businesses are particularly vulnerable because of the lack of contact with others who keep them motivated and provide them with a degree of help to overcome challenges.
They often lack the skills and resources to help them navigate uncertainty and focus their limited time and resources. Mostly their business plans are in their head and subject to changes which are not necessarily in the longer-term interests of the business.
Create a Business Plan that works.
Here is a ten-point checklist to help you create a Business Plan which works and helps to overcome challenges as they arise.
- Set time aside each month to work on your business.
- Use planning tools, many cost little or nothing.
- Understand the problems and frustrations of customers you want to attract.
- Have an experienced person do a reality check on your Business Model.
- Focus on what works for you what doesn’t, and stop what you don’t like doing.
- Get others involved, don’t lean on your own understanding.
- Bring together old documents to see where you went wrong in the past.
- Establish new Key Performance Indicators, (KPIs), metrics and dashboards.
- Focus on what is essential and outsource the rest.
- Create a One-Page Business Plan and review monthly.
Overcome challenges with remote access.
Remote access is the ability to access people, systems, tools and processes from anywhere to help you. Remote access enables you to connect to people who can help when they are elsewhere. It is crucial for people who now work from home.
To help you understand the best and most relevant recovery actions during and after the current crisis, work on the first phase of recovery, planning for the new normal. A remote access strategy also gives you access to people who can help you you’re your planning regardless of location and promote collaboration.
From shifts in business mindsets and customer messaging and expectations of tangible technology for remote working, business owners can become more competitive and prosperous. So where to start? Contact us for a copy of our tool, “Planning helps remove the struggles”. https://faqsupport.com.au/contact-us/
Key Message: The issue is how skilful you are and how confident you are in taking the right decisions for the right reasons in pursuit of the right vision and objectives for you and your family.