BOOST Business Coaching
Your Business – More Profit, Less Hands On
I was lucky enough to be visiting the Biz expo in Wellington last Friday between appointments and happened upon Philip Borkin from the National Bank. Philip was talking about the Global recession, the impact on the economy and what we can do about it.
The National Bank economist gave a surprisingly clear account of the causes [...]
The problem with most small businesses is that they cannot afford to hire salaried workers who are business development experts. Small businesses realise that to get some expertise on board means that they could then grow their businesses effectively which means that they could then afford the expertise to grow their businesses… yes it’s a classic catch 22 situation…
You are not making enough money or enough profit.
There is confusion and poor communication in your business
No proper chain of command in your business
Staff don’t take any notice of you, too many staff, not sure what some of the staff do
Things not getting done right, not getting done at all
You have no written position descriptions [...]
According to the Statistics Department as at 2008 there were 480 thousand businesses in NZ……97% of these are Small businesses – that means roughly 460k business run by passionate people who have the audacity to RISK capital, borrow against their houses, HIRE Staff and contribute to the economy because they think that they can ‘give it a bash’.
The interesting thing about this………………………………….
