The Business Clinic Organisation - For Healthier Profits
Independent and thought-provoking, The Business Clinic delivers the strategy, skills and support you need to develop and grow your business
You Have a Successful Business… Now what?
By Franchise Advisor - Helen Livesey
How exciting, you have spent the last few years working hard and now you have a successful and proven business model!
So, you may be asking yourself, what’s next?
If you don't want to just keep doing what you’re doing and see if the business grows organically but you do want to earn more and keep developing your company, there is another option - you could franchise.
But before you go down this route, there are a few things you should stop and consider…
Throughout June, we have been sharing content and focusing our 'Peerworking' surgeries on the theme of accountability and reminding everyone just how important it is to your success to be held accountable for the goals you set as an SME.
A lot of the time, accountability can seem like another way of saying "punishment" which can lead people to shy away from holding themselves responsible for the things they want to achieve. When, in reality the only punishment to you is not achieving the goals you set and forever being in "chasing" mode, like a donkey with a carrot on a stick.
#SelfCareMatters - How can 'Peerworking' help? By Rebecca Allam
May is the month we all shine a spotlight on #MentalHealthAwareness, and the importance of taking care of our own mental health, this journey starts with a good self-care plan/routine. Do you have one?
If not then you might want to consider making that change and we have got the tools to help you do it!
'Peerworking' can be used by many different business owners for a variety of reasons. We know from experience that it can help you on your journey to better mental health and is a great way to start putting yourself first.
Here are the top 3 reasons to use 'Peerworking' to start your self-care plan right now...
A lot has happened in 2020, even if you put the fear, panic, and health implications of a global pandemic to one side for a second. The effects of the last year have sparked change in every single person’s way of living, it’s disrupted the normal in all of our lives and for some of us it has unearthed questions, questions about what we did before, what we do now, and what could we do next. These questions, for some, aren’t something that can be swallowed back down and pick up where our old lives left us, leaving some of us asking…
What do I want?
What are my options?
How can I achieve the life that I want?
We understand there are people out there who will be asking these questions but aren’t sure who to turn to for answers. We don’t want you to bypass this feeling and keep plodding along, whilst possibly unhappy. We want to help you find the right person to ask for help.
Post-2020 many people wanted to see a change in their jobs, their careers, their lives. People who stuck out a job because they couldn’t see any change on the horizon and didn’t want to take the risk for fear of not being able to find something better. With the changes we have witnessed over the last 12+ months, that fear is melting away, people have been shown how much better their lives could be if they had more time for family, more flexibility, less micromanagement, and more time to spend on their hobbies and building their lives! Now they are searching for ways to continue this lifestyle change rather than go back to their old jobs that won’t accommodate them any longer. People are starting to become braver, starting to stand up for the things they love, and are striving to find ways to incorporate them into their working lives.
More and more people are getting side hustles and looking for business opportunities that not only fulfill them but challenge them. People want more from a job now than just a wage and security. They want passion, respect, flexibility, and support. A whole new way of living. And there are options out there to suit each individual.
You can set up a business yourself…
This is an option people may think of at first but can sometimes be discouraged because they feel like it’s a big risk because of the stats you see about the number of businesses that have failed each year. But plenty of people do start and succeed at running their own business, especially if you get the idea, support, and execution right, it could completely change your life. There are a lot of things to consider and our best advice would be – get some advice from day 1. This could be from a coach, an accountant, or a business advice hub - we would be happy to have a no-obligation chat to help point you in the right direction.
You can look for a side hustle…
A side hustle is one way to get you out of spending as much time in your current role but not leaving it completely. It gives you more financial flexibility but initially will take up more of your time but if you pick the right opportunity you could end up transferring across to it full time slowly and leaving your previous position to start something.
You can find a Franchise opportunity to fit what interests you…
People don’t know enough about franchising and the possibilities it can bring. The first thing that pops into people’s minds is usually those such as Subway and McDonalds and it makes them seem too far out of reach or more than what we want to get ourselves in for. In reality, there is a franchise for near enough every business you can think of, from dog walking to property (letting, repair and leasing) to sports coaching and coding. If you have an interest or passion there will be an opportunity that suits you. Whilst you do have to put up some initial investment it is much easier to get financial support for a franchise due to how proven the business model is. Again the key to starting your research into this journey, much like owning your own business, we would advise you to get some outside support so you can guarantee this is the right option for you. Some people specialise in franchise support ( us being one of them) and would be ideal to engage with initially while you find out more to see if it is the right option for you.
We all know after this year how the unexpected can happen!
By Kirsten Marshall - Director at Admin Angels
Powers of Attorney, what are they and what do they mean? In essence, they protect you. You pray that you will never need them, but if the unexpected should happen, then it is good to be protected.
Ultimately, powers of attorney have been likened to house insurance; it pains me to have to pay for it and I pray that I will never need it but if the unexpected should happen, then it is good to be able to open the draw, take out the document and be able to rely on it. The upside to powers of attorney is that once done, there is no ongoing cost, they will remain valid until they are either cancelled by you or naturally come to an end on your death.
Why is it important to have them?
A property and financial affairs LPA can be used at any time. It can protect you in the event that you are unable to make decisions for yourself due to a lack of capacity but can also be used if you are temporarily unavailable such as out of the country or suffering from an accident.
A Health and Welfare LPA can only be used when you lack capacity. This saves your family a whole lot of heartache, headaches and time ensuring you get what you need when you need it, and in your best interests.
Should I consider my business in an LPA? Yes, absolutely you should and can. A business LPA can ensure that the best and most knowledgeable person is able to carry on your business dealings in the event that you are temporarily out of action so as to ensure that your business is still a success when you are ready to return to work.
Hopefully, this has given you food for thought. I am more than happy to chat in more detail if I can help guide you.
#EffectiveCommunication - How to be less confusing
By Rebecca Allam
In April, the theme we chose to focus on was how we can all be better and more effective with our methods of communication. This could be in reference to our overall business message, how we communicate with staff and trusted partners, how we educate our network about our business, how it works, and what the benefits are. This can also refer to the methods we choose to deliver this communication, regular follow-up calls, emails, newsletters and to consider if we are using a method that makes sense to the receiver.
Following our nomination to win the Gold, goes straight to the top of our best achievements in 2021 so far.
So, what helped us win this accolade this year of all years ...
With our support during the pandemic, one of our franchise brands was able to onboard 14 new franchisees, despite the on-going effects of the pandemic and we helped another launch their franchise in August 2020 in the middle of the pandemic and then assisted them in recruiting 6+ new franchisees so far. These 20 new franchisees have the potential to provide employment for over 100 people. These were just the results for two of our clients.
We work with franchise clients across all sectors and areas, from advice and consultancy to franchisee recruiting and even testing the feasibility of a brand to become a franchise. We work with brands across the UK who embrace us as part of their team and we enjoy supporting those brands as each of them demonstrate the passion, drive and motivation to make a difference with the businesses they have built and continue to build upon.
We were so proud to be able to deliver these results, especially in such uncertain times, but more than that we have been proud to be part of the many meetings, reviews, changes and developments that have been put in place to achieve those successes.
This last year has been tough on everyone and as a business, that works with other businesses, we have not only seen the impact on ourselves but the companies around us, with who we work so closely, and with whom we are considered as part of the team. But hard work pays off, as has been shown by the recognition of the award for ‘Best Franchising Supplier’.
As a company, we don’t spend much time focusing on the negatives and are always planning to do what we can with the time, resources, experience and skill set we have, in any eventuality. So, after the shock of the pandemic, we got back into the swing of things and carried on doing what we do best – working hard for our clients to help them reach the goals we had set out to achieve.
But coming back to the award, we were up against other businesses in our category such as Barclays and Franchise UK, so we were just happy to list as a finalist but when the January deadline came around and this video was released to us, we couldn’t quite believe it! We are so very grateful to receive it and dedicate it to all our wonderful clients whom we couldn’t have done it without.
If you want to grow your business and you would like to find out if franchising is the right route for your brand
If you have a franchise and would like support in recruiting franchisees
Or by calling 01772 367 367
From lockdown to back to business, will we be going from pause to play or Restart and Fast forward?
As we take the finger off the pause button and follow the road map back to some form of normality, are we as businesses facing the challenge with the correct mindset?
#ManagementAndMotivation - How to Achieve the Perfect Team By Rebecca Allam
In March we have been talking all about managing your team and how to motivate them to be the best they can be. Even if you have a small team, even if that "team" is just yourself and some outsourced companies. The one solid in all our discussions, and what we think is the route to good management and motivation is COMMUNICATION!
Throughout February we have been highlighting the many reasons business development is crucial to business survival. We have had some great discussions at 'Peerworking' on the subject such as:
How do I get my pricing right?
Should I increase my rates?
Am I getting the correct message across??
All of the above are examples of questions that people find themselves visiting more than once over the life of their business. This is because a business is constantly changing, as is the environment we live in so these are things we must constantly be addressing, and if we stop this is when it can become detrimental.
By Helen Livesey – Director at The Business Clinic
For many, the last year has provided a bumpy road and going into 2021 it doesn’t look like the journey will be coming to an end any time soon. But is there a way that collectively, we can smooth the path and support each other to make the ride a little easier to handle? I’d like to explore that with you today.
Have you taken stock of the future and your business or are you still living in the here and now?