Archive for the ‘Monthly Thoughts’ Category

Did you enjoy your holiday?

Wednesday, September 1st, 2010

Holidays can be great fun but when you leave your garden alone for a couple of weeks things can get out of control. Most of the chaos can be recovered quite quickly (mow the lawn, pick the vegetables and so on) although some years ago I returned to find a fallen tree.
Most business owners aspire to being able to have days off or even retire knowing that their business is not dependent on them. Having the right person in place to maintain a watchful eye is crucial and having well documented plans and processes can help everyone.

When you are away a ‘caretaker’ can be a good idea. Whether it’s a neighbour, a deputy or some other third party don’t let things get out of control when you aren’t around.

Why do it?

Wednesday, June 30th, 2010

Most of us have a garden that we take some degree of care of although our motivations might vary; we don’t want to be embarrassed in front of the neighbours, the vegetables need cultivating, the children need somewhere safe to play or, in my case, I want a haven where I can enjoy a good book and a glass of wine or a barbeque with friends.

Businesses need to take good care of their finances too. In this case, once the accuracy has been assured, the motivations will be broadly similar; to improve profitability, ensure controlled cashflow, support decision making and have some degree of control over the future.

Knowing what needs doing and why is usually quite easy to determine. The challenge is knowing who and when. I was hugely grateful to the person that was the solution to much of my gardening challenge and I love being part of the solution for the businesses I work with.

Coping with havoc

Tuesday, November 10th, 2009

Plants can suffer from a variety of diseases some of which can be treated (organically or otherwise) and some can’t. They can wreak havoc if, for example, they destroy an entire crop that a community is dependent on and they are rarely predictable.

The great thing about swine flu (and indeed many other potential havoc wreakers) is that they can be envisaged and contingency plans developed. The impact of losing staff, for whatever reason, can be mitigated if processes are documented. Having processes can also increase efficiency – and save costs.

Don’t let disease wreak havoc – consider challenges you could face, have plans in place to deal with them and then you can get on with business as usual

Plan for uncertain times

Tuesday, September 22nd, 2009

The trees are turning a gorgeous array of colours as autumn starts to take hold and we can be fairly sure that this will be followed by winter. Less certain is whether it will be accompanied by green shoots of recovery in the economy.

Many businesses get concerned about producing financial plans when in such an uncertain environment. But it is possible to have more than one set of plans (or flex a single set) so that at least the best and worst case scenarios can be assessed and actions taken.

Winter may or may not bring lots of snow but it can do no harm to have a winter coat at the ready just in case. The other extreme is unlikely to be hot sunny days so sandals are unlikely to be a priority.

What are the priorities in your business?

Back to basics

Tuesday, August 11th, 2009

Occasionally I am asked why I use gardening analogies when describing the work that I do. Recently I came up with the acronym below which clearly outlines a process that can relate to both gardens and businesses and therefore, hopefully explains all.

Plan
Look after
Assess progress
New actions
Take benefits

Growing a healthy business is a little like tending a garden – most of us learn by trial and experience. But expert help on a flexible basis can make a world of difference.

Thought for April – cash or profit

Monday, May 11th, 2009

Profitability is key for long term survival but, if any cashflow issues or opportunities aren’t identified and dealt with, a business may never get past the short term. Not all items that impact cashflow can be totally controlled but many can and should be.

You can’t depend on the weather to provide rain when required to get a good crop of vegetables – sometimes you have take control and water them yourself.

Don’t assume cash will take care of itself either – plan to take control, and even implement improvements that will provide long term benefits.

Responding to the changing environment

Monday, February 23rd, 2009

Here is the text of the Thought for the Month that I have circulated in February including the usual tenuous gardening link. I like to think that linking the world of business to the my very mundane view of gardening helps make it all seem less scary and more like something that we should all be thinking about and even understanding.

The new economic environment means businesses may need to change the way they operate. Products previously considered as peripheral may now be key and indeed new products might need to be added to the mix. Pricing should then be reviewed to ensure that profitability is going to be maintained, and different marketing campaigns may need to be evaluated.

During the snow planting seeds was not an option but plenty of children (and adults rediscovering their childhood) built snowmen. This option has now disappeared and the snowdrops are starting to appear – nature taking it’s opportunities too.

The person that identifies the options in the new climate may not be the same as the person who is best placed to evaluate the results this might deliver.

Send me a mail and let me know if you think this is a useful thought and/or useful way of presenting it.

Thought for the month – December

Thursday, January 8th, 2009

A business needs plans if it is to have a clear direction of where it is heading. Putting together both the detailed financial plans and the overall business plans is the perfect opportunity to think through the realities of delivering the dream. How will you deliver twice as much product? Who will process the extra orders? Do you need more associates? And, of course, what is the impact on profit.

I tried growing vegetables in my garden for the first time this year – some worked and some didn’t. This experience has lead me to decide to grow more courgettes and carrots, and less beans – which is all very well as long as I remember to plant them at the right time of the year – planning again!

Defining your objective helps you recognise success when you achieve it, but planning the steps to that achievement is essential if it isn’t to remain a pipedream.