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Three simple steps to a better business

Three simple steps to a better business

Each month I take a day out of the office to consider the strategic development of the firm. By doing so, we’ve become an AVN member, incorporated the business, formed a limited liability partnership and increased our marketing activities.


For inspiration, I often dip into Steve Pipe’s book entitled ‘The UK’s best accountancy practices’ which provides great insights into the profession. After picking up the book today I realised that many of the ideas and values expressed in the book are applicable to most businesses and not just accountancy firms. Steve identifies fifteen ways which set the best firms apart from their competitors and I would like to share just three in this blog which I feel apply to all businesses.


Better intent


Businesses that don’t moan or make excuses about the economic climate but take control of their future generally succeed. They plan their future and set out to achieve it in a determined fashion even if the going gets tough.


Better decision making


Decisions are based on accurate information in pursuit of their pre-determined goals. They do not make knee jerk decision based on whims.


Better action


Create action plans and regularly review them. It isn’t enough to make action plans, it’s important to follow through with what you’ve planned. Excuses or lip service are not to be found in the best run organisations. On the point of taking action you may like to read ‘Go M.A.D.’ by Andy Gilbert as I have found this book inspiring when it comes to ensuring ‘action’ takes place.


I have referred to two books in this blog which I believe have helped me and our firm and I believe would be useful reference books to any business owner. If you would like a copy of either please email Jayne at jayne@jamesstanley.co.uk.

 


 

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The information provided in all of our blogs reflects only a narrative of some elements to consider on the topic. The blogs do not contain considered legal or accounting advice and should not be relied upon as advice. Please see our website's terms and conditions for full details of our disclaimer. If you are interested in obtaining advice, please contact us and one of our accountants will be happy and able to advise you on your own particular circumstances.

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