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2 Nov

October’s Food4Thought – Vision & Purpose

This month our Food4Thought dinners were themed around purpose and vision. Purpose is the reason you got into business, vision is the representation of where you want to take the business and why. If you don’t know why you do what you do, then you’ll be building the wrong business. We looked at painting a picture of what success looks like in the future, your personal and business goals. We discussed a number of areas around the main topic including How do you define your purpose and vision and make sure that work/ life balance is included? Should you have separate work and personal visions, or are they the same thing? Once you have defined your purpose and vision, how do you stay on track? How do you build a team that will help you deliver that vision? Does every business need an exit plan? And what should that look like? How do you value a business for sale? And what do you tell your team (and when) if that’s...

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3 Oct

September’s Food4Thought – Systems & Processes

With the right processes in place you can build a business that delivers the work/life balance you set out to achieve….. September’s Food4Thought dinners were themed around systems and processes. If you want to build a business that is saleable and scalable, or one that runs without you so you’re free to take the time out you crave, robust systems and processes should be the first step. Around the table we discussed: What are the processes that can help to make your life easier as well as run your business? Tips and advice on how you can prioritise your time. The best ways to engage your staff in new processes. The importance of having the right team with shared values.   What business owners sometimes forget is that systems and processes run a business, but it’s people who run the systems and processes, so it’s important to have the right talent in your business. You can take a read here of the discussions we had around talent in our June...

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