29 Nov

November’s Food4Thought – Business Growth Indicators

Our last Food4Thought dinner of this year took place at the end of November, marking the end of another successful year of Food4Thought dinners. Not only have we supported businesses throughout the year with more than 70 hours of peer mentoring but we’ve also enjoyed some amazing food and wine too!   Across the year we’ve had discussions around a range of different business topics from business planning, purpose and vision, through to sales, marketing, finance, talent and operations. But to bring this all together our final session was around how we can measure the improvements we want in our business. Which are the right performance growth indicators that we should be measuring? And who is keeping you accountable? Measuring the right targets Most businesses focus on targets such as the number of customers, turnover or profitability, but these KPIs are the outcome of other things you should be measuring. If the value of your pipeline is poor, your sales will stop and your profits will fall. If you know...

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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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