The looming election and the promises being made along with expert comments on the effects they will have on the economy have caused many small business owners to worry about their futures and that of their businesses.
It is time to revisit your business plans and do some IF a THEN b AND c ELSE d analyses of your business and the environment in which it operates. For example: –
You are a small construction company, so
IF: the ABCC is abolished
THEN: what impact is it going to have, if any, on my ability to take on new work
AND: what steps can I take to avoid this impact
ELSE: if I can’t, do I need to change the focus of my business
Looming times and circumstances are making some form of business planning more important. But, if you are like most, it is a daunting process when you look at the templates that are around; but like just about everything else in your business, it is a necessity you make a start. If the template is confusing or causes you to emotionally lock up, just try making a list of the things you want to do and when you want to do them by. There are plenty of mind mapping apps that let you toss all your ideas down on the screen and then work on expanding them. There are no right or wrong answers, just ideas.
You still have to knock them into some order which is the next challenge you need to meet.
If you want expert help with this, go to the Business Connect website, look for the Western Sydney Business Centre advisors and book one of them or call on 02 4721 5011. I also provide advice to NDIS providers, Bob Green.