A few years back I had a bit of trouble with the Taxation Office. I was behind in my businesses’ tax payments and I was struggling to find the money to pay the growing bill. Things reached a head and I had to have a mediation meeting to explain why I was behind in my taxes and, most importantly, what I was going to do about it.
There were a number of reasons why my taxes were overdue, but they were mostly normal business issues including slow-paying customers, a failure to project manage as well as we should have, and not being tough about collecting money. However, I prepared my story for the meeting along the lines of how tough it was to have a small business, especially when the economy was sluggish, as it was at the time, and how various other real but cop-out issues were affecting my business. CONTINUE READING.
I think that it is hard for a business to succeed if you just do it alone. You need the expertise of other people as well. Taking responsibility is one thing. But you also need to learn to tap the strengths of other people.