Andrew Griffiths Blog

Business Building Advice from Australia's Most Successful Small Business Author

Archive for the ‘Small Business’ Category

Never be afraid to ask for help…

Friday, October 10th, 2008

 

I encounter a lot of small business owners who struggle to reach out and ask for help when they need it. They are embarrassed or they feel isolated and they think that the issues they are facing in their business are unique to them. Of course they are not, but it sure feels that way when you are the one with the problems. 

So where can you get help in times of need? Here are a few places to get you started - 

1. Find a confidante. Someone in business preferably, and ideally a person who has been around for a while and perhaps experienced a few ups and downs. Open up to them, tell them what you are concerned about and what is scaring you. I have done this many times and I have always felt so much better after I spilled my beans.  

2. Talk to your accountant. Now I wouldn’t normally be advising you to get therapy from an accountant but they get to interact with a lot of small business owners. They will have had many other clients who have been in the same position and they may be able to shed some light on what you could do to solve your issues. 

3. See a professional - go and see you Doctor, tell them what is going on and that you need some help. They can point you in many different directions even if you don’t think it is a health related issue. Dramas in business lead to health issues and Doctors want to prevent more than heal. 

4. If you are part of a franchise network talk to other franchise owners or even head office. Odds on whatever you are struggling with, someone else has been in the same place before you and you may find the problem is resolved in a really short period of time. 

5. Talk to you other half or significant other. The old saying that a problem shared is a problem halved is very true. Trust in them to listen to you and not judge you. This is often the first step to solving real problems. 

6. Small business advisory groups - there are lots of Government based organisations set up to help business owners across a range of needs. 

7. Go online - there is a huge amount of information available online. Do a search for whatever issue it is that you are facing and you may find the answer you need. 

8. Attend a business function with a guest speaker on business. Interestingly enough people tend to open up when they are in the audience at an event like this. If they can empathise with the speaker they will share their issues with the people sitting around them. 

9. Get a business coach - this is a great idea and the perfect way to work strategically to solve any business problem that you may be having. There are lots of business coaches around and my advice is to find one that really connect with. It might take a few meetings to find the right coach but be patient and I am sure you will. 

The reality is that the more we hold issues internally, the worse they get. Let them go, most of what we worry about never happens. Tell people you can trust if you are doing it tough financially or if you are worried about the future of if you are feeling tired and burnt out. The sooner you get it out the sooner you can get the process sorted and the issues resolved. Nothing is insurmountable, but when you are in the caught in the middle of the mess it’s really hard to see your way out. 

I implore any business owner, with any issue, to share it. You will find plenty of business people who have had the exact same issue and they will be only too happy to tell you what they did to solve it. 

Small Business Syndrome

Saturday, January 20th, 2007

One of my greatest frustrations is what I call the “Small Business Syndrome” and I refer to it often in my books. This is where the eternal excuse for not being able to run a business to its full potential is the fact that it is “only a small business”. From my own experiences the best run businesses are small businesses and size is certainly no excuse for not providing great service, doing smart marketing, making great products or being innovative and dynamic. Often small business owners are almost apologetic for the fact that they are a small business. I think that it is well and truly time to move on from this mindset and embrace the fact that small businesses are the engine of the business world – there are millions of them and they generally lead the way in all industries.

Being small is no excuse – it is a wonderful opportunity. Imagine being the CEO of a huge multinational corporation – how do you make a change to the way the business operates? There needs to be countless meetings, often arguing for change, board approval, then the changes need to be handed down to next level to start the long and winding road to implementation and once this road is navigated the changes eventually reach to front counter staff who actually sell the product or service. In a small business if you want to make a change – you just do it. How empowering is this?

My main message here is to be proud of your business, regardless of the size. Building a magnificent business has nothing to do with size – it is all about attitude.

What is the difference between success and failure?

Saturday, January 20th, 2007

I get asked this question a lot and it is not an easy one to answer. Sure we can all look at a bank account balance but if that is the only indicator to measure an entrepreneurs success it would be a sad world indeed. Personally I believe that anyone who is brave enough to step out of their comfort zone and enter the challenging world of being self employed should already be classified as a significant success because there is no doubt that running your own business is tough. However, I have noticed that most financially successful entrepreneurs share common personality characteristics and an over riding desire to be good at what they do. I cover these characteristics throughout ‘The Secrets to Building A Winning Business’. Often this is what drives people to be entrepreneurs in the first place – they are good at what they do and they know it and they would rather make money for themselves than someone else.

But if I had to pick one defining characteristic that separates success and failure it would have to be passion. Those entrepreneurs who are passionate about their businesses will not accept half measures – they sincerely want to be the best at what they do. They are passionate regarding their products and services, their customers and their staff. This passion enables them to embrace change and face the everyday challenges that all business owners face head on. Sure they encounter set backs but they don’t get caught up in the negatives, preferring instead to move forward, learning from their mistakes and refining the way they do things. They are passionate enough to share their triumphs and tragedies in a philosophical way and they will help other people to succeed wherever they can.

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The more successful you become the more distractions that will appear!

Friday, January 12th, 2007

This is a fact, as your business grows and you become more successful, more distractions will begin to appear around every corner. This is a dangerous time for any business and any easily distracted entrepreneur.

It is easy to argue that these distractions are wonderful opportunities coming your way and I am sure that many of them are, but keeping a focus on your core business is essential. If you lose sight of this, by the time you regain your focus it may be too late.

I have witnessed this many times with growing businesses. The focus shifts from the business to the new opportunities and before long the main business starts to suffer. It is all about finding the balance between being open to new and exciting opportunities and still keeping an eye on your main business.

The hard part with this is that distractions are often more interesting and exciting. They often appeal to our egos. The wonderful thing about distractions and opportunities is that they are not limited – if you miss one today, another one will come along tomorrow. Accepting this takes some of the urgency out of responding to every one that comes your way.

WHAT CAN YOU DO TODAY? When the next opportunity or distraction heads your way, stop and think how is it affecting what you do? While contemplating this new possibility are there other parts of your business that you are neglecting? Being aware is half way to solving the potential problem – the other half is having the discipline to say no.

Hug a Small Business Owner Today!

Tuesday, January 9th, 2007

There was a time that small business owners were considered pillars of society. They were respected, they were looked to for leadership in times of crisis and they were the backbones of most economies.

In more recent times the significance of the small business owner and the role they play has been lost in our community. They have been overshadowed by the larger, more vocal and more media focused corporations. But not out of any malicious act, rather small business has simply lost its voice and identity.

How can customers know when they are buying from a small business? Unless they know the owner, its hard to tell but most people are really keen to try and support small business wherever they can – it is the Australian way.

As a community we need to encourage people to start small businesses. We need to support them, buy their products and services and help them to grow and expand. They employ many people, they spend their money here in our community and they grow as a proactive part of our world.

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I want small business to reclaim its voice. To stand up and be counted. I want small business owners to be acknowledged for what they do and what they achieve. I want small business to regain some of the pride and standing that it used to have in the community.

This starts with small steps and works itself into a crescendo. Put out a sign saying “Proudly small business”. If you own a small business be proud to tell people what you do. Encourage other small business owners to shout out loud about what they do and make a point of telling your customers that they are supporting a small business.

Lets work together to restore some of the pride and vitality that small business used to have. So hug a Small Business owner today!