How to shake up and shape up your small business

We’re lucky enough to work with hundreds of small businesses across Victoria, so we have seen a lot in terms of business performance and lack thereof. If you feel your business has become a little humdrum, here are a few tips to shake up and shape up your business.

Review your business finances with a trusted advisor

Not being on top of your cash flow is one of the biggest reasons small businesses fail. While many spend hours trying to manage it themselves, it’s much more time-efficient to find an expert. A professional can also see things with fresh eyes and make sure your business thrives, not just survives.

Get organised

As the saying goes, “a cluttered desk is the sign of a cluttered mind.” If your surroundings are messy, your office space can begin to feel chaotic, which may lead to people being distracted and potentially under performing.

Learn something new

There’s no better way to break out of your box by learning something new. With thousands of online courses and how-to-do books, it’s easy to get an edge with further education.

Break out of your comfort zone

Taking calculated risks in your business or personal life can help boost your confidence and self-esteem. Try something that takes you out of your comfort zone to get your head back in the right space.

Have a Plan

The old saying, “those that fail to plan, plan to fail” still rings true because having a plan for the future remains a strong indicator of success. You can plan for a month, a year, 3-years or even 5-years. Every great small business also sets regular tasks and goals in order to achieve their plan.

Invest in new tech

If your employees all have the latest iPhone but have to use a tired old 1990’s computer all day at work, chances are they won’t feel very motivated to get on it. Up to date tech, like new computers, printers and software will pay for itself in productivity. Plus, the automation of mundane tasks, may speed up some processes.

Get Social

Linkedin is where it’s at in terms of business social media. While you don’t have to set yourself up as an influencer to cut through, being active by commenting and posting will enable you to break into the digital space with relative ease