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Adapt or die, the choice is yours

Written by Ray Moore.

In today’s rapidly changing environment, businesses need to proactively adapt and ‘keep up’ with the pace of change. Any business that resists changing to market and industry developments faces loosing their competitive edge and ending up in an ‘evolutionary cul-de-sac.’ Here are the top two ever-changing areas that SMEs should focus on:

Technological advancements

Without change, we would still be using cash as our main method of payment. In the podcast (Episode 090), Andy and I chat about a high-street retailer that resisted the change from cash to using credit cards, which had a detrimental effect on the business. Technology advancements are often the catalyst for change and although it can be seen as a disruptor at first, in the long run it is likely to make for smoother and more convenient processes.

Customer expectations

Using the example of payment methods again; we know that card payment is the norm in almost all shops and restaurants. Customers expect to be able make card payments and don’t carry much cash around with them. Any business not accepting card payments is going to inconvenience customers and fail to meet their expectations.

The expectations your customers have are constantly changing. Today, many customers expect to be able to make contactless payment and in the near future your customers may expect something else. Being in touch with trends, your competition and industry developments is essential to meeting your customers’ needs.

As I mentioned in the Podcast, small businesses are not just competing locally, regionally or even nationally anymore, we are all competing in a much more globalised world, therefore we need to embrace the changes and not fall behind the curve.

Read more about this topic on my blog.

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FBP 084: Set and achieve your business goals

Setting goals in your business is a great contributor to success. Goals provide direction and will help to align the business owner with the team. This week on the Fluid Business Podcast, Andy Sleet and Hugo Heij explain how to achieve your ideal life by setting and achieving business goals.

Our team of professional business coaches share their expert knowledge and experience every single week, empowering you, the business owner, to develop and grow your business the right way.

Join us as we cover core subjects areas in our unique and relaxed way, including: Rapid Growth, Family Business, Team, Efficiency and so much more.

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FBP 082: Has Your Extraordinary Become Ordinary?

When was the last time you celebrated business success? Recognising success is good for business; it gives your team a boost and shows your business leadership skills. On this episode of the Fluid Business Podcast Ray Moore and Hugo Heij discuss the benefits of acknowledging success.

For more on this topic, check out the blog.

Our team of professional business coaches share their expert knowledge and experience every single week, empowering you, the business owner, to develop and grow your business the right way.

Join us as we cover core subjects areas in our unique and relaxed way, including: Rapid Growth, Family Business, Team, Efficiency and so much more.

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FBP 067: How to Fall Back in Love with Your Business

 

In this episode of the Fluid Business Podcast Ray and Andy discuss falling out of love with your business and what you need to do if this happens to you. This topic was first covered on The Levels Blog. Click Here to Read The Post.

Fluid's team of professional business coaches share their expert knowledge and experience every single week, empowering you, the business owner, to develop and grow your business the right way.

Join us as we cover core subjects areas in our unique and relaxed way. Including: Rapid Growth, Family Business, Team, Efficiency and so much more.

Got any burning questions? Post them below and we'll get back to you!
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FBP 058: The 8 Talent Dynamics Profile Types with Business Coach Hugo Heij

In episode 058 of the Fluid Business Podcast David speaks with Fluid Business Coach, Hugo Heij about talent Dynamics — the No.1 Business Development Pathway for Accelerating Trust and Flow within your business.

There are 8 Talent Dynamics Profiles and each has different business development strategies to follow in order to be successful in their career or business.

When you and your team are in flow through understanding your own and each other’s profiles amazing light-bulb moments occur.

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FBP 045: Why Do My Sales and Admin Teams Not Get Along?

In this episode of the Fluid Business Podcast, we cover why it isn’t uncommon for sales teams and admin teams to clash. Using DiSC profiling tool to understand how to better communicate.

Our team of professional business coaches share their expert knowledge and experience every single week, empowering you, the business owner, to develop and grow your business the right way.

Join us as we cover core subjects areas in our unique and relaxed way, including: Rapid Growth, Family Business, Team, Efficiency and so much more.