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FBP 090: Your business has two options: Adapt or die

Ray Moore and Andy Sleet discuss the pace of change and why businesses should be aware of industry trends. Business owners have two options: to proactively adapt and change with market and environmental changes, or to resist change and fall behind the curve.

Read more on The Levels Blog, or read Ray's article on why businesses need to adapt.

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 088: Is your business ready for sale?

Join Andy Sleet, expert in readying businesses for sale, as he talks through the process of selling a business to help you understand and overcome the challenges that business owners often encounter.

Is your business ready for sale and will it survive without you? Read more here: fluidbusiness.co.uk/preparing-business-sale/

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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Build your own economy

For many business owners it is often a hard slog to continually be generating new business. Whilst many deliver great customer service and care to their existing clients, their influence is limited for the business. This means the chance of increasing fees and selling additional products can be a step too far.

If you looked at your client base, do you know how their businesses are performing? If your clients are struggling, the risk of exposure to bad debts increases.

So, What Does It Actually Mean to Build Our Own Economy?

Imagine that all of your clients had great control in their business; we are not just talking from a financial point of view but delivery of their products, strong systems and process in place, an exceptional team driving the business forward with a strong leader. Not only is that business going to be stronger but it provides upsell and additional product opportunities for you.

How Do We Create Our Own Economies?

There are a few main points to consider.

  • Educate your community – by this we mean educating your suppliers, your existing clients, everyone you have regular contact with. So they share the same understanding about how to develop their business as you do! Have you read a book recently that changed the way you run your business? Why keep it a secret if the benefits to your business could be so great.
  • Sharing Core Values – Doing business with people who feel the same way towards their business as you do. Why would you want to carry someone who does not have the same thinking as you and could potentially be dangerous to your budding community?
  • Success through association – When we start to build our own economies we need to associate with people who are operating, as we want to. As time goes on and your community develops things change and people will look to you to understand.
  • Always create a win-win.

As we build stronger businesses within our own communities we create a safe environment for our clients and community members to do business with one another. By giving them the peace of mind that the others in our community are as strong as they are, we build our own thriving economy.

Listen to Andy Sleet and Hugo Heij discuss building your own economy in more detail on the Fluid Business Podcast:

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Three reasons why we should never stop learning

We begin our formal education at the age of four or five years old and continue until we finish senior school or college/university. Then, once we achieve our qualifications, we tend to believe that the “learning” part of our life is over and we begin our working life – of course we learn at work but it’s reactive learning that takes place, not proactive learning. Proactive learning is about exploration, development and expanding the breadth and depth of your knowledge.

There is a one particular excuse we hear time and time again: “I don’t have time.” But take a closer look at your time; your commute to work could be 10 or 20 minutes of ‘dead time.’ This time could be used to learn by listening to podcasts or audiobooks, or using apps like Blinkist which provides 10-15 minute book summaries.

Get into the habit of investing in learning and improving yourself during dead time. Here are the top three benefits of continued learning:

Opens up new opportunities

Taking the time to proactively learn will give you a better understanding of the events around you. By progressively deepening your understanding and knowledge of subjects that matter to you, you will be able to see the bigger picture. Those moments of clarity where something finally becomes clear or makes sense will become more frequent.

The more you learn, the more you’ll be able to make connections between pieces of knowledge. Look at each new learning and apply it to your own experiences, you will then begin to see and take advantage of new opportunities that you didn’t see before.

Fast track to success

Listening, learning and developing is what successful people do. But why do they do it? Well, if you believe that you know everything you need to know about a subject matter or running a business or managing your team, then you will be missing out on new ideas and different ways of thinking.

Jim Rohn, American entrepreneur and author, once said: “Work harder on yourself than you do on your job.” By this he means that learning and developing will increase your personal value and give you the right mindset for success.

Improves creativity

It’s a well-known fact that learning and staying mentally active keeps your brain healthy and functioning at a high level. Scientists believe that creativity is essentially the ability to apply skills or learning from one situation and apply them to another. If you’re always learning you will be able to transfer your knowledge and understanding to new challenges and ‘come up with’ creative solutions.

Let us know what's on your ‘to read' list.

 

For more on this topic, listen to Episode 085 of the Fluid Business Podcast.

Read more on The Levels Blog: How do you change the way you think?

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FBP 075: Do what you say you’re going to do

In episode 075 of the Fluid Business Podcast Andy Sleet & Ray Moore discuss the importance of trust within teams and why you should always do what you say you're going to do.

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 074: How To Get The Most Out of 2017

In episode 074 of the Fluid Business Podcast Andy Sleet and Ray Moore discuss how to get the most value from your business this year.

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 071: How To Get The Right People On Your Team

In episode 071 of the Fluid Business Podcast Hugo Heij examines how to get the right people on your team with Andy Sleet.

To read Hugo's original blog CLICK HERE.

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 069: How To Get Massive Improvements In Your Business

 

In episode 069 of the Fluid Business Podcast Ray Moore and Andy Sleet discuss how to get major improvements within your business.

 

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 068: Don’t Underestimate the Power of Generalisations

 

In episode 068 of the Fluid Business Podcast Ray Moore and Andy Sleet discuss the power of generalisations and sweeping statements in business.

 

Watch out for the generalisations and beliefs which are not based on any facts but which will quickly undermine a team’s morale and stall change.

 

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 subject areas in our unique and relaxed way. Including: Rapid Growth, Family Business, Team, Efficiency and so much more.

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FBP 066: Who is Controlling Your Time and Priorities

 

In episode 066 of the Fluid Business Podcast Ray Moore and Andy Sleet discuss who is setting the priorities in your business and those of your team. Surely the answer should be you. However external factors, such as email are often controlling your time.

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.