Beat the January Blues for your Business Survival

CMC talk to owner managers in a variety of industry sectors on a daily basis and there definitely seems to be a case of January blues. Could it be the personal and corporation tax bill that’s due at the end of the month or maybe the vat bill or just that fact that you are trying to cram in 4 weeks work into a 3 week month? As business owners ourselves we can relate to these demands but have you thought about how your current state of mind would be affecting your team and business?

As a business owner you also need to be an effective business leader. The most successful small businesses are those that have good leadership. Leadership can help your business survive and thrive. You need to keep calm, create a positive environment for you and your employees, be approachable, motivate and remain focused.  This will then allow you to successfully plan, create a vision, empower others and lead yourself.

Shaking yourself out of the January blues and concentrating on your leadership and driving your business forward to increase productivity could help your business survive during these difficult months.

CMC work with owner managers to help them maximise their potential at the key stages of business development. Keeping our clients focused with monthly objectives and targets prevents any sales or cash flow problems to occur.  Having control of their business and striving towards the next stage in their business lifecycle doesn’t allow our owner manager clients any reason to get the January blues.

Read here to see how CMC have helped re launch a manufacturing company into a profitable business. Theres no more January blues with this client!

Sparkling Opportunities in 2012 for Owner Managed Businesses

Business owners and managers have many growth opportunities in the year ahead. With the Olympics and the Queen's Diamond Jubilee, there is plenty to boost everyone's spirits and for businesses to expand, diversify and benefit from these ‘once in a lifetime events’.

CMC’s new partner Phil McConnell , who covers West London and Surrey, feel's that 2012 is the year that these businesses will grow, innovate and expand.

Phil believes there are many opportunities for Small and Medium-sized Enterprises (SMEs) to grow and win some overdue gold medals. ‘During the past year, businesses have dealt with a weak economy, draining confidence for businesses. Going forward inflation should begin to decrease, having a positive effect on small business overheads and help consumer confidence. In spite of all these challenges, small businesses have shown resilience and will take opportunities when they arise.  2012 will be a great year for businesses based in the South East England; they will be in the spotlight regardless of Britain medal tally.’

If you want your own business to have sustainable growth with a high performance team and longevity to reach its own 60 year jubilee then you need to plan, match personal objectives to business directions and invest accordingly. Of course, growth can be challenging whilst running the day to day operations, this is where CMC can help.

Find out more about Phil and how he can help your business or call Phil on 0208 8920228.

What happens to your business when you retire?

Having a break away from work over the Christmas period may give you the rare opportunity to think about your retirement plan and the future of your business.

If you have never stopped to think about what happens next, be assured that you are not alone - there is no reason for concern. 

‘Only half of owner managers have a clear financial plan in place for their retirement’ Business link South East Research 2007

It is quite usual for the demands of a growing business to consume most of your time and energy, and for whatever free time is left to you to be committed to your private life.  We see many companies where the owner has had little chance to think about how they will disengage themselves from the business when the time comes – in such a way that both can go their separate ways – which is all that is meant by the term “exit strategy”. 

Why do I need an exit strategy?

Tax Relief for Start Up Investors

Bob Brown, CMC Partner based in Worcestershire, blogs about the changes to Enterprise Investment Scheme (EIS) deal. These changes, could give entrepreneurs an alternative source of finance with potential investors qualifying for tax reliefs.

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