Monday, February 23, 2009

Death of dreams

I’ve just read “Shop owners shut doors on their dreams” which details how a small business of 21 years in the US shut up shop. It also highlights how this story is becoming more and more common. With every closure more pressure is placed on other business around that depend on that business for trade.

 

Now, we may all feel pretty smug that the same won’t happen here in Australia but are you will to take that risk if you have your own business? Most small businesses are establish as dreams and run as hobbies rather than as a business. When times get tough many do not have the structure or the resources to cope. This can put extreme pressure on those running the business that could mean they end up losing more than just the business.

 

No matter where you are the current economic issues are going to have an effect. You need to ensure that you are suitably prepared if you want to hang onto your dream. This means planning and discipline and perhaps facing up to tough decisions. That’s why in many circumstances it helps to tap an outsider to give you help, one who is not directly connected with the business, one who can give you an honest and objective opinion.

 

So if you need an objective and honest opinion about your business or assistance in any way please do not hesitate to contact me (director@ciaops.com) for further information on how I maybe able to help. Even if you just want someone to chat with about your situation please do not hesitate to drop me a line.