This concept is not new \u2013 we did it in the classroom for years.<\/p>\n
Not sure about the answer or need help? Put your hand up and the teacher will help.<\/p>\n
The funny thing is that in business \u2013 especially small to medium business \u2013 most operators don\u2019t put their hands up. That\u2019s when things go to muck, and fast.<\/p>\n
Most people know that running a small-to-medium business is hard work. What starts out as a dream \u2013 a spark \u2013 can end up being a serious undertaking with lots of upside and equally, lots of downside.<\/p>\n
A successful small business can be very rewarding, in the sense of achieving your goals and financial freedom. At the same time, there is risk; you find you are always measuring risk for reward.<\/p>\n
Along the way, you learn how to manage staff, rent, expenses, cash flow, funding, stock and the ATO. After coping with all this you do have to sell something \u2013 back to the beginning, the original idea.<\/p>\n
A smart operator will, or should, seek help \u2013 put up their hand and reach out to their advisor and business mentor.<\/p>\n
A person from the outside who can take an objective view and carefully guide you through the tough times is a serious bonus.<\/p>\n
This mentor doesn\u2019t soak up regular wages, take annual leave or get paid sick leave either (another bonus) \u2013 only buy in help when you need it.<\/p>\n
The difficulty is knowing when to put your hand up. It\u2019s when things get tough \u2013 cash flow, unpaid rent, late with the BAS, unpaid bills and cranky creditors. Or just someone to share some load.<\/p>\n
An experienced objective mentor will help identify the problems and address them \u2013 turn things around and talk with your creditors.<\/p>\n
A good mentor can also be proactive and help plan. They have had the experience. They can also help celebrating your success.<\/p>\n
Facing reality is not normally too pleasant \u2013 put your hand up.<\/p>\n
You may never know \u2013 help is only a confidential phone call away.<\/p>\n","protected":false},"excerpt":{"rendered":"
This concept is not new \u2013 we did it in the classroom for years. Not sure about the answer or need help? Put your hand up and the teacher will help. The funny thing is that in business \u2013 especially small to medium business \u2013 most operators don\u2019t put their hands up. That\u2019s when things […]<\/p>\n