Most people in business often have concerns that they ponder over with varying levels of concern. Sometimes it may be a minor issue that can be resolved relatively easily, other times it can be more complex and serious concerns.

Particularly in the economic climate that we have all been coping with over the last few years, doing business at any level has not been easy to say the least. In order to take the first step in addressing any concerns that you might have, please take the time to work through the following list of questions and see if one or more of them represent issues that are keeping you awake at night - answering these questions can be a searching exercise and should not be done quickly or flippantly:

1. Are your business competitors causing you problems? Do you know what they are doing and why they seem to be beating you to the punch on business deals?
2. Are you concerned about changing business conditions? These changes might be upon you right now or looming in the period ahead.
3. Are you concerned about declining sales and profit margins?
4. Is cash flow an issue in your business? Are you making sales and maybe even growing but cash still seems to be tight?
5. Are you stressed and your lifestyle is not what it should be? The causes of this can be for a whole host of reasons, but if it is occurring, it is important to identify the issue(s) and take action to address the situation.
6. Are you concerned about access to the funding that you need to run your business?
7. Are you having problems attracting, retaining and motivating staff?
8. Do you have a clear plan for the future direction of your business?
9. Are you concerned about succession planning or transitioning out of your business in a time frame that suits you? Are you concerned about who will take over your business and how you will fund your retirement?
10. Are you concerned about selling your business for the highest price?
11. Are you worried about protecting your business and family assets?
12. What are your life plans? What are the things that are important to you, and what do you want to do with the rest of your life, or at least the good years ahead? Is there alignment between what you are doing now and where you want to be?

If any of these issues are keeping you awake at night, please do not hesitate to contact our office. Believe it or not, there are solutions for all of them. It is a matter of clearly identifying the cause(s) of the problem and then designing solutions to suit your needs.

© Power Tynan Pty Ltd