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THE SOUTH SHUSWAP SCOOP

AUGUST 2016

Business Scoop

Finish Strong: Head Into Fall Refreshed and Refocused

250.803.0156

250-955-2236

By Rob Marshall, Executive Director of Community Futures Shuswap. Ready or not, here comes the Fall. For some, autumn is the dreaded end to summer. For others, it means gearing up, (re)establishing routines, putting the kids back in school, or prepping the yard for winter. For business owners, fall can be an exciting time of year - almost like a miniNew Year of sorts. It can mean making plans to head into the final quarter of the calendar year to finish off the year strong and/or ramping up for the busiest time of year - the holiday season. Here are some ideas to inspire you for a great final quarter. The stronger you finish, the better the momentum you bring with you into the New Year. Go ahead, get a head start. Business owners require a lot of skills to operate a business, and keeping the big picture in mind and being the visionary of your company is essential to how your business will do 3, 6 even 18 months from now. These 5 tips will help you prepare for fall: 1. Review your budget goals vs your actual achievements. As with a business plan, revisit your budget, and make any adjustments needed to maximize your hardearned dollars and investment. 2. Decide whether you need to adjust your goals. Business plans are an essential part of a successful business.

But don’t be afraid to make adjustments along the way; in fact, be open to them. Be ever mindful of the needs of your clients, changing market conditions, and new opportunities! 3. Review projects and expansion goals. Carve out regular time to review where you are at with your projects. Reflect on your successes and if you’re not where you need to be, follow steps 4 & 5! 4. Course correct. Don’t be stubborn! Perhaps you are taking a course of action that is not working for you, or your business. It’s okay. Relax. Mistakes are part of the entrepreneurial journey and corrections will lead you to better outcomes. 5. Ask for help. Most entrepreneurs are highly independent and independent people are not usually the first ones to reach out for help. Sound familiar? So, now you know. Just be reminded that it’s okay to ask for help. Running a business isn’t easy! In fact, it’s hard. So reach out, ask for help and advice when you need it. There are many resources to help you, visit beyourfuture.ca and you’ll find many helpful links. Perhaps you’ve just read the above tips and realized that you may not have started your calendar year off strong with a defined budget, goals, or a concrete set of objectives. It’s never too late to do so! Use the last days of summer to get those in order so you can launch into fall refreshed and focused! The team at Community Futures Shuswap can offer you advice, mentorship, and tools to move you forward. Just give us a call to set up an appointment. We’re here to help. For more small business tips and resources, visit beyourfuture.ca

Shuswap Scoop August 2016  

Free publication serving the South Shuswap and surrounding area

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