Fail to plan, plan to fail

All successful people in business agree that change is inevitable, and planning is key. Jamie Playford of Leading Strategies explains why.

Having worked with businesses in financial distress for almost 20 years, some reasons for business failure are more common than others. Taking those lessons, we now also help start ups and younger businesses avoid those pitfalls altogether and run their businesses better.

Start ups are statistically a higher risk of failure and also businesses that grow quickly often do not implement procedures to support that growth and owners become “too busy” to cope.

Having well-defined goals and a strategy (often in the form of a business plan) that is regularly and objectively measured ensures business owners achieve their personal goals. With SMEs we work with across East Anglia, these are often inextricably linked to the business. This may be a retirement date, a business sale – in one case it was to own a powerboat on the Mediterranean! There is nothing wrong with ostentatious goals, as long as they are affordable!

In business, relationships are key and, as our team have worked with many professionals over the years, we are well placed to facilitate discussions between the accountant, the IFA, the bank manager and so on, It is important everyone is working towards the same goals. We then work with the business to ensure the strategy is followed and adapted if circumstances change. We are on hand to tackle issues as they arise and we will usually have a fortnightly or monthly review meeting as required.

Leading Strategies was formed by a team of experts who help businesses through periods of growth, distress and change. We are passionate about helping business owners to fulfil their aspirations and supporting those who wish to make their business the very best it can be.

We partner with businesses of all sizes from small start ups who wish to refine their goals, product or vision through to large corporates with a record of success who recognise they need to embed a strategy to encourage consistency for continued sustainable growth.

We are committed to helping businesses flourish and provide practical, hands on solutions that will take your business to the next level and beyond.