Top Ten 2013 Tweaks for Business Success

by JFP 28. February 2013 19:56
  In theory, business planning is very simple – work out were you are, where you want to get to - and then decide how you are going to get there. In practice, it’s more difficult – and that’s where JFP can help.   2. More and more business people are involved in more than one business – in “management – speak”, they are “parallel entrepreneurs” – for some it may work, for others they should adhere to the business maxim “choose one thing – and do it brilliantly” – JFP can help you decide.   3. A good plan to-day is better than a perfect plan to-morrow – do not procrastinate – a journey of 1,000 miles starts with a single step – get going – JFP can help you get the ball rolling.   4. As a rule of thumb – and like a tripod – every business has three legs – operations, sales and marketing and finance – if one or more of those legs are weak, the business will fall over – JFP can help you keep those three legs strong.   5. Many companies have good / reasonable plans but fail to implement / execute – a JFP can help by attending regular Management / Board Meetings.   6.Mo Farah and Andy Murray would not have achieved sporting greatness without the right coach: namely Alberto Salazar and Ivan Lendl respectively – to achieve business success, whether it be a hobby, lifestyle or a scalable business, JFP can help.    7. Steven Covey – sadly recently departed - was one of the most successful management gurus. His book “7 Habits of Highly Effective People” sold more than 20 million copies.   He was a proponent of getting into the habit of having good habits / business disciplines – JFP can help you take up his advice.   8. One of the reasons why British Cycling won 7 out of the 10 golds at the Olympics was down to “marginal gains”. In your business, there will many areas, which could be improved, albeit marginally – but put them all together and you have “big gains” – JFP can help.   9. As every business person knows, there are always events to test a company – recession, loss of a major customer or key personnel, competitors activities etc. – but if you have a good plan – stick to it – as Winston Churchill used to say “When you are going through hell – don’t stop – just keep on going”. JFP can help (a problem shared is a problem halved).   10. And the last word has to go the comedian and actor, Groucho Marks, who said the only two things you need for business success are “trust” and “integrity” – and once you have faked them – you have got it made ! (JFP can not help here ! )   Why not call us on 01344 872230.

10 Good Reasons for Running Your Own Business

by JFP 28. February 2013 19:49
    It was Confucius who said in 500BC “choose a job that you love and you will never have to do a day’s work again”.   Here are ten good reasons for running your own Business. If you work for yourself, you can not be sacked and it gives you flexibility, kudos and control over your own destiny. Building your own company is the best fun you can have with your clothes on. Thanks to the internet, it is never easier to set up in business. If you build a company and sell it you only pay tax of 10%. There is never a shortage of good business ideas (as Sir Richard Branson says, “business opportunities are like London buses - there is always one coming your way “) Building a business can provide for your family and others. If you are an employee, a business on the side can give you extra income. A good way of meeting people and forming lasting relationships. It's still the best way to get rich. Independence and freedom = happiness and satisfaction.   If you can think of more reasons, please let us know on sp@jfpstrategic-planning .co.uk  

7 Habits of Highly Effective People

by JFP 14. August 2012 15:41
Stephen Covey, who died on 16th July, was one of the most successful management gurus. His book “7 Habits of Highly Effective People” sold more than 20million copies.   The seven habits are:   Be proactive Begin with the end in mind Put first things first (oddly this is third on his list !) Think “Win-Win” Seek first to understand, then to be understood. Synergise – learn to work with others to the benefit of all parties. “Sharpen the Saw” – keep physically, mentally and spiritually refreshed through such things as exercise, reading, prayer and good works.   To apply his principles, he encouraged people to divide their tasks into four categories: urgent and important; non-urgent and unimportant; urgent and unimportant and non-urgent and important.   Then he told them to prioritise the “non-urgent and important” category to minimise  the items in “urgent and important”.   JFP helps companies become more effective - and if you need help phone us on 01344 872 230.    

"Get a Coach "

by JFP 14. August 2012 15:38
According to research conducted by accountants Moore and Smalley, around 42 per cent of those running a business have never used the services of a mentor or coach. It’s surprising, considering that real, hands-on experience of successfully running a business can add so much value.  Eric Schmidt as CEO of Google was asked what the best business advice he ever received – his reply was “Get a Coach”.So why not try JFP Strategic Planning Business to bounce ideas off, point you in the right direction, help you focus on important issues and provide support and motivation.   Phone JFP on 01344 872230 for more details.

What is an Entrepreneur ?

by JFP 25. July 2012 11:24
One of our clients asked us this week – “what is an entrepreneur ?”.   The following was our reply:   The Oxford Dictionary's definition of an entrepreneur is a person who sets up a business, taking on financial risks, in the hope of profits.   But Entrepreneurs come in many forms and what motivates them maybe:   1. The Money - to accumulate wealth.   2. To Build Something - this can generate employment and can be a great benefit to the local community.   3. No choice - where people are unable to get a job and resort to self-employment to provide for their families.   4. By Accident - examples are inventors, scientists, academics who set up a business to prove their ideas are correct.   5. By Tradition - e.g. those who inherit a family business.   6. The Challenge - some are driven to take on difficult tasks because an easy life is not for them.   7. Power - those who enjoy controlling their own destiny - and everyone else's !   8. Ego - some have to be the boss to satisfy their ego.   You may think of other categories.

British Library

by JFP 2. July 2012 13:16
The British Library has an excellent Business Section and for business owners, it is well worth a visit. It is located at 96 Euston Road, London NW1 2DB.  What you find there includes: ·       Subscription databases (available for free) giving current business and industry information. ·       Online intellectual property databases. ·       Market research reports. ·       Journals for company news, competitor information and industry trends. ·       Directories. ·       Industry Guides.  ·       E-learning courses. ·       Workshops and Events However, for business owners there are other ways of filling the business knowledge gap – and one of the best is to contact JFP Strategic Planning , whose three partners have over 90 years of business experience and knowledge. JFP’s telephone number is 01344 872230.

Passwords

by JFP 28. April 2012 16:08
RockYou.com is a social –gaming website – and recently hackers stole 32 million passwords and usernames and posted them on the Web. Imperva, a security firm made an analysis and found that 365,000 people had used either “123456” or “password”, whilst most common choices were just words in the dictionary.   Hackers these days commonly use automated attacks, which will very quickly find names listed in dictionaries or commonly used phrases. There are various scanners and devices that can be purchased which help - but they can be expensive – but often the best defence is to choose more secure passwords.   One way is to turn a sentence, which is not commonly used, into a password – for example “Too much food and wine will make you sick” becomes “2mf&wwmUs”.   The trick – and it is not always easy  - is to find a password, which is not a well known word or phrase, which is easy to remember but hard to guess,   So the questions for you are:   a) “Do you need to change any or all of your passwords?”   b) Would it be prudent to review the risks that could have a significant detrimental affect on your business ? If so please contact JFP on 01344 872230.  

Perseverance

by JFP 16. March 2012 15:03
Keep Going [More]

LESS IS MORE

by JFP 16. March 2012 14:09
By working smarter and doing less one can achieve more. [More]