At Best Business Practice, we do not baffle with brilliance, using theories which are often totally impracticable within the confines of everyday business.  Our aim is to give you real input from an outsiders point of view and put you into a position of being able to oversee your business.  This will enable you, to take advantage, of opportunities for growth and efficiency.

We do take good sound theory and turn them into solutions which will work with your business.  Strategic planning, monitoring systems, staff alignment, sales and marketing are applicable to every range of business.  Our objective is to make these solutions available, affordable and enjoyable.

Its all very well to have the best systems and procedures in place, quite often it’s the implementation and follow through which is lacking.  The implementation and follow through is critical.  

Welcome to the world of “Best Business Practice”

 

 

Identification, application & implementation through strategic planning, using best business practice

Get a strategic plan  |  Get a business plan  |  Get a sales and marketing plan
Get the systems running the business  |  Get the staff running the systems

Get a plan and then implement it

Founder’s Disease: The Entrepreneurs nightmare

Starting a business and watching it grow can be one of the most exciting and passionate experiences that we can achieve, but it can turn to custard through Founders Disease or FD. 

There are four distinctive parts in a business cycle and it’s the later two which can destroy a business unless identified and attacked early.

1/ We don’t know what we don’t know

We start with an idea and then begin creating dimension and context for that idea.  It escalates and fast momentum is created through building it step by step, putting in the blood sweat and tears and bringing animation to an idea.

2/ We know what we don’t know

We continue to develop the idea, talk with experts and reach out to absorb as much information as we can, the excitement grows.  Our knowledge gives us confidence, the business excels.  It’s exciting!!

3/ We think we know everything about what we really don’t know.

Our experts have taught us to be experts and because we are the founders of the business and all the ideas came from us, then we should be the ones to control every aspect, and we do.  We cannot give away ownership of the idea’s, direction or implementation, no one knows better. 

But the reality is that the business suffers through missed opportunities because the founder is too busy controlling every aspect in the business.  Despondency sets in and the business starts to become a beast, controlling the founder.  The early momentum is fading.

4/ We should have listened to those who did know.

With a blinding flash we realise the need to stop, retake and re-focus.  We realise that by stepping back and working on the business instead of in it, we can create more opportunities and productivity through being in real control. 

The reality is that for most founders, they won’t survive long enough to get to stage 4 and if they do, it’s a real challenge to reverse the deadly outcome.  This reality may not hit for several years, but once diagnosed and acted upon allows the business to gain real traction.

Have you got FD?

One Strategic Planning session with Best Business Practice will enable you see any signs of FD and gain real knowledge to overcome it.       

 

The Recession is Over - Or is it?

History repeats and if we look at history we will find that the '87 crash took until '92 to make a full recovery. 

 Business experience with those involved in Best Business Practice have seen many recessions, 1981, 1987, 1991, 1997 (Asia), 2001 and 2008.  The biggest hit being the 1987 share-market crash which went on to cause a dip in 1991.

 
 

The facts are that we’re not bullet proof, there are no silver bullets, and we will continue to get them.  Its planning that gets us around them and a pro-active attitude that gets us through them.  The endemic fact is that during the good times it is human nature to forget the bad times.  It is also human nature to retrench into shells to weather the storm.

10% of the companies now in the fortune 500 listings made it through using the opportunities during the 1987, 1991 and 2001 recessions.  Whist their competitors retrenched, they went out into the storm and gained massive market share.  Why?  Its cheaper to gain exposure, there is more space and more time available.  The wise companies doubled there R&D, Apple came up with the I-pod.  The examples are boundless and unfortunately are mainly known with large corporate companies, however the principles have worked for many of today’s small to medium sized businesses.  It’s about being pro-active, it is too easy to become reactive in a bullish market.

Opportunities are to be gained in every sector. Favourable rentals and a tightened attitude by main stream employee’s makes for a healthy future for those that take advantage of a once again, growing market.
Through the implementation of solid KPI’s, dashboard monitoring, staff alignment and a pro-active marketing strategy, your business has the ability to gain good market share whilst your competitors weather the storm.

The task is not so much to see what no one yet has seen, but to think what no body yet has thought about that which everyone sees.

Get a plan and then implement it!