BUSINESS
Embracing change
In order to thrive, businesses need to embrace change, but how can you identify what you need to do differently, or maybe even stop doing?
Embracing
O
NE of the main differences between a business that thrives and one which fails is their willingness to embrace change and understand what’s happing in their marketplace before they are left behind. This lack of flexibility and knowledge is reflected in business failure rates. The official statistics show that 20% of new businesses will have closed within 12 months, 60% will fail within three years and according to the Office for National Statistics, under half will survive beyond five years. The statistics vary from region to region, and some sectors, such as restaurants, have much higher failure rates, but each failure is the death of someone’s dream. We need, therefore, to be able to recognise when our business needs to change. This might mean operational changes, such as new opening hours or ways of working, but it can also mean changes in ourselves and our relationships to our businesses and our clients.
CHANGE
Start with some questions The best way to figure out what needs to change is to start by asking yourself some questions about your life and business. You may come up with some surprising insights, especially if you’ve been in business a few years and everything is just trundling along nicely.
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HOLISTIC THERAPIST 2021
holistictherapistmagazine.com
