What is the one thing I can do to really turbo charge the business?

Dear Aunty B,

We haven’t really grown for the past three years and I have blamed our industry and the GFC.

But I met up with a friend who was in a similar situation and we have made a pact to stop blaming externals and get going again.

Aunty, what is the one thing I can do to really turbo charge the business? And I am talking for the long-term, not hire new sales staff stuff.

On the move,
Nathan in Victoria

Dear Nathan in Victoria,

You want to turbo-charge your business? Revitalise your board. Haven’t got one? Then get one now. Nothing beats a great board for driving the business forward. The first time you front up to your new board with your plan for growth and they ask a whole heap of uncomfortable questions, you will start to see what I mean.

Great boards want to see your targets, want to set them higher, want risk scenarios, want to know competitive threats, want to see more of a cash buffer than your current overdraft but most of all they want to see your strategic plan. And so you begin to work on one.

Be warned though. I meet with my board every two months and although it is extremely useful, it can be stressful. My general manager who takes the minutes at our board meeting always has a few stiff gins after the big day and she is not a drinker.

Be smart,
Your Aunty B

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