Why it’s important to create support networks

By Tracc on Small Business - Advice and Ideas for UK Small Businesses and SMEs Andrew Walsh, founder of AW Repair Group, explains why it's important to look after the mental health of your staff as well as your own The post Why it’s important to create support networks appeared first on Small Business.

Why it’s important to create support networks

By Tracc on Small Business - Advice and Ideas for UK Small Businesses and SMEs

From sporting champions to showbiz celebrities, not many days seem to pass just now without some public figure declaring that they’re taking time out to deal with their mental health issues.

If you’re fully engaged with getting your business going, you might be tempted to think that that’s a luxury you can’t afford, but Andrew Walsh believes that mental health is an issue that entrepreneurs need to take very seriously – starting with their own.

It can be lonely at the top of any business, particularly when you haven’t yet had time to build your teams, and it’s all too easy to pile pressure on yourself by thinking you need to know all the answers. Before that pressure becomes too intense, you need to make sure that you’ve got strong emotional support from your family and friends.

And you need to cultivate other networks too. It’s very easy to dismiss those invitations from your bankers or accountants to networking meetings, but just occasionally they can put you in touch with people who can provide reliable advice in areas from employment law and pensions to insurance – all those subjects where you really don’t have time to become your own expert.

Leaders need to devote a lot of thought to their workers’ wellbeing too. Be on the lookout for anyone showing signs of stress, and take the time to sit down with them and talk through their problems. At AW Repair Group they’ve also introduced Mental Health Champions – selected individuals who act as conduits through which people can get access to professional advice whenever they need it.   

The time you put into promoting the wellbeing of your people is one of the best investments you can make, and should bring rich returns in loyalty, productivity and customer satisfaction.

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SME wellbeing tips from performance coach, Phillippa Hurrell – a podcast

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How to protect your success

By Tracc on Small Business - Advice and Ideas for UK Small Businesses and SMEs Andrew Walsh, founder of AW Repair Group, tells us why you should constantly be reviewing your business and finding improvements The post How to protect your success appeared first on Small Business.

How to protect your success

By Tracc on Small Business - Advice and Ideas for UK Small Businesses and SMEs

At what point can you say that your business has made it? According to Andrew Walsh,
the answer is never. As soon as you take your foot off the pedal, the danger is that you’ll slip back. You have to keep on ratcheting up.

Andrew believes that one of the hardest things for an entrepreneur is to be critical of their creation, but they need to take a regular look at every aspect of it with a detached, objective eye. They need to be their own troubleshooter, and identify two or three things that need to be fixed now. And when they’ve done that, they need to do it again and again.

And entrepreneurs should also be looking for continuous improvement in their own performance. One way he does that is by studying the biographies of leaders he admires in business and politics and identifying any features he can adopt as leader of AW Repair Group.

Andrew is also a firm believer in keeping a keen eye on the wider world, through trusted news channels like Bloomberg and Reuters. It’s a routine that has helped him detect emerging trends in good time and prepare himself and the business to respond accordingly.  

It may sound a little premature, but in order to protect your hard-earned success you need to start thinking about succession management. If you’re ultimately looking to sell the business, you’ll need to convince potential buyers that it can continue to flourish without you at the controls. It’s a question of picking the right team, mentoring them and giving them appropriate opportunities.

Sometimes you’ll need to persuade people that they have skills they were unaware of; sometimes you’ll have to, very tactfully, convince them that they don’t have the strengths they think they have.

Once you’ve got the right team, with everyone playing to their strengths, you’ll be able to do the hardest thing of all: letting go.

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Why ignoring employee weaknesses is bad for your business

The post How to protect your success appeared first on Small Business.

Source : UK Small Businesses More   

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