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Are you in the Business of providing Health and Fitness services that play an important part in our community! Most importantly, helping to keep us active, fit and well.
And are you a small Business owner that makes up this diverse and broad Industry offering a range of products, services and activities. An Industry of;
- Gyms, Yoga, and Pilates classes, just some of the popular activities tailored to improve our function, strength and well-being.
- Not to forget Boot Camps, Strength programs and Wall-Climbing for the more flexible and adventurous.
- Add Spa’s, Relaxation Clinics, Dietary Counsellors and Physios to this range,
- Along with providers of ‘niche’ market sportswear, clothing, footwear, accessories and specialist foods. Products and services delivered by Franchises, professional and 24-hour models to complete what makes up the Health and Fitness Industry.
If you have answered yes, I’m part of this industry, you already know the benefits of having a healthy body and mind and what it takes to achieve that. Regular routines, discipline, commitment and activities to build and maintain a stable level of fitness. That’s your daily regime! It takes time, skill and stamina!
And you need those attributes to deal with the behind-the-scenes demands. Running a Business comes with its own challenges and complexities, including, keeping up to date with Industry changes, trends while meeting your customers' needs and wants!
Staffing, Business Planning, Industrial Relations, Debtors, Creditors, Taxation, responsibilities and obligations, you are on a treadmill and thinking about it is enough to make you perspire! Don't forget compliance!
At the heart of your enterprise how comprehensive is your Business Plan. Is it a roadmap that directs you by clearly articulating your company goals, strategies and financial projections. Importantly, how to achieve your desired outcomes. Or are you left muddling thru the maze, lost in the business wilderness.
And how do you stand out from your competitors! Do you have a sound Marketing Strategy. A Plan designed to sell your brand, reach and engage your target audience, prospective buyers, by understanding their needs and wants. What is your USP?
Along with advertising initiatives, essential for any Business. Actively engaging social media platforms and other publicity mediums to promote and showcase your goods, services and wares!
Exhaustive isn’t it! There are so many facets and dimensions in operating a Business.
And when it comes to the Accounting circuit there are many stations. This is where the numbers and figures endurance test take staying power and the necessary skills to meet targets and goals. Business acumen is another skillset.
At Blackburn Accounting we are experienced, and ready to go the distance!
Just as your Lycra gear stretches and expands to fit our services are designed to suit any Business needs.
Our Team can provide the answers you need to run a successful Business that’s running at peak performance.
Call us if you want to:
- Increase Business efficiency
- Stay in compliance with tax laws
- Boost your revenue and profits
- have personalized service
Contact us today, book a ‘get your Business fit and healthy session’. Let us take care of the paperwork while you take care of your customers' activities.
‘Tis’ the Season to be jolly!’
And the chorus erupts, ‘fa, la, la ,la, la, la, la, la, la
And as we scamper to buy those last-minute presents, sort the lunch menu, check the table settings and ask who’s bringing the trifle,
behind the scenes are the less pleasant aspects of the ‘silly season’
Lurking are the scammers out shopping for their next victims! In our fast paced, digital world, fraudsters, hackers, and cybercriminals are active, ready to pounce on the unsuspecting.
Once again, we are being reminded to be alert to false communications. In private or work life, shopping, banking, Business activities, bookings, travel, nothing and no-one is out of scope for scammers!
The message is be wary!
Businesses are a target and need to protect their operations. Reports indicate there is a rise in remote access scam attempts where cybercriminals impersonate bank staff to gain access to systems. Scammers often claim to be from a bank's fraud unit, referring to an account compromise or similar, suggesting a need for urgency. You are prompted to provide important banking information. Respond and you’re scammed!
Others scams include:
- ‘Fake’ Online shopping sites - very popular during this festive season.
- Bulk email extortion – click, your parcel is ready to collect.
Memorable for all the right reasons!
Memorable because it effectively communicates a Company’s value proposition that achieves a competitive edge and the desired outcomes.
Simply put, a Marketing Strategy is a Company’s approach to promoting itself, its ‘brand’ to a target audience using a process that involves research, goal-setting and positioning.
If you are a small Business you may be asking yourself, pondering, what does this all mean, the cost, time and effort involved and how do I go about it.
Don't worry, whatever your Industry, or Business venture, if big or small, there are some basic principles to developing a 'winning' strategy.
Here is a Guide.
Firstly, let's look at the marketing mix also known as the 5 P’s of Marketing,
- Product – your product or service, design, features & benefits; branding & packing; service & warranty
- Price – what the customer pays; offers, discounts, price matching; credit, payment terms
- Place – locations of purchase, e.g. Instore; online; delivery arrangements
- People- customers; staff; Suppliers; Partners
- Promotion – the activities and methods used to raise awareness of your Business. How you promote can vary depending on the customers you want to reach.
Next, take action!
10 Tips for creating your ‘memorable’ Marketing Strategy:
- Create a unique value proposition: a USP is the reason customers buy from you and not your competitors. This is all about what makes you, your product, unique. Simply, what you, your Business do or provide differently, what you stand for and convey why it, you, deserves their custom. Proudly promote your brand.
- Know your audience: importantly, understand their needs and wants. Profiling will help your marketing efforts e.g. identify demographics, shopping behaviours, locations & lifestyles. (STP), Segmentation, Targeting and Positioning help craft more relevant, personalized messages to target audiences.
Where has the year gone! As December closes upon us, this is a common statement heard over coffee, in the lunchroom and at BBQ’s! And usually followed by asking ‘what have I done, accomplished or achieved’!
Next, there is silence, angst or critical analysis!
Rather than dwelling on or dismissing the topic why not turn it around with thoughtful reflection. Reflection is looking back, learning from past experiences, to review without regret or remorse, celebrating successes and going forward better informed and energized.
December is a good time too for small Business owners to reflect, review and reboot!
Keep reading for the 9 Questions of Reflection challenge!
Simply put, reflecting, auditing, planning and preparing based on the past year will set you up to find and enjoy fulfilment and success in the coming year.
- Reflect: press the pause button and reflect on what has transpired
- Review: Identify what worked and what didn’t. Were goals achieved; milestones met. Who, or what contributed to success or didn’t. Give thanks and recognition to those who have been with, your Team, Suppliers, friends.
- Reboot: re-charge your batteries, refresh and plan with renewed zest and energy.
Now, challenge yourself and ask the 9 Questions of Reflection:
Getting away, holidays, travel it’s easy for some, simply, plan, book, pack and go!
But what does it mean for Family Business owners. How do they take time off, get time away from the Business to take a much-needed holiday!
Who takes care of Business when you and family members are all away!
It's never easy, particularly if you are an enterprise that can’t simply shut up shop and head off.
And there never seems to be a right time to take a well-deserved break. Always needed, Family Business operators tend to be the Business, investing time, hardwork and their passion. Exhausting and consuming!
But evidence shows we all need time to get away, to recharge, re-energise and gain a fresh perspective. Owners like employees need work-life balance, with longevity and the health of self, Family members and the Business critical.
When and how to plan and take vacations will depend on circumstances.
For example, factors including, business structure, type of Industry and location are key considerations. Some Family and small Business owners may decide the Christmas or Easter periods are family value special times and choose to close shop.
This arrangement will be widely advertised in advance, with pre-orders taken and delivered to counter time-away. Importantly, customers are warmly acknowledged thanked for their patronage, present and future. Other operators may take their vacations during slow or off-peak periods.
If you are one of the other Family Businesses it might be a balance of getting away with some check-ins. Importantly it’s about planning what your ‘accessibility’ is or isn’t!
Getting away! How to make it happen?
Try these 9 Simple Steps
- Pre-Plan leave with Family and Staff
- Prepare your Team
Your Accounting Partner
Your Management Accounting Partner
Your Expansion Engineer
Your Special Projects Partner