Business governance might sound like the boring bit, but it’s one of the most important aspects of running a successful business. Without solid governance, how are you going to measure success? This includes regularly implementing the systems you put in place to ensure your business runs smoothly, meets its objectives and stays out of trouble.
Governance is about giving you the best chance to turn your business dreams into reality. It’s about creating a framework that helps you steer your business in the right direction, ensuring you’re on track to meet your goals.
Hire the expertise of a Business Governance Consultant
When you are working ‘in the business’ you often don’t have the time and energy to work ‘on the business’. Maybe you need the expertise of a Business Governance Consultant.
They take a fresh look at your organisation, your vision and your people. Anticipating challenges and showing you opportunities that you may not have previously thought about. They can provide expert insight and intelligent strategies to help you achieve your ambitions.
Why is business governance important?
Without clear governance, running your business can feel like navigating a ship in the middle of the ocean without a compass. You need structure with a way to measure your success. Without these, it’s difficult to know if you’re on the right path or drifting off course.
Business governance helps you build a solid framework for your business. This framework isn’t necessarily about complex computer systems, but rather about setting up standardised ways to track and measure performance. It helps you understand where things are going right, and where they’re falling short. Knowing this is crucial for long-term success.
As a Business Governance Consultant, I work closely with people to truly understand their business. Often, the most important insights are hidden beneath layers of expectations and assumptions. Getting to the heart of these issues can be a real eye-opener and can even help business owners rediscover their passion for what they do. That shift in mindset and engagement can lead to dramatic improvements.
Knowing what the goals of a business are, is an important first step as this will determine direction it needs to travel in. It also sets the tone for the measures that should be considered to ensure the desired goals are met.
Regular and honest exchanges on progress towards goals are required. Firstly, to check what is on track and what is not, but secondly to determine whether a goal is still relevant of not. It could be that a goal has been regularly exceeded and needs revision, or that it is no longer relevant for the desired goals. Either way, the intention is to keep the effort matching the requirements of the business.
If you struggle to find time to focus on business governance, you’re not alone. Many business owners have multiple demands on their time and find it tricky to balance all their roles. When you’re busy, it can be hard to think about anything non-operational, but you shouldn’t underestimate the importance of overseeing your business. Your decisions can affect future performance.
If any of this sounds familiar, it’s time to take action and hire some external help. Having an effective Business Governance Consultant will allow you to seize opportunities when they arise or identify problems quickly, so you can take effective corrective action. Governance also means getting expert advice on matters you don’t yet know enough about, plus support when making big decisions. Contact me today, and let’s get your business governance in place for a brighter future. I predominantly assist business owners with companies in Essex and east London but can work further afield.
The sooner you put good governance measures in place, the sooner you’ll see the benefits. You can add governance tasks as your business grows or changes and you need to start thinking more strategically.
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