PETER'S

SP Business

Edition #22

What a great time of year the festive season is

It’s a time when we think many good things about life.

Many decisions are made at this time of year some good and some not so good.

So hopefully all our decisions will be of the good type.

Many reflect on the year that has been and what a year we have had.

Never did we think we would face such challenges.

For many there have been very tough times, let us spare a thought for the many people who have been severely affected by the scourge of COVID-19 and maybe think about how we can help in some small way with the recovery in life and business they face.

There is a saying “if it is to be it is up to me “but don’t be restrained from seeking help if you feel the need. 

So, as we pass this season of good will can we say as we move into 2021 do so with some vision of the road ahead.

Sometimes it is good to write things down, have some form of plan in your life, career, and in business.

Merry Christmas and look forward to 2021.  

 - Peter Nelson

"So, this is Christmas. What have you done?"

Edition #21

"Another year over, a new one just begun“ (A song by John Lennon released in 1971).

As we move to the end of the calendar year, many reflect on what they have done.

 

Whether it is business or personal, this time of year can be very busy as many try to organise things before Christmas.

Over this Covid-19 year, we've had many disruptions to our lives and we have made changes to cope with these challenges.

It has given us time to think on what we have done and hopefully what we will do in the future.

Will it be different?

A good quick read on change is “Who moved my Cheese“ by Dr Spencer Johnson. This little book can enlighten your thoughts on coping with change and can be an excellent gift for someone.

This time of the year should be an enjoyable one. 

Maybe take time to hum or sing “So this is Christmas“.

- Peter Nelson

Are you ready for the unexpected?

Edition #20

Recently at home we had to treat a small kitchen burn. After a bit of searching, we found something stashed away in the bathroom cupboard.

It occurred to me then that we should have some form of household first aid kit that is kept up to date so we are ready if the need arises.

That brings me to our discussion today.

You know when the authorities give out messages about bush fires and being “fire“ ready as the fire comes bursting over the hill?

We should have a bag packed and a plan to leave if we have to at short notice.

So how many of us are ready for the unexpected?

If we have the bag packed we hope we never have to use it but it is ready just in case of emergency.

One item that we tend to overlook is insurance.

It is usually when an emergency occurs that we start looking at our own insurance policy. 

Many of us do not pay enough attention to our life insurance, income protection and private health insurance. In many cases, they are considered something that is an optional expense and only of value when we claim.

At the risk of sounding like a plug for the insurance industry these may be worth a look to be ready for the unexpected.

There are plenty of other items that can be considered so maybe making a list could be a good starter. 

- Peter Nelson

Valuable Asset

Edition #19

I have been observing the comments of the unemployment rate that is people out of work. It is quite distressing that many have lost their jobs during this pandemic and there is uncertainty when jobs may become available again.

To me, your employees are your most valuable asset. They produce what your business does, be it the largest manufacturer or smallest coffee shop. They produce your business income and your business future.

 

Some businesses may have lost valuable employees. Your employees are a business partner to your business and can greatly assist your business success.Yet they can be your greatest business worry

 

The pundits are telling us that the young employee will/may have multiple jobs during their lifetime

So you just have them trained and they may move on. Well this may be a fact of business and best we have plans in place to deal with this if and when it occurs.

This fact of business and should be part of your business plan as your business will always need people ,both employees and customers  Maybe what shall emerge from this current circumstance will be a new breed of employee  your new business partner. Look for them if you need them.  

- Peter Nelson

Light Reading

Edition #18

I have recently been re-reading a well-known Business Book, “The 7 Habits of Highly Effective People” by Steven Covey. The cover of this book (I have had it for some time), says 15 million copies sold so there is a few out there.

It takes a bit to get into, but once you start, the intrigue of what’s in it for me, tends to take over and on we read. Covey also makes the point that this is a book you may well have to re-read if you are going to take his philosophy seriously and make some changes to how you operate in life.

Without giving too much away, the habits are generally the usual like getting organised and following some planning in your life and things will go much better. It is about creating good habits and this book has enough worldwide recognition to make you take the ideas promoted somewhat seriously.

When I have attended many Business Seminars over the years, the name of this book and another book I also re-read regularly “The E-Myth” by Michael Gerber, come up.

 

Sounds like a good plug for these books but they have some worthwhile credentials if you are in for a bit of a read. In a time when we may have a bit more time on our hands, sit and read a Business empowering book with a coffee, of course.

- Peter Nelson

A NEW FINANCIAL YEAR IS HERE

Edition #17

 

Recently, the bank contacted a client and advised that their annual review is due soon and if they could get an array of information to assist this review taking place. Banks are wonderful places as they provide us with loans for our business to use, operate and expand our business but there are usually a few rules of play.

An old adage, “He who has the gold makes the rules” and this is pretty true. The banking and financial services Royal Commission of 2017/2019 led to a raft of changes in how these industries operated and conducted their affairs. Over the years banking has changed. Gone are the days when the bank manager lived in the town and you knew him or her personally. The bank manager could make decisions to some degree and there was not a lot of ongoing requirements.

Now you have a “Relationship Manager” who communicates with you about your business affairs. On occasions, the “Relationship Manager” changes and you need to assist the new “Relationship Manager to learn about our business operations and needs.

If you need money, the “Relationship Manager” collects the information and submits it to “credit“ who assesses whether you can have the funds or not. You wait for “credit” to respond. We often wonder who and where this mysterious “credit“ is and what does “credit” know about your Business.

But “He who has the gold makes the rules“ and we just need to play by the rules even though we may not totally agree with them. Who knows, some of the rules may make us think more about our Business success.

- Peter Nelson

SP Business

Edition #23

Welcome to the New Year! It is a time of year when some have a think about what they are doing in life. Some make big decisions so just go with the flow but we can all improve. The resolutions are made - some kept, some not. 2020 was the year we maybe didn’t want but the fact is what happened has happened. We can only deal with the present and to some degree the future.

So what about YOU. Are you happy with YOU and what you are a doing?

Don’t spring to attention and make radical changes. Put some time aside to think about what you might be able to do to improve you and where you are in life.

You only get one of these (that’s life ) so you had better make the most of it .

Good luck and good fortune for 2021 and beyond .

 

“Today is the first day of the rest of your life “

 - Peter Nelson

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