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Business is fun

Stormy weather

When you first engage a financial advisor as distinct from an accountant, one of the topics of conversation is about your attitude to the risk profile of your preferred investments. And you will have this conversation more than once during that relationship. I almost wonder if I should have that conversation with my clients because there are times when the approach they take to getting receipts for things is high risk. But enough about that, I'll tackle that with those concerned.

Business is not a risk free zone at the best of times. Simply doing business on credit can be risky these days even with a credit check, and then where do you sit in the supply chain? You need to remember that it's not only your customer you have to think about, it's also their customers or their other suppliers. Of course YOU can't do anything about those people but how much interest do you take in them so you are better prepared?

Cartoon #3911 - 'And later in the day winds gusting in from the west for those of you looking to throw some caution.'

While I'm sure that no one reading this is casual about their business, there is really no substitute for a proper look at what you do or what your environment is doing. It's all too easy to say "Of course I know about my business, of course I care about my business" but if you haven't carried out a proper formal check up recently or in the last year then I'm not sure that you do!

I always find that when you write things down it usually reveals much more than you think. So make a resolution today - do a SWOT & STEEPLE analysis by the time you stop for Christmas so you can enjoy the festive season.

At least then if it gets windy (other than because of the brussel sprouts), you won't be tempted...

JohnF

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