Precessional Effect Limited

𝐍𝐨 𝐁𝐥𝐢𝐧𝐝 𝐒𝐩𝐨𝐭𝐬 𝐎𝐜𝐭𝐨𝐛𝐞𝐫 𝐈𝐬𝐬𝐮𝐞 𝐢𝐬 𝐧𝐨𝐰 𝐥𝐢𝐯𝐞! Delighted to announce the October issue of No Blind Spots is now live. As we move further into Q4, it’s the perfect moment to fine-tune your strategies and push toward a strong finish for the year. In this issue we delve into: 🎯 Why you should be measuring how often you are interrupted 🎯 How to stop your greatest strength from becoming your biggest weakness 🎯 Can the Pareto Principle save you hours of wasted time? 🎯 Our podcast recommendation of the month 🎯 The importance of knowing your working capital 🎯 How to discover where your business is right now Explore the full newsletter here. Hope you find it an insightful and enjoyable read! hashtag #noblindspots #businessowner #businessgrowth #newsletter https://lnkd.in/eRzBM2zi

𝐀𝐫𝐞 𝐲𝐨𝐮 𝐜𝐥𝐞𝐚𝐫 𝐚𝐛𝐨𝐮𝐭 𝐲𝐨𝐮𝐫 𝐜𝐚𝐬𝐡𝐟𝐥𝐨𝐰? 💰 It’s a subject I've been focusing on this month. An important topic, which I find many business owners often need clarity on. It’s the fuel in the tank of your business. 🚗 Essential to propel you forward, so it’s important you don’t run out! ⛽ It’s important to differentiate this from just cash ‘collection.’ 💡 There are 4 main cash sources: 1️⃣ Income generated by the business (sales) 2️⃣ Borrowed Cash such as bank loans 3️⃣ Sale of Assets 4️⃣ Capital Injection (including leaving profit in versus taking dividends) Plus, there are 5 main cash drains: 1️⃣ General Expenses/Overheads (including taxes) 2️⃣ Costs directly associated with delivering a service 3️⃣ Purchase of Fixed Assets 4️⃣ Loan Repayment 5️⃣ Owners' Drawings Forecasting your expected bank account in future months based on forecasting these gives your CASHFLOW FORECAST. 📊 If cash is the fuel gauge, combined with your Key Performance Indicators (KPIs), you have the whole dashboard. Without the dashboard, it’s like driving whilst looking in the rear-view mirror alone. Difficult to know whether to speed up, or if you have enough fuel or you are headed for a tree… 💥 Looking backwards is usually simple enough for my clients. Cash flow forecasting and KPIs – looking forward is harder! 🔮 Do you cashflow forecast? If you need help, do feel free to message me. #noblindspots #cashflow #businessowner #businessgrowth

𝐍𝐨 𝐁𝐥𝐢𝐧𝐝 𝐒𝐩𝐨𝐭𝐬 - 𝐀𝐜𝐜𝐞𝐥𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐘𝐨𝐮𝐫 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 Why blind spots? All of us business owners are slowed down by blind spots…things we weren’t aware of, things we don’t know that we don’t know, or only realise when it’s too late!  In this issue we're looking at: Why you should transform your business into a valuable asset...and how – no extra effort required! #noblindspots #businessvalue #businessgrowth

𝐍𝐨 𝐁𝐥𝐢𝐧𝐝 𝐒𝐩𝐨𝐭𝐬 - 𝐘𝐨𝐮𝐫 𝐌𝐨𝐧𝐭𝐡𝐥𝐲 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐀𝐜𝐜𝐞𝐥𝐞𝐫𝐚𝐭𝐨𝐫    This month’s topic is 𝐌𝐢𝐧𝐝𝐬𝐞𝐭 𝐌𝐚𝐬𝐭𝐞𝐫𝐲 𝐚𝐧𝐝 𝐃𝐞𝐜𝐢𝐬𝐢𝐨𝐧-𝐌𝐚𝐤𝐢𝐧𝐠 𝐟𝐨𝐫 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐁𝐫𝐢𝐥𝐥𝐢𝐚𝐧𝐜𝐞. ✨ 🚀     In the dynamic landscape of business and entrepreneurship, it's not just about strategies and numbers; it's about cultivating a mindset that sets the stage for triumph. 🌱 So read on to discover ways to transform your thinking and elevate your profits. 💡 📈     #noblindspots #businessowner #entrepreneur #mindset #businessgrowth 

No Blind Spots - Your Monthly Business Accelerator. This month’s topic is FREEDOM. Freedom to live the life you want, freedom to work fewer hours, and the financial freedom of creating a business which runs without you. #noblindspots #BuildValue #BusinessOwner #Entrepreneur #ExitPlanning

𝐃𝐨 𝐲𝐨𝐮 𝐛𝐢𝐥𝐥 𝐛𝐲 𝐭𝐡𝐞 𝐡𝐨𝐮𝐫? 𝐀𝐫𝐞 𝐲𝐨𝐮 𝐦𝐚𝐤𝐢𝐧𝐠 𝐭𝐡𝐞 𝐦𝐢𝐬𝐭𝐚𝐤𝐞 𝐨𝐟 𝐬𝐞𝐥𝐥𝐢𝐧𝐠 𝐲𝐨𝐮𝐫 𝐭𝐢𝐦𝐞?💵 ⏱ ⚠        Stop! 🛑 If you bill by the hour or day, it means customers are renting your time rather than buying a result, leading to a business model which lacks leverage. If you’re looking to grow your business, you need to either work harder or hire more people.        Potential investors will always look for growth potential in a company, simply put... how fast they could grow your business. 🌱 🚀 So, if you sell your time, no matter how much it is worth, there will always be a cap imposed – your income will be limited by time. ⏱ 💵       Does this hit home? Is selling time hindering your Growth Potential? 📉 If you aspire to build a more valuable company, it's time to rethink your strategy. There are many ways to address this. Reach out if you want to find out more about how to stop selling time and start selling value. 📈       Please share your success stories or challenges in transitioning away from selling your own time. Your insights may inspire others!        #noblindspots #businessowner #entrepreneur #preptosell #businessvalue