One of the things I’ve noticed is that small business confidence can be significantly affected by shifts in the political landscape. The knock-on effect of this is that business momentum can be lost by worrying about the potential changes in the economy.

My own personal mindset is that I know that my business was here yesterday, it’s here today and I know it will be here tomorrow

My advice to all small business owners is to not get too distracted by changes that you going on around you. Have the confidence to make the decisions that are right for your business.

One of the keys to managing this process effectively is to have a plan. Setting goals for your business and remaining focused on achieving those goals is one of the smartest ways to overcome external distractions.

Of course, it’s prudent to keep an eye on how things are tracking within your own sector and be responsive to changes that have the potential to derail your own business goals but becoming too focused on the ‘macro’ picture generally doesn’t pay dividends.

So, in short, make sure that you are running your own race, stay focused on your own business and the rest will fall into place.

For more quick tips to help your small business, be sure to check out Taggart Tips by clicking here.

 

If you need any advice specific to your personal circumstances, please don’t hesitate to give me a call on 07 3391 1188 or email: info@taggartandpartners.com.au

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