How does True Advisory® enable Recovery?

Most business owners experience a nasty setback at some point in their careers.  

Sometimes it feels terminal and they take early retirement with a low pension.  

Others return to salaried employment convinced that being an entrepreneur is not for them. And both never recover emotionally. 

This blog is aimed at those who want to rise again but need ideas and support to make it happen.  

Think about it this way, the experience of getting it wrong is invaluable, so it’s a terrible waste of the knowledge gained to quit.  

Not only does the fightback add even more invaluable experience but the self-esteem thus recovered is life confirming. 

An interesting cultural insight is that whilst UK lenders and investors condemn failure and back away from further involvement, in the US, they regard it as an essential rite of passage.  

It’s no accident that the world’s most successful businesses are to be found there. They respect and value the lessons learned from failure. 

So, let’s look at what to do. 

Actually, the journey back to success happens much faster than the original journey took to reach disaster.  

Because armed with first hand knowledge of what does and doesn’t work decisions are smarter, quicker, and made with confidence.  

The key is to reconnect honestly with clients, staff and suppliers. And in a B2B market they understand, empathise and will admire the commitment to try again and get it right this time. 

The Runagood Recovery Programme sets out how to do it and provides practical methods and support.  

Interestingly the strategies are similar to those in our Business Growth Programme. Which makes sense doesn’t it?  

By establishing sound People management, Operational controls, Efficient Systems, Financial security and effective Market communication, an accountancy firm can create a business rather than a practice second time around, emerging the stronger for it. 

And the owner gains the option to retain the best clients for advisory work as their NEFD and be there for M&A fees when they too are ready to sell.  

Any accountant can do it. Just taking time, brick by brick, along the Yellow Brick Road to True Advisory® City.  

So, how long?  

Expect 3 years of 1-2 hours per week…  

Next step: to explore that and discuss how and whether it could work for you, call me…