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Business ownership isn't easy It isn't for everyone Talk to other owners inside and outside of your industry Get their lessons learned Surround yourself with the right people who can help you develop a solid plan, guide you in the process and ensure success #agency #support

New research from American Express shows that a staggering 94% of small business owners agree that supporting fellow entrepreneurs is crucial, while more than half (54%) say their networks have directly helped them unlock new business opportunities #agency #growth #networks

To grown your business, start by understanding your unique strengths Then build a board of trusted advisors who complement your talents and can offer guidance Focus on what you’re naturally gifted at and surround yourself with people who fill your gaps #agency #growth #support

"What hasn’t changed – and won’t change – are the foundational duties and expectations of directors. Directors must still act in good faith, in the best interests of the company, for a proper purpose and with due care and diligence" Blog: bit.ly/3DiuPwD #directors

Establishing a unique value proposition through products or services distinguishes a business from its competition, allowing premium pricing to be commanded and better profit margins to be achieved #agency #USP #pricing #profit

Dedicating time for thorough preparation can significantly strengthen your story by proactively pinpointing and addressing potential areas of weakness It is advisable to consider engaging partners for due diligence, both financial and commercial, before any exit process begins

31 May – Deadline for issuing P60 forms Today is the last date for all SMEs to issue their employees with P60s, either on paper or electronically #compliance #P60

Technical skills alone are insufficient for building high-performing teams Employees with an ownership mindset take initiative, act in the best interest of the business, treat challenges as their own to solve and care deeply about outcomes #mindset #outcomes

Plan ahead for your Fundraising Ben Davies Praetura Ventures •

MAP Room Briefing - Adam Downes Also available in video youtu.be/eNGsNxMpjGY?si… via YouTube

A business budget isn’t a static document—it’s a living tool that requires regular attention. By making budget reviews a routine part of your operations, you can adapt to changes, seize opportunities, and maintain control over your financial future Blog: bit.ly/4jyvWHD

Hands up those of us who keep old spices in the back of your cupboard, thinking that one day you might use them? But then every time you see them, they feel like clutter! The same thing happens with mental space in business Free up your mental cupboard #agency #mind

Fundraising - Treat it like a sales pipeline Ben Davies Praetura Ventures • For the full episode, see : youtu.be/LKuaEsCBfjI

In the latest MAP Room Briefing we discuss how many Agency Owners have so much of their value tied up in the single asset of their business, and what can you do to de-risk yourself by creating and ringfencing some value through the ownership journey open.spotify.com/episode/3GNVlZ…

"Happiness as a business owner isn’t about grinding harder—it’s about being intentional. It’s about knowing when to delegate, how to develop people instead of just fixing problems, and creating space for clarity and focus" #agency #happiness

"What do you want to do with your goals? What does that look like? But when you really think about it, what's the thing that's really important to you?" Adam Downes in The MAP Room Link: open.spotify.com/episode/3GNVlZ…