215 million reasons to regularly check the ‘health status’ of your business
In 2022 the Financial Conduct Authority issued fines in excess of £215 million to businesses large and small for breaches of their rules and regulations.
So why is this important? In recent times the regulator has been very active in supporting the introduction of a shift in data protection governance with GDPR and this month (July 2023) sees the introduction of ‘Consumer Duty’ which the regulator has launched.
The speed of change and update with which the regulator operates means that stopping on a regular basis and asking yourself ‘just how healthy is my business?’ must become a vital part of your long-term business strategy.
What’s your time worth?
Are you maximising the value of your time? Or, like a lot of people, are there simply not enough hours in the day and you spend many of them chasing your tail, doing things that aren’t serving you or your business as well as they could?
If this sounds like you in your role as an insurance broker and business owner, it’s time to take control otherwise you might find your business stagnating.
How to get away on holiday and keep your business moving…
I don’t know about you but I love holidays. For me going there’s nothing else that compares to travelling somewhere different, experiencing a new culture, having a break from routine and enjoying the food and drink that different countries offer. But it’s not always easy getting away at any time of the year and keeping your business running smoothly whilst you’re gone.
How can you grow your business and have time to enjoy life?
When you first start running your own business you have to become a bit of a ‘jack of all trades’. You’re the sales team, marketing department, finance bod, operations manager, compliance, admin…the list goes on. This can be great at the start, it really enables you to build and mould your business in the way that you want to make it yours.