Channel Eye
NatWest
  • Home
  • Business
    • Appointments
    • Data Protection
    • Digital & Technology
    • Environment
    • Features
    • Finance
    • Interviews & Profiles
    • Leadership
    • Legal & Professional Services
    • People
    • Property
    • Retail & Hospitality
    • Transport
    • Wellbeing
  • Lifestyle
    • Arts & Culture
    • Charity & Community
    • Food & Drink
    • Health
    • Home
    • Music
    • Leisure
    • Travel
  • Events
    • Events in Jersey
    • Events in Guernsey
    • Events in Alderney
    • Events in Isle of Man
    • Virtual events
    • All events
    • Past Events
  • Directory
  • Location
    • Jersey
    • Guernsey
    • Alderney
    • Isle of Man
  • Advertise
  • Subscribe
No Result
View All Result
Channel Eye
No Result
View All Result
NatWest
Home Business Leadership

Ask the Business Coach: If you could go back 18 months and give yourself business advice, what would it be?

August 18, 2021
in Business, Features, Guernsey, Isle of Man, Jersey, Leadership
Share on LinkedInTwitterFacebookEmail

Channel Eye has joined forces with Royston Guest, leading Business Growth Coach and CEO/Founder of Pathways Global, in our column, ‘Ask the Business Coach’

Business Growth Pathways logoWe are living at the moment in history when a large number of different trends are all working together to generate more change than we’ve ever experienced before.

We cannot just continue with business as usual.  And we can’t wait for things to “go back to normal”.  It just isn’t going to happen.

An era of change such as this brings both threats and opportunities.  The threat is that as the rules of success and failure are redefined, your business fails to keep up and becomes outdated, especially when the rate of change outside your business exceeds the rate of change inside. But there are opportunities too. And one opportunity is to reflect on what you would do differently if you knew what was on the horizon 18 months ago.

The big three takeaways!

  1. Cash is king.
  2. Build a reservoir of cash reserves.
  3. Apply the cash reserves principle to your personal finances as well as your business finances.

Episode timestamps

  • [0.20] Great questions received to date, which have covered the notion of growth, employee engagement, service experience and how to set yourself up for success.
  • [2.30] The pandemic has shone the light on those businesses who have no reserves, who are living hand to mouth, and who have no plans to fund the unforeseen.
  • [3.44] Every business owner should aim for between 3- 6mths of reserves, i.e. the amount of money you have available to cover your monthly overheads (bills, salaries, debtors, expenses) if you have no sales comings in.
  • [4.20] The principle of reserves applies equally to your personal finances as well as your business finances.

Do you have a question for the Business Coach?

Send your questions to askthebusinesscoach@channeleye.media


Missed a previous episode? Catch-up and watch the series here.

Tags: #AskTheBusinessCoachGrowth Pathways
ShareTweetShareSend
Royston Guest

Royston Guest

Click here to see all of Royston's articles and here to find out more about Royston and Pathways Global

Related Posts

Ask the business coac
Leadership

Ask the Business Coach: What is the number one metric for measuring an effective people strategy?

March 15, 2023
Ask the business coach Episode 55
Leadership

Ask the Business Coach: Is the annual performance process or PDR outdated and ineffective?

March 1, 2023
Ask the business coach Episode 54
Leadership

Ask the Business Coach: We are doing our business planning for next year, where should we start?

December 28, 2022
Next Post
James Smith

Guernsey expert elected to Co-Chair UK Cannabis Industry Council

NatWest
Channel Eye Sales
Channel Eye subscribe

Subscribe to our newsletter

Get the latest, no-nonsense, essential news and information direct to your inbox.
  • Home
  • Business
  • Lifestyle
  • Events
  • Directory
  • Privacy Policy
  • Contact
  • Advertise
  • Subscribe

© 2023 Channel Eye Limited

No Result
View All Result
  • Home
  • Business
    • Appointments
    • Data Protection
    • Digital & Technology
    • Environment
    • Features
    • Finance
    • Interviews & Profiles
    • Leadership
    • Legal & Professional Services
    • People
    • Property
    • Retail & Hospitality
    • Transport
    • Wellbeing
  • Lifestyle
    • Arts & Culture
    • Charity & Community
      • Macmillan
    • Food & Drink
    • Health
    • Home
    • Music
    • Leisure
    • Travel
  • Events
    • Events in Jersey
    • Events in Guernsey
    • Events in Alderney
    • Events in Isle of Man
    • Virtual events
    • All Events
    • Past Events
  • Directory
  • Location
    • Jersey
    • Guernsey
    • Alderney
    • Isle of Man
  • Advertise
  • Subscribe
  • Contact

© 2023 Channel Eye Limited

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.