Auckland Small Business Help

Small Business Stress

Many business owners are subject to business stress at some point through their business career. Stress can be challenging especially in the present business and world economic times, but there can be a number of other challenges that can impact on the business such as:

• Debtors not paying
• Staff issues
• Cash Flow challenges
• Creditors
• Business partners
• Spouses
• Asset repairs
• Client degradation
• Family
• Economic pressure
• Supply chain constraints

These all culminate to put stress on to the business owners that can cause calamities at times.

Signs of physical stress:

• Lack of sleep
• Reduction in food
• Relationship conflicts
• Irritability
• Head aches
• Back pain
• Chest pain
• High blood pressure
• Heart disease
• Heart palpitations
• Decreased immunity
• Stomach upsets
• Anxiety
• Restlessness
• Worrying
• Depression
• Anger
• Insecurity
• Lack of Focus
• Forgetfulness
• Social withdrawal
• Drug and alcohol abuse

Business Consultants see these symptoms on a regular basis and attempt to ensure that the environment can be changed constructively and not destructively on the business.

Change management processes and procedures assist the management and administration of the business to mitigate the risks with quality turnaround management processes.

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Auckland Small Business Help

Auckland Business Turnaround Management

What is Turnaround Management ?

Turnaround Management Involves the formulation and implementation of a strategic plan and a set of actions for business renewal and restructuring.

It involves the identification of the major issues causing the problems and a structured plan for overcoming or mitigating the issues.

Then it becomes a role of the management of the implementation of the plan until such time as the issues no longer exist or the business is so profitable that they become insignificant.

Causes of Stress

• Acts of God
• Poor Vision and understanding of the Market
• Poor Strategies
• Poor business Model and Execution
• Lack of expertise, experience or education, weak management
• Market circumstances, weak economy
• Business economical reasons, earning crisis
• Management level arguments
• Fraud, insufficient financial controls
• Overly optimistic sales projections
• Financing problems, liquidity crisis, excessive debt burden, under capitalisation
• Operating cost levels too high
• Very strong, successful competitor
• Insufficient Resources, underinvestment

The solutions to these issues will depend upon the individual business and business owners.

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Auckland Small Business Help