Being a Managing Director can seem very lonely. No one to share your problems with at an equal level; you may feel you don’t really understand how the business is doing or don’t understand what to do next. You feel stressed and not valued.
Often the answer is to slog on alone as you are the boss, but then nothing seems to change. Stress levels increase.
The answer is to know you’ve got someone to talk to about your problems. Someone who can offer many years of experience in running real businesses. Your own right hand man. Someone you can share your problems with and so get answers.
James had a great team behind him, he felt the current business performance was a financial success but the financial position of the Company was plagued by historical debt which their foreign business owners demanded they repaid and a large but uncertain legal claim. The legacy of the debt and the legal claim muddied the current business performance with their owners insisting that they weren’t in fact making any money……the relationship with the foreign business owner was fraught. Mentoring discussions helped share the stress and revealed a plan of action which was subsequently put in place to remove the stress.
Nick was unhappy; business performance seemed to be declining and running the business was no longer fun. Nick decided that the business no longer delivered a good enough service level; maybe they were in the wrong market? Nick decided to close the business. We, acting as a mentor, helped him to think through the issues and come up with an action plan to wind everything up.
Mark sometimes feels alone despite having his team around him and enjoys a very regular catch up meeting to help him sort out his next steps. This has helped him to get focus on the massive recent changes within the business.
Each of James, Nick and Mark were feeling stressed in their work as Managing Director and found through our mentoring service, that they can find a solution to their problems.
So how can we help? As well as saving tax, time and worry, we work with business leaders to help them grow their business in the way they want. One way we do this, is through meeting with business leaders on a regular basis and acting as a business mentor, someone to talk to, share problems and consequently come up with concrete actions to sort out those problems.
Contact Jan on 07890 239442 or 01924 254802