FAQ

Yes. Our content and discussions are focused on the assumption of you being a business owner.

We are less concerned about the type of business you are in, rather, we will need to focus on how ready you are as a business owner to action what you learn. If you are stubborn, unwilling to consider change, don’t intend to put into practice any of what is covered in BIG, then this is not the place for you.

Absolutely, in fact, we prefer you to come along for free to ensure that BIG is definitely for you.

Yes, any legal business is able to apply. Applications are processed after a meeting with you to ensure that the mutual fit is good and that we are convinced that you will benefit from the programme. We also reserve category exclusivity per group. We need to ensure we have a safe environment, especially during BoardRoom meetings, where confidential matters can be discussed.

That is up to you. We have a 1-month notice period should you decide to leave. BIG is not a short term programme, and we would encourage you to consider 6-months as the minimum duration, however, many members have been active for years. The reality is that the only time you actually stop working on your business is after you have sold it.

When you are operating in our businesses, at times it feels like we are in a constant cyclone. We have so many demands and so much on the go, yet our forward progression is not what it should be. This is normal, as in, most business owners experience this effect. The antidote to this state is knowing with absolute clarity what you should be working on and when. The preparedness Survey starts to identify the potential opportunities for where you should be focusing your attention and energy. We often use the results from this survey in our first meeting to better understand your business.

 We live in a competitive world. It’s highly unlikely that what you offer is truly unique, as a result, we often have to compete on price. A business strategy is a living document and common understanding within the business, of how the business is going to differentiate itself and most importantly, how this differentiation is going to add value both to the customer and the business itself. Developing your strategy does take time and if you have staff then you really want to involve them all in the strategy development process.

Developing your Business Strategy should be considered early on when considering any business improvement options.

Our use and definition of business planning differ to many. Traditional business plans are lengthy documents that incorporate much of business strategy and also some action or intended ‘to-do’ items. At BIG, our intention is more focused in that Business Planning is about the perpetual implementation of the business strategy. The most effective way to do this is through cyclical 90-day plans and monthly sprint challenges. If you have staff then they all get involved in the planning, right down to your weekly progress and accountability team meetings.

Some business types benefit enormously by understanding and optimising every process step in the business, think of KFC or Mcdonald’s. But most businesses are not like this. Most businesses are more dynamic and offer a wider selection of products or services. But ALL business benefit from learning from experience and ingraining this learning into the business.

The definition of insanity is doing the same thing over and over and expecting different results. – Albert Einstein

Yes and No. Your accountant is trained to the financial regulations of the country they operate in, so too is your Xero or MYOB. All of these accounting practices are designed to ensure that you can measure your basic financial performance and to determine your exact tax compliances. Management-based financial reporting is different in that we are more interested in understanding True Profitability, as well as ensuring that the reporting is simple enough so that non-accounting people fully understand them. Developing financial literacy with everyone in your business is the goal. After all, unless everyone knows how what they do directly affects the bottom-line performance, then how would you expect them to directly and positively influence company profitability?