How to determine if your business is ready for change

[ PROJECT 'it' Step 3 - Are you ready for 'it'? ]
by John Knight Published

A few weeks ago we launched PROJECT ‘it’ – an 8 step cycle to help you make ‘it’ happen within your business. As we touched on in Step 1, your ‘it’ doesn’t have to be a big bold business model, it could simply be an idea or small change you need to make to get the active growth you’re desiring.

In step 2 we shared with you some tips to help you answer the question, “Why do you want ‘it’?” This step is all about taking a deeper dive into your business, and taking some time for internal reflection.

Now, let’s move onto Step 3 of PROJECT ‘it’ … “Are you ready for ‘it’?” Is your business ready for the change? 

Being change ready is a critical step in the process – it can be the difference between success and failure of your strategy. 

5 QUESTIONS TO ASK TO DETERMINE IF YOUR BUSINESS IS CHANGE READY

[These tips come to you courtesy of research undertaken by Dr Chris Mason of Mindshop]

1. DO YOU HAVE LEADERSHIP SUPPORT?

The last thing you need when implementing a new strategy is a leader within the business undermining the process.  You need all leaders behind your ‘it’ 100% - both in mind and body.

2. DOES YOUR TEAM AGREE CHANGE IS NEEDED?

You need to determine if the people behind your business believe in the change you need to make to achieve your ‘it’. Engage with your team and collaborate to ensure change is required.

3. DOES YOUR TEAM AGREE WITH THE CHANGE PROCESS?

Do the individuals involved in the change process agree that the methodology used to determine the required change is appropriate?  Remember, you’ve spent countless hours putting together how you are going to implement the proposed changes. This may mean you are convinced of the effectiveness of the methodology but what do your staff and management team think. 

4. DOES YOUR TEAM HAVE CONFIDENCE IN THEIR ABILITY?

Determine if you and your team have the confidence in their abilities to follow the processes needed to bring your ‘it’ forward and to make ‘it’ happen. Some people don’t like change so you need to inject confidence in your team to show them you have the capability and capacity to make your ‘it’ happen.

5. WIIFM [WHAT’S IN IT FOR ME?]

Every business needs a What’s In It For Me … So if the change is effective, will it benefit each and every person involved in implementing the change? Highlight individual benefits to your team as well as the benefits of the overall business.

[Change Success Model courtesy of Chris Mason of Mindshop.  For more information on Chris’ Change Success Model and specifically on change readiness visit http://vimeo.com/105929030]

Asking and answering these 5 simple questions will enable you to answer the overall question ... “Are you ready for ‘it’?”, and prepare you and your team for the change that needs to be made within your business to make ‘it’ happen.

The next step in PROJECT ‘it’ is Step 4 – Do you really want ‘it’?. In this step we’ll share with you some tools and tips to help validate your business model, concept or idea before moving into exploring the tools available to make ‘it’ happen.

To stay in the loop and receive all the latest tips, tips and resources, simply subscribe at businessdepot.com.au/subscribe, and you’ll receive everything you need to #MAKEITHAPPEN within your business directly to your inbox. We’re always happy to chat further so if you have any questions or need help to #MAKEITHAPPEN in your business feel free to call any of our friendly team members on 07 3193 3000.

John Knight
read more by John Knight

John uses his business improvement and strategic planning skills to help his clients improve their position and boost their profits. John helps his broad client base with his unique business improvement services, strategic planning skills and wealth of knowledge on compliance matters.

Further to his business improvement offering, John provides company and business valuations for various purposes including company purchase/ sale, entity reorganisation and matrimonial or dispute resolution.

John is an expert in all things real estate and has built a reputation in the industry for being far more than just an accountant. He also has an in depth knowledge of the Dental sector and works closely with dentists and dental practices to streamline their accounting processes.

[ Never miss a Tool, Tip, Resource or Event ]

Join the businessDEPOT community and get the latest advice
and insight directly to your inbox.

Tax

Get All Zen With Your Tax

Get In Touch

insights

[ We help businesses and individuals of all shapes and sizes, and provide insight based on our extensive experience. ]

[ About ]

[ businessDEPOT is driven by a team of plain-talking, energetic and proactive people, and we believe in a fresh approach to providing advice and accounting services. ]