3 warning signs that your business is headed towards liquidation

3 warning signs that your business is headed towards liquidation

3 warning signs that your business is headed towards liquidation

May 19, 2022

Warning signs that your business is headed towards liqudation

It is an unfortunate fact that not every business is going to fly. In fact, according to statistics, 90% of businesses fail, so it’s far more common than you think.

If you recognize that you have a cash flow problem early, you have more options. However, some entrepreneurs tend to cling to hope, especially during the pandemic when Government support has been pouring out over the past 12 months, extending the lives of many businesses. Unfortunately, this can mean you are headed towards insolvency if you continue to wait around.

In the best-case scenario, you go into administration, meaning that an administrator takes over and finds a new buyer to take over the business. There will be new owners that can steer the ship out of the storm and into calmer waters.

If a new buyer can’t be found, you may find yourself going into liquidation, which is a formal business closure.

Signs that your business is headed toward liquidation

Below we have broken down 3 other warning signs that you could be headed in this direction.

There isn’t a market for your products or services anymore

Sometimes, new products come along that make older products redundant. Think about how movie streaming services led to the demise of Blockbuster, or how the rise of music streaming means that few people still listen to records and CDs. 42% of respondents in a Forbes survey stated that the “lack of a market need for their product” was the single biggest reason for their failure.

This can be a reason why administrators may not find a new buyer as they may recognize this and search for a more profitable business to take over.

Issues with your customers or clients

There are a couple of issues that may crop up that can ring alarm bells. The first is that one of your largest or repeat customers may themselves be going through an insolvency process, meaning they can no longer afford your services. Unless you find someone to fill their space quickly, you may struggle with revenue yourself.

Or, your core clients could have gone to competitors for various reasons – perhaps they offer cheaper services, more varied services, or other reasons. Essentially, losing any big clients can damage your cash flow, which is why it’s important to seriously consider what you can do to keep customer retention high.

Late payments or unexpected bills

This can also be a reason you fall into liquidation. It may be that you have clients who consistently pay invoices late or that you have debtors to your business who have overdue payments. This will affect your projections and mean you may have a month, or even several months in a row, where you are not making as much as expected due to gaps in your profit.

It may also turn out that you have unexpected bills sprung upon you – perhaps you pay an annual fee for a service or membership that you forgot to note down and would be too late to cancel. This can come as a shock and put you in a tricky situation, especially if it is a hefty fee.

Conclusion

The earlier you can step in when facing cash flow problems, the better. It is strongly advised to liquidate your business with the help of experts who have years of experience in this field. They can help you get the best outcome and save you a huge amount of time and stress. You won’t have to spend hours getting your head around legalities or fretting about paying back your creditors once they take over – they are there to help with your best interests at heart.

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Streamlining your bid writing process to perfection

Streamlining your bid writing process to perfection

Streamlining your bid writing process to perfection

May 18, 2022

Streamlining your bid writing process the right way

When it comes to writing and crafting bids, even the most seasoned bid managers could improve their writing process and track progress more efficiently. However, it is important to streamline your bid writing process so that you could be confident that everything goes as planned once you submit your bid.

3 tips for streamlining your bid writing process

Below, we’ve broken down our top tips for streamlining the bid writing process after your bid documents arrive in your inbox.

Decide who is helping and set deadlines

As soon as the bidding documents have arrived and you make the final decision to bid, it’s time to plan, plan, plan.

You’ll already be aware of the best people to write specific pieces – for example, if you have to provide any financial information, you know you’ll likely need documents from your Head of Finance or Accountants. Letting them know what you need and when you need it by is key. The earlier, the better – you don’t want to be held up by any documents that have vanished off your Google Drive!

In some instances, you may need to provide confidential information (e.g. salary information if you are a Living Wage Employer and this supports your application) that the HR department may want to give to you right at the end or submit as a passworded document for the tendering organization’s eyes only. It’s important that they know to who they should be sending the documents if they are doing this themselves.

In order to streamline this process, we recommend creating a spreadsheet with information about who is writing what, when you gave them the information, their deadline, and progress – perhaps in a traffic light color system. This way you can visually see what you are waiting for without having to scroll through a lot of email chains.

Plan the content and identify ‘win themes’

It may be that you are applying for this specific project as it aligns perfectly with your values or goals, in which case, it’s important to emphasize these. For example, our organization is committed to providing X and has a track record to evidence this or this work could help us further our aims.

It’s almost like telling a story – what matters to your business and how do yours and the tendering organizations’ goals align? How can you help them achieve their own targets and what extra benefits can they get from working with you? What is theunique selling point that makes you stand out from your competition?

Make sure the team is aware of these ‘win themes’. For example, if the project is heavily based on social return on investment, this is crucial for the HR department to understand as they have a greater insight into what they can share. It might be proving that you provide opportunities to people from disadvantaged backgrounds, pay the Living Wage, that a certain percent of the money your staff earns is invested back into the local town, etc. 

Again, it is worth including some of this information in your spreadsheet under a ‘Notes’ column for specific details you have asked them to include.

Write and submit the bid

Once each contributor knows which parts they are writing and the themes to emphasize, it’s time to get writing. Different parts from different departments will likely be sent over to you in dribs and drabs so save them into the document immediately and make any changes necessary.

If you get stuck – don’t panic! If you find the bid submission and research hard to figure out, you can always search the internet for some extra help like this Thornton & Lowe’s guide or read a bit about how governments handle bid submissions.

Make sure you are completely happy with the information provided – it might be that you have just thought of another factor that could be included (e.g. statistics from a case study), in which case you can get back to the relevant department and request this information with time left to make very final changes. Then, it’s time to submit and wait to hear back!

Conclusion

It might take some time to perfect your bid writing process but in the end, it will be definitely worth the effort. Appy our tips to make sure that your bid is written to the best possible standards and hopefully, you get back positive replies only!

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How to deal with rude customers in 18 different ways

How to deal with rude customers in 18 different ways

How to deal with rude customers in 18 different ways

May 17, 2022

Best tactics to teach you how to deal with rude customers

Knowing how to deal with rude customers it’s an important lesson every business owner and employee should learn. Because not knowing how to handle rude customers can cause real problems inside your company. The negativity coming from these customers can trigger employee dissatisfaction, frustration, and similar issues.

The first and foremost thing you need to know is that you have every right to refuse service to rude customers, without apologies. However, if you judge the situation to be moment and you think you can overturn them to become polite, loyal customers, it’s time to learn how to deal with a rude customer.

Jump directly to:

 1. Give them refreshments

 2. Send them to some of your competitors

 3. Refuse service for the rudeness

 4. Win them over with kindness

 5. Listen carefully then ask the right questions

 6. Put the guidelines on paper

 7. Try to reason where the rudeness comes from

 8. Read between the lines

 9. Have policies set in stone

 10. Offer upgrade instead of a refund

 11. Payout of your pocket

 12. Don’t respond logically

 13. Improve your overall customer service

 14. Let someone else from your team deal with it

 15. Divide the problem into chunks

 16. Don’t give them space to argue

 17. Follow up after the problem is solved

 18. Try not to handle it alone

Experts explaining how to deal with rude customers without losing your mind

The following tips come from businesses that learned how to deal with rude customers through their experience. As one of the respondents said, dealing with rude customers comes with the territory. Whether B2C or B2B, there’ll always be some prick to disturb your day when you’re in business.

Give them refreshments to cool them down

Show how that you care, begin with an apology and sound genuine while doing so, irrespective of whether or not the customer is right: “I am sorry you had a terrible experience and I would do everything possible to make it better.” 

After the apology, we usually ask them to wait for a short while we work on resolving their issue. During the waiting time, we serve them refreshments and make them feel comfortable. Then a senior executive shows up patiently listening to their query and mellowing them down. 

The basic idea is to apply reverse psychology and show the utmost respect. A customer might be having a bad day or might be generally rude, but it isn’t our task to turn them into decent human beings. The wait time and the refreshments served to make them feel at ease and calm them down. A follow-up by a senior executive who attempts to break the ice initially does the job.

Akram Tariq Khan, Co-Founder of YourLibaas

Recommend working with some of your competitors

There’s a percentage of the population for whatever reason are never happy, and these you want to move on. You’ve just gotta have that difficult conversation with them. Of course, be friendly and respectful, but show them the door politely and send them to a competitor.

You could say something like: “Look, I’ve noticed there’s a disconnect between the services we deliver and what your business really needs. And while I’d love to continue this working relationship, I have to be honest with myself and you. It seems like we’re not the right fit for what your business needs right now. So, how about I introduce you to someone I know who can address your needs more closely.”

Why does it work? The customer will respect you for being honest. They might come back in the future when they are a better fit for you and your business. Moreover, they will find it very helpful that you’ve suggested an alternative solution. Either way, you will have done the right thing for yourself and your own business and that’s why I believe this is tha best tactic of how to deal with rude customers.

Allan Dib, Founder of Successwise

Can a business refuse service for the rudeness? YES!

Rude customers cost a lot more than just refund or compensation, they do cost indirect cost – our employees’ mental health. As rude as it sounds but we do cut ties with them as soon as possible, we follow the 80-20 rule and we strongly believe that employees are the most valuable thing in the company so we value their sanity.

Armandas Tiskevicius, Head of eCommerce at Mezzoroni

Recently while on a project, we had a general contractor attack our team verbally using racially sensitive words. Due to current events and politics, many of our team members already feel unappreciated and like they “don’t belong”. A majority of our workers are Hispanic. They are the lifeblood of our company and a huge reason for our current exponential growth. We will not tolerate anyone disparaging our team

So I drove two hours to make it abundantly clear to both the contractor and my team that we will remove our equipment from any project regardless of size if someone disrespects any team member. Removing our equipment prior to work completion is quite expensive for us because we risk not getting paid, but contractually allowed and can drastically affect a project timeline. This is a price we are willing to pay for my team.

Robert Lewis, President of Peak Access Solutions

Win them over with kindness

The rude ones are the best. Why? Because when you finally win them over, it’s a far greater triumph. So, how to win over the rudest customer? A natural reaction would be for us to bite the bad behavior. 

However, leading a team of 15 Senior Executives where substantial amounts of money were involved, I’ve heard many rude customer scenarios. Should you manage to keep your cool under this type of customer-induced pressure, inviting a calm and understanding tone to an elevated situation, you will find you take back control. No, this isn’t about being a pushover. This is about winning the race. Kill them with kindness and professionalism.

Setting boundaries and asking questions to interrupt the behavior such as “What would you like our next steps to be here?” can place you firmly back in the driving seat. Mapping out logical options with the aforementioned rude customer often wins respect and in most cases, you’ll receive a phone call or email highlighting that you caught them having their worst ever day, with a sheepish apology to accompany their confession.

Rachel Crocker, Founder of Rachel Crocker Consulting

Listen carefully then ask the right questions

I handled quite a few rude customers, so I have thick skin when it comes to how to deal with rude customers. A warm smile can do miracles when it comes to people being rude to your face. It is almost impossible to be angry at someone who is smiling at you.

When dealing with rude customers, it is crucial to remain neutral and to listen by confirming what is being said actively. For example, “If I understand correctly, your main concerns are A, B, C. Is this correct?” With this approach, people feel heard and respected. Once the customer finishes talking, I don’t propose my solutions. But instead, I ask “How can I make this up to you?” or “What solution do you believe would be best for your problem?”

Alex Manos, CEO at Beverly Hills Car Club

Rude customers are game-playing, subconsciously trying to manipulate a situation. Therefore, you have to release their emotion by:

    •  Listening
    •  Apologizing for their emotions, for example, “I’m sorry you’re not happy”
    •  Reassuring, for instance, “I can sort this out for you”
    •  Getting past emotional manipulation by asking for the facts. That could be “When did you buy it?”, “When did it stop working?” and “Which store did you buy it from?”

We train customer service staff to focus on anticipating a customer’s needs regardless of the situation so they know how to deal with rude customers. For example, to foresee a complaint and contrary to typical behaviors and attitudes, bravely go and exceed their expectations.

Andrew Wallbridge, Head of Leadership and Management at TSW

Put the guidelines on paper

I remind our staff that courtesy has a limit and is a two-way street. We are landlords so provide housing services to our customers (tenants). It is an intimate relationship built on trust and a set of written guidelines we all agreed on (a lease). It is also based on governmental laws so as property owners we are held to a high standard.

So when a customer gets too rude or abusive and this is a habit of theirs we look to fire that customer. According to the Pareto principle, 80 % of your headaches come from 20% of your clients. We fire them by issuing lease violations for their behavior as it is written into our agreements to maintain respect for one another. Also, abusive tenants typically are abusive neighbors, so we also put them on written notice that they are interrupting the ‘quiet enjoyment of other tenants when we receive those complaints.

Often these letters quiet the situation and we can all get back to resolving the issues that have created the tension. Sometimes we agree to disagree and facilitate the exiting of a tenant from their lease so everyone can move on, essentially firing the tenant as they have become a time waster and we cannot satisfy their desires.

Gary Zaremba, Broker/Owner of PepZee Realty

Be empathetic and try to reason where the rudeness comes from

The customer is the king who sometimes needs special treatment. Your goal is not to fight back against the rudeness and make the customer feel bad for his behavior, but to solve the problem and keep both parties happy.

Several months ago, a customer sent an overly dramatic, rude, and hostile email, complaining that his emails were never answered.

After checking and realizing that the support team had replied to all of his tickets, I wrote the customer a very sympathetic email asking him to kindly check with his tech team if our support’s address was being blocked by their firewall. No apology or promise for compensation until the issue is cleared out. Just empathy for what the customer was going through.

I then received an email from the customer apologizing for the behavior as indeed his company’s firewall blocked all our support’s emails. I followed up by thanking the customer for letting me know and making him in this way feel better (not bad!) for the way he had behaved. Don’t forget that politeness ambushes rudeness!

Angeliki Bekyra, Customer Success Associate at TalentLMS employee training platform

Customer service is extremely important in the world of business. One of the best customer service skills is the ability to use emotional intelligence in business and show empathy. Those who work in customer service can show and experience empathy simply by listening. When it comes to empathy, it is important to both feel the emotion internally, as well as to express it externally in a way that customers can observe. 

One way customer service representatives can show customers they empathize with their situation is by repeating what they say in their own words. For example, if a customer finishes a long complaint, you as the customer service rep can paraphrase the issues and make it more concise by saying that “So you are saying…” This will help customers feel heard and will also give them the opportunity to correct any potential miscommunications. Having a customer focus and excellent customer service builds brand loyalty.

Kevin Miller, Founder, and CEO of The Word Counter

Read between the lines

If you’re a business owner, chances are you’ve encountered at least one rude client or customer – it comes with the territory – but how you respond can mean a lot for your experience, your client’s experience, and your company’s reputation. Nobody wants a negative review, so it’s best not to default straight into giving the opposition a piece of your mind and find out how to deal with rude customers. 

When a client expresses discontent, it’s essential to remove the emotion from their message and read between the lines. What are they really saying? More often than not you’ll find that they are either confused, feel unheard, or their expectations are not being met.

To find some common ground, you’ll need to eliminate confusion by creating clarity, actively listening and reiterating that you understand what they are saying, and ensuring that both of your expectations for how the project and deliverables were perceived are accurate and being met.

Amy Goldizen, Owner, and Founder of Black Label Leads

Have policies set in stone

We have policies depending on whether we’re dealing with rude/disrespectful prospects or paying clients. If a prospect is blatantly disrespectful to a team member we communicate that we aren’t a ‘great fit’ and suggest a competitor as an alternative.

If a paying client is repeatedly disrespectful to a team member, we request a call/meeting. On this call, a manager communicates to the client’s manager that we require an upgrade to ‘Tier 1’ support which carries an extra cost.

The outcome of this meeting usually falls into one of these categories:

    •  The client contact often changes their tone or introduces a new point of contact.
    •  If the client agrees to ‘Tier 1’ support, the team member earns a quarterly bonus paid out from the support fee.
    •  If the client doesn’t change their tune or upgrade we reserve the right to not renew their contract.

Ryan O’Donnell, Co-Founder of Replyify

Offer upgrade instead of a refund

Empathy has to lead every customer interaction even when you’re dealing with rude customers. Even if they are demonstrably upset, you have to see it through their eyes. I recently worked with a customer who felt the product was not relevant to their needs and they wanted a refund. I took full responsibility, telling them I’m sorry we disappointed them. As our way of saying sorry, I offered them a free upgrade and a free product rather than a refund. 

They happily took the refund and were grateful to receive that kind of service. They even offered to write us a 5-star review! It would have been easy for me to give up on that customer, but the people who are most upset are also capable of being your biggest cheerleaders if you make it right for them.

Paul Burke,  VP of Private Brands for Sidekick Digital Media

Payout of your pocket

One of our most popular product categories is stress balls. This particular customer purchased a safety cone-shaped stress ball. Despite the order form listing the name as a construction cone stress toy and including the item size (3.5 x 2.5), the customer was very upset they couldn’t use the stress balls as actual traffic cones for their upcoming construction project.

Things got heated. The customer was clearly embarrassed over the mistake but didn’t want to take responsibility. We eventually came to an impasse. The customer continued to call and harass our staff for about a week. I eventually went to Amazon and ordered full-size construction cones, paid for them out of my own pocket, and drop-shipped them to the customer’s address. The angry phone calls stopped after that.

Bret Bonnet, Co-Founder/President of Quality Logo Products

Play the emotional card, don’t respond logically

I’ve responded to over 6,000 customer support tickets at my company. Almost always, the trick when dealing with rude customers is to mirror and label what it is they’re going through. People understand in two ways, logically and emotionally. 

If you try and logically explain to them their problem back to them like “It sounds like your computer isn’t working,” they are less likely to feel understood. Versus emotionally “It sounds like your computer not working is causing a lot of frustration, and that’s not an experience anyone should have,” they tend to respond with a “That’s right,” and know that because you understand their emotional severity, you are capable of helping them properly. 

You have to nail not just what it is they’re having a problem with, but what the problem means to them.

Spencer Shulem, CEO of Build Better

Improve your overall customer service

One of the best tips on how to deal with rude customers and overall improve customer service is to make it easy for customers to get in touch with you with different toll-free numbers in different parts of your funnel and emails. Also, assign dedicated customer support agents for specific departments which handle various aspects of customer service. 

For example, shipping inquiries are assigned to a specific team of agents, billing concerns to another team, and refunds/returns to another team to enhance efficiency and faster response times to customers. 

Also, enable customer support via SMS automation to enhance better ways for customers to get in touch with your customer support teams. By setting up these systems, you will be able to solve each customer’s issue much faster, saving them time and improving satisfaction.

Ashwin Sokke, Co-Founder of WOW Skin Science

Let someone else from your team deal with it

The most important thing about interactions with rude customers is that you don’t take it personally. View it as a problem that you need to solve, objectively. What can you do to resolve the issue quickly and successfully and get the customer on their way? 

My advice to all business owners is to let the staff that’s trained to deal rude with customers do it because as an owner, you’re too close to the business and you tend to be biased or get defensive. Do you know how many awful social media exchanges I’ve seen of owners starting fights with rude customers? Or getting defensive over bad reviews? 

An interaction with a rude customer is not the time to be “right” regardless if you’re the owner or an employee. Stay calm, polite, and smiling, and do what you have to do to protect the integrity of the company name. 

Hosea Chang, Chief Operating Officer of Hayden Los Angeles

Divide the problem into chunks

Speaking of how to deal with rude customers I’d like to think of it  as the process of breaking down a large problem into several smaller parts. These small portions make it easier to deal with the problem at hand. People commonly use chunking to organize their daily tasks. It’s also useful when dealing with difficult problems. 

Assume a client always has an excuse for not being able to set up their account and begin using the company’s software. You can ask them to assist you in breaking down each of the final steps you need to take to get things moving during your next meeting. Chunking each task makes it easier for the client to understand what remains to be done.

Shane Liuw, SEO Expert at First Page Digital

Don’t give them space to argue

Rude customers often want to argue and insist on getting what they want. Sometimes these arguments may go on forever, especially if you open space for them to develop. The best strategy is to be polite and respectful, but limit the space for discussion. 

For instance, if you receive a complaint, don’t go into much detail about the reasons. Simply thank the customer and show what your next steps would be. It’s important to always show respect, even if the person doesn’t give it back. However, don’t fall in the trap of explaining yourself or asking additional questions. If a person tries to provoke you, don’t react and focus only on providing a solution.

Andrew Makhovskyi, CEO of Effy

Follow up after the problem is solved

My most effective tactic when it comes to dealing with rude customers is to always follow up, even after the issue has been resolved. You will need to set up time with the customer in order to connect, or get their number or email if possible. Following up with them about the situation to see how they are doing, is a really great way to ensure the customer does not have a completely negative experience.

Although it is not true that the customer is always right, it helps to rectify a situation and to show that you care about them. It can build a better rapport with the customer and it decreases the chances of them talking about your business negatively both in person and online. Remember that a customer’s feedback is vital, and one negative review can overshadow the positive.

Adam Moore, Founder of SocialPlus

Try not to handle it alone

When dealing with a rude customer, I’d recommend bringing in someone else from your company to listen, answer questions, and even help you resolve the issue. This can help for a few different reasons. First, it makes the customer feel special, second the rude customer won’t be able to take advantage of you and manhandle you and lastly, it can help with new ideas so you can fix the situation.

This could be someone in the specific department that caused the complaint, a manager for the company, or even the owner or leader. Bringing in extra help can really assist you if you’re ever in the situation of dealing with a rude customer.

Lucie Chavez, CMO of Radaris

Conclusion

It takes a lot of nerves and patience to learn how to deal with rude customers. Nevertheless, if you keep your cool and refuse to play by their rules, you’ll get to the bottom of their rudeness quickly and you can move on with your day. Even though you might think that how to deal with rude cusotmers is easier said than done, once you have the above-mentioned tactics in mind, trust us, it’s easier to have the control over any unpleasant situation.

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Why SMEs think switching business energy is hard

Why SMEs think switching business energy is hard

Why SMEs think switching business energy is hard

May 05, 2022

Why SMEs think switching energy is hard

SMEs are now using more electricity than at any point in history, consuming between 15,000 and 65,000 kWh each year in the UK. 

To put those figures into perspective, 65,000 kWh is up to 16 times more than the average UK household, which consumes 4,000 kWh on average. 

Our relationship with energy is changing too. Smart and half-hourly meters are rapidly replacing older metering systems, and some businesses are adopting smart thermostats and smart switches to control their energy in new ways. 

Yet, around half of SMEs won’t switch their energy supplier this year – despite a big opportunity to save hundreds of pounds on their annual electricity bill, and despite a report from Citizens Advice warning over a million UK businesses are at risk of being ripped off. 

This is intriguing — the way businesses are taking control of their energy at the point of use, but not at the source with their supplier. So, what’s going on?

National business energy survey

To find out why SMEs are so reluctant to switch their energy supplier, the business energy switching service EnergyBillKill conducted a survey involving 500 UK SMEs. They asked them why they won’t switch and what barriers are in their way. 

Here are the key findings:

 

  • 51% of SMEs consider switching too challenging
  • 51% of SMEs think switching is harder than tooth extraction or firing people 
  • 22% of SMEs think switching energy is too costly 
  • 21% of SMEs don’t know where to start with a switch 
  • 35% of SMEs think energy suppliers will overcharge them
  • 25% of SMEs are reluctant to switch supplier because they don’t trust brokers

Dwindling trust in the energy market

This survey highlights that the levels of trust businesses have in suppliers is dwindling. High energy prices and numerous billing and mis-selling scandals over the years have tainted the energy sector beyond repair. 

In response to the survey:

  • 35% of SMEs said they don’t trust energy companies;
  • 26% of SMEs said they don’t trust brokers
  • 25% said “everyone is a crook”

All in all, this is showing just how tainted the energy market really is.

Switching is harder than tooth extraction

Another thing the survey highlighted is just how difficult many SMEs find switching energy to be. 

21% of SMEs said they wouldn’t know where to start, and incredibly, 51% said switching is harder than tooth extraction or firing people. 

This is a startling statistic, so we’ll say it again: 51% of SMEs believe switching their energy supplier is harder than tooth extraction or firing people.

Lifting barriers

If we’re being honest, we can probably all agree that all businesses want is a fair and competitive energy market that makes switching simple. 

Despite competition laws, energy suppliers are reluctant to advertise the opportunity to switch to other suppliers because they lose the value of a contract. 

This is why brokers, also known as Third Party Intermediaries (TPIs), have an important role to play in giving energy-related advice and helping SMEs switch. They can help you switch to a supplier offering cheaper prices on business energy.

26% of SMEs said they don’t trust brokers; but, that’s far less than the 35% who said they don’t trust energy companies. For SMEs considering switching, starting with a reputable and proven intermediary is probably the way to go. 

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Valuable business insights from cancer survivor entrepreneurs

Valuable business insights from cancer survivor entrepreneurs

Valuable business insights from cancer survivor entrepreneurs

April 25, 2022

Cancer survivors sharing their business insights

Franklin D. Roosevelt once said, “A smooth sea never made a skilled sailor”. These cancer survivor entrepreneurs are the very best of skilled sailors. The type you’d want to guide you through scary storms. They know how to ride the big waves and come out as winners. This is why it’s important to hear their stories and learn the business insights that they have learned while surviving cancer.

Entrepreneurship insights from battling cancer

We talked with Kiki, Sarah, and Mila – three wonderful and extremely courageous humans who draw survival inspiration from entrepreneurship. Their journeys taught them valuable lessons that they now want to share with you

How being diagnosed with cancer affects business

Mila, founder of Mila&Such

I started the company when I got sick and I wanted to start making scarves. I wanted to create something with positive vibes, and many told me the paintings made them feel good and happy. I also wanted that energy covering my head when I found out I will need chemo and will be losing my hair.

I actually drew and illustrated my little graphic novel while going through treatment. Creating and painting was a great outlet.

Also, I am a taurus, I am super stubborn and determined. My friends are super supportive and encouraging. I have the best friends who are able to offer great constructive criticism and I am always open to learning and trying to improve.

Kiki, founder of Kiki Kirby Coaching

Finding out I had cancer came as a complete shock as I had spent 3 years building my business and it was running at a good pace. We were starting to do business online and going global. I felt so disappointed and frustrated I was not able to create the goals and vision I had planned. 

Just before I was diagnosed, I was running two online group coaching programmes which I still continued with as this helped me still feel like I had purpose and I guess I just wanted to try have some normality. The support and encouragement I received from my clients was so amazing.

At times I did feel like I was missing out on so much in the everyday world of business and it has taken me a long to get over this. I had to keep reminding myself I was fighting cancer and my life was a gift and I was grateful that I had a good support system and amazing doctors and nurses taking care of me.

Sarah, founder of Halcyon Naturals

Halcyon Naturals is 1 years old. The brand has come about on my journey of recovery and remission. After having a stressful life as an Executive Assistant as well as a freelance Tour Manager and Promoter, I have dedicated myself to being more mindful of my self care as well as the rituals that entails. For me, this was candles. I wanted a brand that could give therapeutic benefits rather than just smell nice, which is how this brand was born.

Quitting business

Mila

I never thought about quitting. I consider this to be something that is as much a part of me as my need to create. I feel I make a little bit of difference in the world and make someone smile when they open up their box and read the inspiration.

Kiki

Interestingly, during my cancer journey and even coming back to work the thought of closing my business hadn’t crossed my mind, if anything it pushed me harder to create the business even stronger and bigger. 

But in January 2019 I had returned back to work full time, my health was still very up and down as I was only 8 months in remission. The following months were tough probably even harder than fighting cancer and I felt so many things had changed within me, my focus, my emotions and what I enjoyed doing in work and the work I delivered. I had rushed a lot of business decisions because I felt I had missed out. 

In October 2019, I had thought to close the business. I was tired, and I was still getting used to my ‘new life after cancer’ which I am still now adapting to. I had lost 6 friends to cancer during the year whom I had shared the cancer journey, and the grief and guilt hit me in many ways. 

After many conversations with loved ones, my consultant and my psychologist we had agreed it wouldn’t be the right thing for me to close and to see for myself how far I had come. Instead, we worked together to see how I could change my business module, my daily routine and my focus to make sure it supported my health daily which is my number 1 priority. This is still work in progress and continues to be daily.

Courage and taking risks

Mila

After surviving cancer, I’m definitely more courageous with risk-taking. It’s hard to explain the fear you have of actually dying when faced with the diagnosis. Any challenges you face after that are just that for me… challenges that I know I can overcome. 

I realized when I was going through this that one of my fears was to just die and be forgotten. Forgotten without making an impact or changing anything for the better. So this is my way to make a difference. I would love to get to a place where my business is super profitable and I can donate more.

Kiki

My natural personality is to take risks and live and enjoy life to the fullest daily (which I still do). But now I really need stability, security daily and not be as adventurous as I was before.  This is getting better I think over time and approaching life daily with intent and focus. I thrive more at home in my environment and do not want to make big lifestyle changes. I do feel this will change as I heal more through the journey. I am more calculated with my decisions taking into consideration so many areas.

Sarah

In terms of taking risks, I’ve always been a risk-taker. I don’t see this as a risk personally,  but I can say that post-treatment I take more calculated risks. My life was very intense and could change direction in a heartbeat. That no longer motivates me. I’m more interested in building a legacy and preserving my peace. This meant I had to cut off certain people, change careers and focus on what was important to me, rather than working like a dog for others.

How cancer (re)shapes entrepreneurs

Mila

It made me stronger, more determined, more empathetic. I am harder on myself as far as making excuses of why I can’t. I always feel like I will run out of time and won’t finish what I started. Definitely PTSD  there. 

Kiki

Transformational in a BIG way, I had always appreciated life, health and purpose before cancer but now I am even more grateful for EVERYTHING. I mean everything!

Removing stress from your daily life is so important and vital to everyday happiness. More resilience and perseverance. These were always important but even more so now. 

 I feel having the right support and foundations in your business are so important (financial security, staff, resources, spiritual, creating a business that if you were out could still run). Doing less and slowing down has been a huge lesson for me. Only focusing on a few things, not 5 million things to do. 

 It is ok to change your vision and navigate another way. Every step counts, the ones you take and the ones you don’t.

Sarah

I have always been an entrepreneur. Cancer was a moment in my life but it in no way defines who I am as a person or who I am as an entrepreneur.

Key insights for other enterpeneurs

Mila

Never listen to your excuses of why you can’t, because trust me, it isn’t what you think it is if you have a general good and healthy life.

Listen to others when you are unsure…but in the end, you are in charge and you know what is best for your body and for your business. I feel it is in a way an expansion of who you are, especially if it is a created kind. 

Trust your intuition 100%. Push through the uncomfortable. Never ever stop when things get uncomfortable because this is the best and hardest part of life and business. When you are uncomfortable you are actually growing…and that’s what you always want.

Kiki

Move through your struggles to avoid your struggles. Be respectful of those who have had health challenges, cancer, grief, mental health, etc. You don’t know how hard their struggle has been. If someone says NO who has had a health challenge, don’t keep pushing them, they know their own limits. 

Appreciate your life and health daily. Make sure you don’t work so hard that it impacts your health. You only live once. Be more compassionate and appreciate people and how you interact daily with them. You don’t know what people are going through and suffering. Be kind and let go of things that don’t serve you, even if this is also people and relationships.

Sarah

Your peace is paramount. It’s not unusual for us to work all the hours God sends in order to achieve our goals. It’s just as important to rest as it is to work and self-care rituals are very important in helping you to maintain this.

Offering a hand to everyone fighting cancer

Mila

Be kind to yourself. Don’t be afraid to ask for help, it’s not a sign of weakness, but a sign of true belief in humanity’s kindness. Be informed but don’t obsess and don’t self-diagnose… It is the worst thing you can do and build so much anxiety. Anxiety causes all sorts of bad decision-making because you are not thinking clearly. 

Kiki

Find JOY every day (even in the small things). Focus on the every day and be totally present.

Find those who can fight your journey with you. Don’t give up no matter how bad it is. Believe you will get healed. Work on your mindset daily. Do the development personally and professionally. It’s ok to let go of the life you thought you would have. Get the right support and don’t fight it alone. Pray daily. Express your worries and concerns and have FAITH daily.  You can’t be responsible for someone else’s emotions only your own.

Sarah

It’s your journey. Don’t let anyone else dictate what is right and wrong for you at this time. It’s also a very personal journey, don’t feel the need to share your experiences with everyone. People will show themselves at this time and you will quickly learn who is for you and who is just along for the ride.

 

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