Why ‘Business Transformation’ Matters
Every business needs to constantly evolve, adapt and change, we call this ‘Business Transformation.’ Just think about how disruptive technology has affected even top brands, mobile phone makers like Blackberry and Nokia did not recognise or adapt to the massive threat from smartphones such as Apple and the Android based equivalents. Similarly Hotels and Bed & Breakfast business have seen a dramatic impact from, Trivago. Similarly Hotels and Bed & Breakfast business have seen a dramatic impact from, Trivago,
Similarly Hotels and Bed & Breakfast business have seen a dramatic impact from, Trivago, TripAdviser and Airbnb. Then just consider how Taxi firms and Food Take Away food businesses have been affected by Uber, Just Eat and Deliveroo. Any business can suddenly find that a new competitor sets up offering a low-cost alternative, but a common mistake is then to enter into a price war which ends with a race to the bottom.
Other Change Catalysts
The most common changes that impact on businesses is legislation, increases in employment rights and costs and requirements to meet regulations such as Data Protection or GDPR with potential penalties for non-compliance. Another issue major change factor is directors and owners feeling business has become too challenging or recognising that profits and their resulting personal income have dropped considerably. Some just can’t see how they can exit the business or even sell it.
How Modus Makes a Difference
Modus Consulting has considerable experience of helping businesses to change and make massive gains through ‘Business Transformation.’ As part of this process, we help the business and its owners to understand their current situation, then to agree a new ‘Business Vision’ and long term strategy. This may encompass building business value ahead of a plan to sell, exit or may encompass building business value ahead of a plan to sell, exit or agree on a management buyout.
As part of our initial discussions and assessment, we will undertake a mapping exercise examining your marketing and sales process, your sales & marketing documentation and all online and digital assets such as website, social media presence etc. In many cases, we will help businesses to under go a ‘Digital Business Transformation.’ If you want to understand how you can make a massive improvement to your business or organisational performance and increase income and profitability, or just want to ‘stop it hurting,’ Take action today!