Small business ownership is not for the timid. The peaks are higher and the troughs are lower than the regular swings of business. In a larger company you’re insulated. If the company is having a bad month then so be it. In a small business the swings are more exacerbated.

I started Jennings Advisory because I wanted more independence. I also grew tired of the bullshit politics in large companies. The last consultancy I worked in was so thick and rich with politics it was hard to draw breath. Sadly the firm underperformed. It was under too much of a burden.

I think when you’re facing a rough patch it’s easy to look at all your shortcomings. Yet if you fear failure you tend to bring it on. It’s not smart to overstate your case either. You do need to understand the risks - and develop plans to help mitigate against those risks.

This month I have projects in the hopper but only one on the boil. Last month was so busy I didn’t have time to blink. Naturally I fear this slow-down is endemic of the future. Instead I have to calm a bit - and enjoy the time I have to get long-term projects done. It’s also a great time to revisit the business plan.

If you fear failure it will inevitably arrive. If you plan for eventualities you won’t be undone when one eventuates. I need to build for success and plan for growth - with a solid plan underneath.

The nicest thing about not planning is failure comes as a complete surprise and is not preceded by months of worry and toil.