Do one in three business need to change strategy?
All businesses should take time to think about the big picture – this is called Strategic Planning.
At Sackmans we recommend you do a full strategic plan every five years because things change so quickly. If you have not done one for a while, now could be a good time.
According to a study by researchers at Oxford University and Deloitte, just over a third of current jobs in the UK are at high risk of computerisation over the following 20 years.
The researchers based the work on nine key skills required to perform it; social perceptiveness, negotiation, persuasion, assisting and caring for others, originality, fine arts, finger dexterity, manual dexterity and the need to work in a cramped work space.
This is bad news for employees, but especially for business owners.
If you are under 45 years old and you plan on earning money for 20+ years (or want to sell up as part of your retirement) you may need to radically change your business strategy and diversify.
The BBC has created an online application to help you see if you are likely to be affected. To use it click here.