A healthy business demands routine checks and examinations.
As a business surpasses the initial start-up phase, basic survival is the measure of success. At this stage, there are still limited systems and employees; there may be a marginal profit; expenses are covered and cash flow can and must be projected. Failure to thrive can be attributed to owner burnout, lack of vision, insufficient funds and marketplace factors.
Too many businesses get stuck in this stage.
These are the businesses that are sold at a loss or just close down when the owner has had enough. Every business should strive for optimum health and to perform like an Olympic athlete.
Now is the time to train your business and make critical decisions.
Are you going to go for the gold or are you willing to settle for being a recreational player? If you are reaching for the gold, then you are going to have to train your business, assess the weaknesses and attack them rigorously, optimise your strengths, consider growing and expanding your business and reinvest in its success. This will require constant monitoring.
Not every athlete captures the gold. However, constant monitoring and exercising increases your business’ success and potential for optimum health.
We can help you determine whether your business is succeeding and how you can enhance your performance. Ask us how to get started today.