How do you measure strength when it comes to your company? How do you know if you have a strong business? If you measure your business strength by only its finances, then I believe you are missing some very important areas that will either make or break that financial measurement.
Here are 10 ways to identify whether or not your business is strong:
How much do you know about your employees? How much do you want to know or need to know? How many of your employees would you say are the best and brightest? How many times have you said, “I wish I had ten more like him/her.” Why? What makes them so valuable to your business? What makes them so valuable to you? What characteristics do they have that make them stand out?
How do you know your company is healthy? Companies need regular reviews, preventive procedures, occasional medication, someone to identify glaring symptoms. Here are ten signs that your company is healthy.
Do you know the secret of a successful business? All measures of success center around the big three main concepts – strategy, people, and processes. Three intersecting circles that depend on each other for the success and growth of your company. Concentrate on these three areas and you will have a successful business.
Information is good. Information provides us with the means to improve. Turning data into information is revealing. Gathering data is important. Identifying the right metrics to gather the right data to provide the right information is common sense.
There is a strong relationship between your job and your stress level. How stressed out you are because of your job can lead to money, health, and relationship stress. The more stress you are under, the more likely you are to call in sick, see the doctor, go on disability, have more frequent headaches, and experience periods of hyper-reactivity!
Do you know what happens when your vertebrae are not in alignment? Not only does this misalignment affect your entire back, but also your hips, shoulders, knees, and neck. Do you know what happens when your car is out of alignment? Your tires wear unevenly, which can affect your steering and even your brakes. So what happens when your business strategy is out of alignment?
As I was watching the drama unfold in the final game of the NCAA Tournament on Monday night, I started thinking that much of what I was viewing was similar to what goes on in small business every day. So what similarities are there between the final game culminating in the end of March Madness and the madness small business owners face on an ongoing basis?
As a business owner do you believe that you are ever done improving your business? Do you think that your business is as good as it’s ever going to be? The answer is and should be absolutely not! Why are companies willing to seek help in identifying potential problems within a company, but not so quick to do something about fixing them? Here are six reasons why business owners have a tendency to balk at doing something about fixing problems that they fully recognize exist.
As small business owners, we all like to think that we can handle things on our own. After all, there can’t be too much out there that we haven’t experienced. The truth of the matter is, we all need help. If we truly believe we don’t, then we are fooling ourselves. The key to getting help is to realize that we need help to begin with. And that’s where some kind of an accountability partner comes in.