Business Health Check: What Do Your Company’s Vital Signs Look Like? | Extraordinary Business
We learn as we become responsible adults that the important things in life need regular care and maintenance. We see our doctor for a yearly exam to make sure our body is fit and running well, we take our cars into the garage every year for a bumper-to-bumper inspection to keep us driving safely on the road, and even the small but precious things such as that engagement ring gets a yearly cleaning and checkup to make sure there’s no wear and tear that might compromise the expensive stones. It’s smart to be proactive in the care and maintenance of the things we value most, and our business health should be right there at the top of that list.
In the following article, Mike Smith goes over the key points you, as a business owner, should be breaking down your business ‘Health Check’ into and how each of these points should be measured, weighed and then improved upon. Whether it’s examining the revenue streams you currently have and researching how they may be expanded, or improving profitability by streamlining current base expenses right out to the point of purchase (making purchases quicker and easier) each ‘examination point’ is important to assess the overall health of your business and help it thrive in the year to come.
Much like when the mechanic examines your brake pads, your tire tread, and the fluids in your car’s engine, dedicating the time to examine each part of your company’s workings or ‘engine’ can mean the difference between your company functioning like a purring sports car or a sputtering heap that has you worrying every time you get on the road. Remember, even the best cars need maintenance, and your company is no different. The following article will show you how you can keep your company in ‘racing’ condition.
Read Mike Smith’s “Small Business Health Check” here…
Beth Bowling is the Community Manager at Aepiphanni, the trusted advisor for business leaders who are seeking forward-thinking solutions to help them plan for and navigate through the challenges of business growth. She periodically writes about effective management of small and medium businesses.
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