Business Tune-ups

Like a beautiful classic car, businesses also need a tune-up from time to time to keep them running smoothly and efficiently. Let’s face it, if we are too busy when times are good we may be over looking our inefficiencies created by bad practices, non-existent staff policies or poor strategic planning.
Whether you’re concerned about uncertain times ahead or recognize the need to take your business to the next level maybe it’s time for a business tune-up. For owners of a small to medium size enterprise (SME) who may be concerned about uncertain times ahead, a business tune-up may be the correct solution to take your business to even greater growth and prosperity.
You are likely a candidate for a business tune-up if:

• decisions are made as a reaction to a problem rather than proactively to its cause
• you are focused on new business acquisition rather than enhancing current customer relationships
• your pricing is based on market reaction rather than following a proven strategy
• you have no formal organizational structure, job descriptions, performance standards or employee evaluations
• you are not documenting your operating procedures or system processes
• you have no service or product strategy in place to measure profitable vs. non- profitable products and services
• management is not aware of the competitions focus or strategies
• there are no feedback systems in place to measure finances, profitability and efficiencies

Have you got a handle on what drives the costs and profits of your business?   Do you understand the core functions that enhance revenues and non-core functions that increase expenses?  Knowing the difference will help you plan the journey to profitability and success for your business.