We have to make sure our business is set up to be scalable in every way, so that we don’t get stuck as we work to make progress growing the business. What are your recommendations to help us get there?
Thoughts of the Day: Know what it is you’re trying to accomplish and clue everyone in to the overall goals. Move people around to increase communication and collaboration. Use processes and tools to help measure, manage and improve each area of the business. Move ahead fast enough to be challenging and slow enough to allow time to deal with issues before they become big obstacles.
Thinking about whether it’s time to get out, and who would we sell to if we did decide to quit, and for how much. Not in a rush, but it’s time to get prepared. Wondering how best to go about doing this.
Thoughts of the Day: Knowing what you need to get is different from knowing what you can get from a sale. Optimal buyers don’t just show up. If you’re running out of time, make the best deal that you can.
Just watched a client go out of business because they didn’t have good control; the owners told us: “we don’t know what’s going on, we weren’t watching it”. Don’t ever want that to happen to us. What should we put in place to keep our company safe?
Thoughts of the Day: Here’s what you want in your toolkit, to help keep your business on track and out of trouble. A qualified management team. Reports. Goals. Accountability. Profit sharing or shared ownership.
I don’t have a system to keep organized. Over the years I have tried lots of different ways to stay organized but none of them stick. I feel as if I’m wasting time and losing out on opportunities when I become disorganized. How can I stay on point, increase my efficiency and do a better job of tracking things?
THOUGHTS OF THE DAY: Do an assessment of the tools you rely on to keep yourself organized. Do one thing, do it well, then move on. Allow your brain time away. Prioritize based on goals. Recognize the role stress plays in disorganization.