Business Improvement
Are you tired of putting ever increasing amounts of time and effort into your business for little or no additional improvement?
Small Business Owners through to experienced and seasoned managers of large businesses or business units all put in additional hours when times are hard – and let’s face it times are currently hard. We all know that as a business owner or senior manager, no one is going to pay you for the extra energy and effort you put into turning your business around. Your reward comes from having saved the business from possible failure. Anything more than that, such as making an incremental step-change, may lead to a possible bonus.
So, the trick is to rapidly make improvements to your business. Easily said, but how, exactly, do you go about it?
Business Improvement – complete a full Business Review to identify ALL the issues and then fix them in order of priority determined by taking the following factors into account:
- Value – which fixes will offer the most value to the business.
- Time – the amount of time required to fix each issue – not all fixes are immediate, but some are.
- Resources – allocate the resources required to fix the issue.
Low hanging, easy-to-fix issues with a high value should be the first to be addressed as they will provide the most rapid return to the business and help with funding the harder-to-fix items.
Is it easy to complete a Business Review? Not really, but that’s why there are professionals like me around who can rapidly:
- Analyse the financials to identify the main issues both in the gross margin and overheads.
- Review a business’s operating processes and identify improvements.
- Complete a customer analysis to see if your target market has changed.
- Review the business’s supply chain for improvement.
- And during this process communicate with staff at all levels within the business.
Is it expensive to engage Business Advisors like me?
Expense is relative to Profit Improvement and should be treated as an investment. That’s what we believe in, and it’s why we’re not afraid to put our money where our mouth is because, if you engage us, Into the Blue offers most mature businesses a Zero-Risk policy… No Improvement – No Fees
For more information please either reply to this post or email profit@intotheblue.co.nz.
Additionally, If you think you are doing too many hours in your business or are generally not happy with the way your business is performing, why not take our quick 2 minute health check by clicking on the following link https://intotheblue.co.nz/business-health-check/
For more information please either reply to this post or email profit@intotheblue.co.nz
For more information on creating or improving a business model please call John on (021) 625-871, and further more information please visit Into the Blue.
